MetaTrader 5 Guide

Complete guide to using MT5 platform. Learn charts, indicators, orders, Expert Advisors, and advanced features.

What is MetaTrader 5?

MetaTrader 5 (MT5) is the most popular trading platform for forex and CFD trading. It offers advanced charting, technical analysis tools, automated trading with Expert Advisors, and access to multiple financial markets. MT5 is used by millions of traders worldwide and is considered the industry standard.

Key MT5 Features

Advanced Charting

Professional charts with 21 timeframes, 38+ technical indicators, and drawing tools.

  • •Multiple chart types: candlestick, bar, line, tick
  • •21 timeframes from M1 to MN1
  • •38+ built-in technical indicators
  • •Drawing tools: trendlines, Fibonacci, shapes
  • •Customizable chart templates

Market Watch

Real-time price quotes for all trading instruments.

  • •View bid/ask prices in real-time
  • •Monitor multiple symbols simultaneously
  • •Quick order placement from Market Watch
  • •Customizable columns and display
  • •Price alerts and notifications

Order Management

Place and manage orders with advanced execution types.

  • •Market orders: instant execution
  • •Pending orders: Buy Limit, Sell Limit, Buy Stop, Sell Stop
  • •Trailing stop for automatic profit protection
  • •One-click trading for fast execution
  • •Order history and trade journal

Expert Advisors (EAs)

Automated trading robots that execute trades based on algorithms.

  • •Create or download EAs from MQL5 marketplace
  • •Backtest strategies on historical data
  • •Run multiple EAs simultaneously
  • •Optimize parameters for best results
  • •Monitor EA performance in real-time

Multi-Asset Trading

Trade forex, stocks, commodities, and indices from one platform.

  • •Forex: 50+ currency pairs
  • •Stocks: thousands of instruments
  • •Commodities: gold, oil, silver
  • •Indices: major global indices
  • •Cryptocurrencies (on some brokers)

Mobile & Web Trading

Access your account from anywhere with mobile and web platforms.

  • •MT5 mobile app for iOS and Android
  • •Web terminal for browser trading
  • •Synchronized across all devices
  • •Push notifications for trades
  • •Full account management on mobile

Getting Started with MT5

1

Download MT5

Download MetaTrader 5 from your broker's website or the official MT5 website.

2

Install & Login

Install the platform and login with your trading account credentials.

3

Navigate Interface

Familiarize yourself with Market Watch, Charts, Terminal, and Navigator panels.

4

Open Charts

Right-click on a symbol in Market Watch and select 'Chart Window' to open a chart.

5

Add Indicators

Right-click chart → Insert → Indicator. Choose from Moving Averages, RSI, MACD, etc.

6

Place Orders

Right-click chart → Trading → New Order. Set volume, stop loss, and take profit.

Popular MT5 Indicators

Moving Average (MA)

Identify trends and support/resistance levels

RSI (Relative Strength Index)

Measure overbought/oversold conditions

MACD

Identify trend changes and momentum

Bollinger Bands

Measure volatility and potential reversals

Fibonacci Retracement

Identify potential support/resistance levels

Stochastic Oscillator

Find entry and exit points

ADX (Average Directional Index)

Measure trend strength

Ichimoku Cloud

Comprehensive trend and support/resistance analysis

MT5 Pro Tips

  • •Use keyboard shortcuts for faster trading (F9 for new order, F10 for Market Watch).
  • •Save chart templates with your favorite indicators and settings.
  • •Use the Strategy Tester to backtest trading strategies before going live.
  • •Set up price alerts to be notified when price reaches certain levels.
  • •Customize toolbars to have quick access to frequently used features.
  • •Use the Depth of Market (DOM) to see order book depth and liquidity.
  • •Enable 'One-Click Trading' for faster order execution.
  • •Regularly backup your settings, templates, and EAs.

Practice using MT5 on our demo account.