MT5 (MetaTrader 5) is a free trading platform and it is a standard trading platform that most brokers provided. The MT5 software allows traders to trade in the financial markets with the necessary tools and resources to analyze markets in real time. Traders can create their own Expert Advisors or use readily available Robots in the marketplace. The MT5 has a built-in marketplace which you can access whenever you login to your trading account. Traders can also find best free EA in the marketplace. The MT5 platform allows traders to implement trading strategies using the MQL5 (Metaquotes Language 5). The MT5 is equiped with a built-in advance MQL5 editor. Traders can run their custom made indicator or expert advisor on Traderscolo, the best VPS for MT5 available in the market.

Features

Trade account management through specialized MetaTrader 5 applications is called Automated Trading or Algorithmic Trading. These applications are referred to as trading robots; they can analyze quotes of financial instruments, as well as execute trade operations on the Forex and exchange markets. Trading robots can perform operations on financial markets and as a result, a trader can be completely replaced.

The MetaTrader 5 algorithmic trading components comprise the specialized integrated development environment MQL5 IDE. This development environment covers the entire cycle of trading application development, allowing the trader to create, debug, test, optimize, and execute trading robots.

metatrader5 automated trading

MetaTrader 5 provides several options for placing orders in the platform for maximum expediency. Orders can be placed through the Market Watch window, from Market Depth, using hot keys or straight from the chart of a financial instrument. With the One Click Trading option an order can be sent with a single click of the mouse.

Comprehensive information about all the orders and open positions is always available in the Toolbox — Trade window. Through the Toolbox window, traders can track their number of orders and positions, open prices, volumes, stop-orders or their account status. Additionally, this tool gives direct access to the detailed history of all deals in one window. metatrader5 automated trading

MetaTrader 5 offers 44 analytical objects: Gann, Fibonacci and Elliott tools, geometric shapes, various channels, and more. Contrary to the technical indicators, the analytical objects must be applied manually. Objects control is intuitive and will not cause any difficulty. In order to apply a tool, a trader only needs to specify a few control points to plot the object. After that, the required analytical object will appear on the screen.

metatrader5 automated trading

Technical analysis is an integral part of successful Forex, Stock, Futures and CFD trading. It helps to identify various symbol trends, define support/resistance levels, forecast price dynamics and much more. In other words, with technical analysis you are allowed to have "a peek into the future" and use this advantage to succeed in trading.

The essence of such a technical analysis software is to study charts of financial instruments using technical indicators and analytical tools. MetaTrader 5 provides a large set of such analytical means. There are 38 technical indicators and 44 graphic objects, which are available for a comprehensive market analysis.

metatrader5 automated trading

MetaTrader 5 offers 44 analytical objects: Gann, Fibonacci and Elliott tools, geometric shapes, various channels, and more. Contrary to the technical indicators, the analytical objects must be applied manually. Objects control is intuitive and will not cause any difficulty. In order to apply a tool, a trader only needs to specify a few control points to plot the object. After that, the required analytical object will appear on the screen.

metatrader5 automated trading

MetaTrader 5 provides built-in tools for comprehensive fundamental analysis — financial news and the economic calendar. The platform gives you straight access to financial news from international news agencies. What is more, the platform also provides daily broadcast of dozens of newsletters from global or national events, influencing quotes of stocks and currencies. Do not forget that financial newsletters help you stay updated and take appropriate timely actions. metatrader5 automated trading

Another important fundamental analysis tool is the Economic Calendar. It provides publications of macroeconomic indicators — the values that describe the economy state of the country they are calculated for. By analyzing the macroeconomic indicators, it is possible to forecast future price movements. Along with the time of the upcoming event, the forecast values are also published in the calendar. In addition, the reported period or the date of a statement are specified.

With the help of fundamental analysis, various events in the Forex, stock markets and other exchanges can be predicted. Such broad availability of tools and features provided in MetaTrader 5, makes the decision process easier and more convenient. Use the MetaTrader 5 fundamental analysis features to improve your trading experience!

metatrader5 automated trading

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