Instructions using Metatrader 5 in the most easy

Metatrader 5 (MT5) is a popular financial trading platform used by investors worldwide. With cross-platform capabilities and diverse features. MT5 has become a useful tool for investors to execute trades across a variety of markets. Including forex, stocks, and commodities.

However, with many complex features. Using MT5 can be difficult for beginners. So, in this article. Traders, please join Learn Forex Trading to learn about Metatrader 5 and instructions for using MT5 to help new investors learn. And apply this platform more effectively and easily.

MetaTrader 5 (MT5) is an electronLearn Forex Trading platform developed by MetaQuotes Software Corp. Used for financial trading operations on the forex, stock, commodity, and cryptocurrency markets. MT5 offers a wide range of technical analysis tools. Ability to execute automatic trades through the Expert Advisors (EA) system. And allows users to customize. And test your trading strategies on historical data.

MT5 also features high security and multi-language support. Allows users worldwide to use the platform to trade in the financial markets. MT5 was developed as a successor to MetaTrader 4 (MT4). And is considered one of the most popular trading platforms today.

There is some information that Metatrader 5 scam, but that is just because some individuals have no trading experience. So they misunderstand that MT5 is a scam, but in reality, no article or agency has reported such information about MT5.

See more: Financial trading performance: MT5 platform

Instructions for installing MetaTrader 5 for Windows

To install MetaTrader 5 on Windows, you can follow these steps:

Step 1: Download the MT5 web official website of MetaQuotes Software Corp. Here: https://www.metatrader5.com/en/download

Step 2: Once downloaded, run the installation file of MT5.

Step 3: In the MetaTrader 5 Settings window, select the language and press the “Next” button.

Step 4: Read and accept the user agreement, then click “Next”.

Step 5: Choose the default path to install MT5 or customize the path as you like. Then, click “Next”.

Step 6: Select components to install. If you are not sure what to install. Leave the default options and click “Next”.

Step 7: Choose the default folder for MT5 data or create a new folder. Then, click “Next”.

Step 8: Select a name and icon for MT5 on the Start menu and click “Next”.

Step 9: Check your settings on the Settings Summary page. Then, click “Install” to start the installation process.

Step 10: After the installation is complete, click “Finish” to close the window.

Step 11: Start MT5 by clicking the MT5 icon on the screen or accessing it from the Start menu.

Step 12: Log in to your MT5 account to start using the platform.

With these simple steps, you can install and use MetaTrader 5 on Windows. Good luck!

Create an account and trade in MetaTrader 5.

To create an account and trade in MetaTrader 5, you can follow these steps:

Step 1: Download and install MetaTrader 5 on your computer.

Step 2: Open MT5 and select “File” -> “Open an Account”.

Step 3: Choose a reputable broker to open a trading account. If you do not have an account with any broker. You can register a new account directly from MT5 by clicking the “New Demo Account” button. Demo accounts are free and allow you to trade on real markets without using real money.

Step 4: Fill in your personal information in the account registration form. Include name, email address, and phone number.

Step 5: Choose an account type and set a password for your account.

Step 6: Click “Next” to continue registering an account.

Step 7: Confirm the information and agree to the broker’s terms and conditions.

Step 8: You will receive account information and password via email. Use this information to log in to your account on MT5.

Step 9: Your account is ready to trade. You can search and select the currency pair you want to trade and start making your trades.

To deposit money into your MT5 trading account, you can follow these steps:

Step 1: Log in to your MT5 account.

Step 2: Select “Deposit Funds” from the “Tools” menu or click the “Deposit” icon on the MT5 interface.

Step 3: Choose your deposit method from the list of methods supported by your broker. Some popular methods include credit cards, bank transfers, and e-wallets.

Step 4: Fill in the required information. Such as the deposit amount and your credit card or bank account information.

Step 5: Confirm the information and complete the transaction.

Step 6: The deposit amount will be updated to your MT5 account. And you can start trading.

Note that deposit methods and specific requirements may vary depending on your broker. You should always carefully read and comply with the broker’s regulations and conditions. And deposit method before making transactions.

Why trade MetaTrader 5?

There are many reasons to choose MetaTrader 5 (MT5) for trading. Here are some main reasons:

Multifunction

MT5 allows the trading of many different asset types. Including forex, stocks, commodities and cryptocurrencies. This helps diversify trading opportunities and optimize the investment portfolio.

Highly customizable

MT5 offers many customizable tools that allow users to create and use technical indicators. And the trading system follows its method.

Advanced analysis tools

MT5 offers advanced analytical tools. Includes price lists and charts with a variety of graphs. In addition, MT5 also provides basic analysis tools. Such as economic calendar and market news, help minimize trading risks.

Automated trading

MT5 allows users to create automated trading strategies using the MQL5 programming language. This helps optimize risk management and increase control during the trading process.

Multi-platform

MT5 can be used on many different devices. Including desktops, laptops, mobile phones and tablets. In addition, MT5 also supports multiple operating systems, including Windows, iOS and Android.

High security

MT5 provides advanced security technologies to ensure the safety of users’ information and currencies. In addition, brokers also often have strict security policies to protect customer accounts.

Compare MetaTrader 5 with MetaTrader 4

MetaTrader 5 (MT5) and MetaTrader 4 (MT4) are the two most popular trading platforms on the market. Here are some differences between MT5 and MT4:

Multifunction

MT5 supports the trading of many asset types. Includes forex, stocks, commodities, and cryptocurrencies, while MT4 only supports forex and metals trading.

Analysis tools

MT5 offers more complex analytical tools than MT4. MT5 can display multiple charts at once and offers more advanced technical analysis objects.

Programming support

MT5 uses the MQL5 programming language. Helps develop more complex automated trading strategies. Meanwhile, MT4 uses MQL4 language and supports automatLearn Forex Trading programming. But with limited features compared to MQL5.

Reliability and security

MT5 has higher security features than MT4. With multi-factor authentication and secure data encryption. Additionally, MT5 also supports many different server configurations. Helps optimize connectivity and usability.

User interface

MT5 has a more modern user interface and allows users to customize different interfaces. MT4 has a simpler user interface and less customization.

In short, MT5 has more advanced features than MT4. Includes support for trading multiple asset types, more sophisticated technical analysis tools, and higher security features. However, MT4 remains a reliable and popular trading platform. Especially in the field of forex trading.

To use MetaTrader 5 (MT5) to trade the financial markets. You can follow these steps:

1. Install MT5: Download and install MT5 on your device. You can find the appropriate version for your operating system on the MetaQuotes Software Corp. website.
2. Open a trading account: If you don’t have a trading account yet. You need to open an account with a broker that supports trading on MT5.
3. Log in and connect your account: After you have an account. You can log in to MT5 and connect your trading account by entering the login information provided by the broker.
4. Perform market analysis: MT5 offers many market analysis tools such as price charts. Technical indicators, trading signals, news, and economic calendar. You can use these tools to make smart trading decisions.
5. Make the trade: Once you have identified the trading opportunity. You can open a buy or sell order on MT5. You can make manual trades or use Expert Advisors to make automatic trades.
6. Trade management: MT5 offers a variety of trade management tools for you to track open orders, profits/losses, trading history, and currencies used in your account.
7. Withdrawals and deposits: You can withdraw and deposit funds to your account through payment methods supported by the broker.

How to use MetaTrader 5 to Stop Loss and Take Profit

To use MetaTrader 5 to set Stop Loss and Take Profit in trading on the financial markets. You can follow these steps:

Open an order

Before you can set Stop Loss and Take Profit. You need to open a buy or sell order on MT5. You can do this by selecting a currency pair and clicking the buy or sell button on the MT5 interface.

Choose Stop Loss and Take Profit prices

Once you have opened an order, you can choose the Stop Loss and Take Profit prices for that order. You can do this by right-clicking on the order where you want to set Stop Loss and Take Profit and selecting “Create/Change Order” in the menu that appears. In the “Place Order” dialog box. You can choose the Stop Loss and Take Profit prices by entering the number of pips in the corresponding box.

Confirm Stop Loss and Take Profit placement

After you have chosen your Stop Loss and Take Profit prices. You need to confirm your order by clicking the “Place Order” button. Your order will be added to the list of pending orders on MT5.

Order tracking and management

Once your order is activated, Stop Loss and Take Profit will be automatically executed at the price you previously set. You can track your orders by selecting “Trading History” in the “Markets” or “Trade Window”. You can also manage your orders using the order management tools provided on MT5. Includes Trailing Stop and One-Cancels-Other.

How to use MetaTrader 5 with Trailing Stops

In MetaTrader 5, you can use Trailing Stops to minimize trading risks and ensure maximum profits. Trailing Stop is an order management tool that allows you to automatically move your Stop Loss level according to market trends. Here’s how to use Trailing Stop on MT5:

1. Open a buy or sell order: Before you can use Trailing Stop. You need to open a buy or sell order on MT5.
2. Select Stop Loss and Trailing Stop prices: You can select Stop Loss and Trailing Stop prices by right-clicking on your order and selecting “Create/Change Order” in the menu that appears. In the “Place Order” dialog box. You can select the Stop Loss and Trailing Stop prices by entering the number of pips in the corresponding box. Note that the Trailing Stop price must be greater than the Stop Loss price.
3. Order confirmation: After you have chosen the Stop Loss and Trailing Stop price. You need to confirm your order by clicking the “Place Order” button. Your order will be added to the list of pending orders on MT5.
4. Order tracking and management: When your order is activated. Trailing Stop will automatically move according to the up and down trend of the market. If the price moves up, the Trailing Stop level will also increase, helping you protect your profits. If the price drops, the Trailing Stop will stay at the original price or gradually decrease, helping you minimize risk.

One-click trading with MetaTrader 5

One-click trading is a feature of MetaTrader 5 (MT5) that allows fast and convenient trading with just one click. Instead of having to enter transaction order information manually. You can use the “One-click trading” button to open a buy or sell order with previously set parameters.

To use the One-click trading feature on MT5, you need to follow these steps:

1. Enable One-click trading feature: You can activate this feature by right-clicking on the trading chart. Select “One-click trading” in the menu that appears. If this feature has been enabled, you will see a red square on the chart.
2. Set up order parameters: Before using the One-click trading feature. You need to set up the parameters of the trading order. Includes currency pairs, lot sizes, and Stop Loss and Take Profit levels. You can set these parameters in the “Order Settings” tab on the MT5 software.
3. Use the One-click trading feature: When you want to open a trading order quickly. Just click on the red square on the chart. A new window will appear allowing you to confirm the transaction information. Once confirmed, your trading order will be opened immediately.

MetaTrader 5 user guide with sample charts

Template charts in MetaTrader 5 are a feature that allows users to save chart configurations for later reuse. This saves time and simplifies the technical analysis process. Below is a guide to using MetaTrader 5 with sample charts:

1. Create a chart: Start by opening a new chart on MT5. Select the currency pair you want to analyze and drag and drop it into the chart window. You can customize the chart configuration to your liking.
2. Set up a chart: Once you’ve created a chart, you can add technical indicators, support and resistance zones, and custom trendlines. You can set up your configuration on the chart and choose the color and line style displayed for each element on the chart.
3. Save the sample chart: After completing the chart configuration. You can save the chart as a template to use again later. To do this, right-click on the chart and select “Save Template” in the menu that appears. Then, enter a name for your template and hit “Save.”
4. Use a chart template: When you want to use a chart template. Just right-click on any new chart and select “Load Template” in the menu that appears. Select the template you want to use and press “OK”. The new chart will display the configuration previously set up in the template.

Instructions on how to install indicators on MetaTrader 5

To install indicators on MetaTrader 5, you can follow these steps:

1. Open a chart in MT5 by dragging and dropping the currency pair into the “Market Watch” window. Or choose currency pairs from your favorites list.
2. Right-click on the chart and select “Indicators” in the menu that appears.
3. A list of indicators will appear. Select the indicator you want to use and customize its configuration to your liking. Then press “OK”.
4. The installed indicator will appear on the chart. You can re-customize the indicator’s configuration by right-clicking on the indicator and selecting “Configuration” in the menu that appears.

Additionally, you can search and download other indicators on the MT5 developer website. Or from other resources online. Once downloaded, you can install the indicator by copying the indicator file to the “MQL5/Indicators” folder on your computer. Then restart MT5 and search for the indicator in the list of available indicators.

To save a sample trading model on MT5, you can follow these steps:

1. Open a chart in MT5 and create indicators. Trend lines and other objects as you wish.
2. Right-click on the chart and select “Model”.
3. In the menu that appears, select “Save model”.
4. Name your trading model in the “Save Model” dialog box and press “OK”.
5. You can also select “Save objects” to save other objects such as. Trend lines, diagonals, rectangles, and other objects along with your trading model.
6. After saving your trading model. You can use it for other charts by right-clicking on the chart. Select “Model” and choose the trading model you want to use.

Instructions for saving records on MetaTrader 5

To save records on MetaTrader 5, you can follow these steps:

1. Open MetaTrader 5 and log in to your trading account.
2. Click the “File” button in the main menu and select “Profile” from the list of options.
3. In the “Profile” window, you can select “Save” to save your current profile or select “Save As” to save your current profile with a different name.
4. If you select “Save As”, the “Save Profile” dialog box appears and allows you to name and choose a location to save your profile.
5. You can also save profiles automatically by selecting “Save profiles automatically” in the “Profiles” window. When this option is enabled. MT5 will automatically save your records after you finish your trading session.

Note that saving a profile only saves account information. Previous trades and trading history, and do not save chart settings or indicators installed on the charts.

Instructions for viewing chart information on MetaTrader 5

To view chart information on MetaTrader 5, you can follow these steps:

1. Open the chart for which you want to view information.
2. Right-click the chart and select “Properties” in the menu that appears.
3. In the “Chart Properties” window, you can select the “Settings” tab to view chart-related information, including currency pairs, timeframes, and other parameters.
4. If you want to see more information about the indicators or stock lines on the chart, you can select the “Indicators” tab and select the indicators or stock lines from the list.
5. When you select an indicator or stock line, detailed parameters related to the indicator will be displayed in the “Parameters” tab.
6. If you want to see price history on the chart, you can select the “Price History” tab. Here, you can select a specific time and see the price history of the currency pair displayed on the chart.
7. When finished, click the “OK” button to close the “Chart Properties” window.

Note that these steps may vary depending on the version of MetaTrader 5 you are using.

Instructions for displaying time frames on MetaTrader 5

To display timeframes on MetaTrader 5, you can follow these steps:

1. Open the chart for which you want to display the timeframe.
2. Right-click on the chart and select “Time Frame” in the menu that appears.
3. Select the timeframe you want to display. You can also choose custom timeframes by selecting “Custom” and entering the corresponding parameters.
4. When you’re done, click the “OK” button to close the “Time Frames” window.

Note that these steps may vary depending on the version of MetaTrader 5 you are using. Additionally, you can also use keyboard shortcuts to change the timeframe without opening the “Timeframes” menu.

Instructions for displaying Spread levels on MT5

To display Spread levels on MT5, you can follow these steps:

1. Open the chart where you want to see the spread.
2. Right-click on the chart and select “Indicators” in the menu that appears.
3. Select “Spread” in the list of indicators.
4. The Spread will then be displayed on your chart.

Additionally, you can also view the Spread on the “Markets” window by clicking the “Markets” button on the toolbar or by clicking the “F3” button on your keyboard. Spread information for different currency pairs will be listed in the list on the “Market” window.

Instructions for viewing commission fees on MetaTrader 5

To view commission fees on MT5, you can follow these steps:

1. Open the “Markets” window by clicking the “Markets” button on the toolbar or by clicking the “F3” button on your keyboard.
2. Search for the name of the trading account for which you want to view commissions and double-click on it.
3. Then the “Account Information” window will appear. In this window, you can view information about your account including balance, total transaction value, commission fees, and more.
4. To see specific commission fees, look for the “Fees” section in the “Account Information” window. Your commission fee will be displayed below.

Note that commission fees can vary for each exchange and account type. So, check your exchange’s trading terms for detailed information on commission fees.

Instructions for displaying tick charts on MetaTrader 5

To display tick charts on MetaTrader 5, you can follow these steps:

1. Open the chart for the currency pair for which you want to view tick charts.
2. Right-click the chart and select “Tick Chart” from the menu.
3. A new window will appear, displaying tick chart details for the selected currency pair.
4. You can customize the display of the tick chart by right-clicking on the chart and selecting “Properties” from the menu. In the “Properties” window, you can change parameters such as color, size, and width of the tick chart.

Note that the tick chart only displays the number of transactions (ticks) in the market and has no time information. Therefore, tick charts are not a substitute for traditional real-time charts. However, tick charts can give you more detailed information about price movements and market activity.

How to display Range chart on MetaTrader 5

To display the Range chart on MetaTrader 5, you can follow these steps:

1. Open the chart for the currency pair for which you want to view the Range chart.
2. Right-click on the chart and select “Properties” from the menu.
3. In the “Properties” window, select the “Charts” tab.
4. Select “Range” in the chart type list.
5. You can customize the Range value for the chart by modifying the value in the “Value” box in the “Parameters” section. For example, if you want the chart to display prices between 1,000 and 1,100, you can enter the value 100 in the “Value” box.
6. Click “OK” to apply the changes and display the Range chart.

Note that a Range chart is a non-time chart type that allows you to view price fluctuations within a fixed price range. When using a Range chart, instead of viewing prices over time, you will see horizontal bars, represented by vertical lines. Range charts can help you recognize price movements and support trading decisions.

How to display the Renko chart on MetaTrader 5

To display the Renko chart on MetaTrader 5, you can follow these steps:

1. Open the chart for the currency pair for which you want to view the Renko chart.
2. Right-click on the chart and select “Properties” from the menu.
3. In the “Properties” window, select the “Charts” tab.
4. Select “Renko” in the chart type list.
5. You can customize the Renko block size by modifying the value in the “Value” box in the “Parameters” section. For example, if you want the Renko block to be 10 points in size, you can enter the value 10 in the “Value” box.
6. Click “OK” to apply the changes and display the Renko chart.

Note that a Renko chart is a non-time chart type, like a Range chart. It is created by displaying the average value of a fixed number of price blocks, called the “Renko parameter”. When using the Renko chart, you will see rectangular blocks, instead of the traditional Japanese candlesticks or horizontal bars of the Range chart. Renko chart can help you recognize price trends and support trading decisions.

Instructions for viewing all assets on MT5

To view all assets on MetaTrader 5, you can follow these steps:

1. Open the “Market Watch” window by pressing the key combination “Ctrl+M” or selecting “Market Watch” from the “View” menu.
2. If the “Market Watch” window already displays assets, right-click on any space in the window and select “Show All”.
3. If the “Market Watch” window does not yet display assets, right-click on the “Market Watch” window and select “Symbols”. Then, in the “Symbols” window, press the “Show All” button.

After performing the above steps, the “Market Watch” window will display all available assets on the MetaTrader 5 platform. You can use other functions such as searching, sorting, or hiding unnecessary assets.

See more: Instructions for registering an XTB account

Are CFD trades available on MetaTrader 5?

MetaTrader 5 is a multi-asset trading platform that allows you to trade a variety of assets, including contracts for difference (CFDs). Here are some popular CFDs available on MT5:

1. CFDs on stocks: MT5 allows trading CFDs on stocks from many different markets such as the US, Europe, Asia, etc.
2. CFDs on indices: The platform also offers CFDs on financial indices such as S&P 500, Dow Jones, FTSE 100, DAX, NASDAQ, etc.
3. CFDs on currencies: You can trade CFDs on popular currency pairs such as EUR/USD, GBP/USD, USD/JPY, etc.
4. CFDs on commodities: Popular commodities such as crude oil, gold, silver, gas, etc. also available on MT5 as CFDs.

Note that this list is not exhaustive and may vary depending on the exchange you are using. You should check with your broker to see the exact types of CFDs available on their MT5 platform.

To analyze cryptocurrency charts on MetaTrader 5, you can use the following technical and fundamental analysis tools:

Technical indicators

MetaTrader 5 offers many different types of technical indicators, including popular indicators such as MACD, RSI, Stochastic, Moving Average, Bollinger Bands, Fibonacci Retracement, and many others. You can add these indicators to your chart by right-clicking on the chart and selecting “Indicators” or using the keyboard shortcut Ctrl + I.

Trend line analysis

Trend lines are an important tool for cryptocurrency chart analysis. You can use trend lines to identify the main trend of the market and make trading decisions based on it.

Volume analysis

Volume analysis is another tool to measure the strength of market trends. You can use volume to determine whether buying or selling power is dominant in the market.

News and events

Events and news can affect the price of cryptocurrencies. You can use the News window on MetaTrader 5 to monitor important events and news and see how they may affect the price of cryptocurrencies.

Fundamental analysis

Fundamental analysis is an analysis method based on economic, political, and social factors. You can use fundamental analysis to evaluate the upside potential of a cryptocurrency based on the economic, political, and social factors of the country or region associated with that cryptocurrency.

Instructions for using MetaTrader 5 for iPhone

To use MetaTrader 5 on iPhone, you need to download the MT5 application from the App Store. After downloading and installing, you can log in to your trading account on this application.

Once logged in, you will see the main MT5 interface with charts, currency pairs, indicators, and other tools displayed. You can select the currency pair you want to trade and open a new order by clicking the “+” icon on the top right of the screen. You can also view your current positions and placed orders in the “Trade” tab.

Additionally, MT5 offers additional features such as notifications, economic calendars, and financial news to help you stay on track and make smart trading decisions. You can also customize and store chart models and indicators for future reuse.

With MetaTrader 5 on iPhone, you can trade anywhere and anytime with just an internet connection. You can also use Touch ID to quickly and securely sign in to your apps.

Epilogue

After researching and learning how to use MetaTrader 5 through this article of Learn Forex Trading. Hopefully, you have gained more knowledge and skills to perform effective financial transactions. MT5 is a very powerful and flexible trading platform that allows you to monitor and analyze markets from many different angles and execute trades with a variety of assets.

However, don’t forget that financial trading can be risky and needs to be undertaken with a careful strategic plan and sound risk management. If you need more information or have any questions, seek out resources and advice from experts in the financial sector.