MetaQuotes has developed the most popular trading platform in the world, MT4 and now working on the perfection of MT5.
MetaTrader5 is technically the young brother of MT4, which has got even more useful functionalities than MT4 and but it is still at under development.
MT5 has been already adopted by a number major brokers in Arab and also FBS and FxPro.
The trading platform has already got “Hedging Option” and “Depth of Market window” added to the base program.
Now MetaQuotes has released the “Introduction Video of MT5” for traders and brokers who are interested in the new platform.
Here is the transcript of the video. (hope this helps…)
The platform is designed for trading Currencies, Stocks, Futures and other popular instruments on financial markets.
All available trading symbols are listed in the market watch window from which traders can select required instruments. This window also provides monitoring of current quotes options for one click trading and access to take data. Furthermore a chart of any symbol can be opened directly from MarketWatch.
The MT5 platform supports both position accounting systems, “netting” and “hedging”.
With the neting system, the trader will be able to have only one open position of financial instruments at a time. This system is traditionally adopted on exchange markets.
The hedging system can be used on Forex Accounts with the hedging option allow opening multiple positions of the same financial instruments of opposite or same direction.
On such accounts, it’s possible to implement simultaneously multiple manual strategies while trading the same financial assets as well as to perform trading operations using several trading robots at the same time.
While functionality available on the platform allows implementing different strategies while performing trading operations at current market prices or using pending orders with a preset lifetime
Position opening levels, Stop loss, take profit and a comment can be specified in a trading request created in the platform.
Dozens of built-in indicators lines and channels can be used for technical analysis of simple prices.
The platform contains additional analytical instruments. Gann, Fibonacci and Elliot source as well as graphical objects.
While visualization options enable operations with pending orders directly on a chart, including creation and deletion of pending orders as well as modification of stop loss and take profit.
The market policies best understood from the extended depth of market window where you can also perform trading operations.
The quick trading panel provides another convenience option for performing financial operations with a single mouse click.
In the navigator window users can switch between trading accounts and run scripts, indicators or trading robots.
All open positions and orders are displayed in the trades have of the toolbox window.
Accounts currect state can be visually assessed in the exposure tab.
On the history tab you can view information about all executed trades, a request a report for analysis.
The news calendar and company tabs, provide information delivered by your broker to keep you up to date with important events.
The following three tabs displayed additional training services, the code based tab contains over 6,000 trading robots and technical indicators which can be downloaded and used for free.
The market tab, features thousands of trading and analytical applications which are available for purchase or raise
The showcase of signals tab displays trading accounts which can be monitored online.
Straight from the platform you can select a signal provider, subscribe to a signal and start copy
You don’t need to perform trading operations, your platform will automatically copy deals of a selected
You can make additional income by selling your own trading signals.
Register your account in the service as a signal, set your price and continue to trade. Your signal will become available
for subscription, traders will be able to copy your deal and you’ll receive a fixed monthly income from your subscribers from the platform.
You can also rent a virtual server in just a few clicks for automated trading on your accounts.
Select a hosting site with minimal latency, choose the rental period and pay using your favorite payment method.
The virtual platform provides a convenient way for round-the-clock operation of your robots and trading based on copied signals.
This is much easier than renting a virtual private server from a third party provider.
Another unique service available on the platform is freelance from the platform.
You can proceed to order a trading application from a professional software developer.
Create a new order, check out submitted applications and select a developer, then negotiate the price and terms of order.
To protect both parties the money is transferred to the developers account only upon completion of the order.
Should any dispute arise the parties may apply for arbitration.
Any trading robot can be tested in the built-in strategy tester. Set the input parameters of the expert advisor, run it in the strategy tester and analyze its performance from the resulting reports and detailed charts.
To find the best inputs, use the optimization mode which allows you to test thousands of combinations of input
You can additionally use agents from the mql5 cloud Network which can save you weeks or even months of searching for the best parameters.
That’s all about the main features of the trading platform. Watch the next video to find out how to open a trading account and start trading.