How do I open an MT4 file in MT5?

Press the F4 key and open the MetaEditor you find that the MT4 client terminal is open. After you've successfully downloaded the MT5 desktop terminal from the desired broker, open the MT5 client's instance.

Can MT5 run MT4 indicators?

No, MT4 indicators don't work on MT5.

Do EX4 files work on MT5?

You cannot install ". ex4" files on MetaTrader v5, only MetaTrader v4. So do not download MetaTrader v4 from the MetaQuotes site.

Can I install MT4 and MT5 together?

By default you are unable to run more than one MT4/MT5 platform from the same place at the same time. If you wish to run two instances of MT4 or MT5 platform on your PC, you will need to install a second instance of the platform but in different directories on your PC.

How do I add files to MT5?

Open MT4, go to File>Open Data Folder, then select MQL4/5>'Experts' or 'Indicators' and paste your MQL4/EX4 or MQL5/EX5 file in this folder.

How to Install an .ex4 File in MT4( MetaTrader 4) in the fastest way possible.

How do I open a EX4 file?

To open an EX4 file in MetaTrader 4, the file must be placed in the "Indicators" folder. You can then open the file by clicking the Editor tool in the MetaTrader 4 toolbar, selecting the "Indicators" folder in the left "Navigator" panel, and then choosing the appropriate EX4 file.

Is MT4 and MT5 the same?

MT4 is designed for CFD forex instruments, whereas MT5 is an all-in-one state of the art multi-asset trading platform, covering both centralised and non-centralised financial markets, including, stocks, futures and FX trading instruments. MT5 is faster and more efficient than MT4.

Why do I get MT5 instead of MT4?

MT4 was built to trade Forex while MT5 was designed to allow easier trading in non-Forex CFDs. They use different programming languages and MT5 allows faster back testing than MT4. MT5 also allows a DOM (depth of market functionality) and is technically supported by MetaQuotes, unlike MT4.

Is MT4 being discontinued?

MT4 will discontinue support to platform builds below 1320

Beginning 1 October 2021, they will be no longer be able to connect to their trading accounts. ThinkMarkets clients who need to update their MetaTrader 4 platform are instructed to go to their ThinkPortal room and locate the "Platforms" section.

How do I add indicators to mt5 mobile?

Adding Indicators

on the top panel of the chart or in the radial menu. If the chart has no indicators, a list of available indicators will open. The selected indicator will be applied to the active chart window. next to the required window to go to the list of available indicators.

How do I convert MQ4 to EX4?

How to Convert an MQ4 File. MetaTrader 4 converts MQ4 files to EX4 automatically when you import the file into the Indicators folder. If you have MetaTrader open when the file is copied into that folder, close and reopen the program to generate the EX4 file.

How do I add custom indicators to MT4?

Why do traders prefer MT4 over MT5?

MT4 was designed specifically for forex traders, and its features and functionality reflect this. For this reason, MT4 is the preferred software platform for traders primarily focused on the forex market. MT5 has broader applications in contract-for-difference (CFD), stock, and futures trading.

Which is better for beginners MT4 or MT5?

Both MT4 and MT5 have an easy-to-use interface with a few differences: MT4 is comparatively simpler and easier to use. It allows traders to customise the interface of the platform as per their individual trading needs and goals. MT5 is more complex as it consists of more trading features and markets.

Can you trade forex on MT5?

With the MetaTrader 5 mobile platform, you can trade on the Forex market any time and anywhere. Download the mobile application for free, and take your trading account with you wherever you go!

Can I trade bitcoin on MT4?

Using the MetaTrader 4 and 5 platforms, you can trade Bitcoin CFDs from your laptop, mobile and tablet devices with spreads from US$80 for Bitcoin and US$2 for Bitcoin Cash.

Which broker uses mt5?

What is better than mt5?

We have compiled a list of solutions that reviewers voted as the best overall alternatives and competitors to MetaTrader 5, including thinkorswim, eToro, E*Trade Web Platform, and Active Trader Pro.

How do I open a MQ5 file?

MQ5 files can be opened and edited by MetaEditor, an editor for creating trading robots and technical indicators and included with MetaTrader. MetaEditor can also compile MQ5 files into EX5 Expert Advisor files, which are programs for automating the trading and analytical processes in MetaTrader.

What is script in MT4?

Script is a program written in MetaQuotes Language 4 (MQL4) and intended for a single performing of any actions. A script can fulfil both analytical and trading functions. Unlike experts, scripts are executed on request, not by ticks.

How do I edit ex4 files?

You cannot edit a ex4 file without decompiling/recompiling. If you can get the source mq4 file, then you could edit it and compile to a valid ex4 with MetaEditor.