MetaTrader 5
Why choose MetaTrader 5?
Why choose MetaTrader 5?
Key Features
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MetaTrader 5
Metatrader 5 is an advanced online platform that enhances the experience of traders. Professional traders most prefer it as it provides advanced tools to meet their dynamic requirements. The platform is available through desktop, web, or mobile versions
Desktop & Web
The MT5 trading platform is user friendly and fully customisable to suit your trading style. You can start trading directly from any browser or operating system. It allows you to trade from anywhere and just requires a good internet connection
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Mobile
Ideal for traders on the go, MT5 mobile brings new order types and detailed market depth information straight to your mobile device. Available for iOS and Android
Regardless of your choice of device, you have an option to start trading with a free demo account
Among the key advantages of MetaTrader 5 experienced traders note the possibility to make comprehensive technical analytics with more indicators. Those who are not ready to analyze the markets on their own, will be interested in daily feed with the analytical ideas
Also, on MT5 you can track the live market depth and use 21 time-frames to make more informed trading decisions. You can simultaneously open up to 100 charts of the financial assets
The generated environment for creating EAs is prevalent on the MT5 trading platform. Even traders who do not understand the MQL5 programming language can create personal strategy-based robot. The functionality is implemented as the drag-n-drop block system. It allows you to select elements from an extensive MT5 library and place them in the right order. Then, you can test the obtained chain on historical data in a safe environment of a training demo account: it is opened free of charge to all the clients
MetaTrader 4 and MetaTrader 5 platforms are property of MetaQoutes.
Test your strategy before implementing
The strategy tester helps to test the performance of trading robots and find the best input parameters before executing EAs on real accounts. The entire process is based on the historical quotes of currencies and other financial products, for which there are several testing modes
Start scalping with forex robots
Forex robots are ideal helpers when you need to evolve your scalping techniques and stop making manual decisions. Once you open numerous short-term orders, the most important thing is to close the orders with proper timing. That is where robots come in, providing accuracy in Forex and CFD trading. For instance, the EAs are programmed to monitor fluctuations in various currencies and automatically enter and exit market orders once your predetermined trading indicators are reached
MetaTrader 5 scalping allows you to turn many small profit opportunities into a big one. This is also a good risk management strategy, since it does not involve taking on big risks in the hope of huge profits, though do bear in mind that robots do make mistakes, and any questions regarding those errors must be sent to the developer of the EA in question
MT5 vs MT4 Comparison
| Features | MetaTrader 4 | MetaTrader 5 |
|---|---|---|
| Technical indicators | 30 | 38 |
| Graphical Objects | 31 | 44 |
| Timeframes | 9 | 21 |
| Hedging & Netting | Offers only hedging | Offers hedging & netting |
| Pending orders | 4 Types | 6 Types |
| Order fill policy | Fill or Kill immediate or cancel return | Fill or Kill |
| Strategy Tester | Single thread | Multi-threaded + Multi-currency + Real ticks |
| Order Execution Types | 3 | 4 |
| Reports | Tables | Charts (HTML5 & Tables) |
| Economic Calendar | No | Yes |
| EAs & Algo Trading | Yes | Yes |
| Backtesting | Yes | Yes |
| Whitelabel | Yes | Yes |
| Market depth | No | Yes |
| Embedded MQL5 community chat | No | Yes |
| Built-in email service | No | Yes |
MetaTrader 4 and MetaTrader 5 platforms are property of MetaQoutes.
