How to Migrate from MT4 to MT5
Upgrade to MetaTrader 5's advanced features while keeping your MT4 account active. Here's your complete migration guide.
Why Transfer from MT4 to MT5?
Superior VPS Integration
MT5's native VPS activates with just 3 clicks directly in the platform. Free for qualifying accounts with servers in 9 global locations versus MT4's single London server.
Advanced Order Execution
Experience flexible FIFO order management exclusive to MT5 with tastyfx. Unique lot sizes remain distinct and can be closed individually, providing better control over complex strategies.
Expanded Trading Arsenal
Access 38+ indicators, 21 timeframes, and 45 additional tools from tastyfx. MQL5 powers advanced strategies with faster backtesting and multi-threaded processing.
Can You Directly Transfer MT4 to MT5?
WHAT TRANSFERS:
- Your tastyfx account credentials (though you'll be given separate MT5 login details)
- Your trading capital via internal transfer
- Trading strategies and concepts (though code needs updating)
Important: MT4 and MT5 run independently. You can maintain both accounts simultaneously, there's no requirement to close MT4 when opening MT5.
WHAT NEEDS RECREATION:
- Expert Advisors written in MQL4 (unless originally built with MQL5)
- Custom indicators and scripts
- Chart templates and profiles
- Historical trade data
Important: MT4 and MT5 run independently. You can maintain both accounts simultaneously, there's no requirement to close MT4 when opening MT5.
Step-by-Step Migration Process
1. OPEN YOUR MT5 ACCOUNT
Log in to your tastyfx Accounts Dashboard and select "Add MT5 Account." Your new MT5 account operates independently from MT4—both can remain active simultaneously. You'll receive separate MT5 login credentials via email.
2. TRANSFER OR ADD FUNDS
Use the Accounts Dashboard to instantly transfer funds from MT4 to MT5, or deposit directly into your new MT5 account. No need to close MT4 positions—you can gradually transition at your own pace.
3. DOWNLOAD MT5 PLATFORM
Install MetaTrader 5 on your device of choice—Windows, Mac, iOS, or Android. MT5 installs separately from MT4, so both platforms can run simultaneously on the same device.
4. ENHANCE YOUR TRADING SETUP
Start fresh with MT5's superior tools or recreate your MT4 workspace:
- Apply professional templates optimized for your trading style
- Add from 38+ built-in indicators (more than MT4's selection)
- Configure 21 timeframes for deeper market analysis
- Set up MT5's exclusive features like time-zone configuration and economic calendar
5. DOWNLOAD FREE TASTYFX INDICATORS AND EAS
Access our exclusive collection of MT5 indicators and Expert Advisors, pre-optimized for the platform's advanced architecture. These professional tools come free with your tastyfx MT5 account.
6. MIGRATE YOUR EXPERT ADVISORS
- Check compatibility: Look for .mq5 files or MQL5 references in your EA documentation
- Compatible EAs: Copy directly to MT5's Experts folder
- Incompatible EAs: Either convert the code, purchase MT5 versions, or find superior alternatives in MT5's larger marketplace
- Test everything: Run all EAs on demo first to verify proper operation
Converting Your Trading Tools
EXPERT ADVISORS MIGRATION
MQL4 EAs require conversion to MQL5 unless originally built with cross-compatibility. The MQL5 community offers conversion services, or explore MT5's marketplace for upgraded versions of popular EAs with enhanced features.
CHECK YOUR EA COMPATIBILITY
Some MT4 Expert Advisors were actually built using MQL5 language and are already MT5-compatible. Before converting or purchasing new EAs, check your existing EA documentation or look for ".mq5" files in your Experts folder. Compatible EAs can transfer directly to MT5 without modification.
CUSTOM INDICATORS
Most standard indicators have MT5 equivalents with improvements. For custom indicators, check the MQL5 codebase for existing conversions or use the built-in migration tools in MetaEditor 5.
TEMPLATES & PROFILES
MT4 templates (.tpl files) won't open in MT5. Recreate your favorite layouts using MT5's enhanced charting system, then save as new templates. Consider this an opportunity to optimize using MT5's additional timeframes and analytical tools.
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Start Trading on MT5 Today
45 free pro indicators exclusive to tastyfx
60+ forex pairs
Spreads from 0.8 pips, zero commission*
Start Trading on MT5 Today
45 free pro indicators exclusive to tastyfx
60+ forex pairs
Spreads from 0.8 pips, zero commission*
FREQUENTLY ASKED QUESTIONS
No. Both accounts remain independent and active. You can trade on both platforms simultaneously.
MT5's interface is similar to MT4 with enhanced features. Most traders adapt within days, and the additional tools quickly become indispensable.
Yes. Your MT4 account remains fully functional. You can transfer funds back anytime through the Accounts Dashboard.
MT4 history remains in MT4. MT5 starts fresh, though you can export MT4 history for record-keeping.
* tastyfx does not charge commissions. tastyfx is compensated through a hedging arrangement with IG Markets Ltd.