Features
 
MT5
MT4
 

Pending Order Types

Types of pending orders requesting a broker to buy or to sell a financial security under predefined conditions in the future

MT5: 6
MT4: 4

Technical indicators

The number of technical indicators, which can automatically detect patterns in the financial instrument price dynamics and help users make trading decisions

MT5: 38
MT4: 30

Graphical Objects

The number of analytical objects that help identify financial instrument price trends, detect cycles, define support/resistance levels and more

MT5: 44
MT4: 31

Timeframes

The number of timeframes — time intervals in which quotes of financial instruments are grouped

MT5: 21
MT4: 9

Economic Calendar

Availability of the Economic Calendar which includes publications on various countries’ macroeconomic indicators, which can affect financial instrument prices

MT5
Yes
MT4
No

Email System

The features of the built-in email service, which enables users to receive important information from a broker straight in the platform

MT5
Yeswith attachments
MT4
yesno attachments

Embedded MQL5.community chat

Possibility to chat with other traders directly in the platform

MT5
Yes
MT4
No

Strategy Tester

Trading robot testing and optimization modes supported by the built-in Strategy Tester

MT5:

Multi-threaded
+ Multi-currency
+ Real ticks

MT4:

Single thread

Hedging

Support for the hedging accounting system, which allows having multiple positions of a financial instrument, both in the same and opposite direction

MT5 Yes
MT4 Yes

Compatibility

Ability to download and use the platform on different operating systems. This enables the user to download the MetaTrader platform, access their account and view all past positions / recorded data on any compatible operating system.

MT5 
	Windows Vista/7/8 Mac OS iPhone/iPad Android
MT4 Windows Vista/7/8 Mac OS iPhone/iPad Android