OANDA launches MT5 (MetaTrader5) account
OANDA Global Markets has added to the wide range of its services the most famous and used trading platform in the world MetaTrader 5 (MT5) available on desktop, mobile and web on real or demo accounts with which every trader can take advantage of trading tools highly advanced, built-in market depth, up-to-date charting and much more that you can leverage for your trading.
Features of MT5 with OANDA
MetaTrader 5 is a platform created in 2005 by MetaQuotes Software that allows both experienced and novice traders to access the financial markets.
The structure of the MT5 platform is composed of a server and a client, the server is integrated by the broker, in this case OANDA, while the client is subject to the download of traders who intend to use it, thus being able to take advantage of all the tools and services available.
You will then be able to consult the list of the main features of the extraordinary MetaTrader 5 platform
- Market depth
- The MT5 platform with OANDA has an integrated market depth that allows you to invest large amounts of capital in a single transaction, being able to always have prices and spreads under control for larger dimensions.
It will be extremely simple to check the liquidity available on the markets you intend to trade and the smaller the size of a possible transaction, the tighter the spread offered by OANDA (starting from 1 pip on EUR / USD).
- Economic calendar
- The economic calendar in MT5 with OANDA available on desktop and mobile is integrated, so that you can always be updated on moving events and any news indicators.
- One-click trading
- By taking advantage of the “one-click trading” service together with the market depth option, it is possible to trade currency pairs with a single click.
- Automated trading
- With OANDA MT5 it is possible to create expert consultants in MQL5 who will allow you to automate every trading strategy, create technical indicators essential for a careful analysis of the markets, experiment with all the strategies considered valid and much more to discover by visiting the official website OANDA.
- Cutting-edge charts with AutoChartist
- Using automatic chart pattern recognition tools, it is possible to analyze and scan intraday markets, identify potential trading opportunities and support and resistance levels, use it as an expert advisor to observe trends on MT5 charts, automatic trend alerts of the markets that can be consulted by e-mail.
- Technical capacity of the system
- Metatrader 5 is a 64-bit multi-threaded platform, this technical feature makes it extremely faster and more reliable than MT4, the latter being mono-threaded and 32-bit.
- 21 different graphic timeframes
- OANDA MT5 has 21 charting times which are M1, M5, M15, M30, H1, H4, D1, W1, MN, M2, M3, M4, M6, M10, M12, M20, H2, H3, H6, H8 and H12.
- 6 types of pending orders
- Compared to MT4, MetaTrader 5 has the “Buy Stop Limit” and “Sell Stop Limit” which give the possibility to convert your order into a market order.