The successor to MT4 from MetaQuotes, MT5 was released in 2010. MT5 has a number of additional functionalities compared with MT4, notably in MT5 mobile but also extra timeframes in MT5 desktop. Uptake of MT5 has generally been limited because it uses a different programming language from MT4; any system for algorithmic trading used on MT4 can’t be transferred to MT5 without recoding.

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