What are the Differences between MetaTrader 4 & MT5 Bitcoin Platforms?

MetaTrader 4 vs MetaTrader 5 Bitcoin Platforms Difference

MetaTrader 4 & MT5 platforms are electronic bitcoin platforms used by bitcoin traders to place bitcoin trades online. However, MT4 platform is primarily used for retail bitcoin trading while MT5 is used as a multi asset bitcoin software for trading stocks, stock indices, CFDs, commodities, equities in addition to instruments.

MetaTrader 4 software provides traders with 9 bitcoin chart timeframes while MT5 software provides traders with 21 bitcoin chart timeframes.

MetaTrader 4 software provides traders with 30 in built bitcoin technical indicators while MT5 software provides traders with 38 in built bitcoin indicators.

MetaTrader 4 software provides traders with 31 bitcoin charts tools while MT5 software provides traders with 44 bitcoin chart tools - with additional tools such as Elliot wave drawing bitcoin tools.

MetaTrader 4 platform does not provide a bitcoin economic calendar to bitcoin traders while MT5 software provides traders with an economic calendar which alerts bitcoin traders when bitcoin news reports are about to be announced.

MetaTrader 4 platform does not provide depth of market DOM, to bitcoin traders while MT5 software provides depth of market DOM, to bitcoin traders which allows bitcoin traders to view where bitcoin bids and bitcoin offers are priced in the bitcoin market.

MetaTrader 4 platform uses Meta Quotes Language 4 or MQL4 for coding bitcoin automated EA, bitcoin robots while MT5 platform uses Meta Quotes Language 5 or MQL5 for coding bitcoin automated EA, bitcoin bots. Bitcoin trading EAs that are programmed using MQL4 Language are not compatible with MQL5 Language meaning MetaQuotes Language 4 or MQL4 EAs can not be used on MetaQuotes Language 5 or MQL5 coding environment used by MT5 platform.

MQL5 programming language is easier to use as compared to MQL4 coding language which requires more coding functions to complete each bitcoin trade operation when compared to MQL5.

MT4 bitcoin EAs cannot be used on MT5 and MT5 bitcoin EAs can not be used on MetaTrader 4.

MetaTrader 4 software provides traders with four pending bitcoin order types: buy stop, sell stop, buy limit and buy stop bitcoin pending orders- while MT5 software provides traders with six pending bitcoin order types: buy stop, sell stop, buy limit, buy stop, buy/sell stop & buy/sell limit bitcoin pending orders.

MetaTrader 4 software provides traders with hedging while MT5 software provides traders with hedging & netting. Netting is combining of new added bitcoin orders to the already opened bitcoin orders which are similar.

MT5 platform is faster than MT4 software. MetaTrader 5 platform is 64 bit multi threaded bitcoin platform while MT4 platform is 32 bit single threaded btcusd crypto platform.

What are the Differences between MT4 and MT5 Bitcoin Platforms? - MT4 vs MT5 Bitcoin Platforms Differences - MT4 vs MT5 Bitcoin Platforms Difference.

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What are the Differences between MetaTrader 4 & MT5 Bitcoin Platforms?

MetaTrader 4 vs MetaTrader 5 Bitcoin Platforms Difference