Everything You Need To Know About Trading Software Metatrader 5

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What is MetaTrader?

The MetaTrader brand belongs to MetaQuotes Software Corp., which develops applications for financial markets. For the first time, a program with this name was released in 2003. Today, software products under this brand are used in more than 250 companies around the world. 

The MetaTrader 5 trading system, released in 2010, became a universal representative of the family. It should not be considered as an updated version of MetaTrader 4 - the functionality is completely different. MT5 provides an opportunity to trade not only in the foreign exchange markets, but also in the stock markets. Written in MQL5, a special programming language, it features a wide range of tools and modes for the most comfortable trading.

Features of the MetaTrader 5 terminal

MT5 includes netting and hedging trading systems. But this is not the only feature of the platform. You can also highlight the following: 

• simultaneous work on several exchanges; 
• deep analytics with 79 instruments; 
• the range of timeframes includes 21 types; 
• the ability to use up to 100 charts at a time; 
• several order modes and automatic trading. 

Analytics 

Forecasting price movements is an essential part of a trader's job. The MT5 trading platform has a variety of analysis tools in two standard ways - technical and fundamental. 

The technical approach is to use: 

• charts - line, bar and Japanese candlesticks are available; 
• timeframes - 21 options with a spread from a month to a minute; 
• technical indicators - 38 divided by types, including both basic and less common. 

The latter presents various moving averages (including fractal adaptive and dynamic with a variable index), RSI, MACD, as well as indicators described in the books of Bill Williams - Alligator, Awesome Oscillator and Market Facilitation Index. 

Working with indicators and charts can be combined, superimposing the first on the second, as well as using additional graphic elements for comfortable work. The performed manipulations are saved in function templates for easy restoration of the workspace as needed. 

For fundamental analysis, the program has an economic calendar and a news feed, allowing you to get acquainted in a timely manner and react to the latest events. All information arrives without delay.

You can find more information here. 

 

Automatic trading on the MetaTrader platform

A special programming language - MQL5 - is distinguished by its high performance. This makes it possible to actively use advisors that accurately work with a large amount of information in a short time. You can buy them in the MetaTrader Market, borrow from a special Library, or write them yourself. The latter option does not require deep knowledge - there is a simple application for development, a strategy editor and MT5 Strategy Tester, which allows you to test the EA in test mode based on situations that have already occurred in the past. 

Automatic copying of transactions made by the best traders is carried out through the Trade Alerts copy-trading service. You can subscribe to signal providers both for money and for free. With high trading performance, it is possible to get your own subscribers. 

For the autonomous operation of advisors, a VPS server connection is available with the following advantages: execution of automatic transactions around the clock; free hosting, arranged in one click directly in the terminal; a good communication channel between the server and the broker; no unnecessary load in the form of installing additional programs and their settings. 

Mobile version 

The multi-platform terminal is very convenient - trading is carried out not only from a stationary computer or laptop, but also from a mobile phone. The functionality of the application for smartphones is similar to the full version, which makes it possible to trade on the exchange under any conditions. Two versions have been developed - for Android and iOS. 

You can find more information here!

MetaTrader 5 is a platform with an amazing set of tools and deep functionality for a comfortable trading mode. The ability to create personalized algorithms is ideal for experienced traders with their own ideas and best practices. For beginners, the available advisors and indicators, tested by other users, will become a significant help.

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