Why MT4 is better than MT5
MT4 is the better bet if you are certain you will only be trading forex and CFDs, and you want to keep things very simple. It is a simpler platform and easier to get to grips with. If you trade stocks or more than one asset class, MT5 is definitely the right platform for you.
Why does everyone use MetaTrader 4
MT4 is popular for two reasons. The first is that it's highly customisable to your individual trading needs and preferences. The second is that it can automate your trading by implementing algorithms that open and close positions according to pre-set parameters.
What is the difference between MetaTrader 5 and 4
In conclusion, the main difference between MT4 and MT5 is that MetaTrader 5 was developed to attract market brokers beyond Forex, while MetaTrader 4 remains today's dominant trading platform when it comes to Forex and CFDs. One is not better than the other, it will depend on the broker profile you are trying to create.
Is TradingView better than MT5
MetaTrader 5 rates 3.8/5 stars with 14 reviews. By contrast, TradingView rates 4.6/5 stars with 49 reviews. Each product's score is calculated with real-time data from verified user reviews, to help you make the best choice between these two options, and decide which one is best for your business needs.
Why is MT4 and MT5 banned
On September 23, 2022, users found MT4 banned and MT5 banned from the Apple App store. The company simply stated that these MetaQuotes instruments didn't comply with the App Store's review guidelines.
Which MetaTrader version is preferred by traders
MetaTrader 5 is an excellent trading platform and has superior capabilities to MetaTrader 4 in certain areas such as back testing and DOM (depth of market). However, most Forex traders still prefer MetaTrader 4 to MetaTrader 5 when a choice is available.
Why did MT4 get banned
On September 23, 2022, users found MT4 banned and MT5 banned from the Apple App store. The company simply stated that these MetaQuotes instruments didn't comply with the App Store's review guidelines.
Do professional traders use MT4
MT4 is one of the most widely used forex trading platforms by professional traders. It offers a range of features and tools, such as technical indicators, charting tools, and automated trading capabilities.
Is MetaTrader 4 the best platform
When it comes to features, MetaTrader 4 stacks up pretty well against the competition. In fact, it provides most of the industry's standard features. In addition, it boasts unique things like automatic trades through its coding language. If you compare it to say, Robinhood, MetaTrader 4 has far more going for it.
What are the pros and cons of MT4 and MT5
MT4 vs MT5 – What's the best in 2022
| MT4 | MT5 |
|---|---|
| Has set the industry standards for a forex trading platform | More updated software that comes with additional trading functionalities and advantages |
| Widely available and accessible | Not as widely offered by Forex Brokers |
| Supported Language: MQL4 | Supported Language: MQL5 |
Do professional traders use TradingView
If you're still wondering, “Is TradingView good for day trading”, here's your answer: Yes it is. It's trusted by more than 30 million traders because no one can find anything they don't like about TradingView.
Why MT4 is better than TradingView
MetaTrader 4 is a trading platform that also enables traders to cunduct an extensive technical analysis using the platform. While TradingView is mainly built for charting. TradingView doesn't offer order placement. When comparing MT4 to TradingView, the focus is on charting tools.
Why did Apple ban MT4
The company simply stated that these MetaQuotes instruments didn't comply with the App Store's review guidelines. Though, there hasn't been any formal explanation from the company. The MetaTrader ban has surprised traders, especially considering how convenient these platforms are for online Forex trading.
Is MT5 banned in UK
In September 2022, Apple removed the MT4 and MT5 apps from the App Store. This will impact new and existing users. New users can no longer download the application, and existing users won't be able to update it in future.
What platform do professional forex traders use
MT4 is one of the most widely used forex trading platforms by professional traders. It offers a range of features and tools, such as technical indicators, charting tools, and automated trading capabilities. MT4 is also highly customizable, allowing traders to create their own indicators and expert advisors.
Why did Apple ban MT5
On September 23, 2022, users found MT4 banned and MT5 banned from the Apple App store. The company simply stated that these MetaQuotes instruments didn't comply with the App Store's review guidelines.
Is MT4 manipulated
Can a Broker Manipulate MT4 Yes. As with other things in the Forex market, MT4 is prone to manipulation as well.
Can a broker manipulate MT4
Can a Broker Manipulate MT4 Yes. As with other things in the Forex market, MT4 is prone to manipulation as well. Therefore, traders must be cautious and keep their eyes open.
Why do traders prefer MT4
In conclusion, MT4 is the preferred platform for most forex traders due to its user-friendly interface, advanced charting capabilities, automated trading, mobile trading, security, and multilingual support. The platform has been around for over a decade, and its popularity continues to grow.
Why MT4 is best trading platform
When it comes to features, MetaTrader 4 stacks up pretty well against the competition. In fact, it provides most of the industry's standard features. In addition, it boasts unique things like automatic trades through its coding language. If you compare it to say, Robinhood, MetaTrader 4 has far more going for it.
What is the disadvantage of MT4
The support system provided by MT4 is very inadequate for most traders. Customer support is one of the weakest aspects of this platform. This could be a significant letdown for novices and expert traders as well. MT4 is also geared more towards organizations than individuals.
What charts do professional traders use
In most cases, based on our experience, most professional traders prefer using candlesticks in trading. A candlestick is a chart pattern that has clear-to-see open, high, low, and high prices.
Which is better MT4 or TradingView
MT4 is strictly for forex trading and has never evolved beyond that. If you want to expand into stock trading, crypto trading or CFDs then MT4 is no good at all. TradingView on the other hand allows you to analyze pretty much anything including currency pairs, commodities, stocks, indices, futures, cryptos and more.
What is the most accurate Forex indicator
Here are the top 10 forex indicators that every trader should know:Moving Average (MA)Bollinger Bands.Average True Range (ATR)Moving average convergence/divergence or MACD.Fibonacci.Relative Strength Index (RSI)Pivot Point.Stochastic.
Why has MT5 been removed
What happened between Apple and MetaQuotes may be unfortunate and could serve as a turning point for users. Currently, traders using iOS devices have to start sourcing for other platforms, while Android users can continue to enjoy using the app as MT4 and MT5 on the Google Play Store.
