MT4 or MT5?

[francmorio]

I have been using the freshforex MT4 for almost half  decade now, but recently I realized that they have also launched an MT5 Platform, I'm used to this mt4 and feel very comfortable using it, but I want to try their mt5, would someone here advice me on which is the best platform. MT4 or MT? Thank you

[Irina Malcova]

Since I am still using custom indicators that mt4 so of course will use mt4 as a means of trading forex, where because of the habit of the latter would be more difficult if you want to change it

 

 

 

[yasrielkarunia]

I prefer MT4 because many traders are still using MT4 so they can freely use hedging strategies, or often called locking. This strategy is done by opening two opposite positions. Suppose we open Long's position, it's a loss. Then we position the key by opening Short position. So now we have two long and short positions that are both open. Thus our losses are limited. Prices move anywhere, our losses are still the same. In MT5 we can not do this. If we have a Long position and then open a Short position then it is considered both positions have been closed.

 

maybe here anyone is interested to get trading bonus then use broker service FXB Trading

[Gee Dee]

With the advancement of technologies we are looking forward to various automated trading platforms so that our trading journey can be somehow easier. With the use of various automated platforms, we can be able to trade without being present in the market. I have used both MT4 and MT5 for forex trading with different brokers. And I prefer somehow MT4 for trading in forex market with greater flexibility to use scalping and hedging.

 

[Namu]

I'm still using MT4 for trading in Freshforex. Actually, this broker already provide MT5 for their clients too. If there are traders who want to try trading in MT5 platform, you can try it in Freshforex.

[pandabox]

I really don't know the differences between MT4 and MT5 since I only use MT4. But I think MT5 could be for some trader types.

[alina.marabar]

I have never tried mt5 platform. Maybe it have more advantages than mt4 platform. Anyone have an experience on mt5 platform? what makes this platform superior than mt4 and vice versa.