No, not directly. MT5 uses .ex5 files and the MQL5 programming language. MT4 uses .ex4 files and MQL4. The two are not cross-compatible. However, many EAs and indicators have separate MT4 and MT5 versions — check each individual tool's page to confirm platform support.

Open MT5, click File → Open Data Folder → MQL5 → Experts (for EAs) or Indicators. Paste the .ex5 file. Restart MT5. The tool appears in the Navigator panel. Drag it onto a chart, enable AutoTrading (for EAs), and it runs. Full step-by-step guide

Depends on the strategy. M1-M5 scalpers typically work from $100 minimum. Grid and martingale recovery EAs usually need $1,000-$3,000 to survive drawdown sequences. Each EA review on ForexCracked states its recommended starting balance.

Yes, but each EA must have a unique magic number to avoid order conflicts. Most MT5 EAs let you set the magic number in the input dialog when you attach the EA to a chart. Run each EA on a separate chart.

A low-spread ECN broker with full MT5 support. Popular choices include IC Markets, Exness, and Pepperstone. Check current spreads, execution speed, and EA compatibility before committing.

MetaTrader 5 is the latest trading platform from MetaQuotes, released after MT4. It supports multi-threaded backtesting, depth of market data, 21 timeframes, and a built-in economic calendar. MT5 is faster and more powerful than MT4, though MT4 remains popular because it has more third-party tools available.

Yes. The MT5 platform itself is free to download from MetaQuotes or any MT5-compatible broker. Every EA and indicator on this page is also free, with no licence keys or subscriptions required.