Both MT4 and MT5 are the official versions created and distributed by MetaQuotes Software. The new MT5 version is considered to be superior for stock trading and order management, while the older MT4 platform is considered to be superior for forex trading. As a matter of fact, most retail traders will notice little difference between the two platforms. They both provide the basic trading functions and features needed to trade successfully.
On a strictly technical basis the answer has to be yes. The Expert Advisors and robots created in MetaTrader 5 are nothing more than tools. That said, like any tool they are only as good as they’ve been created. And they are only good for the purpose they been created for. You wouldn’t try to use a hammer to turn screws and by the same token you can’t expect an Expert Advisor to do anything it wasn’t programmed to do. So long as it was programmed well, and is being used properly, algorithmic trading can be very successful. If it wasn’t there wouldn’t be so many algorithms being created.
One of the benefits of using MetaTrader 5 as your trading platform is that it is free to use. With our demo account you can download it and begin analysing assets immediately. Many traders are very surprised by this since MetaTrader 5 provides so much value to traders. We don’t believe you should have to pay for the tools you need to trade though. We’re making trading easily available to everyone, and one part of that mission includes offering MetaTrader 5 for free to anyone who wants or needs it.
You would think that since it is the newest version of the MetaTrader platform that MetaTrader 5 would be superior to MetaTrader 4. And yet there are more traders out there still using MetaTrader 4. That’s because the two are actually geared towards different kinds of trading. MetaTrader 4 was created for forex trading, and it excels at that market. MetaTrader 5 was created as a multi-asset trading platform, and it is typically better when trading in assets other than currencies. It has more order types and more indicators, and allows for the detailed analysis of any type of asset.
Not only does MetaTrader 5 facilitate trading currencies, it also allows for stock trading. And AvaTrade has hundreds of top listed shares available to trade as CFDs on MetaTrader 5. The broad selection of analysis tools and detailed order types makes the MT5 platform ideal for stock traders of all types. You can even set up automated trading of stocks, which can be very useful in capturing breakout moves, or trading range-bound stocks. MetaTrader 5 is the state-of-the-art trading platform that’s perfect for trading all asset types, including stocks.