Both MT4 and MT5 provide pioneering automated trading systems with expert advisors. However, they each serve a very different function and, contrary to popular belief, MT5 is not an upgrade of MT4. MT4 was specifically built for forex traders, whereas MT5 was designed to provide traders with access to CFDs, stocks and futures. Determine which platform is right for you with this handy infographic. Charts Candlestick There are many candlestick patterns to guide traders to identify bullish reversals, bearish reversals and continuation of the existing trend. Bar Chart There are also few price patterns using bars that reveal the market's sentiment. For example, up day, down day, inside day and outside day. Line Chart The simplicity and ease of use of the line chart sacrifices the extra information of open, high and low price. MT4 Interface MetaTrader 4 is simple and easy to use for forex traders. The platform allows users to customize the interface to their trading needs. MT5 ...
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