Majdak announced that it would not update MT4, calling on everyone to use MT5. However, at present, 90% platforms in the world foreign exchange market are still using MT4. After all, MT4 platform has stable performance and can meet the needs of platform manufacturers. There is a big difference between the two: MT4 does not limit the number of accounts, while MT5 is in the testing stage, limiting 25,000 accounts;

The routing function of MT5 can actually meet the needs of the majority of risk control. The details are as follows:

Function 1: Delay order arrival time

Wind control sunflower collection, delay the entry of orders. MT5 has the only right to set the order delay entry, for example, it can set the delay entry for 2 seconds. However, please note that all time settings need to be in milliseconds.

Function 2: Delayed Quotation Quantity

For example, if we set the delay to 5, then when the order comes into the market, we need to wait for 5 quotations, and after 5 quotations have passed, we will use the sixth quotation to close the deal.

Function 3: Clearance and profit taking

Automatically clear the take profit price of pending orders.

Function 4: Clear Stop Loss

Automatically clear the stop price of pending orders.

Function 5: Send an order to the dealer

Pending orders will be automatically sent to dealers for processing.

Function 6: Send the order to the online dealer.

Pending orders will be automatically sent to online traders for processing.

Function 7: Order Rejection

Function 8: Re-pricing

Even if it is a limit order, the first market price should be sent to the order.

Function 9: Determine Limit Order

Deal is made at the price required by the order.

Function 10: Market price transaction

Close the order at the current market price.

These simple functions are very practical for the risk control team. MT5 has added many new functions on the basis of MT4, which can be said to be a more perfect version of MT4.

Welcome to continue asking questions!

SY Traders Consulting GmbH (SY-TECH) is a German financial technology company, which provides one-stop services for foreign exchange platform construction, including: MT4/5 foreign exchange platform construction, overseas company registration, bank account opening, financial license supervision, back-office operation and maintenance, technical consultancy, etc. SY-Tech escorts your platform operation with 7×24 thoughtful service and professional operation and maintenance technology!