MT5 offers a wide variety of functions for the modern CFD and exchange market trader. Here’s a comprehensive guide on how to use MetaTrader 5 for Desktop and Mobile.
MetaTrader 5 (MT5) is one of the most advanced multi-asset trading platforms in the world today. Developed by MetaQuotes in 2010, MT5 is an upgrade to MetaTrader 4, probably the most popular platform for online trading ever, released 5 years earlier. Although it is most associated with forex trading, MetaTrader 5 can be used to trade a wide range of markets including shares, indices,cryptocurrencies, andcommodities, viaCFDs. MetaTrader 5 alsoallows trading on exchanges (real shares and funds) and futures, a key add-on compared to the old MT4. Rich trading functionality, technical and fundamental market analysis, copy trading, andautomated tradingare all exciting features that you can access. Alternatively, access CAPEX WebTrader, specifically designed to streamline your trading. It is designed specifically for your CAPEX.com trading account and incorporates all the features of a trading terminal in a user-friendly web-based interface, allowing you to trade comfortably from any browser and operating system. Below is a step-by-step guide on how to access and use MT5. To use MT5, you’ll first need to create an account with a CFD broker or stockbroker. Once you’ve done that, you can set up a live MT5 account or MT5 demo account. After creating an account, you can download MT5 to your chosen device. Once you have downloaded MT5, you can log in with your credentials. When you’re ready to place a trade, go to ‘tools’ and click ‘new order’ (press F9 on your keyboard). This will bring up the ‘order’ window. Once you’ve done that, you’ll be presented with the order window. While the order window can seem daunting at first, here is a quick guide to all the components: *The applicable functionalities Depending on what type of trade you are placing, you’ll then be faced with the following options: Alternatively, you can click“One Click Trading" in the chart context menu. Using this panel you can instantly send buy or sellmarket orderswith specified volumes. You can quickly set Stop Loss and Take Profit for a position on a chart. Click on the position level and drag it up or down. Depending on the direction of the position and dragging direction, a user is prompted to set either Stop Loss or Take Profit. When you move a level, a tooltip appears displaying potential profit (or loss) in the deposit currency and pips that can be obtained if the level triggers. To modify the level on a chart, left-click on it and drag the level up or down to the required value by holding the mouse button (Drag'n'Drop): To monitor your open positions and pending orders open the ‘terminal’ window by pressing Ctrl + T, or by clicking ‘view’ in the toolbar and selecting ‘terminal’. Next, navigate to the ‘trade’ tab. You can close a position or delete a pending order by clicking the small ‘x’ on the far right of the profit column. To modify stops or limits on open positions and pending orders, open the ‘terminal’ window (Ctrl + T) and navigate to the ‘trade’ tab. Right-click on the position or pending order you’d like to edit, then select ‘modify or delete order’ to bring up the order window. You will then have the option to modify or add stops and limits to your position. When you are finished, click the red ‘modify’ button to confirm your changes. MetaTrader 5 offers a range of tools you can use to customize charts. Here’s how to: MetaTrader 5includes a number of ‘objects’ you can use to draw on charts. From left to right in the below image: To draw, simply select the object you want from the toolbar and click on the chart. The width and positioning of some objects are adjusted by moving your mouse as you click on the chart, while others open a separate window for customization. To edit or remove an object, right-click on the chart and then select ‘objects list’ from the menu. This will open a window that displays a list of all the active objects shown on the chart. Select your chosen object from the list then click ‘edit’ to customize the indicator settings or ‘delete’ to remove You can add indicators such as RSI, stochastic oscillator, and Bollinger bands to charts. Simply drag your chosen indicator from the ‘navigator’ window and drop it on top of a chart. This will usually open a window, where you can customize how the indicator is displayed. Alternatively, you can add indicators to a selected price chart using the menu bar. Click ‘insert’ then ‘indicators’ and choose your chosen indicator from the drop-down menu. To edit or remove an indicator that is displaying on a chart, right-click within the chart window then select ‘indicators list’ from the menu. This will open a window that displays a list of all the active indicators shown on the chart. Select your chosen indicator from the list then click ‘edit’ to customize the indicator settings or ‘delete’ to remove. To change the timeframe of a price chart, simply right-click on the chart, select ‘timeframe’, then choose your preferred option from the drop-down menu. Timeframes range from one minute to monthly. You can also change the timeframe of a selected price chart using toolbar buttons. From left to right: To set up a price alert, open the ‘terminal’ window then navigate to the ‘alerts’ tab. Right-click within this window and select ‘create’ from the menu. This will bring up the ‘alert editor’ window where you can customize your price alert. To view your trade history, open the ‘terminal’ window and navigate to the ‘account history’ tab. You can change the date range by right-clicking within the window and selecting one of the following options: Custom period (if you select this option, you can choose a date range in a new window) To produce a trade report, open the ‘terminal’ window and navigate to the ‘account history tab again. Right-click within the window then select one of the following options: Both options will produce a report detailing individual trades (closed transactions, open trades, and working orders) plus an account summary. The detailed report includes additional metrics such as drawdown and profit factor. Mobile trading in MetaTrader 5 — Forex, stocks, cryptocurrencies, and futures can be traded anytime and anywhere. The installation of MetaTrader 5 for iOS or Android on your smartphone or tablet allows you to stay informed with financial information and conduct trade operations in financial markets 24 hours a day. The rich functionality of theMetaTrader 5 trading platformnow fits in your hand. Alternatively, download theCAPEX.com Appfor a customized mobile trading experience. It is designed specifically for your CAPEX.com trading and investing accounts and incorporates all the features of a trading terminal in a user-friendly interface, allowing you to trade comfortably on the go. Download on For Android: To start trading from your mobile device, download MetaTrader 5 from the application storeGoogle Play or by using the Google Play application on your device. For iOS: To start trading from your iPhone or IPad, download MetaTrader 5 oniTunes or from the AppStore application on your iPod Touch/iPhone/iPad. After installation, run the application by tapping the icon on the screen. You can manage multiple trading accounts with MT5, though not at all at once. Follow the steps below to add more trading accounts to your app. For Android: For iOS: For Android: For iOS: A chart shows price changes over time. You can apply different built-inindicatorsto a chart and thus analyze the market. To switch to this tab, use the bottom panel of MetaTrader 5. For Android: For iOS: For iOS: For Android: Here you can display financial instruments (If there are open positions for the symbol, a triangle on the right will show the total floating result of such positions: blue triangle means profit, red means loss), the bid-ask prices, spread, the time of the last quote, the low/high of the day For Android: For iOS: Here’s how you can open, close, or modify an order on the MT5 app for your device. For Android: For iOS: Watch this video to find more additional features on the MT5 App for Android: Journal To keep track of all activity for your session in MT5 on your device, a Journal is automatically kept as you are logged in, and it refreshes daily. Here’s how to access log files in your Journal on your respective device. For Android: For iOS: Stay up to date with the latest economic news, all within the MT5 app on your device. For Android: For iOS: The trading platform can be installed and used on computers that run Mac OS using Wine.Wineis a free and open-source software application that aims to allow applications designed for Microsoft Windows to run on Unix-like operating systems. One of the Wine versions is designed for Mac OS. Note that Wine is not a fully stable application. This means that some functions in the applications you start under it may work improperly or not work at all. The easiest way to install the trading platform is todownload the ready-made package from the official website. Install the platform similarly to any other application — drag the platform icon to Applications and wait for the installation to complete. The trading platform for Mac OS supports the Apple M1 chip and works reliably on any system version including Ventura. The installation package is compiled usingCrossOvertechnology. This platform is based onWine, but unlike other projects and Wine itself, CrossOver is a commercial product. Therefore, its development is much faster: the environment is optimized for better performance of Windows applications, while detected errors are quickly fixed. In contrast to "pure" Wine, CrossOver has a more specialized nature as it is aimed at supporting the most popular office and other Windows applications. Compatibility with these applications is extensively tested and debugged, so they tend to run more stable than in Wine. The trading platform is among these applications. You do not need to have CrossOver on your computer to install the platform from the ready-made DMG package. Accordingly, its use is free. You do not need to download any additional components or make any complex adjustments. The platform is immediately ready to go after being installed from the package. Discover some of the features that make MetaTrader 5 one of the best trading platforms today. The platform provides a wide set of trading tools. It supports four order execution modes: All types of orders are available in the platform, including market, pending, and stop orders. With such a diversity of order types and available execution modes, traders can implement various trading strategies for successful performance in the currency markets and stock exchanges. The platform also features One-Click Trading and provides functions for online trading straight from the chart. The trading platform provides powerful analytical functions. 82 different analytical tools are available for analyzing currency and stock prices, including technical indicators and graphical objects. Here are some examples: The analytical resources of the trading platform are not limited to the built-in indicators only. The trader can additionally use the free Code Base of technical indicators and the Market of trading applications. There are 21 timeframes, from a minute to a month, available for each financial instrument. Up to 100 charts of financial instruments can be opened at the same time. Virtually any trading strategy can be formalized and implemented in the form of an Expert Advisor, which can automatically trade for you. A trading robot never gets tired or suffers from stress; it accurately follows its algorithm and is much more responsive to market changes. The trading platform provides all the necessary tools fordevelopment: the powerful MQL5 language with an integrated development environment, a multicurrency tester for backtesting and optimizing strategies, and the Code Base of free trading robots. Smartphones and tablets are indispensable in trading when you are away from your computer. Use special trading platform versions on your iPhone/iPad and Android devices to trade in the financial markets on the go. You will certainly appreciate the functionality of the mobile trading platforms that include full support for the trading functions, and broad analytical capabilities with MT5 indicators, and other graphical objects. Of course, all these features are available from anywhere in the world 24 hours a day. Use the mobile platform to read financial news and internal emails, as well as for instant messaging with the participants of the most popular website for traders MQL5.community. The platform provides powerful trading tools and a variety of additional services. Copy trading is available through the Signals service. This is an easy way to copy deals of experienced traders. Choose from thousands of signals, subscribe in a couple of clicks and the selected provider's deals will be automatically copied to your trading account. Market is a store where you can purchase or download for free cutting-edge trading robots and technical indicators. An application can be purchased straight from the platform. The purchase procedure is simple and secure. If you cannot find the desired app, order one from professional developers in Freelance. The service provides secure cooperation between the customer and the developer — payment for an application is transferred only after the approval of the resulting program. To ensure the 24/7 operation of your trading robots and copied signals, rent a Virtual Hosting straight from your platform. MetaTrader 5 is an advanced trading platform that gives you access to a range of tools and features to help you carry out analysis and customize your trading experience. These tools can also help you to use and build trading algorithms that can automate your trading. You can enjoy all the benefits of MetaTrader 5 for desktop, web, and mobile with a MetaTrader broker. Alternatively, access theCAPEX WebTraderfor a customized trading experience. It is designed specifically for your CAPEX.com trading and investing accounts and incorporates all the features of a trading terminal in a user-friendly interface, allowing you to trade comfortably on the go.What is MetaTrader 5?
How to use MetaTrader 5 for Desktop
1. Create an account
2. Download MT5
3. Open a position
Instant execution
Pending order
4. Monitor and close your positions and pending orders
5. Modify stops and limits on open positions
6. Customise MetaTrader 5charts
Draw on charts
Add indicators
Change the timeframe
7. Set up a price alert
8. View your trade history
9. Download trade reports
How to use the MetaTrader 5 App on Android and iOS
1. Download the MT5 app
2. Manage accounts
To add a trading account
To switch the active trading account
3. Manage charts
To custom charts
To control Charts
4. Add, remove, and reorder instruments
5. Place trades
To open an order
To set a pending order
To close or modify an order
To open an order
To set a pending order
To close or modify an order
6. Additional features
News
How to Install MetaTrader 5on Mac OS
Why use MetaTrader 5
Trading
Analytics
EURUSD forecast and price prediction Turkish Lira forecast and price prediction Gold forecast and price prediction Oil forecast and price prediction Dow Jones forecast and price prediction Natural Gas forecast and price prediction Silver forecast and price prediction British pound forecast and price prediction Nasdaq-100 forecast and price prediction Algorithmic Trading
Mobile Trading
Additional Services
Summary
FAQs about MetaTrader 5 (MT5)
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