Which is more advantageous, MT4 or MT5? Is it true that MT5 can win more often?
MT4 and MT5, which one is easier to win with in trading in the end?
MT4, released by MetaQuotes in 2005, and MT5, which appeared in 2010. The later MT5 has 21 timeframes compared to 9, order types increased from 4 to 6, and its backtesting capabilities have been greatly enhanced.
Furthermore, MT5 now includes features that support trading, such as an economic calendar and an AI assistant.
So, does having more features with MT5 make it more advantageous for trading?
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? Features are MT5, tool abundance MT4. So which wins?
A rough comparison of MT4 and MT5 shows quite a few differences.
| Item | MT4 | MT5 | Advantage |
|---|---|---|---|
| Release | 2005 | 2010 | MT5 |
| Timeframes | 9 kinds | 21 kinds | MT5 |
| Order types | 4 kinds | 6 kinds | MT5 |
| Strategy tester | Simple | Multithreaded, multi-currency, etc. | MT5 |
| Supported assets | Forex & CFDs focus | Forex, stocks, futures, etc. | MT5 |
| EA & indicators | Extremely abundant | MQL5-centered | MT4 |
In terms of functionality alone, MT5 is far more advanced.
The biggest difference is its backtesting capability. If you want to test strategies using historical market data or compare multiple conditions, MT5 is more convenient in many cases.
Moreover, MT5 has an AI assistant that can answer questions about the market.
You can consult AI while looking at charts about what the market conditions are like or how to think about a particular trade.
This is a new way of using MT5 that did not exist with the old MT4.
However, having an AI does not guarantee you will win…
?In the end, does MT5 win more?
So, does using MT5 make you win more than MT4?
Here it is quite simple.
No matter which you use, the final trading decision is made by the trader.
What to buy or sell, where to place stop losses, where to take profits. The fact that MT4 or MT5 has a decisive difference in these decisions is not the case.
Therefore, it is not a matter of “MT4 wins” or “MT5 wins.”
What matters more iswhether your broker supports the platform you want to use, whether the necessary EAs and indicators are available, and whether you can create an environment where you can trade in the same way with either MT4 or MT5.
MT4 has long-standing abundant tools. On the other hand, MT5 has new features and AI assistants, reflecting a focus on the future trading environment.
Rather than asking which is absolutely superior,choose the one that fits your trading environment. This is the most realistic approach, perhaps.
?A platform you can use, rather than a platform that guarantees winning
MT4 and MT5, which should you use to win?
The answer is “both are fine.”
What decides winning in trading is not the platform itself but the trader’s judgment. Therefore, it is important to be able to properly use the tools you need, such as brokers, EAs, backtesting environments, and AI assistants.
In the end, it’s less about “which one wins” and more aboutwhether you can trade in the same way with your own rules on either platform. That may be the key point.
Practice freely and backtest with a completely risk-free trading simulator!
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