Is MetaTrader really free?

Yes. MT4 and MT5 are free to download and use through most forex brokers. The broker makes money on spreads and commissions, not the platform itself.

Can I practice chart reading on MetaTrader?

You can use the Strategy Tester in visual mode to replay historical data, but there is no built-in way to test your directional calls, track your accuracy, or get feedback on your reads.

Should I switch from MetaTrader to CandleDojo?

No - they solve different problems. Keep MetaTrader for your live trading and analysis. Use CandleDojo alongside it to build the pattern recognition skill that makes your MetaTrader analysis better.

Does CandleDojo work with MT4/MT5 indicators?

CandleDojo uses its own chart engine and does not support MQL indicators. The practice is designed around pure price action reading without signal overlays.

CANDLE DOJOvsMETATRADER 4/5

CandleDojo vs MetaTrader Strategy Tester: Practice Tool vs Backtesting Engine

Price:Free (through brokers)

MetaTrader is the default platform for forex and CFD traders worldwide. MT4 and MT5 together power millions of trading accounts, and their built-in Strategy Tester lets you replay historical data and backtest Expert Advisors.

But the Strategy Tester was built for automated systems, not for training human pattern recognition. You can switch it to visual mode and watch price unfold bar by bar - but there's no way to lock in a directional call, no scoring, and no feedback on whether your reads are improving.

CandleDojo solves the training gap that MetaTrader leaves open. Every scenario forces a commitment before the outcome, scores your accuracy, and explains what the market did. If MetaTrader is your trading platform, CandleDojo is your training platform.

Page Notes

Reviewed by

CandleDojo editorial team

Last updated

Apr 29, 2026

Sources

MetaTrader 4/5 official site Methodology Data sources MetaTrader 5

How this page was made

This comparison is written by CandleDojo as an editorial role comparison between a chart-reading trainer and a replay, simulator, or trading platform. It is not sponsored by the competitors named here.

Pricing, feature access, and plan details can change. Verify purchase-critical details on the official product site before making a decision.

Quick Verdict

MetaTrader is where you trade. CandleDojo is where you train. The Strategy Tester was built to test robots, not to sharpen your pattern recognition. Use the right tool for the right job.

Honest assessment

What each tool is actually good at.

WHERE METATRADER 4/5 HELPS

+Free through most forex brokers - no additional cost
+Installed base of millions of traders worldwide
+Strategy Tester can replay historical data visually
+Supports custom indicators and Expert Advisors (MQL4/MQL5)
+Massive library of free and paid indicators and EAs
+Available on desktop, web, and mobile

WHERE IT GETS AWKWARD FOR TRAINING

-Strategy Tester designed for EA backtesting, not chart reading practice
-No forced commitment before seeing the outcome
-No scoring, streaks, or accuracy tracking
-No feedback or explanation of price moves
-Visual replay mode is clunky and hard to control
-No curated scenarios - you manually configure every test
-Interface feels dated compared to modern web tools
-No two-timeframe practice view out of the box

Side by side

Feature by feature.

FEATUREMetaTrader 4/5CANDLE DOJO

Hides outcome until you commitNoYes

Per-scenario feedback & scoringNoYes

Score & streak trackingNoYes

Curated practice scenariosNoYes

Two-timeframe view (HTF + LTF)NoYes

Modern web-based UIPartialYes

Mobile friendlyNo (tester)Yes

No setup per sessionNoYes

Free to useYesYes

Custom indicators (MQL)YesNo

Expert Advisor backtestingYesNo

Live trading integrationYesNo

Forex pair coverageYesYes

Best fit

Pick the one that fits your job.

CHOOSE METATRADER 4/5 IF…

Forex traders who need a free platform with live trading, custom indicators, and the ability to backtest automated strategies using MQL code.

CHOOSE CANDLE DOJO IF…

Traders who want structured, accountable practice reading price charts - whether they trade on MetaTrader or any other platform. The skill transfers everywhere.

Verdict

MetaTrader is where you trade. CandleDojo is where you train. The Strategy Tester was built to test robots, not to sharpen your pattern recognition. Use the right tool for the right job.

Common questions

Questions about this comparison.

Want a cleaner way to train chart reading?

Open a free account and start running reps today.

Try Free Challenge