A focused platform, by the numbers.
The strongest reason to use MT4 is often continuity: familiar charts, an established workspace or a tool already written for the terminal. Keep a record of your setup before changing computers or reinstalling the software.
| Specification | Value | Practical meaning |
|---|---|---|
| Timeframes | 9 | A compact set of chart intervals |
| Built-in indicators | 30 | A base for technical analysis |
| Graphical objects | 31 | Manual chart annotations |
| Pending order types | 4 | Buy/sell limit and buy/sell stop |
| Automation language | MQL4 | Custom tools and Expert Advisors |
Build a repeatable trading desk.
Keep the chart readable. A few indicators with distinct purposes are easier to interpret than several tools repeating the same input. Save a clean template with the symbol, timeframe and risk controls visible.
A familiar interface is useful. A repeatable process is more useful.EC Trade / Workflow note
Keep MQL4 and MQL5 separate.
An MT4 Expert Advisor belongs to the MQL4 environment. Moving to MT5 is a migration project, not a filename change. Test logic, order handling and assumptions again before running a converted strategy.
Backtests are hypothetical. Price history, spreads, execution assumptions and parameter selection affect results. A smooth curve is not proof of future performance.
The five checks before an order.
| Check | Where to look | Why it matters |
|---|---|---|
| Account number | Client portal | Identifies the trading account |
| Exact server | Account details | Chooses the login environment |
| Demo or live | Account mode | Virtual funds or real money |
| Volume and contract | Ticket / symbol specification | Shows the actual position size |
| Stop and target | Order ticket | Defines intended exits |
A stop order is an instruction, not a guaranteed execution price. Gaps can affect fills.
If a login fails, first check the account number, server, platform and trading password. The portal login and terminal login serve different purposes.
Your questions, answered.
How many timeframes does MT4 offer?
MT4 offers 9 predefined chart timeframes.
How many built-in indicators are included?
MetaQuotes lists 30 built-in technical indicators.
Can I move an MT4 EA directly to MT5?
MQL4 and MQL5 are different environments. Code may need adaptation and fresh testing.
Why does my MT4 login fail?
Check your trading account number, assigned server, platform and trading password. Confirm the account is active.
Is MT4 better than MT5?
Choose by workflow. MT4 has an established MQL4 ecosystem; MT5 adds desktop analysis and testing features.
Sources and scope
Reviewed 15 October 2026. Product terms are regional; confirm the entity, platform and instrument in your client portal.