MT4 vs MT5?

[Turveyd]

MT4 is Basic like, with C Structure, which works better for me, not coding in C in atleast 20years and never really liked it, it's a making something harder for no reason, kinda language.

 

[ph1l]

This is harder than I thought just finding a broker that meets my needs... Apparently, a lot of the Forex brokers don't accept clients from the United States due to regulations of U.S. Law.

So what I need from a Forex broker is... the ability to use MT4 and MT5, and a downloadable platform on both desktop and mobile, and that I can run EA's on. And that works in the United States. Can anyone suggest one?

There are a few brokers listed on https://fx-list.com/brokers-for-us-traders that claim to support MT4 and MT5 and accept U.S. traders.

 

[ph1l]

I'm hoping to buy EA's and edit the scripts if necessary. I haven't done any computer programming since the late 1990's and that was just simple HTML.

https://www.mql5.com/en/code/mt4

MQL4 Source Code Library for MetaTrader 4

The largest library features codes of free trading Expert Advisors, technical indicators and scripts. With the available applications you can trade in automated mode and analyze price dynamics. Use the library of codes to learn more about financial market sentiments.

Download free applications, test them and run in your MetaTrader 4. You can access them from the MetaTrader 4 platform and the MetaEditor development environment.

https://www.mql5.com/en/code/mt5

MQL5 Source Code Library for MetaTrader 5

This is the largest free source code library for MetaTrader 5 platform programs. Here you can find ready-made Expert Advisors, technical indicators, scripts and libraries. Use the code library when learning MQL5 language and develop your own automated trading applications based on the provided codes.

You can freely download and test published codes, as well as launch them in MetaTrader 5. The library is also available directly from MetaTrader 5 platform and MetaEditor development environment.

 

[christielowe]

I thought MT4 was shite recently tried multicharts ( memory hog to the max ) and Ninjatrader there both really expensive compared to free and there just shit, clucky slow badly written and no Android/Apple versions, useless.

Did you have to pay for MT4, I am very confused here, I thought it was free!

 

[Johannab]

Did you have to pay for MT4, I am very confused here, I thought it was free!

It is free. I didn’t have to pay a penny for it, just downloaded it onto my PC. using it for my ig and fxview accounts. Even on the phone it works fine.

 

[christielowe]

It is free. I didn’t have to pay a penny for it, just downloaded it onto my PC. using it for my ig and fxview accounts. Even on the phone it works fine.

And for trading other assets then you might be using some other platform, because mt4 does not support much.

 

[Johannab]

And for trading other assets then you might be using some other platform, because mt4 does not support much.

That’s true, but I am only interested in forex as of now so for that I am getting perky returns on mt4 on fxview so I am good. Spending costs are low, my strategy seems to be working, why bother going into a different direction

 

[gertruderoberts]

For forex trading, I only use MT4. I think it is simple, flexible, and I can customize it in accordance with my requirements.

 

[mlawson71]

I use MT4 as well. I find it pretty intuitive to use.