Metatrader 5 Trading Platform
Metatrader 5 is the long awaited next generation version of the famous MetaQuotes trading platform. Over 100 forex brokers offer Metatrader 4 as the forex trading platform of choice and soon traders will get to experience the new features of Metatrader 5. Currently there are few brokers offering Metatrader 5 as a platform, but you can be sure that will change. You can get demo accounts with the new platform from some brokers and you may want to do just that to get yourself ready for trading in the 21st century.
Metatrader 5 has been designed to provide all the tools you need to analyze price data and make use of automated trading tools such as Expert Advisors. It is an all in one solution to trading and incorporates not just price data, but also market analysis and the ability to trade forex, futures, stocks and options. With over 80 analytical tools you’ll never run short on options for different ways to look at price data. There are also 21 timeframes available for analysis as well as the ability to open 100 charts simultaneously.
And just like with Metatrader 4, traders can use the open source code base to develop their own indicators and systems using the MQL5 development environment. MQL5 is a powerful programming language that unleashes the true potential of Metatrader 5 and lets you code and implement nearly any trading strategy you can imagine. This will allow traders to use very complex calculations to base their EA’s and trade decisions upon.
Metatrader 5 allows you to enter the market using whatever type of order you like, including stop order, pending order, limit orders and market orders. It also supports 4 types of order execution: Instant, Request, Market and Exchange execution. This diverse range of execution and order types let’s traders use whatever trading strategy works best for successful trading in any market.
The true power and benefits of Metatrader 5 become truly apparent once you begin working with the platform, so your best move now is to download and demo it from one of the forex brokers currently offering Metatrader 5.
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