Both MetaTrader 4 and ProRealTime are references in the field of trading. These online trading platforms are particularly popular with expert traders who want to use reliable and functional tools for their transactions. But if we had to choose, who would be the best: MT4 or ProRealTime? Answers through this comparison
The advantages of ProRealTime
At first glance, ProRealTime already stands out for its more fluid and user-friendly visual interface. The software has a very good ergonomics and is much more manageable than the MetaTrader 4. The programming language is also simpler and easier to understand and, as an added bonus, workspace and list management is much easier. This makes it much easier for traders.
ProRealTime also offers the “Automatic order placement” function via the ProOrder, which is renowned for its fluidity. MT4’s Expert Advisors, on the other hand, are known for their risks of slippage or non-triggering orders, among others. And finally, unlike MetaTrader 4, this software is accessible directly online, but requires no download or installation. Even if the trader changes computer, all the parameters, strategies or indicators he has used are automatically saved.
The advantages of MetaTrader 4
The MetaTrader 4, on the other hand, has the main advantage of being free of charge in real time. The trader only needs to download and install the software to access the data free of charge. While to use ProRealTime, you must take out a subscription, although it is fully refundable. MetaTrader 4 also makes it easier to place orders and, although ProRealTime’s ProOrder is more fluid, more options are available for MT4 Expert Advisors.
For example, ProRealTime does not support multi-time frames, unlike MT4. It should also be noted that if you have a take profit and a stop loss on a ProRealTime candle, the test only considers the profit, which distorts the test. Another advantage of MetaTrader 4 is that it is available in a mobile version and can be adapted to the Android system. This software can also work and be tested even without an internet connection.
So, MetaTrader 4 or ProRealTime?
In fact, MetaTrader 4 and ProRealTime each have their own advantages, but also some limitations. The best solution would be to choose the right platform according to its objectives and convenience. MetaTrader 4 is particularly interesting for Forex trading, with the possibility of tracking trades via mobile. ProRealTime, on the other hand, is more suitable for CFDs on equities and indices, due to the possibility of automatically placing orders via ProOrder.