Metatrader 5 trading strategy

At the same time, traders can still open accounts, which use netting position system without hedging at MT5 brokers. In hedging mode, the trading account will show all positions opened for the same trading instrument at different prices and different time.

Advantages of MetaTrader 5 trading platform

In netting mode, such positions would be aggregated together. The terminal would be showing average price and net volume.

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In the latest version of MetaTrader, you can drag-and-drop the stop-loss and take-profit levels with your mouse. This feature works in normal mode and in One Click Trading mode. The difference is that the former requires manual confirmation for each SL or TP change while the latter means instant change of the respective trading levels.

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The price change is instant. MT4 and MT5 work similarly in this regard. MT5 offers a much wider assortment of financial instruments compared to MetaTrader 4. Traders can operate not only in currency pairs, metals, and CFDs, but also in futures, indices, and equities. MetaTrader 5 provides native Depth of Market view to see the relevant price and volume levels for a given trading instrument:.

MT5 terminal has enhanced reporting compared to MT4. It can be useful for analysis of your trading strategy. MT5 replaces this approach with an easy solution. Additionally, MT5 offers reports in any of the platform's supported language whereas MT4 can produce reports only in English. The platform's analytical capabilities have been upgraded in the 5th version.

The standard list of lines, icons, and other graphical objects has been revamped. New charting objects have been introduced. Traders who prefer Elliott Wave analysis can now add waves with just a few mouse clicks, which is something that 4th version of the platform lacks.

The number of built-in indicators has been increased. Custom technical indicators are now easier to search and install.

In MT4, you would need to download an indicator file and copy it into the indicators' folder. Then, you would need to restart the platform. In the 5th generation platform, you can install trading robots, indicators, and scripts directly from the terminal. The testing process can also be visualized in real time: all trades performed by the tested Expert Advisor can be displayed on a chart.

A comprehensive testing report is generated after a test run, which allows detecting the week points of an Expert Advisor and make appropriate changes. Another important utility of the Strategy Tester is the function of optimization, which allows testing a trading robot with various input parameters and selecting optimal values. Optimization of complex robots can turn into a very extensive process, but can be significantly shortened through the use of genetic algorithms.

Optimization results can be visualized in 2D and 3D modes. In addition to the built-in features, there are also custom visualization methods available. There is no need to prepare data in some specific way, export it or process in a third-party application. Results can be reviewed during the optimization process. The built-in forward testing option helps avoid the problem of "over-optimization" or parameter fitting.

This option divides the database of currency and stock quotes for optimization into two separate parts. The optimization is performed for the first part, while the second part is used to confirm the obtained results. If a trading robot is equally efficient on both segments, this is the proof that the trading system has the best parameters, and parameter fitting is practically impossible. Distributed testing and optimization allows the connection of additional computing resources in order to enhance these processes. For example, you can use additional computers in your local network to accelerate the optimization process.

But that is not all. MQL5 Cloud Network is a cloud computing network that unites thousands of computers from all over the world.

The Strategy Tester can connect to the network benefiting from almost unlimited computing power. With the MQL5 Cloud Network, the optimization of trading applications, which would normally take months to compute if using only one computer, can now be completed within a few hours. In addition to using the distributed computing network, you can provide your CPU computing power and earn money. The Strategy Tester is an extraordinary powerful tool crafted for developers of trading robots. Without the use of the tester, the creation of an efficient and reliable robot is practically impossible.

The Strategy Tester saves you lots of time and allows creating a truly optimal trading robot!

Download MetaTrader 5 and test your robot in the Strategy Tester. Trading Strategy Tester Test and optimize your trading robot before you use it for real trading. Graphical display of test results Display of Expert Advisors' test results is one of the most notable features of the Strategy Tester. Strategies testing results can be presented in charts for more convenient analysis. Visual testing Visual testing makes it possible to track an Expert Advisor's operations on historical price data in real time: All performed deals are visualized on a chart, which makes the analysis more convenient.

Optimization Another important utility of the Strategy Tester is the function of optimization, which allows choosing the best input parameters for a specific trading robot. Graphical display of optimization results The Strategy Tester provides powerful 2D and 3D tools for visual analysis of optimization results. Forward testing The built-in forward testing option helps avoid the problem of "over-optimization" or parameter fitting.