How to add broker to mt5 ？

MT5 offers a wide variety of functions for the modern CFD and exchange market trader. Heres a comprehensive guide on how to use MetaTrader 5 for Desktop and Mobile.

What is MetaTrader 5？

MetaTrader 5 (MT5) is one of the most advanced multi-asset trading platforms in the world today. Developed by MetaQuotes in 2010, MT5 is an upgrade to MetaTrader 4, probably the most popular platform for online trading ever, released 5 years earlier.

Although it is most associated with forex trading, MetaTrader 5 can be used to trade a wide range of markets including shares, indices, cryptocurrencies, and commodities, via CFDs. MetaTrader 5 also allows trading on exchanges (real shares and funds) and futures, a key add-on compared to the old MT4.

Rich trading functionality, technical and fundamental market analysis, copy trading, and automated trading are all exciting features that you can access.

How to use MetaTrader 5 for Desktop

Below is a step-by-step guide on how to access and use MT5.

Create an account

To use MT5, you‘ll first need to create an account with a CFD broker or stockbroker. Once you’ve done that, you can set up a live MT5 account or MT5 demo account.

Download MT5

After creating an account, you can download MT5 to your chosen device. Once you have downloaded MT5, you can log in with your credentials.

Open a position

When you‘re ready to place a trade, go to ’tools‘ and click ’new order‘ (press F9 on your keyboard). This will bring up the ’order window.

Once you‘ve done that, you’ll be presented with the order window.

While the order window can seem daunting at first, here is a quick guide to all the components:

Symbol – this drop-down menu allows you to select which market you would like to trade

Volume – for a CFD account this is the number of contracts you would like to trade

Stop loss – if you want to use a stop to close the trade if it moves against you, enter your desired level here

Take profit – if you want to use a limit to lock in profits, enter your desired level here

Comment – a small space to leave a comment about a particular trade; or for more advanced trade-management purposes

Type – choose ‘instant execution’ if you want to place your trade the moment you select either ‘buy’ or ‘sell’. Alternatively, select ‘pending order’ if you want to choose the level at which your trade opens

The applicable functionalities

Depending on what type of trade you are placing, youll then be faced with the following options:

Instant execution

Enable maximum deviation from the quoted price – trades can sometimes be rejected if prices move suddenly as you place them. If you would still want to place the trade within a certain price range, check the box and fill out the ‘maximum deviation’ in pips (from the current price) that you would be willing to accept

Buy or sell – when you‘re ready to place your trade, click ’buy‘ if you think the market will rise in value, or ’sell if you think it will fall. This will place your trade

Pending order

Type – choose the type of order you want to place, from ‘buy limit’, ‘sell limit’, ‘buy stop’, and ‘sell stop’. Discover the difference between stop and limit orders

At price – select the price level at which you want your order to be triggered (note: for some order types you will be dealt at a market level, irrespective of whether your chosen level is breached)

Expiry – check this box to specify a date and time for your order to expire if the market does not reach your ‘at price’

Place – click this button when you are ready to place your order

Alternatively, you can click “One Click Trading” in the chart context menu. Using this panel you can instantly send buy or sell market orders with specified volumes.

You can quickly set Stop Loss and Take Profit for a position on a chart. Click on the position level and drag it up or down. Depending on the direction of the position and dragging direction, a user is prompted to set either Stop Loss or Take Profit.

When you move a level, a tooltip appears displaying potential profit (or loss) in the deposit currency and pips that can be obtained if the level triggers.

To modify the level on a chart, left-click on it and drag the level up or down to the required value by holding the mouse button (Drag'n'Drop):

Monitor and close your positions and pending orders

To monitor your open positions and pending orders open the ‘terminal’ window by pressing Ctrl + T, or by clicking ‘view’ in the toolbar and selecting ‘terminal’. Next, navigate to the ‘trade’ tab. You can close a position or delete a pending order by clicking the small ‘x’ on the far right of the profit column.

Modify stops and limits on open positions

To modify stops or limits on open positions and pending orders, open the ‘terminal’ window (Ctrl + T) and navigate to the ‘trade’ tab. Right-click on the position or pending order you‘d like to edit, then select ’modify or delete order to bring up the order window.

You will then have the option to modify or add stops and limits to your position. When you are finished, click the red ‘modify’ button to confirm your changes.

Customise MetaTrader 5 charts

MetaTrader 5 offers a range of tools you can use to customize charts. Heres how to:

Draw on charts

MetaTrader 5 includes a number of ‘objects’ you can use to draw on charts. From left to right in the below image:

Cursor

Crosshair

Draw vertical line

Draw horizontal line

Draw trendline

Draw equidistant channel

Draw Fibonacci retracement

Draw text

Draw text label

Arrows

To draw, simply select the object you want from the toolbar and click on the chart. The width and positioning of some objects are adjusted by moving your mouse as you click on the chart, while others open a separate window for customization.

To edit or remove an object, right-click on the chart and then select ‘objects list’ from the menu. This will open a window that displays a list of all the active objects shown on the chart. Select your chosen object from the list then click ‘edit’ to customize the indicator settings or ‘delete’ to remove

Add indicators

You can add indicators such as RSI, stochastic oscillator, and Bollinger bands to charts. Simply drag your chosen indicator from the ‘navigator’ window and drop it on top of a chart. This will usually open a window, where you can customize how the indicator is displayed.

Alternatively, you can add indicators to a selected price chart using the menu bar. Click ‘insert’ then ‘indicators’ and choose your chosen indicator from the drop-down menu.

To edit or remove an indicator that is displaying on a chart, right-click within the chart window then select ‘indicators list’ from the menu. This will open a window that displays a list of all the active indicators shown on the chart. Select your chosen indicator from the list then click ‘edit’ to customize the indicator settings or ‘delete’ to remove.

Change the timeframe

To change the timeframe of a price chart, simply right-click on the chart, select ‘timeframe’, then choose your preferred option from the drop-down menu. Timeframes range from one minute to monthly.

You can also change the timeframe of a selected price chart using toolbar buttons. From left to right:

M1 (1 minute)

M5 (5 minutes)

M15 (15 minutes)

M30 (30 minutes)

H1 (1 hour)

H4 (4 hours)

D1 (1 day)

W1 (1 week)

MN (1 month)

Set up a price alert

To set up a price alert, open the ‘terminal’ window then navigate to the ‘alerts’ tab. Right-click within this window and select ‘create’ from the menu. This will bring up the ‘alert editor’ window where you can customize your price alert.

View your trade history

To view your trade history, open the ‘terminal’ window and navigate to the ‘account history’ tab. You can change the date range by right-clicking within the window and selecting one of the following options:

All history

Last three months

Last month

Custom period (if you select this option, you can choose a date range in a new window)

Download trade reports

To produce a trade report, open the ‘terminal’ window and navigate to the account history tab again. Right-click within the window then select one of the following options:

Save as Report

Save as Detailed Report

Both options will produce a report detailing individual trades (closed transactions, open trades, and working orders) plus an account summary. The detailed report includes additional metrics such as drawdown and profit factor.

How to use the MetaTrader 5 App on Android and iOS

Mobile trading in MetaTrader 5 — Forex, stocks, cryptocurrencies, and futures can be traded anytime and anywhere. The installation of MetaTrader 5 for iOS or Android on your smartphone or tablet allows you to stay informed with financial information and conduct trade operations in financial markets 24 hours a day. The rich functionality of the MetaTrader 5 trading platform now fits in your hand.

Download the MT5 app

For Android:

To start trading from your mobile device, download MetaTrader 5 from the application store Google Play or by using the Google Play application on your device.

For iOS:

To start trading from your iPhone or IPad, download MetaTrader 5 on iTunes or from the AppStore application on your iPod Touch/iPhone/iPad.

After installation, run the application by tapping the icon on the screen.

Manage accounts

You can manage multiple trading accounts with MT5, though not at all at once. Follow the steps below to add more trading accounts to your app.

To add a trading account

For Android:

Open MetaTrader 5 and select Manage Accounts from the main menu.

Tap the icon and enter “your broker” into the search then select it.

Enter your trading accounts number, trading account password, and the correct server, then tap Login.

The trading account is added to the Accounts tab.

For iOS:

Open MetaTrader 5 and select Settings.

Tap New Account and enter “your broker” in the search bar. Select the trading server appropriate for your trading account.

Enter your trading accounts number and trading account password, then tap Sign In.

To switch the active trading account

For Android:

Open MetaTrader 5 and select Manage Accounts from the main menu.

Tap the trading account you wish to make active in the Accounts tab, enter the trading accounts credentials if prompted, then Sign In.

MetaTrader 5 will now be logged in with that trading account.

For iOS:

Open MetaTrader 5 and go to Settings.

Tap the arrow next to the account displayed at the top of the page. You will find all the accounts logged in to on the app.

Tap on any account to log in.

MetaTrader 5 will now be logged in with that trading account.

Manage charts

A chart shows price changes over time. You can apply different built-in indicators to a chart and thus analyze the market. To switch to this tab, use the bottom panel of MetaTrader 5.

To custom charts

For Android:

Run the “Chart” menu command in the “Quotes” tab to open a chart of a financial instrument.

Use the radial menu to switch between the timeframes, attach indicators to a chart, apply objects to a chart, enable crosshair, or open chart settings.

To measure the distance from one point on a chart to another, set the crosshairs with one finger at the first point, hold it, and swipe the screen with another finger to the second point.

To resize an indicator sub-window, long tap (about 1 second) anywhere on the chart. Specify the desired sub-window size by dragging its upper border.

For iOS:

To open a chart of a financial instrument, run the “Chart” menu command in the “Quotes” tab.

Switch between timeframes using the top panel of the chart.

To quickly perform trading operations straight from the chart. Tap the “One Click Trading” icon above the chart.

Tap the “pending order” icon on the chart, and then drag the newly added order line to the desired price level to place pending orders.

To add Stop Loss and Take Profit to your order, tap “SL” and “TP”. Next, drag the appropriate lines to the required price levels.