What Is The Difference Between MT4 And MT5?

MT5 is known as the upgraded adaptation of MT4 and many traders choose MT5 because of how efficient it is.

• Question 01

  What is one key difference between MT4 and MT5 platforms?

  Your Answer

  • A.MT4 has more charting tools

  • B.MT5 has a limit on the number of symbols that can be listed

  • C.MT5 offers more trading instruments

  • D.MT4 offers more pending order types

• Question 01

  What is one benefit of MT5 over MT4 regarding charting capabilities?

  Your Answer

  • A.MT5 offers fewer graphical objects

  • B.MT5 provides access to more timeframes

  • C.MT5 has a hard limit on the number of symbols that can be listed

  • D.MT5 offers fewer technical indicators

• Question 01

  How many timeframes can charts be represented in MT5?

  Your Answer

  • A.9

  • B.17

  • C.21

  • D.25

• Question 01

  What does the MT5 platform offer in terms of technical indicators?

  Your Answer

  • A.44 built-in technical indicators

  • B.30 built-in technical indicators

  • C.38 built-in technical indicators

  • D.21 built-in technical indicators

• Question 01

  Which platform offers a wider selection of pending order types?

  Your Answer

  • A.MT4

  • B.MT5

  • C.Both platforms offer the same number of pending order types

  • D.Neither platform offers pending order types

• Question 01

  What advantage does MT5 offer traders in terms of symbols that can be listed?

  Your Answer

  • A.It has a hard limit of 1024 symbols

  • B.It has no limit and can accommodate hundreds or thousands of symbols

  • C.It only allows forex-based instruments

  • D.It offers fewer financial markets to trade in

• Question 01

  What is the significance of MT5's economic calendar feature?

  Your Answer

  • A.It provides access to real-time market prices

  • B.It allows customization of trading robots and technical indicators

  • C.It helps traders track macroeconomic events and their impact on the market

  • D.It facilitates manual trading

• Question 01

  What feature is unique to MT5 regarding order types?

  Your Answer

  • A.It offers buy stop, buy limit, sell stop, and sell limit orders

  • B.It offers buy stop, buy limit, sell stop, sell limit, buy stop limit, and sell stop limit orders

  • C.It only offers buy stop and sell stop orders

  • D.It only offers buy limit and sell limit orders