Simple table comparing the difference between MT4 and MT5

MetaTrader has two types, MT4 and MT5. MT4 is a highly functional graphical software released in 2005, MT5 launched in 2011 is considered a new version of MT4.

However, MT4 and MT5 operate on completely separate systems, so incompatibility between MT4 and MT5 is a downside.

The table comparing the difference between MT4 and MT5

FeaturesMT4MT5
Time frame9 frames
(1 minute, 5 minutes, 15 minutes, 30 minutes, 1 hour, 4 hours, 1 day, 1 week, 1 month)
19 frames
(1 minute, 2 minutes, 3 minutes, 4 minutes, 5 minutes, 6 minutes, 10 minutes, 12 minutes, 15 minutes, 20 minutes, 30 minutes, 1 hour, 2 hours, 4 hours, 8 hours, 12 hours, 1 day, 1 week, 1 month)
ExecutionSlow
Memory card consumption is low so PC does not have to be highly functional
Fast
Memory card consumption is low so PC should be highly functional
Changing indicatorDifficult to changeEasy to change for each folder
IndicatorIt is possible to use dedicated indicator for MT4Can use dedicated indicators for MT5
(Indicators on for MT5 is less than on MT4)

In addition, it was not possible to use Strategy tester on MT5 a few years ago MT5 but now it is ok.

MT4 and MT5 are incompatible

As mentioned above, since MT4 and Mt5 have separate systems, there is no compatibility. Therefore, it is not possible to log into MT5 using MT4 account, if you want to use MT5 you need to open a dedicated account for MT5.

In addition, the EA and the indicators used on MT4 can not be used, on MT5 so it is necessary to use the MT5 indicators. And this is also a disadvantage of MT5.