MetaTrader 5 trading platform overview

The MetaTrader 5 trading platform is designed to service customers in Forex, CFD, Futures and Equity markets as well.

One of the main features that makes MetaTrader 5 superior to MetaTrader 4 is its architecture. A set of functions that were previously performed by one server, are logically divided between separate components in the new platform: a trade server; an access server; a history; and backup server. Such an organisation of internal interaction significantly increases the reliability and performance of the system. This translates to increased productivity, improved fault tolerance, greater stability and faster trade execution.

The MetaTrader 5 Client Terminal is a perfectly equipped trader’s working tool that allows traders to create practically any trading system and actively manage it.  The platform contains all the trading functions a trader will ever need. All types of Orders are supported, with four types of trade Operation Execution available: Instant, Request, Market and Exchange.   

For traders preferring to automate their trading, the new MetaTrader 5 platform is perfect. The MT5 script has been condensed and improved to be more accessible and user friendly. ML5 IDE is a built-in development environment for writing and using EAs, helping traders to automate their trading strategies or write their own technical indicators.  

In MetaTrader 4, you had the standard M1, M5, M15, M30, H1, H4, D1, W1, MN timeframes, but MetaTrader 5 introduces intermediate timeframes into the mix. Built-in indicators and graphical objects are used for quick analysis of quotes and trade decision-making. In summary, the terminal offers 3 types of charts, 21 timeframes and more than 70 analytical tools.

The terminal provides all the necessary tools needed to ensure full-fledged and flexible trading activities. With such a powerful trading arsenal, one can easily detect trends, various figures, entry-exit points and so much more, at just a click of the mouse. 

Here is an overview of the Metatrader 4 Trading Platform architecture.

MetaTrader is from MetaQuotes Software 

 MetaQuotes Software company information

Free FOREX Automatic Trading

You can try out Forex automatic (or manual) trading on your Windows PC and see if it is for you.

Phase I

1. Download and install MetaTrader 5 Forex trading platform. You get a free Forex demo account.

MetaTrader 5

or

MetaTrader 5 software FXDD.com

www.fxdd.com/MetaTrader5     

Start Trading on MetaTrader 5 With A Free $50k Practice Account.


You now have a free Forex trading platform and a demo account.

 Open Metatrader 5. At this point you should be able to trade Forex on your demo account.

Use the View pull down to access Market Watch, Navigator, Toolbox, Strategy Tester. You should try to get familiar with the navigation on MetaTrader 5. Try a manual Forex trade and close it. MetaTrader 5 already comes with Charts, Indicators, Expert Advisors and more!

Full MetaTrader 5 Overview video>

Phase II


2. Download and install the Mover3MkII Expert Advisor.

Free download Mover3MkII

Install MT5 Expert Advisor

If you have installed the Expert Advisor Mover3MKII correctly, you should see it in the Navigator window under Expert Advisor.

Select View/Navigator

3 Open a EURUSD window and set it for 5 minutes M5.

4. Turn on Expert Advisor Mover3MkII in EURUSD window by selecting the expert adviser.

5. To monitor the automatic trades, select View/Toolbox.

You now have Forex Automatic Trading!

Technical Expert Advisor information


Mover3MkII by Bobsley, Winner of Automated Trading Championship 2010 (ATC 2010).


To open positions it uses the signals of Moving Average and Stochastic indicators. EURUSD, M5, every tick, 5-15 lots.

The strategy:

• Open long position: MA increases, Stochastic increases and located below the oversold level.
• Open short position: MA decreases, Stochastic decreases and located above the overbought level.
• Close positions: Stop Loss and Take Profit levels.

Input parameters:

• TakeProfit             =   0.007   -  Take Profit.
• StopLoss               =   0.0035 -  Stop Loss.
• MA_Period             =      76    – Moving Average period.
• Stoch_OverSold     =      30     – Stochastic oversold level.
• Stoch_OverBought  =      70    – Stochastic overbought level.
• Lot                        =   5-15    -  Lots to trade

MetaTrader 5 comes with the MQL5 programming language and a Meta editor.


MetaTrader 5 Help

MetaTrader 5 Automated Trading MQL5

MQL5 Documentation

MetaQuotes Software Corporation