#MT5

MT4 vs MT5 for gold trading — my honest take after 10 years: MT4 wins on: • EA ecosystem — 90% of gold EAs are MT4-only • Community support — more forums, more tutorials • Lower resource usage — runs on anything • Familiarity — you already know where everything is MT5 wins on: • Speed — 64-bit engine, faster backtesting • Depth of Market — see gold order flow • More timeframes — 21 vs 9 • Better order management — partial fills, stop limit orders My verdict: If you trade manually and use custom indicators, stay on MT4. If you're algorithmic or need DOM for gold futures, move to MT5. Both work fine for retail XAUUSD trading. The best platform is the one you're consistent on.

MT5 features that gold traders underutilize: 1. Market Depth See the order book for gold CFDs. Large buy/sell walls at key levels tell you where institutions are positioned. 2. 21 Timeframes MT4 has 9. MT5 has 21 — including 2-hour, 3-hour, and 4-hour which are actually the most useful for XAUUSD day trading. 3. Built-in Economic Calendar No need for a third-party plugin. See NFP, FOMC, and gold-related events directly in the platform. 4. Advanced Order Types Buy Stop Limit, Sell Stop Limit — useful for breakout trading on gold during high-impact news. 5. Multi-Asset in One Account Trade XAUUSD, gold futures, gold ETFs, and mining stocks all from the same MT5 account with a multi-asset broker. If your broker offers MT5 and you trade more than just XAUUSD spot, it's worth the switch.

Switched to MT5 for XAUUSD trading 3 months ago. Here's what changed: Speed: Order execution is noticeably faster. Market execution with partial fills means I don't get slipped as much during news events. Depth of Market: Being able to see the order book for gold futures gives context that's invisible on MT4. When I see a wall at 1950, I know where the resistance really is. Timeframes: MT5 has more built-in timeframes which helps for multi-timeframe analysis without needing extra templates. Hedging: True hedging is native to MT5. On MT4 you need to enable it and it's clunky. The learning curve is real, especially if you've been on MT4 for years. But for active gold traders, the upgrade is worth it if your broker supports it. Anyone else made the switch? Thoughts?

Been running EBC's MT5 for the past 2 weeks alongside my usual setup. What stands out: • Execution: 30ms avg on XAUUSD — fills are clean even during NFP • Depth of market: Shows top 5 levels, enough for gold scalping • Spreads during London: 0.12-0.18, no surprise widening at 2pm rollover • Platform stability: Zero disconnects in 14 days (using London server) The MT5 integration with EBC's pricing engine gives you the same raw spreads as their MT4 but with better order management (partial fills, trailing stops on the server side). If you're comparing brokers purely on execution quality for gold, add EBC to your demo list. Test it during your trading session — don't take my word for it. Has anyone else here tried EBC's MT5 for XAUUSD scalping? Curious about other experiences.