Trading platform Metatrader 5

28-05-2020

The MetaTrader 5 trading platform is an excellent terminal for players in the financial markets, especially for those who have more than one trading account. The platform terminal supports multi-window mode. Using MT5 makes trading the most convenient and efficient. MetaTrader 5 is considered to be one of the most widely used technologies among traders. Pros: easy and efficient, easy to use for beginners and pros alike.

MetaTrader 5 Web Trading

✅Pros of MetaTrader 5

Any trader who uses the system will tell you that there are a lot of pluses, even in comparison to MT4. Let’s look at them in more detail:

  • The use of any kind of orders. This is an important aspect for experienced traders who are working on complex trading strategies.
  • A huge range of tools for market analysis. MT5 has about fifty such indicators. The wide range of tools makes trading much more predictable.
  • Implemented MQL5. It allows traders to automate the process of data analysis by creating Expert Advisors.
  • Availability of internal indicators that help to create individual analytical tools.
  • Integrated scripts allow closing orders in one click.
  • Large period interval, which helps to build both minute and monthly graphs. The system also has access to the timeframe.
  • A well-established system of notifications through trading signals. The trader will promptly learn about the price changes, reaching the limits, etc.

❌Cons of МetaTrader 5

Unfortunately, no system is perfect, it is impossible to take into account all the nuances. In addition, every trader has their own needs. Some users complain about the impossibility of locking their open positions. Some traders replace them with stop-loss locks.

It has also been noted that some users have complained about the lack of possibility to open several orders on the same instrument and when you open a new order for the same pair, the previous order is changed. It would be fair to say though that the vast majority of traders using the terminal do not have any complaints about the system. The system requirements for installation will satisfy anyone, all you need is Windows XP or higher.

 

Share article with friends


Technical Analysis

UP