MetaTrader 5 is a popular trading platform used by traders around the world to trade forex, stocks, commodities, and other financial instruments. This software is renowned for its wide range of features and powerful analytical tools.
Whether you are an experienced trader or an eager beginner looking to understand and master MetaTrader 5, this comprehensive guide on the free platform will provide you with all the necessary details. In this tutorial, we will begin by addressing key questions that may occupy the minds of novice traders and gradually move toward more specialized and complex topics. The ultimate goal of this guide is to turn you into a skilled and proficient MetaTrader 5 user and to enhance your level of analysis and trading performance in the financial markets.
Additionally, to properly understand the principles of interest rates, you need to attain full knowledge and awareness, which requires access to credible and high level learning resources. Education is a fundamental pillar on the path to success in any field, including forex. In this context, the “Zero to One Thousand Forex” course by Mohammad Ahangari serves as one of the most prominent free educational resources for Iranian traders. This course delivers a comprehensive and complete understanding of basic to advanced concepts in forex trading, playing a crucial role in enhancing the knowledge and skills of its audience.
While both MetaTrader 4 and MetaTrader 5 are popular trading platforms used by traders around the world, there are significant differences between the two versions that should be considered before choosing the right platform for your needs.
1. Tools and Indicators:
MetaTrader 5:Offers a more advanced and diverse set of tools and technical indicators, with up to 30 tools and 89 indicators available. In contrast, MetaTrader 4 comes with 30 tools and 46 indicators.
Charts:MetaTrader 5 provides more chart types, including Renko, Kagi, and Tick charts. It also allows for 21 different timeframes compared to only 9 in MetaTrader 4.
Deeper Market Analysis:MetaTrader 5 includes features like Depth of Market (DOM) and tick charts, enabling a more detailed analysis of market activity.
2. Order Types:
MetaTrader 5:Offers more advanced order types such as trailing stop orders and OCO (One Cancels the Other) orders, giving you more flexibility in managing your trades.
3. Market Coverage:
MetaTrader 5:Supports a wider range of markets including forex, stocks, futures, bonds, and commodities. In contrast, MetaTrader 4 is primarily focused on the forex market.
4. User Interface:
MetaTrader 5:Features a more modern and customizable interface, which may be more user friendly for new traders.
5. Performance:
MetaTrader 5:Is generally considered to be faster and more efficient than MetaTrader 4.
6. Popularity:
MetaTrader 4:Remains the more widely used platform and is supported by a larger number of brokers.
Choosing the Right Platform:
Choosing between MetaTrader 4 and MetaTrader 5 depends on your individual needs and preferences. If you're looking for a trading platform with more advanced tools and indicators, additional order types, broader market coverage, and a modern user interface, MetaTrader 5 is likely the better choice.
However, if you prefer a stable and reliable platform with widespread popularity and broader broker support, MetaTrader 4 may be more suitable for you.
Accessing the Account Opening Page:
Choosing the Account Type:
Entering Account Information:
Identity Verification:
To get started with the powerful MetaTrader 5 trading platform, follow the steps below:
1. Visit the official MetaTrader 5 website:
Go to
metaquotes.netand click the "Download" button.
2. Select the version appropriate for your operating system:
After completing the form, you will be automatically redirected to the download page. On this page, select the version that matches your operating system. MetaTrader 5 is available for a wide range of platforms including Windows, Mac, Android, iOS, and Linux.
Once you have selected the appropriate version, click the "Download" button. The installation package will be automatically downloaded to your system. After the download is complete, run the installer and follow the instructions displayed on the screen.
Here is the English translation of your provided text, accurately rendered by a professional financial markets translator, without any alteration to the original structure:
After downloading the MetaTrader 5 software, locate the installation file in your Downloads folder or wherever downloaded files are saved.
Launching the Software:
After the installation is finished, you can launch the software by clicking on the MetaTrader 5 icon that has been created on your desktop.
With the release of macOS Catalina, Apple discontinued support for 32 bit applications. This change affected a wide range of software, including popular trading platforms like MetaTrader.
Parallels Desktopoffers an ideal solution for maintaining the functionality of MetaTrader on macOS Catalina. This powerful software allows you to run a virtual machine on your Mac operating system and use both Windows and macOS simultaneously.
Benefits of Using Parallels Desktop:
Parallels Desktop is an essential tool for traders using macOS Catalina who wish to continue using Meta Trader 5 and other Windows applications. This powerful and flexible software allows you to continue your trading activities without interruption.
This guide provides the necessary information for installing Meta Trader 5 on Ubuntu Linux. Ubuntu is selected as the base operating system due to its popularity.
Pre Installation Considerations:
To run Meta Trader 5 on Ubuntu, you will need the free softwareWine. Wine acts as a compatibility layer, enabling Windows programs to run on Linux.
Despite Wine's functionality, complete stability is not guaranteed. Some program features may not work properly or may experience issues.
To achieve the highest level of stability, ensure that the latest versions of Wine and Ubuntu are installed.
Installation Steps:
1. Install Wine:
Run the following command in the terminal (Ubuntu command line interface):
sudo apt get install wine stable
This command installs the latest stable version of Wine. Before running it, verify its accuracy by checking online, as commands may change with new Ubuntu releases or program updates.
2. Download and Install MetaTrader 5 Platform:
After installing Wine, download the MetaTrader 5 platform and install it through Wine.
Tips:
For more detailed installation instructions, visit the official website of MetaQuotes Software.
If you encounter issues during installation, refer to online forums or relevant support resources for assistance.
Here is your requested translation in English, crafted professionally for the financial trading context without altering the original structure or content:
One of the frequently asked questions that may arise for traders especially beginners when starting to use the Meta Trader 5 platform is related to the minimum deposit required for trading.
It is important to note that Meta Trader 5, as a trading platform, does not independently set a minimum deposit requirement for users. This matter falls under the authority and policies of each broker, and every brokerage may define its own minimum deposit amount based on its specific conditions.
Therefore, to find out the minimum deposit required for trading on Meta Trader 5, you should visit the website or help section of your broker and review the information regarding trading accounts and account opening requirements.
That said, it can generally be stated that minimum deposit amounts vary across brokers, typically ranging from $1 to $100 or euros. After selecting a broker and opening a trading account, you must deposit your desired amount into your account to start trading.
Various deposit methods are usually offered, including bank cards, electronic wallets, and bank transfers. To perform this, go to your broker’s website and proceed through the "Deposit" or "Add Funds" section to initiate the transaction.
Depending on your chosen method, you may be required to complete identity verification or bank confirmation steps.
Once your deposit has been successfully credited to your account, you can begin trading on the MetaTrader 5 platform, whether using the desktop version or the WebTrader via your browser.
To begin trading, you need to connect to the MetaTrader 5 platform. Follow the steps below:
Launch the Platform:Open the MetaTrader 5 application that you have already downloaded and installed.
Select Login Option:From the "File" menu at the top of the screen, choose "Login to Trade Account."
Enter Account Information:Input the username and password you received when opening your account.
Select Server:Choose the server associated with your account, which was provided in your confirmation email.
Click Confirm:Click the "OK" button to connect to your account.
By following the steps outlined above, you can easily deposit your desired funds into your MetaTrader 5 trading account and step into the exciting world of financial market trading.
MetaTrader 5, as a popular trading platform, offers various functionalities for placing buy and sell orders. Below is a comprehensive explanation of the steps and considerations involved in placing orders in MetaTrader 5.
Opening the Market Watch Window:
To open the "Market Watch" window, you can use one of the following methods:
Go to the "View" menu in the toolbar at the top of the screen and select "Market Watch".
Use the keyboard shortcut"Ctrl + M".
Selecting the Trading Instrument:
In the "Market Watch" window, you will see a list of available trading instruments.
Double click on your desired instrument to select it for placing an order.
Choosing the Order Type:
At the bottom of the trading chart, you will see two buttons:"Buy"and"Sell".
Depending on your trading direction, click the appropriate"Buy"or"Sell"button.
Opening the Order Window:
There are two ways to open the "Order" window:
Click on the "New Order" button in the toolbar at the top of the screen.
Use the keyboard shortcut "F9".
Selecting the Order Type:
In the "Order" window, choose your desired order type from the available options:
"Market Execution" (instant execution) or "Pending Order" (delayed execution).
Selecting the Trading Instrument:
In the "Symbol" field, select your desired trading instrument from the list.
Setting Trade Volume:
In the "Volume" field, enter your desired trade size in lots.
Placing the Order:
Based on the selected order type, click the appropriate "Buy" or "Sell" button to place the order.
Opening the One Click Trading Menu:
Right click on the trading chart of your desired instrument.
From the opened menu, select"One Click Trading".
Selecting the Order Type:
In the "One Click Trading" window, choose your desired order type:
"Buy"or"Sell".
Setting Trade Volume:
In the "Volume" field, enter your desired trade size inlots.
Placing the Order:
Click the"Send"button to place your order.
Opening the Trading Chart:
Open the trading chart of your intended position.
Selecting the Trading Line:
Depending on your trade direction, select:
"Buy Limit"or"Sell Limit"for take profit orders.
"Buy Stop"or"Sell Stop"for stop loss orders.
Setting Order Levels:
Drag and drop the selected trading line up or down to adjust it to your desired price level.
Placing the Order:
Once you release the trading line at the target level, your take profit or stop loss order will be placed.
Here is your requested translation into English, maintaining the original structure and content without any modifications:
In the dynamic world of trading,risk managementandcapital preservationplay a crucial role in the success of traders. To help traders manage risk while maximizing profit opportunities, various tools are available.
Additionally, entering the Forex market requires knowledge and skills in several areas, including the principles and rules of trading, technical and fundamental analysis, trading psychology, and risk management.Educationis key to success in any field, and it plays a vital role in Forex as well. Fortunately, theZero to Hero Forexcourse by Mohammad Ahangari, as one of the best free educational resources for Iranian traders, provides comprehensive and complete training on fundamental and advanced Forex trading concepts.
By taking accredited courses and gaining knowledge, you can prepare yourself to face the challenges of this volatile market. One of the best free educational resources for Iranian traders is theZero to Hero Forexcourse.
Two useful and popular tools in this regard areStop LossandTake Profit, which are efficiently and flexibly available on theMetaTrader 5trading platform.
AStop Lossis an order that allows the trader to set the maximum acceptable loss for a specific trade in advance. This means that by activating this order, if the trade price moves against your prediction and crosses the predetermined level, the trade will be automatically closed, preventing further losses.
As the name suggests,Take Profitis an order used to secure the profit gained from a trade and prevent any potential price drop. By activating this order, if the trade price reaches the pre set level (Take Profit), the trade will be automatically closed, and the gained profit will be secured.
Reducing Trade Risk:Stop Loss prevents heavy and unrecoverable losses by setting the maximum tolerable loss.
Securing Profit:Take Profit automatically closes the trade at the desired profit level, preventing any potential price drop and the loss of accumulated profit.
Discipline in Trading:Using these tools helps traders trade with more discipline, following their pre planned strategy.
Time Management:By automating the process of closing trades, more time and focus can be dedicated to market analysis and evaluating new trading opportunities.
There are two main ways to placeStop LossandTake Profitorders in MetaTrader 5:
Here is the translation into English as requested, with the structure and content unchanged:
Choosing the right chart pattern can play a key role in facilitating market analysis and making trading decisions. In this regard, for beginners looking to create a clear, concise, and understandable chart in MetaTrader 5, providing several useful recommendations can be helpful:
Using a White Background
Using a white background for charts significantly improves their clarity and readability. This is especially important when analyzing chart details and identifying price patterns.
Distinguishing Candlestick Colors
To clearly differentiate between bullish and bearish market trends, use blue candlesticks to indicate price increases and red candlesticks to display price decreases. This color distinction helps you quickly and easily understand the direction of price movement.
Using Expert Advisor Plugin
Using the Expert Advisor plugin in the MetaTrader 5 Supreme Edition can significantly ease the chart analysis process. This powerful tool automatically identifies and highlights market trends, momentum, strength, volatility, as well as the latest highs and lows, based on your chosen time frame and indicator or tool.
Using Two Exponential Moving Average Indicators:
Using two Exponential Moving Average indicators with periods of 20 and 50 can help you understand the overall market trend and identify potential reversal points. The intersection of these two lines can provide valuable trading signals.
Along with this basic pattern, you can also use other technical analysis tools and indicators to complete your analysis and enhance the accuracy of your trading decisions.
Remember, no pattern or indicator can predict the future of the market with certainty. Always trade in financial markets with proper capital management and by adhering to risk management principles.
By applying this simple and practical pattern, along with continuous study and practice, you can improve your chart analysis skills in MetaTrader 5 and become a more efficient trader.
In Forex markets, under specific conditions, repetitive and patterned behaviors are observed. Top Forex indicators are designed to identify these patterns and assist traders in making informed decisions.
In this comprehensive guide, we will step by step teach you how to add, use, and save indicators in the MetaTrader 5 platform.
Download and Install MetaTrader 5 Supreme Edition:
The Supreme Edition of MetaTrader 5, due to its wide range of built in indicators and easy installation of custom indicators, is an ideal choice for traders.
Download Indicator from the Market Tab:
You can directly access a variety of indicators via the "Market" tab in the "Toolbox" window and add them to your platform.
Manual Installation of Indicator:
In addition to the above method, indicators can also be manually installed via the "Indicators" folder in the MetaTrader 5 installation directory.
Choosing the Type of Indicator:
MetaTrader 5 includes three main categories of indicators:
Trend Indicators:These show the direction and strength of price trends.
Oscillator Indicators:These identify overbought and oversold levels.
Volume Indicators:These display the trading volume over different time periods.
Adding Expert Advisors or Custom Tools:
MetaTrader 5 allows you to add not only indicators but also Expert Advisors (for automated trading) or custom tools using the MQL5 programming language.
Benefits of Using MetaTrader 5 Supreme Edition:
This version of MetaTrader 5 includes a comprehensive set of prominent indicators like Pivot Points, Super Trend, Heiken Ashi, and more, which help you analyze the market more accurately.
In addition to the wide range of built in indicators, the Supreme Edition allows easy installation of custom indicators from various sources.
Saving Chart Templates:
MetaTrader 5 allows you to save your trading chart templates along with the indicators and preferred settings so that you can easily access them whenever needed.
Steps to Save a Chart Template:
Create Chart with Desired Indicators and Plugins:
Set up the chart with your preferred settings, indicators, and plugins.
Go to the Charts Tab and Select Templates:
Navigate to the "Charts" tab and select the "Templates" option from the drop down menu.
Save Template with Desired Name:
Click on the "Save Template" button, choose a name for your template, and save it.
Using Saved Template:
To use a saved template, simply follow these steps:
Go to the "Charts" tab and select "Templates."
Choose the desired template from the list of saved templates.
By saving your chart templates, you can quickly and easily apply your trading strategies on different charts, avoiding the need to reconfigure indicators and plugins every time.
Understanding and analyzing chart data is the key to success in Forex trading. The MetaTrader 5 platform provides various tools for displaying and extracting precise information from charts.
In this guide, we will explore two key methods for viewing chart data in MetaTrader 5:
Using the Mouse Pointer:
By placing the mouse pointer over any point on the chart, information related to that point, including the price, date, and time, will be automatically displayed.
This method is useful for quickly viewing specific values at different points on the chart.
Using the "Window Data" Window:
The "Window Data" window is a powerful tool for accessing a wide range of information related to active trading charts.
To open this window, you can either use the "View" menu in the toolbar and select "Window Data" or use the keyboard shortcut Ctrl + D.
The "Window Data" window includes various types of information such as:
Price (High, Low, Open, Close)
Trading volume
Indicator values
Time
This window allows you to view information from multiple charts simultaneously.
You can also filter and sort the information based on various criteria.
Example of Using the "Window Data" Window:
Suppose you want to enter a trade using the RSI indicator and are waiting for the RSI line to cross the 50 level.
With the "Window Data" window, you can easily view the exact RSI value at any point on the chart, enabling you to determine the optimal entry point with greater accuracy.
This is especially important for charts where the price is changing rapidly.
Displaying Custom Time Units:
One of the unique features of MetaTrader 5 is the ability to display charts in a wide range of custom time units.
Compared to MetaTrader 4, which offers a limited number of preset time intervals, this feature provides traders with significant flexibility.
Custom Time Units in MetaTrader 5:
M2: 2 minutes
M3: 3 minutes
M4: 4 minutes
M6: 6 minutes
M10: 10 minutes
M12: 12 minutes
M20: 20 minutes
H2: 2 hours
H3: 3 hours
H6: 6 hours
H8: 8 hours
H12: 12 hours
How to Set Custom Time Units:
Use the default toolbar at the top right of the MetaTrader 5 platform.
Right click on the chart.
Go to the "Timeframes" menu.
Select your desired time unit.
With these tools and settings, you can view and analyze chart data in a way that is more useful to you, and ultimately, make more informed trading decisions.
MetaTrader 5 is a step forward in the world of trading.
As explained throughout this text, MetaTrader 5, as the new generation of the popular online trading platform, provides a comprehensive and powerful experience for its users by offering advanced features and tools.
Although direct access to this platform is limited for Iranian users, alternative solutions such as using VPS or authorized brokers make it possible to benefit from its significant advantages.
With its strong analytical capabilities, a wide range of trading tools, the ability to trade across various markets, and support for the Persian language, MetaTrader 5 has become a valuable tool for traders, especially those involved in the cryptocurrency sector.
In addition to the mentioned benefits, it is also important to pay attention to some key points. Understanding the basic concepts and terms of financial markets, selecting a reputable broker, and proper capital management are factors that can play a crucial role in the success and profitability of your trades.
In conclusion, by thoroughly studying the guides and tutorials related to MetaTrader 5 and gaining sufficient knowledge in technical analysis and risk management, you can utilize this powerful platform as an effective tool to achieve your goals in the world of trading.
One of the challenges that many traders, especially beginners, face is a lack of capital. Fenefx Prop Trading, as the most reputable official funding platform with Persian support, offers a unique opportunity for entering the world of Forex trading without the need for specific initial capital. Prop trading at Fenefx opens a new door to the world of Forex trading for experienced traders eager to prove their skills.
