MT4 / MT5 Quiz

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

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

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

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

Python MQL4 Java SQL

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

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

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

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

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

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