With the release of MetaTrader 5, many traders avoided the development. They were frightened by the novelty and possible losses due to the complex and unfamiliar terminal. For this reason, the fifth version of the programme remained in the background for a long time, but recently more and more players have been downloading the system to their personal computers. Today we will understand what the ‘five’ is good and what innovations are present in it.
Why can’t an investor do without MetaTrader 5?
Despite its advanced age, MT4 is hugely popular and in some circles is considered the most user-friendly platform. It was launched in 2005, but it still attracts around 80% of traders from all over the world. In this regard, it is not surprising that most beginners choose it as their main trading programme. This decision looks reliable and economically justified, especially for those who start working with a small capital.
However, sooner or later a trader will have to switch to the ‘five’, because the developer plans to gradually stop supporting the 4th version. MT5 conquered the market gradually, but at the moment professionals are buying it more and more often. Thanks to its wide functionality and user-friendly interface, the development is becoming very popular, taking votes away from its predecessor.
Comparing the ‘four’ and ‘five’, you can notice a number of differences. The systems are similar to each other in many ways, including appearance and set of functions, but MetaTrader 5 has much wider capabilities. Having downloaded this development, a trader can create his own robot and automate trading in the most convenient way. Market activities become more advanced, reducing time and effort, but increasing the efficiency of operations.
Advantages of the MT 5 platform
The innovative development of MetaTrader 5 has a lot of advantages over other programmes:
- A trader can connect an unlimited number of accounts. He does not have to buy additional servers, as it is enough to purchase several modules. This innovation allows you to save money and time.
- The price stack, which is demonstrated in the terminal itself, allows you to make even the most daring decisions in MetaTrader 5. Strategies that are based on trading volumes will be executed much easier. Working with new tools and well-thought-out tactics will give good results.
- One-click trading is one of the main advantages of the software development. Activity on the marketplace becomes very simple, because you do not need to perform complex and intricate operations to make a transaction.
- The interface is very simple and intuitive, thanks to which even beginners can join the work. You will not have to study the terminal before trading, because all the functions can be learnt during operations.
- The terminal is actively supported by third-party developers. Companies that release plug-ins and modules switch to the new version of MT, because they have to follow the decisions of the programme creator.
- The possibility of using any orders is provided. Trading MetaTrader 5 is more efficient, because the trader can implement the most difficult strategies, control the level of losses and use pending orders.
- About 50 analytical tools are available. Using them, a trader will quickly and accurately determine the potential direction of a quote. He will understand what trend dominates the market and how long it will last.
- The number of periods has increased to 21. Now the player can observe minute, monthly and other charts. This allows him to make a more accurate entry and exit from the position.
- To improve the strategy, signal messages are offered. They show the optimal points for placing orders, and the user independently decides whether to make a speculative operation.
- The economic calendar is built directly into the terminal. On it you can see more than 600 indicators from 13 major world economies. News about Canada, America, Europe, China and other countries are available here. All information is collected and delivered online without delay. By paying attention to these news, a trader can place an order in time and make money on a sharp price jump.
Due to the above features, many investors are switching directly to MetaTrader 5. User reviews will show how good this platform is and whether it is worth using it in your own speculative activity.
