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Metatrader 4 v Metatrader 5

Metatrader 4 is more than enough to get started. Metatrader 5 is better for algo trading because it is multi-threaded.
Also, the industry has been slow to move to MT5 so there is currently more variety of tools and indicators available for MT4.

I hope this helps
 
MT5 is faster and more efficient than MT4, but it doesn't replace the previous platform as it is different and offers more than MT4.
 
I have been using both for years, MT5 is objectively better in all areas, expect most EAs are developed for MT4. But I'm using EAs on MT5.
 

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