Profitable Trading with MetaTrader 5
MT5 is considered the most advanced platform at the moment. It is ahead of its predecessor MT4 in a number of parameters: the number of functions, the number of tools, improved design, copy trading, and more. This is an advanced system that allows you to trade safely and productively using any asset. The platform offers more indicators, charts, and graphs; you get more information and can customize your strategy to the smallest detail.
MT5 is integrated into modern markets characterized by high dynamism. If you are already registered on MT4 and have experience working in this system, then you can easily upgrade to MT5. To work, you can use any device with the iOS, Android, or Windows system; it is also possible to work in a browser.
After choosing a platform, you would open an account, select MT5, top up your trading account (for at least $100), login by entering your login and password, and start working. As you can see, MT5 has a fast start and you won’t have to wait long for your data to be verified. We remind you that on this platform, you can trade not only currencies but also other assets: futures, options, Bitcoins (using contracts for difference), and so on. If you haven’t chosen a broker yet, then consider AvaTrade, which offers some of the best conditions for starting today. In this article, we talk about the MT5 platform and discuss its capabilities and advantages. By the way, you can follow this Metatrader 5 download link and get started right now.
Safety
First of all, you need to know that when working on the platform, you get a high level of security. Your personal data is hidden, and transactions are compressed and encrypted using 128-bit keys. The probability of hacking your account and intercepting the payment is approaching zero. At the same time, you should be careful about third parties who seek to know your data and banking details. Remember, the platform administration only addresses users through official communication channels; so always check the incoming information. If you have any questions, you can send an official request or get a quick response in an online chat.
Expert Advisors MT5
If you have programming skills, you can create your own robots (EA) running on algorithms and upload them to the platform. You can also purchase robots in the store or try them out for free. If you are unable to set up the robot, then read the guides, watch videos, and check out other training materials that are available on MT5. Professionals advise you to start trading manually and switch to automated trading only when you have found a profitable strategy that generates income over a certain period. You should stay away from suspicious and unlicensed software that scammers can throw at you.
Programming
You can use MQL5, which is a programming language specifically designed for developing financial applications. MQL5 compiles code faster than its predecessor, MQL4. Both of these languages are followers of C++. On the portal, you can find information on creating EA, or you can download ready-made robots. Automated strategies (AS) can bring considerable income if set up correctly. You can adjust the robots’ work interactively. Remember that AS differ from the usual ones in that they are designed for profit over a long period of time. You will have to wait a month or more to see the results of AS’s work. If you’ve never tried EA robots, then you can try them on AvaTrade. In addition to programs, you can create scripts that facilitate your work on the platform: scripts are able to delete indicators on the chart, close positions, inform you about some important event, signal a critical situation, and so on.
Opportunities
On MT5, you can use CFDs, meaning you can profit from the rise or fall of assets without owning them. At the same time, you can try indexes, crypto, ETFs, stocks, and more. The dashboard is very convenient: you can bring commands to frequently used functions to the foreground. You get to choose the diagrams according to your taste. You don’t have to follow other traders; you can customize the dashboard individually using your own preferences. Perhaps there is no platform with such great features as MT5, so this platform is often called professional.
At the same time, beginners can also work here by making a minimum deposit. Sets of user-defined functions can be saved and loaded in the library. You can store them and then use them if needed. To keep up to date with events, you can watch the news provided in streaming mode. To start trading on MT5, you only need to choose a broker (try AvaTrade), register, download the software, and make your first deposit (today it’s only $100). Remember that there are many free features on the platform that will help you succeed in online trading. Try trading on the most advanced MT5 platform and try your own strategies using automated systems. You can check out a strategy tester running in multithreaded mode.
