MetaTrader 5 (MT5) - review of the trading platform
MetaTrader 5 is an advanced platform for experienced traders with great functionality and user-friendly interface.
MetaTrader 5 – is a professional multi-asset class platform for trading on Forex, stock and futures exchanges. In comparison with the MetaTrader 4 trading platform MetaTrader 5 is more advanced version with broad functionality and capabilities for programmers and stock traders. If you are already not the first year in trading, then you should try trading terminal MT5. Here you will find many tools that will make your trading strategy more flexible and perfect: indicators and graphical objects for technical analysis, software development environment advisers, additional pending warrants, the "glass of prices", the indicator "depth" of the market, multi-currency strategy tester, virtual hosting and much more. Moreover, the MetaTrader 5 is multi-platform and not tied to a desktop computer. You can trade anywhere where there is Internet, using the web platform or mobile app MetaTrader 5 for Android or iOS. Consider the main features of the MT5 platform on the example of the broker RoboForex. Download MetaTrader 5 for free at the following link.
Capabilities of MetaTrader 5 trading platform
- Powerful trading system. In MetaTrader 5 is available in two bids system: netting (traditional) and hedging that allows you to open multiple items at once on each instrument, including mixed. The latter method is most relevant to Forex trading. Also in the MT5 terminal provides the following shopping opportunities:
- 4 modes of order execution (instant, market, request, exchange);
- separate records of transactions and orders;
- 6 types of pending orders;
- trade with "depth of market";
- trailing stop etc.
- Professional technical analysis. Trading platform MT5 you can conduct a thorough technical analysis to open up to 100 charts of currency pairs, stocks and futures simultaneously, to determine levels of support / resistance, make predictions, quotes and more. You will have the following tools:
- 21 timeframe;
- 38 built-in indicators;
- 44 graphical object;
- minute history of quotes.
- The fundamental analysis. In addition to technical analysis important role in price forecasting plays a fundamental analysis of economic and political indicators. In MetaTrader 5 trading terminal have built-in tools of fundamental analysis economic calendar and financial news. All information about economic events is input to the terminal MT5 in real time.
- Trading signals in MetaTrader 5. Copy trading is a service for automatic copying of transactions of successful traders. It allows you to earn on Forex even novice traders. To do this, select from the ranking signal provider, subscribe to (it can be both paid and free), and the terminal will automatically copy deals of a selected trader.
- Algorithmic trading. The algorithmic trading is one of the strengths of MetaTrader 5. Thanks to more powerful programming language MQL5 (compared to MQL4 in MetaTrader 4), you can create a more accuratex trading robots (advisors) in which Forex trading will be automated not requiring your participation. Almost any manual strategy can be formalized in software code. It does not need to have big knowledge in programming. MetaTrader 5 provides the following features for algorithmic trading:
- MQL5 Wizard app for designing a trading robot a couple of clicks (suitable for beginners);
- programming environment MQL5 for more advanced users;
- the policy editor MetaEditor with the code highlighting and a compiler;
- the strategy tester with graphical visualization and optimization of expert advisors;
- the community of programmers of MQL5.community where you can find a lot of information on the EAS;
- access to the Library (CodeBase), where are the free codes of indicators and advisors;
- MetaTrader Market – the store where you can buy an EA or an indicator.
- Virtual hosting. If you are using automatic trading system (expert Advisor) then you need to take care of the autonomy of his work, that he has not stopped working even when the power fails or the Internet. To do this you need to connect the VPS-server. MetaTrader 5 is already built-in VPS server has several advantages:
- clock work advisers and subscriptions to trading signals;
- VPS-server directly in MT5 a couple of clicks;
- minimum ping to your broker server;
- no need to install and configure;
- 24 hours free web hosting.
- MetaTrader Market. In the Market you can buy or rent thousands indicatorthe ditch and advisers. Before you buy-free to test any product. After purchase indicator or Advisor can immediately start trading. This service is absolutely safe both for buyers and for sellers.
Mobile trading with MetaTrader 5
MetaTrader 5 trading platform is a fully multi-platform. Thanks to the mobile app MetaTrader 5 you can make trades not only on desktop computer or laptop but also on mobile devices iOS or Android, and a tablet with Windows OS. This solution allows you to trade during the main work or leisure. With this you get the full functionality of the trading platform MT5 with all its possibilities.
MetaTrader 5 is more advanced version of MetaTrader 4. It has more trading opportunities compared to four. If you are a trader with experience, actively trade using expert advisors or trading robots are developing, and also if you want to diversify the trade, adding more currency pairs to futures and stocks, then we recommend you download MT5 and try it in the trade. If you are just starting their acquaintance with the Forex trading, we advise you to pay attention to the trading terminal MetaTrader 4. Download MetaTrader 5