Should i upgrade my EA to MT5

[shanmugapradeep]

Hello,

I have an EA for MT4. Is there any advantage in algo trading with MetaTrader 5 instead of MetaTrader 4? Based on your advice, I will decide whether to convert my EA from MT4 to MT5. If there is no significant difference between MT4 and MT5, I will continue with MT4.

 

[Komondar]

Hello,

I have an EA for MT4. Is there any advantage in algo trading with MetaTrader 5 instead of MetaTrader 4? Based on your advice, I will decide whether to convert my EA from MT4 to MT5. If there is no significant difference between MT4 and MT5, I will continue with MT4.

MT5 offers several advantages over MT4, including faster processing, more types of orders, access to market depth, a better strategy tester for EAs, and an advanced programming environment with MQL5. It supports more markets beyond Forex and CFDs.

 

[VasilTodorov]

if you are working good with mt4 why do you want to change it? just stick to what is working

 

[shanmugapradeep]

if you are working good with mt4 why do you want to change it? just stick to what is working

I thought Maybe MT5 can improve something like Performance, speed, execution, etc

 

[Komondar]

I thought Maybe MT5 can improve something like Performance, speed, execution, etc

Then it makes sense to try switching to MT5

 

[CallahanSinclair]

MT5 has some some more advanced features like more indicators and tools, but I use MT4 and it works fine for me. So, I don't really see a huge difference between them for what I need.