MetaTrader-5 Platform Review
MetaTrader5 (MT5) is the 5th platform of MetaQuotes and enables trading on Forex, options, and stock-markets. MT5 offers a wide variety of tools to analyze price dynamics and to use automated trading programs (trading robots or Expert Advisors).
The Basic Features of MetaTrader-5
-MT5 provides more than 79 analytical tools like graphic objects and technical analysis of quote dynamics.
-MT5 tools include technical analysis, fundamental analysis, alerts, automated programs, and multi-currency strategy tester.
-MetaTrader 5 Trading Platform includes several sets of indicators like MACD, Bolinger Bands, Moving Averages and Parabolic SAR.
-21 timeframes available for each marketÂ security.
-MT5 offers the ability to open up to 100 charts at the same time.
-MT5 enables the use of free Code Base or the creation of personalized technical indicators using MQL5 language.
-The Metatrader5 platform provides four (4) main types of order execution: Instant, request, market and exchange execution. All of these orders contain market orders, pending orders, and stop orders.
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MetaTrader 5 Basic Structure
MetaTrader5 provides Algorithmic Trading using MQL5 language (MetaQuotes Language 5). MT5 includes a full-featured Integrated Development Environment (IDE) that contains several components that allow traders to create, edit and execute automated trading software. In MT5 platform trading programs are also called as Expert Advisors or Trading Robots.
Automated Trading with MetaTrader 5MetaTrader 5 client terminal is designed on the MetaQuotes Language 5 Integrated Development Environment (MQL4 IDE).» Visit MQL5 AutomatedBasic Steps for Automatic Trading using MetaTrader5 Automated Platform Before you start automated trading you should: 1) Find a reliable Forex Broker with significant low spreads 2) Train on a Demo account before the trade for real money 3) Learn how to read and evaluate statistics of Expert Advisors 4) Learn about MT5 Expert Advisors Win / Lose ratio. 5) Identify and deal with overall trading portfolio risk
Download Meta Trader 5 for mobile devices
MetaTrader 5 supports iPhone and Android mobile devices. MetaTrader5 mobile platform provides functional Forex trading using many technical indicators.
The MT5 iPhone application may be used on iPhone 3G/3GS/4, iPod Touch and iPad with iOS 4.0 and higher.
MetaTrader 5 for Android requires Android OS 2.1 or higher.
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