MT5 offers a broader range of charting tools than MT4, including more than 80 technical indicators and more than 20 analytical objects. MT5 offers more timeframes for charts than MT4, including 2-minute, 8-hour, and 12-day charts.
So, backtesting is more accessible, and more assets you can trade on MetaTrader 5.
Can I Use Metatrader 5 with HF Markets?
Yes, you can use MetaTrader 5 platform with HF Markets. You can download it from the HFM website MT4 and MT5 platforms. When you create an account, you must choose an MT5 account as the preferred trading account and transfer funds.
This advanced platform is a powerful and comprehensive suite of tools that provides traders access to all the features they need for successful trading. With MT5, traders can access more than 500 markets across multiple asset classes, including currencies, indices, commodities, equities, options, and cryptocurrencies. Additionally, MT5 includes multiple charting types to help traders make better-informed decisions about their trades.
Please watch my video about MT5 and MT4 account differences:
For those looking for a platform that offers advanced technical analysis capabilities, MT5 also provides an array of built-in indicators and customizable Expert Advisors (EAs) to automate trading decisions. Furthermore, traders can benefit from the in-depth economic calendar and market news feed which helps keep them up-to-date on global financial events. Moreover, the sophisticated backtesting feature allows users to test strategies before implementing them in market conditions.
In addition to these advanced functionalities, users of HF Markets can also take advantage of tighter spreads and faster execution speeds when using MT5. Since HF Markets is an ECN broker with no dealing desk execution model, orders are executed directly in the interbank market for greater liquidity and better pricing. Coupled with low fees and commission charges plus a range of bonuses on deposits, including free VPS hosting services for certain account holders, many traders prefer using HF Markets with MetaTrader 5.
Please read the HF markets review to learn more about HF markets accounts.
He is an expert in financial niche, long-term trading, and weekly technical levels.
The primary field of Igor's research is the application of machine learning in algorithmic trading.
Education: Computer Engineering and Ph.D. in machine learning.
Igor regularly publishes trading-related videos on the Fxigor Youtube channel.
To contact Igor write on:
igor@forex.in.rs
