Today introduces the MT4, MT5 and cTrader these three software transaction, the transaction must have contact with the people of these three software certainly are not familiar with it, MT4 first come, what makes MT4 traders to become the most popular software it ? Below the KlipC thin to be for everyone.
MT4 and MT5 difference
MetaTrader 4 (abbreviated MT4) issued by MetaQuotes Software Corp., tailored specifically advanced online trading platform for financial intermediaries; and MT5 its stability and speed have further improved, the purpose is to get the best investors in the transaction the client terminal and more services.
1, transaction types
Outside MT5 includes not only the MT4 platform support gold futures added options, stocks, CFD trading products.
2, different positions account system
MT4 only Lock (hedging) support the same kind of multi-pen position and reverse positions; MT5 can Lock and unilateral NETTING SYSTEM (a net), mainly in the so-called unilateral position mode using the exchange market, traders at any time only You can hold a financial instrument sum of positions.
3, pending a different category
MT4 supports four types of pending order: Buy limit, Buy stop, Sell limit, Sell stop; while pending MT5 supports six types: Buy limit, Buy stop, Sell limit, Sell stop, Buy stop limit, Sell stop limit.
4. Lock it or not
Lock generally refers to investors after the sale and purchase agreement, when the operation of the market with their opposite trend, with the original opening new positions opposite positions, MT4 has a Lock function, and MT5 no this function.
MT4 advantages:
1, powerful, and flexible single
MT4 allow investors to second speed without slippage flexible as the next single, prevent financial losses due to slippage caused by the waste of time and fluency play a large role in the transaction. In addition, MT4 can also allow investors to set the stop price, as market conditions to achieve, you can stop accurate and timely execution to avoid investors bear more losses.
2, the interface is intuitive and free
MT4's interface is simple, simple, intuitive and clear, investors can quickly convert to the interface you want to see in the novice investor who is easy to use, for the market to face a powerful feature and free MT4 software will be enormous temptations.
3, support for technical analysis
MT4 provides charts and technical indicators can analyze trends, to meet the needs of individual investors, they can also use the MT4 trading platform to develop a personalized trading charts have personal traits, so that the investor analysis on the currency markets even easier.
4, MT4 provides many ready-made solutions
Each platform has its own specific language MQL4 or MQL5 programming a robot, there are many ready-made solutions written in MQL4 language on the Internet, any novice trader can use them to copy and replicate signal experienced user's policy.
MT5 advantages:
1, forced liquidation point
If the client margin level is less than or equal to 20%, the system will operate with open orders for all products, with the loss of a large proportion of the product to be forced open.
2, open function
Automatically orders the same product in the same direction together, so customers can choose the number of lots open or close all positions at the time of closing, and can not be open to a single individual each. (Because at the same time open and Jiancang, for example, to buy a hand positions, if sold after 5 hand, it will first open a hand and sells four hands).
3, backtracking function test
MT5 backtesting feature can be programmed to perform a test trading strategies faster, if you need to run the kind of extensive testing program traders or backtesting multi-currency pairs, so that you can save a lot of time.
The difference between cTrader and MetaTrader
1, trading patterns
cTrader known execution is no background, no dealer intervention mode (referred to as NDD), it can directly enter the market. The technology is not among traders, open and transparent, Spotware application program interface (API) to connect directly to the platform via FIX cTrader liquidity provider or integrator, which may interfere middle of the problem does not exist, no re-quotes, orders without any delay but cTrader contrast Metatrader most obvious advantage is its market depth feature, open source API (oPEN API) and comes with a single system.
The focus on MT4 EA trading robot system that can overcome the weaknesses of human nature in the transaction, to avoid the emotional operation, 24 hours a day can be a smart deal, traders can also be prepared by EA for specific individuals based on their trading style, experience, wisdom EA intelligent automated trading programs written in intelligent trading programs, or to buy investment guru, so that each transaction needs are met.
2, download and install the broker selection
Another big difference between their cTrader and MetaTrader platform type, MetaTrader 4 and 5 need to download and install them on the user's computer. The cTrader platform was originally designed as a network, making it easy to access directly from each browser. In addition, MetaTrader provide only a basic application, the trader needs to choose his broker from the list, and cTrader mobile application is assigned to the designated broker, cTrader also to meet the needs of users of different operating systems, and for the MAC specially prepared a desktop application.
3, allows the customization options
platform white label modes, which allow moderate customization, such as adjusting the appearance of the platform based on the needs of brokers (adjust the settings, function and layout).
MetaTrader connection also allows custom plug-ins and support applications, for those who plan to start their own business and want to establish their own brands in a very stable and proven technology based on the primary broker, this is a very convenient solution. And added to each extended cTrader must be developed by Spotware team, brokers can only put forward the demand for additional functionality.
4, market depth
From the perspective of the trader's point of view, another important aspect is the order book view. Market depth view of the liquidity facility can be understood, and to accurately price transactions. On this issue, cTrader depth assessment by providing three options (standard, price and VWAP) of absolute dominance, which is very useful for traders who use pending order, cTrader market depth display directly from liquidity providers full range of executable prices, high liquidity, low latency asynchronous spot prices and low spreads together to ensure that the trading environment for all species.
MetaTrader5 provide depth data transaction, each transaction includes a time direction, price and volume records, the transaction amount is displayed as a histogram with different directions of the color code transactions:
Time trading volume provides a detailed view transaction activity, buyers and sellers can show the growing importance of the corresponding securities prices rise or fall, trading volume and speed of execution of the transaction implies that information, as well as the price level of individual market participants . Although the amount of time and options trading is mainly used for day traders, but it will also provide useful data for long-term willingness of Traders several days, in addition to visual analysis of time and volume, this specific data can also be exported to CSV file to use third-party applications for further analysis.
cTrader advantages
1, graphical analysis
cTrader platform contains the most popular may be combined, modified indicators and oscillators, traders can create transaction scripts, cTrader chart has 14 standard time zones to accommodate different traders, even required most traders can meet.
2, advanced trading technology
cTrader platform can simultaneously handle hundreds of orders, and will offer unlimited updates brokers can show accurate and real-time market depth to traders, because these are also cAlgo be welcomed, cAlgo becoming increasingly popular, but also because cTrader technology.
3, cloud services
cTrader Web version offers all the same features of desktop applications and traders through any modern web browser and even mobile phones to log in to your account, you can store your favorite signal, chart module, and the entire work space, cloud deal experience also allows you to receive a lot of e-mail account-related activities reminder.
Metatrader 4 has been published for more than 10 years, but still occupy a large part of the market. Through forums and media reports, some customers still complain about the shortcomings of MT4, such as order execution delay, feeling like back in the 1990s, brokers can also purchase additional third-party plug-ins to undermine the implementation of their transactions. From the broker's perspective, MT4 also has bad side, such as limited risk function, lack of network support and network back-office integration. MT5 there is already more than five years, but more a lack of acceptance in the market due to EA trading need to completely re-encoded before experienced user's policy can not continue to use.
Klipc and from all over the world, especially after the Asian and European traders conversation, widely believed Metaquotes's MT5 software should provide a more favorable trading environment for traders, such as providing more risk management and analysis tools, as well as easy to copy Trading straregy. Without the proper tools to guide them favorable transaction, then no amount of trading products for customers are not very important.