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The MT5 platform is a unique trading tool for a trader that allows you to trade on financial markets by performing various trading operations using the tools presented on this platform.
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MT5 is a financial markets trading platform that provides access to various assets, including currencies, stocks and options. It has a wide range of tools for analyzing and automating trading, which makes the trading process more efficient and interesting. In addition, users can use demo accounts for practice and a mobile app for the convenience of trading anytime and anywhere.
Updated 14.05.2024
Version and applications for MT5
To trade on the MT5 platform using a mobile device, and there is also a web version.
By accessing the mobile app, you are given unlimited access to a wide range of trading instruments, including forex CFDs, commodities, cryptocurrencies, indices and stocks. Similarly, the web version boasts an identical set of these trading tools. It should be noted that participation in trading operations using a mobile app provides convenience, since it provides constant communication, thereby contributing to the rapid monitoring of market fluctuations. Consequently, it accelerates the improvement of personal trading acumen.
Advantages of mobile trading
Perform multiple tasks at the same time
Ability to set up and receive important notifications immediately
Quick access to the market
It is convenient to use the phone for trading
You can trade on the move anywhere and anytime
The mobile app ensures the security and protection of personal data
To download Exness MT5 to your mobile, you need to use the official website ex-markets.pro go to the platform section and select the trading option via the mobile app. You need to select the operating system of your Android or iOS device that you need.
Advantages of the web version
If you have a PC with you, then you have quick access to the market
You can trade from any device (Laptop, Personal computer, tablet)
With the right settings, you can ensure a high level of security
Intuitive interface
You can trade wherever there is an Internet connection
To trade through the website, log in to the official website Exness and through the “Platforms” section, go to the web version of MT5.
Let's take a look at the two trading platforms MT4 and MT5 and see what differences they have. The main difference between MT5 and MT4 is that Exness has the opportunity to trade on the stock and currency markets on the MetaTrader 5 platform, while MT4 only has the opportunity to trade on the foreign exchange market.
Technical analysis
Up to 100 charts with currency and stock quotes can be opened simultaneously on the MT5 platform. 21 time period facilitates a detailed study of each of them and notice the price change. MT4 boasts 30 built-in, over 2,000 free custom indicators, as well as 700 commercial indicators. With the platform, you can use 23 analytical objects: Gann tools, shapes, lines, Fibonacci, icons, channels.With their help, you can make a forecast for further price dynamics. There are 9 time periods and an inexhaustible number of charts available on the MT4 platform to analyze trends.
Fundamental analysis
It is available for use only in MetaTrader 5. It helps to comprehend production and economic indicators using different sources. The latest news from global agencies automatically come to the platform, which increases the likelihood of making the right decision in transactions.
Trading Signals
It is available for use only in MetaTrader 5. It helps to comprehend production and economic indicators using different sources. The latest news from global agencies automatically come to the platform, which increases the likelihood of making the right decision in transactions.
Algorithmic Trading
In MT5, it is possible to trade automatically using Expert Advisors or trading robots. You can even create your own robot using the MQL5 programming language for automatic trading and strategy testing. Similarly, the MT4 platform allows you to test, develop and optimize algorithmic trading programs. These app can be used to publish free codes in the library or sell them on the Market, as well as set up automatic trading.
Programming languages
MT5 has a more powerful and modern programming language, MQL5, while MT4 uses the MQL4 programming language.
Technical support
You can contact technical support using your personal account from a PC, laptop or tablet, if it is a web version, or from a mobile phone, if it is a mobile version.
Time frame
MT4 has 9 standard timeframes at its disposal: M1, M5, M15, M30, H1, H4, D1, W1 and MN. MT5 has significantly expanded this list: It includes all timeframes from MT4 and there are new ones: M2, M3, M4, M6, M10, M12, M20, H2, H3, H6, H8, H12. To display non-standard timeframes in MT5, you need to configure them in the upper control panel. For MT4, you need a special script.
Technical indicators
Technical indicators on the MT4 and MT5 platforms can be adapted and customized to your specific goals. You can add them to the chart by dragging them from the Navigator window and using the Indicators command in the Insert menu. Indicators can be built in a separate window with their own schools. You can also do this directly on the price chart. You can create your own indicators, as well as use ready-made ones from the code library or from the Market.
Graphic objects
Graphical objects in MT4 and MT5 are data visualization tools on price charts that enrich the analytical arsenal of a trader with the participation of Exness. They include tools for setting trend lines, defining geometric formations, placing text comments, as well as markers to mark key events on the chart. Additionally, tools are provided to determine support and resistance levels, as well as to identify zonal zones. In addition, there are Fibonacci levels based on mathematical dependencies that allow you to determine potential reversal points of price movement.
Trading Orders
Graphical objects in MT4 and MT5 are data visualization tools on price charts that enrich the analytical arsenal of a trader with the participation of Exness. They include tools for setting trend lines, defining geometric formations, placing text comments, as well as markers to mark key events on the chart. Additionally, tools are provided to determine support and resistance levels, as well as to identify zonal zones. In addition, there are Fibonacci levels based on mathematical dependencies that allow you to determine potential reversal points of price movement.
Economic Calendar ("Astronomical Calendar")
MT5 has a built-in economic calendar. It publishes macroeconomic indicators of countries that affect the price movement of financial instruments. This allows traders to keep an eye on important events that may have an impact on the market. While MT4 does not have such a thing.
Market overview (exchanges. so.)
The price glass displays the current market and allows you to manage orders.
Price List: Shows the Ask (offer) and Bid (Demand) prices. The best prices are displayed in red (Ask) and blue (Bid). Next are the levels for Buy Limit, Sell Limit, Buy Stop and Sell Stop orders.
Trading commands: allow you to send market and pending orders. You can set a Buy Limit/Buy Stop or Sell Limit/Sell Stop. It is possible to set the Stop Loss (SL) and Take Profit (TP) levels for limit orders.
Market orders: buttons for making transactions for sale (Sell), closing a position (Close) and buying (Buy) at the best available price.
Context menu: additional commands for working with orders. You can change or delete existing orders, as well as create an alert for the specified price.
MT5 Market Overview
Let's analyze an important trading element of Exness- MetaTrader 5, namely the market overview. It contains information about all the instruments that can be traded using Exness. In this window, you can add or remove characters. You can also download the price history for the required period for analysis.
MT5 Options Board
In MT5, options are tools for analyzing and modeling strategic investments. They provide an opportunity to choose strategies, analyze their effectiveness and create investment portfolios. These financial instruments also help investors and allow them to assess the susceptibility of various parameters to option prices and calculate possible profit or loss.
Making transactions on MT5
With the help of the MT5 and Exness platform, you can make transactions in different markets. That's what's important:
- Train without the risk of losing money. - Trade anywhere, anytime. - Protect your investments by setting stop losses and take profits. - Use robots to automate trading. - Trade currencies, stocks, futures. - Data for analyzing the market situation. - Place orders at the current price or for the future.
Opening positions
How do I open a deal?
Right-click on the required instrument, which is located in the "Market Overview” and select “New order".
There you need to fill in: -Type of execution -Transaction volume (Minimum 0.01 lot of the transaction amount) -Set the value for Stop Loss/Take profit -Click “Purchase ” or “Sale”
Position management
You can modify the order in the "Trade" tab under the "Edit" item. It is possible to change all fields except the volume. To delete a pending order, also select the "Delete" item in the "Trade" tab, or they are deleted themselves in the "Expiration" tab
Changing positions
To modify the stop levels of a position, select "Change position" in the "Trade" tab. You can change the value of the parameter by pressing + or - on or next to the field in order to specify the value on the keyboard.
Closing positions
To close a deal, click the cross in the “Trade” section at the bottom right (it is located next to the profit). Or right-click on the instrument that was used in the transaction, then “New order” and there at the bottom next to the buttons “Sale of ” and “Purchase” there will be a yellow “Close” button, you can click it or the “Sell” button.
Trading account History
The history of the trading account can be seen in the personal account at the bottom. Under the charts you will find the “History" tab.
MT5 One-Click Trading
To start trading in one click, this option must be enabled. Go to the "Service"- “Settings“ section and select the "Trade" tab. There we put a check mark where it says “One-click trading” and agree to the terms. To start trading in one click, this option must be enabled. Go to the "Service"- “Settings“ section and select the "Trade" tab. There we put a check mark where it says “One-click trading” and agree to the terms. This is how it looks on the chart. The blue "Sell“ button and the red ”Buy" button
MT5 Trading Report
To view a trading report on one of the tools, go to the history tab. There, right-click to set the period. For example, “Last month". Next, right-click again - “Report" and select the report in excel.
Registration of Exness MT5
It is most convenient to start trading with the MT5 platform through the official website.
1
Log in to your personal account or register using the website ex-markets.pro
2
Click the “Open a new account” button on the right or bottom of the page
3
Next, there will be a choice of trading platform on the right side and there you choose MT5
4
Now you need to select the account that suits you, then click “Continue”
5
You leave a real account to start trading immediately and set a password