Unfortunately, no. MT5 is not backwards compatible with MT4 indicators or EAs; the programming language has been redesigned and upgraded specifically for MQL5.
MetaTrader 5 (MT5) represents a significant evolution from MetaTrader 4 (MT4), featuring an entirely new programming architecture. The key differences include:
Different programming languages: MT4 uses MQL4 while MT5 uses MQL5
Enhanced functionality in MT5 with additional technical features
Different timeframes and analytical objects
Improved execution model in MT5
If you have favorite indicators from MT4 that you wish to use in MT5, you have several options:
Look for MT5-compatible versions of the same indicators in the MT5 Market
Use separate MT4 and MT5 platforms side by side
Consider having your custom MT4 indicators recoded for MT5 by a professional developer
FXTRADING.com offers both MT4 and MT5 platforms to our clients, allowing you to choose the platform that best suits your trading needs and preferred indicators.
For further assistance with platform-related questions, please contact our support team through Live Chat in your Client Portal or email [email protected].