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We will explore the most critical aspects for any trader, from charting to automation. MT5 supports a wide array of markets, including forex, stocks, commodities, indices, and cryptocurrencies. The platform is known for its versatility in handling different asset classes. TradingView, in contrast, focuses heavily on ease of use and visual appeal. The platform has a very modern and intuitive interface that is ideal for beginners and intermediate traders. The platform’s web-based design allows for quick access without the need to install software, and it is also compatible with both desktop and mobile devices. On demo yes, but you can sign up with meta trader themselves and get a sort of quasi live account(can’t trade with it) pros y contras revshare and that account is valid all time. Besides there is nothing stopping you from viewing multiple charts on your brokers live account even if you only trade 1 instrument. For FX, TradingView is only effective for charting if your broker is Oanda, FXCM or Forex.com. Good video, learned something although I’ve been on TV for some time. Yes, Pine Script is widely considered easier for beginners as it's designed specifically for creating indicators and simple strategies. MQL5 is a more complex, C++ based language built for high-performance algorithmic trading. MT5 facilitates trading on more instruments, from forex, stocks, and indices to commodities and cryptocurrency. The platform also offers advanced trading functions encompassing comprehensive price analysis, algorithmic trading bots and copy trading signals. MetaTrader 4 is one of the world’s most popular retail trading platforms, suitable for both novice and experienced traders. The platform was developed by MetaQuotes in 2002, though the 2005 version was the first fully stable release which gained significant traction. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most popular retail trading platforms. The information on this website is not intended for distribution to, or use by, any person or entity in any jurisdiction where such distribution or use would contravene local law or regulation. Another key aspect of TradingView is its ability to synchronize across devices seamlessly. Whether you’re working at your desk or on the go, TradingView keeps your workspaces, charts, and settings updated on both desktop and mobile apps. Even novice traders can learn to build custom indicators and backtest strategies. The real value comes from the script-sharing community, where thousands of ready-made tools are available for plug-and-play use. TradingView is often praised for its superior charting capabilities and a vast array of indicators and drawing tools. Its intuitive interface makes it easier for novice traders to navigate. TradingView also offers paid plans that unlock more features and tools for you. The paid plans are Essential, Plus, and Premium, ranging from $12.95 to $49.95 per month or from $155.40 to $599.40 per year. This hybrid approach leverages the strengths of each platform while mitigating their individual limitations. U.S. Government Required Disclaimer – Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Both of these trading platforms have their own pros and cons that we have discussed throughout this guide. Depending on your needs, you can use MetaTrader 4 and TradingView in combination. Comparing MetaTrader 4 and TradingView is not easy because of the diversity that both of these platforms have. While there are many traders who prefer one platform over the other, the final decision is yours to make. Here are 10 essential scripts and indicators that add the modern, quality-of-life features you're missing. For those new to this, a day trading for beginners starter pack of scripts can be a great starting point. The mobile app version of MT4 is primarily for managing trades on the go and receiving alerts from the desktop version of MT4. Custom indicators and EAs also cannot be installed on this platform. For those looking for indicators, you can learn more about where to find or create exclusive best MT4/MT5 indicators. The platform was built from the ground up for automated trading, and its MQL5 programming language is a powerful tool for creating complex trading robots (EAs). MT5's Strategy Tester is another key feature, allowing traders to backtest their EAs on historical data to assess their performance. The platform's ecosystem of EAs is vast, with a massive marketplace of both free and paid trading robots. You don’t pay a subscription fee for TradeLocker itself as a trader. But you pay spreads, commissions and swaps via your broker or evaluation and reset fees via your prop firm. For traders working under strict prop-firm rules, that clarity can be the difference between sticking to a daily loss limit or slipping past it by accident. A clean, visual UI makes it easier to see risk and reward at a glance, execute according to your rules, stay calmer during important decisions. In practice a cluttered, complex UI increases the odds of wrong lot sizes, SL/TP placement at the wrong level (or forgotten altogether) and a slower reaction in fast markets. TradeLocker is primarily oriented towards manual and semi-discretionary trading with TradingView charts, but it does more than that. While that number slowly grows, TradingView is suitable for manual and social trading but inefficient for demanding trading strategies. MetaTrader 4 stands out with its sophisticated automated trading ecosystem centered around Expert Advisors (EAs). These trading robots execute trades based on pre-defined algorithms without requiring constant human intervention. The platform uses MQL4, a specialized programming language designed specifically for creating custom indicators and automated trading strategies. I can access it on any device with an internet connection by simply logging into my account through a web browser. This flexibility allows for seamless trading transitions between my desktop, laptop, and mobile devices. MetaTrader platforms (MT4 and MT5) traditionally require software installation on desktop computers. However, they’ve evolved to offer mobile apps and a WebTerminal solution, though with limited functionality compared to the desktop version. TradingView offers direct trading with approximately 50 connected brokers, fewer than MetaTrader, but this number continues to grow.