Support
Getting Started
What is MetaTrader 5 (MT5)?
MT5 is a trading platform that allows users to trade various financial instruments including forex, stocks, and futures.
What are the main differences between MT5 and MT4?
MT5 has more advanced features such as multi-threading, more timeframes, and more built-in indicators compared to MT4. Here is a comparison of some of the key differences between MT4 and MT5:
- Asset classes: MT5 supports a wider range of asset classes, including futures and stocks, in addition to forex and CFDs.
- Order execution: MT5 uses a different order execution model than MT4, which may result in faster and more accurate order execution for some traders.
- Programming language: MT5 uses the MQL5 programming language, which is an upgraded version of the MQL4 language used in MT4. MQL5 is more powerful and has additional features compared to MQL4.
- Market depth: MT5 provides more detailed market depth information, which can be useful for traders using high-frequency and algorithmic trading strategies
Can I use my existing MT4 indicators and Expert Advisors (EAs) on MT5?
No, EAs and indicators for MT4 are not compatible with MT5. They will need to be rewritten or replaced with new ones that are compatible with MT5.
How do I install MT5 on my computer?
You can download the installation file from the official MetaTrader website and then run the setup. The installation process is similar to that of other software.
Can I use MT5 on my mobile device?
Yes, MT5 is available for both iOS and Android devices. You can download the app from the App Store or Google Play
Does MT5 have an inbuilt programming language?
Yes, MT5 has a built-in programming language called MQL5, which is similar to MQL4 of MT4.
Is there a difference in cost between MT4 and MT5?
MT5 is generally offered for free by most forex brokers, just like MT4. However, some brokers may charge a small fee for additional features or services.
Can I use MT5 with other brokers?
Yes, MT5 is supported by many forex brokers and you can connect to multiple brokers using the same platform.
Can I trade stocks and futures on MT5?
Yes, MT5 supports trading of stocks and futures in addition to forex.
Can I use a VPS with MT5?
Yes, you can use a Virtual Private Server (VPS) with MT5 to ensure that your trading strategy is running even if your computer is turned off.
Support
Download MetaTrader 5 (MT5)
Download the MT5 platform
Go to the official MetaTrader website and click on the "Download" button for the MT5 platform. Select the version that is compatible with your operating system (Windows, Mac, or mobile device).
Install the platform
Once the download is complete, run the installer and follow the prompts to install the MT5 platform on your computer or mobile device.
Open the MT5 platform
After the installation is complete, open the MT5 platform by clicking on the icon on your desktop or in your program files.
Sign in
To sign in to the MT5 platform, you will need to enter your account information, including your account number and password. If you do not have an account yet, you can register for a new account by clicking on the "New Account" button.
Connect to your broker
Once you are signed in, you will need to connect to your broker's server. You will be prompted to enter your broker's server name, which you can get from your broker's website or support team.
Start trading
Once you are connected to your broker's server, you can start trading. You can place orders, view charts, and use technical indicators to analyze the markets.
Support
Start Trading using MT5
Sign in
Connect to 4T
Once you are signed in, you will need to connect to 4T MT5 server. You will be prompted to enter the server’s name, which was sent to you via email when you registers for an account. If you are having problems finding the account and server details, please contact out support on [email protected].
Customize the platform
Once you are connected to 4T servers, you can customize the platform to suit your trading needs. You can change the color scheme, add or remove technical indicators, and adjust the layout of the platform.
Analyze the markets
MT5 provides various tools to help you analyze the markets. You can use charts, technical indicators, and economic calendars to help you make informed trading decisions.
Place an order
To place an order, you can use the "New Order" button on the toolbar. You will be prompted to enter the trade details such as the symbol, trade size, and stop loss and take profit levels.
Manage your trades
Once your order is placed, you can monitor and manage your trades from the "Trade" tab. You can view the profit and loss of each trade, adjust stop loss and take profit levels, and close trades.
Use Expert Advisors (EAs)
MT5 has a built-in programming language called MQL5, which allows you to create custom trading strategies using Expert Advisors (EAs). EAs can automatically place trades based on specific rules and conditions.
