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MetaTrader 5: The Complete Guide

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MetaTrader 5 The powerful, automatic trading platform provides sophisticated tools to make profitable trading analysis as well as trades in market for financial instruments. Apart from Forex and CFDs, the MT5 platform lets you trade CFDs, Stocks and Futures. It comes with a variety of kinds of order types and execution options which allow traders to utilize customized trading strategies even when their machines are not operational.

What exactly is MetaTrader 5?

MetaTrader 5 (MT5) is an application that lets traders to trade stocks CFDs, Stocks, Forex, and Futures. With MT5 traders are able to use software for trading that uses algorithms to automate trades, which includes trading robots as well as Expert Advisors (EA). You can create yourself EAs or import existing EAs into the ดาวน์โหลด MT5 platform.

Below are additional characteristics of MT5:

Multiple open job
A precise analysis of fundamental and technical aspects
Up to 100 stock quotes and charts for currency
21 different timeframes

The top attributes of MetaTrader 5

Predicts market direction

MT5 provides a variety of tools to analyze prices for complete analysis as well as forecasting. It comes with 38 technical and 39 graphic indicators to help be able to understand market movements and direction better, aside from the built-in indicators.

It supports the market’s advanced Depth feature.

MT5 comes with Market Depth that lets you determine the most competitive offers and bids for the asset you are interested in. It provides you with information about the liquidity of the security’s market and also the number of active order to buy or sell at various prices. A higher market depth indicates that the odds of major trades being affected by minor price fluctuations are less likely.

Technical and fundamental analysis that is accurate

MT5 provides a variety of advanced tools for technical and fundamental analysis. MT5 offers advanced inbuilt reports that allow you to analyse trading activities quickly. These reports are able to track both the initial and final figures of the instrument. They can also predict price movements with a minimum deviation.

Automated trading

Automated trading means that MT5 can trade for you and perform trades even when your computer is not in use. With the help to automate, MT5 allows you to handle large amounts of information and multiple orders faster without any intervention on your part.

Top MetaTrader 5 Indicators

Trend Indicators

Trend indicators are utilized to detect trends in markets , and can help predict the future price.


The Envelope is created by two Moving Averages, one moving upwards, and the other downwards. This indicator indicates the upper and lower margins of the range of prices for a security.

Moving Average

This Moving Average trend indicator indicates the price average of the security at the specific period of moment in time.

Standard Deviation

Standard Deviation shows the volatility in the market of the security. It depicts the price fluctuation. If its value is very high then the market is highly unstable.

Bollinger Bands

Bollinger Bands are indicators of trend that show the price fluctuation of a security over time. The bands get wider when the market is unstable and narrow when it’s less volatile.

Average Directional Movement Index (ADX)

It is the ADX technical indicator assists in identifying the price trend that is currently in place over a time. It can help eliminate false signals and ensures that only price movements with significance are taken into consideration.

Oscillator indicators

Oscillator indicators show the price variance in the particular security from the value average. It can help predict a possible trends in the market.

The Average True Range (ATR)

The ATR indicator measures that the volatility of the market. A greater ATR value may indicate that an upcoming trend reversal is expected shortly.

Williams Percent Range (Williams percentR)

Williams %R can help determine whether an asset is either overbought or sold. If it displays a value between 80% and 100 percent, this means it is an oversold marketplace. If the value is between 20 to 0 percent, it indicates the market is overbought.


The Momentum indicator is a measure of the price fluctuations of an investment over a specific time. It can be utilized together with moving average convergence divergence. The Momentum signals an order signal when it increases, and the sell signal is sent in the event that it decreases.


The DeMarker indicator is a tool to compare the maximum price of the present period with the highest price for the preceding period. If it is less than 30 it signals an indication of a bullish reversal trend. If it exceeds 70, it will send the signal of a bearish reversal trend.

Commodity Channel Index (CCI)

CCI determines the value of the commodity’s deviation from its average. When the price for the commodity channel is greater than the average price the CCI sends the signal of a price increase. While a signal of low price is transmitted in reverse.

Volume indicators

Volume indicators are used to determine the volume of trade. It could refer to the number of transactions completed in a particular time period or the amount of price fluctuations within a specific time period.


Volume is the amount of price fluctuations in a given time. It is comprised of green bars that is the bar’s volume which is higher than the previous bar and an orange bar, meaning a lower volume in trade as compared to the previous.

OBV, or On Balance Volume (OBV)

The indicator is a way to measure volume in relation to the price movement of an investment. If the price of the security is higher than the OBV movement, it suggests an upward trend. A bearish market can be predicted when it is less than the value of the security.

Money Flow Index (MFI)

MFI analyzes the selling and buying pressure on an asset by prices and volumes. It also analyzes the flow of funds into and out of the asset over a specified time.

Accumulation and distribution (A/D)

A/D is calculated by the fluctuation in the volume and price of the security. If it rises in value the security sends the signal to buy and the reverse is true.

Bill Williams indicators

They are part of the system for trading that was developed by Bill Williams, an American businessman and writer of books on the field of trading psychology Bill Williams.


A fractal is a way to identify the market’s most and least price changes. An upwards fractal consists of five bars, and two of them are prior to and following the top point of an market. Lowest lows are determined by the bar that is the lowest located between the two high lows prior to and following the bar with the lowest low.

Amazing Oscillator

The amazing oscillator indicator gauges the pace of market activity using the help of a 34-period Moving Average. If the histogram is higher than zero, it signals an order signal. If the histogram falls below zero, it will send an sell signal.

Market Facilitation Index

This indicator tracks the changes in the prices of an investment. If it is moving with the direction of the volume it means that price movements have increased in the speed. If the two are moving from opposite direction, it indicates that there confusion between buyers and sellers.

Gator Oscillator

Gator illustrates the degree of convergence and divergence within the market. It’s indicated by a histogram which plots the distance between green and red averages. Red bars that are contracting indicate an increase in the trend, while the expanding green bars suggest it is increasing in momentum.

Williams Alligator

This indicator employs three Moving Averages consisting of 5 eight and 13 times. It is a Williams Alligator identifies sudden trends with smoothed Moving averages.