What is the difference between MT4 software and MT5 software for foreign exchange gold trading?
What are the main differences between MT4 software and MT5 software?
MT4 and MT5 are two different versions of foreign exchange trading platform software, with the following differences between them:
1. The supported markets are different: MT4 mainly supports the foreign exchange market, while MT5 not only supports the foreign exchange market, but also various markets such as stocks, futures, and contracts for differences.
2. The programming languages used are different: MT4 uses the MQL4 programming language, while MT5 uses the more modern MQL5 programming language. MQL5 has more powerful features and higher execution speed.
3. The supported order types are different: MT5 supports more order types, including market price, limit price, stop loss, stop profit, tracking stop loss, order placement, etc., which is more flexible.
Overall, MT5 is more powerful in terms of functionality and performance compared to MT4, but MT4 is more widely used in the foreign exchange market and currently has a larger number of users.
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