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Trading Platforms

MetaTrader 5 Guide

As we said in the previous article, choosing a platform is a very important step for every trader. Every trader is
suited to something different, and each of us has different preferences.

In today’s article, we will take a look at the MetaTrader5 platform. At first glance, it is a simple upgrade of the
MetaTrader4 platform, but the opposite is true. MetaTrader 5 brings changes and improvements in virtually all
areas compared to MT4. For traders focusing on developing and using automated trading systems it means that
MT5 is faster and more efficient in testing strategies by using a multithreaded approach and the ability to test
multiple currencies at once.

MT5 focuses more on social trading and copying trades, but the main difference of MT5 compared to MT4 is its
focus on multi-asset trading. MT4 is primarily designed for Forex and CFD trading only, but MT5 also allows you to
connect to centralized markets such as commodity and stock exchanges and therefore allows you to trade
directly in stocks, commodities, etc.
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1. MT5 on PC
1.1. Login
1.2. Navigator
1.3. MarketWatch
1.4. Chart window
1.5. Toolbox
1.6. Trade
2. MT5 on Android
2.1. Login
2.2. Bottom bar
2.3. Quotes tab
2.4. Chart Tab
2.5. Trade tab
2.6. History Tab
2.7. Chat tab
2.8. Opening the trade
2.9. Indicator
2.10. Closing the trade
3. MT5 on iPhone
3.1. Login
3.2. Quotes tab
3.3. Chart Tab
3.4. Trade tab
3.5. History Tab
3.6. Open a trade

MT5 on PC
Once downloaded and installed, the first time you open the app you can see, similar to the MT4 version, the
Market Watch tab with a list of selected investment tools and the Navigator tab.

Login

There are two ways to log in to your FTMO account. In the right lower corner, there is a connection tab. Click on it
and press login. There you can enter your login credentials from the FTMO Client Area, and after a successful
connection, you are logged in.

Navigator

If you have already used MetaTrader 5 with a different server, you need to search for the FTMO server in the
Navigator window. You can open it by clicking on the View in the main menu or by pressing CTRL+N
(Command+N on Mac). In the Navigator window, you can switch between different accounts and also quickly
add technical indicators, expert advisors and scripts. Compared to MT4, where we have 61 analytical tools, of
which 30 are indicators, in MT5 we have 82 analytical tools (38 of which are indicators).

To login to a new server, right-click on the Accounts tab and select Open an Account. There you can add a new
broker and select an existing trade account, where you enter the login credentials from the Client Area.

MarketWatch
This window shows the real-time quotes of Bid and Ask prices for each financial instrument that you can trade.
You can open it by clicking on theAcademy
FTMO View in the main
Clientmenu
Area or by pressing
Start FTMOCTRL+M (Command+MLog
Challenge oninMac). By
right-clicking it, you can add additional data such as the current spread, high/low, time of last change, etc. By
right-clicking it you can also show or hide all instruments, see the specifications of chosen instruments, open a
new chart window or enter a new order for the selected instrument.

Chart window

The Chart window is the most important tool for technical traders. Open it by right-clicking on the selected
instrument, or by dragging the symbol into the chart’s window space. By opening the chart, we get access to the
new toolbar called “Charts”. There you can zoom in and zoom out the chart (also by dragging the mouse
sideways on the time scale), change the graphical representations to bars, candles or lines, scroll to the end on
tick incoming or shift the end of the chart from the right border, or save the picture of your chart.

The last thing on the toolbar is the line, which is used for drawing trendlines, horizontal and vertical lines,
channels, Fibonacci retracements, making notes or arrows in your charts, and for using the crosshair for better
navigation.

By right-clicking anywhere in the chart window a small help window will open. In this window you can find
properties, where you can change chart visuals, modify different colours and use some additional settings in the
common tab. In addition, there are more options in the timeframe settings, there are 21 of them in MT 5 (9 in MT
4).

Toolbox

Toolbox is the same as the Terminal in MT4. It gives you snapshots of what is going on in the market and in your
account. You can open it by clicking on the View in the main menu or by pressing CTRL+T (Command+T on Mac).
The Trade tab shows the Balance, Equity, Margin and details of open and pending orders. The Exposure tab
displays the summary information on the volumes of each currency for all open positions. The History tab
displays closed positions and cancelled
FTMO Academypending orders.
Client Area The News
Starttab is used
FTMO for following the market
Challenge Log in events and
trends.

The Mailbox tab is for an internal mailing system which brokers can use for additional communication. The
Calendar tab displays information about some important releases. The Market tab is a secured service where you
can purchase trading robots, technical indicators, and scripts. The Alerts tab shows information about the alerts
you have set. The Articles tab takes you to many articles that can help you with your trading. The Codebase tab
allows accessing the code base published at the MQL5 community right from the client terminal. The Experts tab
is used for Expert Advisors, and the Journal tab shows all performed operations and events.

Trade

There are several ways to open a trade in MT5. Right-clicking on the instrument in the MarketWatch window and
choosing New Order is one of the options, right-clicking on the chart and going on the Trading tab, where you can
set the limit orders as well, but the easiest way is to press the F9 key.

In the small window you can set the volume in lots, the Stop Loss and Take Profit levels, the method of execution –
market or pending orders and the price at which you want to enter the market with a pending order.

You can also use a quick market order once you press ALT + T, which will open the Bid-Ask window on the upper
left corner. You need to accept the

Terms and Conditions in the tools tab here to access the one-click trading feature.

In MT5 traders have more options for filling orders, i.e., in addition to Fill or kill (filled only in the specified volume,
or canceled) also Immediate or cancel (available volume filled, rest canceled) or Return (partial fill of order, rest
not canceled). For pending orders, Stop Limit orders are also available (only Stop and Limit orders can be placed
in MT4).

If you did not set the Stop Loss and Take Profit beforehand, you can modify them in the chart by dragging the
price from the actual price level.

If the price moves in the desired direction, you can set a Trailing Stop by right-clicking on your position in the
trade and choosing the number of points.

Closing a trade without limit orders is also possible. Go to the Terminal tab, and right-click on the trade that you
want to close and click on Close Order or press the X symbol on the right side.

MT5 on Android
 MetaTrader 5 Android Guide | FTMO
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Trading via mobile phones is quite popular today. Some say that it is not the most convenient way to analyse and
trade, but a lot of people love this way of trading, and it suits them.

The Metatrader 5 application is divided into two parts, the main bar and the bottom bar.

Login

To login to your server, go to the main bar and choose Manage Accounts. You can log in there to your FTMO
trading account with your login credentials.

Bottom bar

The bottom bar has six different options that can also be found in the main bar.

Quotes tab

The first tab are the Quotes that show real-time Bid and Ask prices of the selected financial instruments. If you
want to add a new symbol, click on the plus and choose a specific financial instrument. If you want to modify your
quotes in some order or delete some symbols, tap the pencil and modify it.

Chart Tab

This tab is used for viewing a chart of the selected instrument. You can apply different indicators and objects
there. By clicking on the chart, you can change the timeframes and the general settings of a specific chart.

Trade tab

The Trade tab displays your current balance, equity, and margin information on your current positions. It also
shows your open trades.

History Tab

The History tab shows a history of your trades, pending orders and past trades. You can select the trading period
by pressing the calendar and selecting a specific period. To see more details about your trade, click on it and
take a look.

Chat tab

The Chat tab is used for creating and engaging in the MQL 5 trading communities.
Opening the trade

For opening a new trade, go FTMO

to theAcademy
Quotes tab, Client
selectArea
the instrument, choose
Start FTMO the New Order to set
Challenge Logyour
in Stop Loss
and Take Profit and click on the sell or buy button. You can choose from a different type of orders and set the
parameters for them.

If you want to open a trade with just one click, go to Settings and enable it. Be careful that you must accept the
conditions of One-Click trading.

Indicator

If you want to use an indicator for your trading, go to the Chart tab and select the function icon, where you can
choose from various indicators that you can modify and apply to your chart for a specific instrument.

Closing the trade

Go to the Trade tab, choose the order you want to close and swipe it from right to left. You will need to select the
closing order icon and in the next window you will need to confirm it. If you want to close a part of your order,
repeat the same process but reduce the size you want to close.

If you want to modify your order, swipe the instrument again but now click on the icon with a small pencil there for
editing. There you can change your Stop Loss or Take Profit.

MT5 on iPhone

MetaTrader 5 iPhone Guide | FTMO

The Metatrader 5 application is controlled at the bottom bar and everything is managed from 5 icons.

Login

To login to your server, go to the Settings tab and press New Account and enter your login credentials.

Quotes tab

This tab shows real-time Bid and Asks prices of financial instruments. If you want to add a symbol, click on the
plus and use the search bar. By pressing the pencil button, you can modify your existing symbols. You can also
change the View settings from simple to advanced.
Chart Tab

This tab is used for viewing aFTMO

chart of the selected
Academy instruments.
Client Area By pressing
Start the indicator or the object
FTMO Challenge Log in icon, you
can apply different indicators and objects. Timeframes can be changed in the upper left corner, and you can also
quickly execute trades in the upper right corner.

Trade tab

The Trade tab displays your current balance, equity, and margin information on your current positions, and it also
shows all open trades.

History Tab

The History tab shows historical positions, orders, and deals. By clicking on the clock icon in the upper right corner,
you can filter your trade history by symbols and different time periods.

Open a trade

To open a new trade, go to the quotes tab, select the instrument, and select Trade. Then set your Stop Loss and
Take Profit and click on the Sell or Buy button. You can also choose from different types of orders and set the
parameters for them.

If you want to open a trade with one click, go to the chart tab and click on the upper right icon to enable the One-
Click trading. Be careful as you first have to accept the Terms and Conditions of One-Click trading.

Close a trade

Go to the Trade tab, choose the trade that you want to close, hold on to it, and select Close Order. There you will
choose the closing order button. If you want to close only a part of the position, you need to specify the value and
then hit the Close button.

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