metatrader company launched 2 trading software, MT4 bestcashbackprogramsforex MT5, the following to see the differences between the two trading software and the advantages and d Bestforextradecashbackadvantages: a. MT5 platform MT5 platform can be used to increase the number of financial products, in addition to foreign exchange, futures, but also can be applied to stocks, options and other financial products Second, MT5 new features are: 21 kinds of time periods to analyze the market 70 kinds of analytical tools Built-in 38 kinds of analysis indicators built-in 39 kinds of image objects 17 kinds of display indicators style 4 kinds of zoom mode 5 kinds of trading mode embedded trading activity report faster quote analysis and strategy development to provide strategy testers small volume of historical data (10 years of m1 data accounted for only 10MB, while mt4 to more than 100MB); a new addition to the depth of the market data services ( DepthofMarketdata (DOM) to the stock market, for example, DOM service refers to a specific stock to provide stock traders with an overview of the current state of the stock market transactions and the depth of the foreign exchange market news is not generally available to foreign exchange retailers because these foreign exchange retailers do not have a trading center to generate these depth of information, while the best foreign exchange brokers can The new platform has different positions, forexbrokercashback, and trade definitions than MT4. An cashback forex is defined as a request to execute a trading operation. The differences between MQL5 programming language and MQL4 language (these are listed on the official website and may not be the final version of the specifications) 1. goto operator; no triple expressions; 2. History testing may be multi-threaded, allowing simultaneous testing of multiple time periods and simultaneous trading of multiple currency pairs; 3. Direct support for keyboard message processing; 4. Direct Timer mechanism, which means that it is not necessary to wait for the tick to come to start in order to execute it like mt4 This means that you dont have to wait for the tick to come to start in order to execute once, you can precisely execute certain actions at a certain time. 3, bad news MT5 is not compatible with MT4, in other words: MT4 indicators written in MQL4 language or MT4EA cant run in the MT5 environment. First of all: MT5 supports four types of order execution: Market (market Best forex trade cashback transaction), Instant (immediate transaction), Request (specify the requirements for pending orders to be filled), Exchange (I estimate that is closed immediately after the opening of the direction of the single way to place orders) Second: the new trading platform for Order orders, Trade transactions, and the new trading platform. Position order volume of these three concepts will have a specific definition, and strictly distinguish each others functions Order orders. This is a brokerage firm believes that the safer way to execute buy orders and sell orders (probably because there is no slippage in the pending order method it). There are two types of orders: market and pending (market: pending order price and the market price is closer to the way it leads to the immediate market price of the transaction, pending orders to fill) in addition there are two special orders - limit orders and stop-loss orders Trade trading. It refers to the operation that is buying or selling. Buy at the market price and sell at the market price. It is the number of market orders or the number of contracts. A long position is a buying operation that is done in the hope that the price will rise. Short position is a hope that the price falls and do the sell operation, in a margin account can only exist in a position. MT4 platform order volume and MT5 platform order volume difference: In addition to buy orders and sell orders, there are six kinds of pending orders, the following is introduced to you one by one: BuyLimit limit multiple orders: the next buy pending orders, the price of pending orders to be less than or equal to market selling price. This type of order is usually when the market price falls to a certain pre-set price before they will be executed BuyStop stop-loss multi-single: the next buy pending orders, the price of the pending orders to be greater than or equal to the market selling price, this type of order is usually when the market price rises to a certain pre-set price before they will be executed SellLimit limit short single: the next sell pending orders, the price of the pending orders to be greater than or equal to the market selling price. pending order price to be greater than or equal to the market bid price, usually, the price is expected to rise to a certain extent will fall to the sell pending order price we set, which triggers the selllimitSellStop stop loss short order: the next sell pending order, pending order price to be less than or equal to the market bid price, usually, the price is expected to fall to a certain extent will rise to the sell pending order price we set sell pending order price, which triggers sellstopBuyStopLimit stop-loss multiple orders: this way of placing orders is a combination of buystop and buylimit way, he can regardless of the price we want to hang orders and the current price is greater than or less than, as long as we set a price when the market touches this price will be executed SellStopLimit stop-limit short orders: this way of placing orders is a combination of sellstop and selllimit way, he can regardless of the price we want to hang orders and the current price is greater than or less than, as long as we set a price when the market touches this price will be executed when the MT5 platform in a variety of pending orders type all these possibilities give you the flexibility to control all trading activities and execute almost any trading strategy. How is it executed? The displayed parameters of all orders from the platform terminal are sent to an execution server which checks the correctness of the order parameters. Do all parameters (e.g. margin, number of lots placed, etc.) take effect immediately? If any of the parameters do not meet the requirements, the order will be rejected; if they are correct, a trade will be successfully placed in the execution queue; it will then be sent to the market for execution. For example, if we have a position with 1 lot of EURUSD and 1 lot is filled, the order volume will increase to 2 lots. If we close the position with 1 lot of EURUSD at the beginning, the order volume will be closed. In addition to the common order execution orders, order trading operations can also be set in the MT5 platform to choose these settings make the trader operation to choose the type of order, set parameters more convenient above is the difference between the MT5 platform and the MT4 platform, however, 90% of the market is still using the MT4 platform, the main reason is that MT5 is still in the public test, not put into the market use. So for investors who want to trade forex through MT5 should not easily believe that some platforms provide the MT5 platform for trading, MT4 platform is still the most common forex trading platform in the current forex market