MT4 / MT5 Quiz

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Last stored quotes · informational, not trading advice

1. Which is true about MT5 vs MT4?

MT5 supports more order types and timeframes MT5 is older than MT4 MT5 cannot run on Windows MT5 has no charts

2. A "Sell Limit" order is placed...

Below current price Above current price At market price only Without a price

3. A "Buy Stop" order is placed...

Below current price Above current price At market price only Inside the spread

4. In MT4/5, the Magic Number is used for...

Bonus codes Identifying which EA / system placed an order Margin level Login authentication

5. Custom indicators in MT4 use which language?

Python MQL4 Java SQL

6. Which is correct about lot size in MT4/5?

Always rounded down Step size depends on broker (e.g. 0.01 minimum) Always 1 lot fixed Determined automatically

7. "Stop Out" level means...

Maximum profit Margin level at which broker auto-closes positions Bonus eligibility Daily loss target

8. A "Trailing Stop" in MT4/5 typically...

Runs server-side at all brokers Runs in the local terminal — closing it stops the trail Doubles position size Disables stop-loss

9. Hedge accounts vs netting accounts (MT5)...

Are identical Hedge allows multiple positions per symbol; netting collapses them Netting is illegal Hedge requires extra fees

10. Backup of MT4 templates and EAs lives in...

Cloud only MQL4/Templates and MQL4/Experts folders C drive root Email inbox

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