MT4 vs MT5 for Gold Trading
Compare MT4 and MT5 for gold trading. Which platform is better for XAUUSD? Feature comparison, pros and cons.
I tested every approach before landing on this one. Here is what actually works for gold.
Core Differences
I keep a notebook on my desk — eight of them now, spanning ten years. Every trade idea, every lesson, every mistake goes in it. They are worth more than my trading account. Every journal entry captures what happened and why — the cause and the effect. Read yours. Learn from yours.
Charting and Analysis
Do not overthink the platform choice. MT4 and MT5 cover 99% of what you need. I started on MT4 and never switched. The tool does not make the trader — your ability to read structure does.
Backtesting
Every lesson in this guide comes from real money trades — wins and losses. The losses taught me more. I paid tuition so you do not have to. Let my mistakes be your shortcut.
Broker Support
Do not pick a broker based on a bonus or a flashy website. I made that mistake — it cost me three weeks of stress and a hard lesson. The broker you choose determines your spread costs, execution speed, and whether you survive. Choose with due diligence, not with your eyes.
I have been trading XAUUSD for over a decade. Everything in this guide comes from real trades at my desk in Singapore — not from textbooks. Here is what I have learned.
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MT4 vs MT5 for Gold Trading
Both platforms are excellent for XAUUSD trading, but they have distinct differences.
Platform Comparison
MT4 Advantages:
- More brokers support it
- Larger custom indicator library
- Simpler, lighter interface
- More community resources
MT5 Advantages:
- More timeframes (21 vs 9)
- Better backtesting engine
- Built-in economic calendar
- More order types (Buy Stop Limit, Sell Stop Limit)
Recommendation
For most gold traders, MT4 is the better choice due to wider broker support and community resources. If you need advanced backtesting, choose MT5.
On this page
Recommended Brokers
Recommended: Trade gold with EBC — tested across all sessions.
Start Trading Gold →Recommended: Trade gold with Wisuno — tested across all sessions.
Start Trading Gold →Related Guides
What You Will Learn in This Guide
This guide covers "gold trading strategy", "scalping gold strategy", "what moves gold price". Whether you are new to gold trading or refining your approach, understanding {category.toLowerCase()} principles helps you make better trading decisions.
Why MT4 vs MT5 for Gold Trading Matters for Gold Trading
Every gold trader needs to understand "proper lot size for gold", "how much margin for gold trading", "set stop loss for gold". Without proper {toolName.toLowerCase()}, you are trading blind. Use this tool alongside how to control emotions in gold trading, how to stay disciplined in trading and gold trading discipline to build a complete risk management framework.
Related Risk Management Concepts
Understanding "proper lot size for gold", "how much margin for gold trading", "set stop loss for gold" is just the beginning. Serious gold traders also study how to control emotions in gold trading, how to stay disciplined in trading and gold trading discipline to protect their capital. Master these concepts and you will trade with confidence across all sessions.
More from Tao's Desk
Hand-picked by Tao — from my trading desk to yours.
How to Trade Gold on MT4: Step-by-Step
I go back to this one whenever I need to refocus on the basics.
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One of the first guides I wrote for gold traders — still the foundation of my approach.
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One of the brokers I personally use. Consistent spreads and reliable withdrawals.