MT5_1. Introduction to MT5

Lesson 1: Introduction to MT5

MetaTrader 5 is one of the most popular and latest trading platforms used across the
world. It is also known as a very flexible trading terminal which is usually used for
trading of CFSs and FX. Most of the forex traders consider MT5 as their first choice
as it is very easy to use and it also offers an assortment of add-ons to enhance the
trading experience.

MetaTrader 5 provides an array of opportunities for a pool of actions in the financial
markets, such as trading, analysis (fundamental analysis and technical analysis),
testing of trading strategies, the development and introduction of trading robots, and
development of personalized technical indicators and scripts. This versatility was
designed to equip the user with a complete set of tools so that traders can trade in
any financial market with ease. This post mainly deals with the user guide of MT5
and can be considered as MetaTrader 5 manual pdf.

What is MetaTrader 5?

MetaTrader 5 isn’t just only a trading platform. It’s a complete and highly preferred
trading platform in most financial markets around the world. It’s highly accessible
interface, rich functionality, a straightforward and intuitive logic of trade. MetaTrader
5 works on all Forex and stock markets. If you want to have access to a broader
range of trading opportunities, charts, indicators, technical analysis of quotes, get all
the latest news and developments from all the key financial markets and algorithm
trading, use MetaTrader 5 in your binary options trading processes.

How to install MetaTrader 5?

The installation of MT5 does not take more than a couple of minutes and it is not
very complex either. At first, a trader has to get registered with any given reliable and
authentic agency or broker. After that he/she has to execute the setup file
“mt5setup.exe” and then has to follow instructions as they appear on the screen.
After completing the installation, anyone can easily start using MT5 through a
shortcut on the desktop.

1. Press the link for download of the online trading platform MetaTrader 5 from
the web page of EUROFINANCE, and press ‘Next’.

2. Choose the directory on your computer, in which you want to install the
trading platform MetaTrader 5, and press ‘Next’ to start the installation.

3. Press ‘Finish’ to complete the installation and start the trading platform
MetaTrader 5.

As it is already mentioned that MT4 is very popular among traders because of
advanced features and latest technology, there is one more feature which attracts
traders and that is demo account trading.
How to open the first demo account?
Well, the first and best choice would be to contact your personal account manager
and ask for it. he will be happy to do it for you and take care of everything.
But if you are determined to do it yourself, the proceed as per MetaTrader 5 manual
as it contains certain steps which a trader has to follow for an opening demo
account.
First of all, one has to open MT5, then select a server.

After that, the trader can specify details of an existing trade account or create a new
one.

The next stage of opening an account is specifying personal details, where the trader
will be given a registration form to fill it up:

To prevent providing of incorrect information about the person who opens an
account. Each email address is confirmed once. During the next registration of an
account using the same email, the confirmation stage will be skipped.

Then the trader will have the registration set up.

Just after the completion of the registration page, login details will be shared
automatically on the screen. One can also repeat the same process for a number of
demo accounts he/she want to open.
MetaTrader 5 – Trading Indicators
A technical indicator is the most important tool when it comes to technical analysis.
Technical indicators are used to automatically identify various patterns in the price
dynamics of currencies, shares, and other forms of financial instruments. This
information makes it easy for traders and brokers alike, to make assumptions about
the future price movements, and accordingly, adjust your trading strategies. There
are plenty of technical indicators, but the most famous and popular amongst them
are included into MetaTrader 5. Any trader can use any of these technical indicators
in his trading processes and strategies.
Most technical indicators come with a plethora of settings that enables traders to
adjust the various instruments for specific tasks. The appearance of the indicators
can be controlled by both the analytical parameters and settings. For instance, the
period of the moving average can be changed as well as the thickness, color and
line types of the indicators. Terminal indicators can be positioned either on the price

chart or in the special panes alongside its scale values. This makes it possible to
apply some other indicators. The MetaTrader 5 offers traders a powerful and useful
tool for high-grade intelligence.

MetaTrader 5 – Strategy Tester

Traders can check the quality of the written algorithm by using the strategy tester
built in MetaTrader5. This fantastic tool allows you to determine the efficiency and
choose the best input parameter before running an advisor in trading. MetaTrader 5
strategy tester gives traders multiple testing modes, enabling you to select the
optimum ratio of speed/quality test to fulfill the requirements of traders. One
significant advantage of the MetaTrader 5 strategy tester is the illustration of trade
advisors test results. You can see how much the algorithm earned during the testing
phase. It also shows a broad range of statistical information such as the number of
successful and unsuccessful transactions, the profit and loss percentage, the risk
factors, and much more.

Alerts in MetaTrader 5

When it comes to sending notifications about the important events regarding trading,
few tools are as fast and efficient like the Alerts in the MetaTrader 5. The binary
options trading strategy can be designed to be more mobile and flexible. The
response timing to significant events can be made faster. It can be done if Alerts in
MetaTrader 5 trading platform is used. You don’t have to keep worrying as your
favorable trading time won’t be missed if an alarm is set to alert for the event.
Traders don’t need to sit for hours in front of monitors while watching the sudden
movements of stock quotes and currencies as the right time trading platform will alert
the traders with an email or an audible signal.

Also, by launching different applications and programs, traders can get alerts about
trade event occurrences. For instance, the Binary Options Economic Calendar of
MetaTrader 5 will send you email notifications to your mobile phone via SMS. This
way, you will have all the latest real-time updates and developments happening in all
the main financial markets wherever you are. To give you some perspective, if the
current price of a stock rises at a specified level or there are movements of currency
price quotes, the trading signal will be triggered instantly.

Algorithm Trading with Metatrader5

Algorithm Trading can analyze both prices of financial instruments and directly trade
Forex and stock markets. Soon, these automated trading robots will replace the
human traders across big financial markets. MetaTrader 5 trading platform
incorporates a complete development mode and uses MQL5 IDE automated trading
programs. It comes with all the components to create, test, optimize and execute
directions to trading robots.

MetaTrader 5 Vs. MetaTrader 4: Which Is Better?

The external interface of MetaTrader 5 hasn’t changed that much. The names of the
menu and icons are same as MetaTrader 4, so traders can get the hang of the
software quickly and conveniently. The appearance of the MetaTrader 5 terminal
remains the same as MetaTrader 4. So, the transition to the new and updated
trading platform will not create any big problems to brokers and traders alike, despite
there have been some significant architectural changes between the latest
MetaTrader 5 and the MetaTrader 4. The timeframes in MetaTrader 5 have been
extended: M2, M3, M4, M6, M10, M12, M20, H2, H3, H6, H8, and H12. Another

notable and useful new feature is that a mouse can be used for position control. The
Economic Calendar is a convenient addition to the interface. Now, traders and
brokers don’t need to go to various websites looking for time significant events any
longer.

Lastly, with MetaTrader 5 you can enter into a position with just one click by opening
the Trading tab found in the Market Watch window to make a transaction.

For Conclusion

Now you have a significant knowledge regarding MT5 and how it helps traders for
profitable trading, it is your take that whether you as a trader want to stick with it or
not.