MetaTrader 5, a new version of the popular terminal MetaTrader

Trading Platform MetaTrader 5 is intended to trade on Forex, CFD and Futures, as well as the stock markets. This gives the opportunity to trade on several stock exchanges and financial markets from one account to Metatrader4 It was not possible. Also changed the concept of working with the positions by new orders. Terminal MT5 available in English and Russian interface.

Stock glass (Market Depth)

In addition, realized Metatrader 5 Market Watch - stock glass, but to see it live yet possible. Stock glass - a table or a graphical display of the current sentiment in any market. Otherwise it is called "window applications.

In practical terms, exchange glass may be useful short-term or medium-term traders, as well as pipsovschikam. Using a glass, you see not only the schedule with historical prices, but the real sentiment of the market at the moment. We see that the glass in MT5 yet realized quite pathetic, but let's hope that with time it will make it more funktsonalnym.

Here's how, for example, looks like glass in the terminal Open E Cry:

Prevent locking

Terminal MetaTrader 5 (MT5) now has a drastic difference compared with MT4, d such concepts as the position, the transaction and the warrant. Here each traded instrument can be only one position. Now the order - an order for execution of transaction, which is formed as a result of the transaction. Position of the same - is the amount of positions open on a particular instrument. The figure shows the differences Metatrader4 from Metatrader5:

It is easy to guess that locking will now be prohibited. Good or bad? Turn to the document NFA, which describes the reasons for locking http://www.nfa.futures.org/

At NFA, there are two objections to this strategy. First, its use leads to the fact that customers were losing the opportunity to earn deals. Secondly, its use leads to increased financial costs of clients. In particular, doubling the cost of inputs and outputs on the market. In the OTC market customer, which opens in opposite directions, pay a double commission. Similarly, currency trader pays the full spread on two occasions (buying into the upper boundary of a spread, selling at the lower boundary), instead of paying the average of the spread of input and output. In addition, increases and other costs. In a typical transaction, the customer receives a "percentage" for a long position and pays "interest" on the short position. Because the two positions reflect each other's mirror image, we can expect that the income and payments will be equal to zero. In practice, however, the amount that the client receives a long position is always less than what he pays for the short position. As these transfers occur daily in the rollover of positions, eventually rising losses.

The above costs are an integral part of the strategy, but there are additional losses that may arise under certain circumstances. Forex dealers usually determines the balance of funds in the account, hoping to eliminate the price of a particular position, using the price Bida for long positions and the price offera for short positions.

If the client long enough to hold two opposite positions, it will lead to the fact that his funds could fall below the required level of security deposit. Moreover, if the spread on the currency pair will rise that may occur with increasing volatility in the market or preparing forex dealer to critical market events, customer deposit may be reduced even more rapidly. If an increase in deposit spreads will not meet the minimum requirements for the deposit, the account can be liquidated (margin-call) on unfavorable to the client's costs, despite the fact that the exposure risk for the client is zero.

This strategy also creates opportunities for abuse. Forex broker may advertise this strategy inexperienced clients to earn extra spreads. Experienced client can use this scheme to launder money, incurring losses deliberate on current costs. Managers can use it for fraud and cheating their customers.

Thus, developers Metatrader 5 were pretty good and correct reasons for the changes to work with orders.


Analytical tools Metatrader 5

Analysis of the dynamics of prices of financial instruments - the most important component to successful trading. In MetaTrader 5 developers have tried to give traders as much as possible analytical capabilities.

To services of traders as in the past three kinds of graphs: linear, Japanese candlesticks and bars. For the analysis of these data you can use the 38 built-in technical indicators, 39 graphics and many MQL5-indicators. All of these analytical tools can be combined in different ways: on the indicators can be cast objects to construct indicators from other indicators, and so on. For convenience, the indicators are divided into groups: trend, oscillators, volume, Bill Williams, and others the opportunity to create their own groups and move the indicators between them.

History quotes in the terminal MetaTrader 5 is stored only in the form of minutes and the (M1), and all graphics are built on them. This decision has increased the number of timeframes to 21, and for the analysis of quotations can be used any time, from minute to monthly. The main limitation is the timeframe of their multiplicity: one hour must be an integer minute periods. This rule satisfy the following timeframes: M1, M2, M3, M4, M5, M6, M10, M12, M15, M20 and M30.

Storage format of historical data in the terminal MetaTrader 5 has a high efficiency. For example, the minute quotation history on GBPUSD over ten years is only about 10 megabytes. Pumped the story once, you can build all the graphics on this instrument from M1 and ending with MN1.


Working with orders to MT5

In terms of opening orders in MT5 a lot of innovations. But the dialogue itself has remained virtually unchanged.

In addition to the general rules of execution of orders given by the broker, the trader can specify additional conditions in the field "policy performance" (valid only on the stock market) order window:

1) All or nothing (All or None)
When you specify such conditions, the transaction can be accomplished only in the specified volume and costs equal to or better than specified in the warrant. If the market is currently not present enough of a financial instrument, then the warrant will not be executed.

2) Remove the residue (Cancel)
In this case, a trader agrees to make a deal on the most affordable on the market volume in the range specified in the warrant and at a price equal to or better than this. In this case the missing amount of additional applications not
exposed.

3) Redo (only for deferred execution)
When you specify such conditions the trader agrees to make a deal on the most affordable on the market volume in the range specified in the warrant and at a price equal to or better than this. In this case the missing amount will be put up additional application at the price specified in the warrant.

Add more types of pending orders - they are now six:

• Buy Limit - an order to buy trading at a price «Ask» equal to or better than the price specified in the warrant. At current price level is greater than the value specified in the warrant. Typically, this type of warrant in anticipation that the price, having fallen to a certain level, will increase.

• Buy Stop - an order to buy trading at a price «Ask» equal to or better than the price specified in the warrant. At current price level is less than the value specified in the warrant. Typically, this type of warrant in anticipation that the price, having reached a certain level and continue its growth.

• Sell Limit - an order to the merchant market at a price «Bid» of equal or better than the price specified in the warrant. At current price level is less than the value specified in the warrant. Typically, this type of warrant in anticipation that the price, having to a certain level, will fall.

• Sell Stop - the trade order to sell at «Bid» of equal or better than the price specified in the warrant. At current price level is greater than the value specified in the warrant. Usually this type of warrant in anticipation that the security price reaches a certain level and will continue to decline.

• Buy Stop Limit - this kind of warrant combines the first two types, as a stop order to set a limit order to buy ( »Buy Limit»). As soon as the future price «Ask» reaches the value specified in the warrant, the order will be processed «Buy Limit» at the level specified in the warrant. The current price level is less than the prices, which are to be set pending order.

• Sell Stop Limit - this type of order is a stop order to set a limit order to sell ( »Sell Limit»). As soon as the future price «Bid» reaches the value specified in the warrant, the order will be processed «Sell Limit» at the level specified in the warrant. The current price level is greater than the price at which will be set pending order. And the price of a pending order above the level of its installation.

Autotrading

For the development and use of advisors, custom indicators and scripts in the terminal MetaTrader 5 answers IDE MQL5. It consists MetaEditor 5, MetaTrader 5 Strategy Tester, MetaQuotes Language 5 (MQL5) and the client terminal MetaTrader 5, which are performed by experts. Note that the tester strategies yet, but his ideology is fundamentally different from that to which we are accustomed to in MT4.

Language for programming trading strategies MQL5 has a very high speed and performance on this indicator very close to the language of C + +. In comparison with MQL4 language faster in 4-20 times. This allows you to use more sophisticated experts who are able to handle large amount of information per unit time and, consequently, produce more accurate forecasts of price movements. In addition, new language is object-oriented, which facilitates and accelerates the development of counselors.

To write the expert used a MetaEditor 5, equipped with a new system of IntelliSense. It automatically adds the various language constructs and displays a prompt for the parameters of various functions. Built-in debugger allows you to quickly find mistakes and correct them. After completion of the work and the compilation of the expert, it automatically appears in the terminal and can be immediately put into work in the market.

5 MetaTrader Strategy Tester - a powerful tool for any developer experts. With its help you can get the results of behavior Adviser stories before launching an expert in real trading account. The detailed reports on the trading system will evaluate the advisor and to identify problem areas in it, as well as the expert to compare with other developments. In addition, optimization of experts to determine the most effective options within the variables and make your advisor profitable.

Conclusions

The new platform MT5 significantly better than the previous MT4 - access to the trading floors and object-oriented programming language MQL5 Metatrader raised to a new level. Of course, yet still looks damp and there is a large part of the functional, but with time, Metatrader5 will take a worthy place in the ranking of trading platforms.



Open a free demo account can be directly from the trading terminal MetaTrader 5.


Download Metatrader 5 (7.5 MB)