MetaTrader 5 (MT5) - Advanced Multi-Asset Trading Platform

Differences Between MetaTrader 4 (MT4) and MetaTrader 5 (MT5)

Although MetaTrader 4 (MT4) and MetaTrader 5 (MT5) share many similarities, MetaTrader 5 (MT5) introduces several enhancements that cater to modern trading needs.

Feature	MetaTrader 4 (MT4)	MetaTrader 5 (MT5)
Market Access	Forex & CFDs	Forex, Stocks, Commodities, Indices, CFDs
Order Types	Basic (4 types)	Advanced (6 types)
Timeframes	9	21
Technical Indicators	30	38
Economic Calendar	No	Yes
Market Depth	No	Yes
Strategy Tester	Single-threaded	Multi-threaded
Programming Language	MQL4	MQL5
Hedging	Yes	Yes
Netting	No	Yes

MT5 is designed to support a broader range of trading strategies and has enhanced analytical capabilities, making it an attractive choice for professional traders.

How to Trade on MetaTrader 5 (MT5)

Here are some specific guides on MetaTrader 5 and ways for traders to navigate it.

How to Download and Install MetaTrader 5 (MT5)

MetaTrader 5 (MT5) is available for Windows, macOS, mobile devices (iOS and Android), and web browsers. Below is a step-by-step guide for downloading and installing MT5 on different platforms.

Downloading MetaTrader 5 (MT5) on Windows/macOS (or Linux)

Step 1: Visit the Official Website or Broker’s Platform

You can download MetaTrader 5 (MT5) from:

• The official MetaTrader 5 website (https://www.metatrader5.com)
• Your broker’s website (some brokers provide a customised MT5 version)

Step 2: Download the Installation File

On the website, click “Download” for Windows or macOS.

Step 3: Install MetaTrader 5 (MT5) on Your Computer

For Windows:

1. Open the mt5setup.exe file.
2. Follow the installation wizard and click Next.
3. Choose the installation directory or leave it as default.
4. Click Finish to complete the installation.

For macOS:

1. Open the mt5.dmg file.
2. Drag the MetaTrader 5 application to the Applications folder.
3. Open MetaTrader 5 (MT5) from Launchpad or Finder.

Step 4: Log In to Your Trading Account

1. Open MetaTrader 5 (MT5) and click File > Login to Trade Account.
2. Enter your account number, password, and server details (provided by your broker).
3. Click OK to connect to the trading platform.

 Installing MetaTrader 5 on Mobile (iOS & Android)

MetaTrader 5 (MT5) is available as a mobile app, allowing traders to monitor and execute trades on the go.

Step 1: Download the MetaTrader 5 (MT5) App

• For Android: Open the Google Play Store, search for MetaTrader 5, and tap Install.
• For iOS: Open the Apple App Store, search for MetaTrader 5, and tap Download.

Step 2: Open the App and Log In

1. Launch the MetaTrader 5 (MT5) app.
2. Tap “Login to an Existing Account” or create a Demo Account.
3. Enter your broker’s name in the search bar and select the correct server.
4. Input your account number and password, then tap Sign In.

Using MetaTrader 5 (MT5) WebTrader (No Installation Required)

MT5 WebTrader allows you to trade directly from your browser if you prefer not to install software.

How to Access MetaTrader 5 (MT5) WebTrader:

1. Visit the official MetaTrader 5 WebTrader page or your broker’s MetaTrader 5 (MT5) WebTrader link.
2. Click “Login to Trade”.
3. Enter your account number, password, and server details.
4. Click OK to access the platform.

Advantages of MT5 WebTrader	Limitations of MT5 WebTrader
No installation required	Limited charting tools compared to desktop versions
Works on any device with a browser	No access to custom indicators or Expert Advisors (EAs)

Understanding the MetaTrader 5 (MT5) Interface

MetaTrader 5 (MT5) has a user-friendly interface designed for efficient trading, analysis, and order management. Understanding its layout is crucial for navigating the platform effectively. Below is a breakdown of the key sections:

Main Components of the MetaTrader 5 (MT5) Interface

When you open MetaTrader 5 (MT5), you will see several panels and windows, each serving a specific purpose.

1. Market Watch Window

• • Location: Left side of the screen

• • Purpose: Displays real-time price quotes of financial instruments

This window offers a view of the bid and ask prices of assets. You can right-click to open a chart, place an order, or access Depth of Market (DOM). You can also customise by adding or removing instruments and accessing additional details such as spread, high/low prices, and trading volume.

Market watch window in MT5 (EN)

Market watch window in MT5 (SC)

Market watch window in MT5 (TC)

2. Navigator Panel

• • Location: Below Market Watch (left side)

• • Purpose: Provides quick access to trading accounts, indicators, expert advisors (EAs), and scripts

From this panel, you can manage multiple accounts (live and demo) and analyse data using built-in and custom indicators. Also, you can add or manage trading robots, known as expert advisors (EAs), and add scripts to automate small tasks.

Navigator window in MT5 (EN)

Navigator window in MT5 (SC)

Navigator window in MT5 (TC)

3. Chart Window

• • Location: Centre of the screen

• • Purpose: Displays price movements of selected financial instruments

This section supports multiple chart types (candlestick, bar, line). It also offers 21 timeframes (from 1 minute to 1 month) and includes drawing tools and technical indicators. Traders can also implement custom templates in this area.

Chart window in MT5 (EN)

Chart window in MT5 (SC)

Chart window in MT5 (TC)

4. Toolbox Window (Trading Terminal)

• • Location: Bottom of the screen

• • Purpose: Manages trades, account balance, alerts, and market news

The key tabs in this window are:

• • Trade Tab – Shows open positions, pending orders, and profit/loss

• • Exposure Tab – Displays portfolio exposure across different asset classes

• • History Tab – Provides a record of executed trades

• • News Tab – Shows real-time market updates

• • Alerts Tab – Allows setting price alerts

Chart window in MT5 (EN)

Chart window in MT5 (SC)

Chart window in MT5 (TC)

5. Toolbar (Top Menu Bar)

• • Location: Top of the screen

• • Purpose: Provides shortcuts for different platform functions

The key sections in the toolbar menu of MetaTrader 5 are:

• • File – Open accounts, save charts, and print reports

• • View – Customise the interface layout

• • Insert – Add indicators, trend lines, and Fibonacci tools

• • Charts – Adjust chart settings and timeframes

• • Tools – Open MetaEditor for coding or modify platform settings

• • Window – Arrange multiple charts

• • Help – Access MT5 guides and broker support

Toolbar in MT5 (EN)

Toolbar in MT5 (SC)

Toolbar in MT5 (TC)

Customising the MetaTrader 5 (MT5) Interface

MetaTrader 5 offers excellent customisation capabilities to traders. Traders can change chart appearance, arrange windows, and add from a range of indicators and tools.

Changing Chart Appearance

1. 1. Right-click on the chart and select Properties

1. 1. Modify colours, grid lines, background, and other settings

1. 1. Save custom settings as a template

Arranging Windows

• • Drag and drop charts to create a multi-chart layout

• • Resize Market Watch, Navigator, and Toolbox panels

• • Use Tile Windows (Alt + R) to arrange multiple charts

Adding Indicators and Trading Tools

1. 1. Click Insert > Indicators

1. 1. Choose from Trends, Oscillators, Volumes, and Custom indicators

1. 1. Adjust settings and click OK

Chart customisation options in MT5 (EN)

Chart customisation options in MT5 (SC)

Chart customisation options in MT5 (TC)

Using One-Click Trading

Traders can enable fast order execution directly from charts.

How to enable one-click trading?

1. 1. Go to Tools > Options > Trade

1. 1. Check “One Click Trading” and accept the terms

1. 1. Click the One-Click Trading panel on the chart to place market orders instantly

One-click trading in MT5 (EN)

One-click trading in MT5 (SC)

One-click trading in MT5 (TC)

The MetaTrader 5 MT5 interface is designed for efficiency, allowing traders to monitor markets, place trades, and analyse price movements seamlessly. By customising the layout and mastering the platform’s features, traders can enhance their trading experience.

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