The Watchlist in MetaTrader 4 (MT4) and MetaTrader 5 (MT5) is a feature in the 'Market Watch' window that displays real-time prices of selected financial instruments.
MT4: Provides live bid and ask prices, with options to open charts, place orders, or view symbol details.
MT5: Includes additional tools like tick charts and market depth for enhanced analysis.
The Watchlist helps traders monitor their preferred instruments, customize their view, and make quick, informed trading decisions.