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Please find below the comparison and the differences between the two:
| MetaTrader 5 | MetaTrader 4 |
| Partial order filling policies | |
| ✓ | ❌ |
| Order filling policy | |
| Fill or Kill Immediate or Cancel Return | Fill or Kill |
| Pending Order Types | |
| 6 | 4 |
| Depth of Market | |
| ✓ | ❌ |
| Time&Sales (Exchange data) | |
| ✓ | ❌ |
| Technical Indicators | |
| 38 | 30 |
| Graphical Objects | |
| 41 | 31 |
| Timeframes | |
| 21 | 9 |
| Economic Calendar | |
| ✓ | ❌ |
| Email System | |
| ✓ (with attachments) | ✓ (no attachments) |
| Embedded MQL5. community chat | |
| ✓ | ❌ |
| Strategy Tester | |
| Multi-threaded + Multi-currency + Reak ticks | Single thread |
| Multilingual Unicode | |
| ✓ | ❌ |
| Netting | |
| ✓ | ❌ |
| Hedging | |
| ✓ | ✓ |
| Symbols | |
| Unlimited | 1024 |
| Supported Markets | |
| Forex / Futures / Options / Stocks / Bonds | Forex |
| Exchange Trading | |
| ✓ | ❌ |