Selection grid
instrument decision for Ethiopia: compare the exact symbol by contract size, cash value per price move, trading hours, spread or commission, margin, holding cost and recent volatility before choosing exposure.
| Need | Best evidence |
|---|---|
| Exact markets | Available symbols and specifications |
| Manual desktop | Order and chart workflow test |
| Automation | MQL version and desktop/VPS |
| Browser access | Web terminal test |
| Mobile monitoring | App order-management test |
| Recovery | Reconnect and state verification |
MT4 versus MT5
Choose according to the trading account, required markets and code base. MT4 uses MQL4; MT5 uses MQL5. Indicators and EAs are not automatically interchangeable.
Market catalogue test
Confirm forex pairs, metals, crypto, energies, stocks and indices actually needed. Inspect suffixes and contract data instead of trusting a generic asset count.
Cost visibility
The platform should expose Bid/Ask, history and specification fields needed to calculate spread, commission, holding and price-to-cash risk.
Operational test
Test login, order placement, modification, closure, reconnect and account-state verification on demo during the intended Ethiopia session.
Download safety
Use official sources. Reject cracked terminals, bundled robots and remote-install offers that request credentials or device control.
Frequently asked questions
Is MT5 always better than MT4?
No; match the account, markets and code base.
Can an MQL4 EA run on MT5?
No. Confirm the exact symbol, contract, cost and current account condition before applying this answer in Ethiopia.
What matters beyond features?
Observable costs, reliable orders and recovery.
Where should software be downloaded?
Official sources. Confirm the exact symbol, contract, cost and current account condition before applying this answer in Ethiopia.