Are There Tips for Trading MT4 4 Digit?

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V
vande
04 Jul 2015, 10:49 2,946 Views
Yesterday I just opened a classic account on Justforex MetaTrader 4 with 4 digits. Up until now, I have been trading on MetaTrader 4 with 5 digits. After trying trading on the demo classic MetaTrader 4 with 4 digits, I felt a lot of differences. Do you have any tips for trading on MetaTrader 4 with 4 digits? Because I still don't know much about the suitable style and technique to use on MetaTrader 4 with 4 digits.

1 Answer

M
martin 07 Jul 2015, 05:20

@ vande:
As far as I know, the difference between 4-digit and 5-digit accounts is only in the price spread, where the 5-digit platform is more precise in its reading, allowing the spread to be less than 1, for example 0.5 or 0.2 etc. While the 4-digit platform spread is at least = 1. In development, all brokers will eventually use the 5-digit platform.
Regarding the method of trading, there is no difference, except that the price setting on 5 digits must be divided by 10 when trading in 4 digits, for example, a stop loss or take profit of 100 pips in 5 digits (meaning 10.0), then in 4 digits it must be made 10 pips so that the final result is the same.

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