MT4 vs MT5: Which is better?
Confused about choosing the right platform for your trading? You’re not alone! Many traders wonder whether they should use MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Both platforms are widely popular, and most top-ranking forex brokers offer both. But the question remains: MT4 vs MT5 – which one should you choose?
At EA Trades, many clients ask us whether they should buy our forex EAs for MT4 or MT5. The short answer is: it doesn’t matter—because our EAs are developed with the same strategies for both platforms. But since this question comes up often, let’s break down the differences, similarities, and our recommendations.
Similarities Between MT4 and MT5
Platform Appearance
Both MT4 and MT5 come with a very similar interface, built-in indicators, and methods of trading. Both of them are user friendly and easy to use but choose the one you’re comfortable with.
Live Trading:
Our EAs run with exactly the same strategy on both MT4 and MT5. That means your live trading results won’t differ no matter which platform you use.
Backtesting:
For our EAs, such as the Hedge Scalper EA or the Never Losing EA, should work perfectly on backtest on both platforms However, for the Forex Correlation EA, uses a multi pair hedging so it needs a multi pair backtesting platform which is not possible on MT4 while MT5, on the other hand, handles it smoothly by allowing multipair backtesting.
Custom Set Files:
Set files has same format and you can use a common set file on both platforms if the EA is exactly same.
Key Differences Between MT4 and MT5
Programming Language
- MT4 uses MQL4.
- MT5 uses MQL5.
This difference doesn’t affect you as a trader—because EA Trades codes both versions professionally.
Backtesting
- MT4 does not support multi-pair backtesting, so you can’t backtest the Correlation EA properly.
- MT5 supports multi-pair backtesting, making it more powerful for strategy testing.
EA Prices
At EA Trades, the pricing may vary between MT4 and MT5 versions due to coding complexity and workload. But rest assured, the core strategy and performance remain the same.
Our Recommendations
- For Hedge Scalper EA and Never Losing EA → we recommend MT4.
- For Forex Correlation EA → we recommend MT5 (because of multi-pair backtesting support).
Changing Broker Trends
Some brokers are already switching from MT4 to MT5, and a few have even stopped offering MT4 accounts altogether. If that ever happens and your broker discontinues MT4, don’t worry—if you’ve purchased an MT4 EA from us, you can contact us and we’ll switch your EA to MT5 for free.
MT4 vs MT5: The Final Verdict
Both platforms are excellent and reliable for trading. The choice depends on:
- MT4 → Best for forex traders who want simplicity and compatibility.
- MT5 → Best for advanced traders, stock/commodity traders, and those who use multi-pair EAs like the Correlation EA.
So feel free whether you choose MT4 or MT5, our forex EAs work seamlessly on both platforms, focus on your trading without worrying about our forex EA compatibility. because ea trades offers the best forex EAs with verified results. if you don’t have any of our EA, you can order now.
You may learn more about our forex EAs
But if you still have any question, you can write in the comments below or you may contact us for any suggestion or question.
