“Metatrader 5 is an awesome tool that allows to have virtually any indicator ou trading tool, due to its impressive coding language (MQL5, very similar to C), its huge community (you can even pay someone to develop a tool, in case you are not a coder). Also, it`s very robust, never freesing, even on very shaking market. For me, as I trade from Brazil, it`s very good to be able to use the same platform on local and US exchanges, so I believe it can be the same for anyone trading outside US. I a first overview, it can seem too light as a platform, but it extensive possibilities are probably not reach in any other. The is also the expert advisors, for algo simulation (for strategies studies) or actually trading. They work smootly and stable. I had traded with many platforms, for more than 15 years, and since 2017, Metatrader 5 is my prefered one with no chance to change for another. I suggest to give it a serious try, as I did (with several doubts at that moment). You will probably make your choice for it for good. Envoy! Ricardo”
“indicator market level normal before BUYING a trade. as soon as you buy, measurements are OFF, you dont know what the real market level is, you sell and it goes back to normal. seems its being manipulated waiting for you to go in”
“MetaTrader 5 is very reliable and lightweight, with good backtesting features. Indicators and other necessary tools are easily found online. The standalone MT5 is cumbersome to use, but with Stereotrader, MT5 is unbeatable for day trading, or at least I personally like it. It also works reliably for algo trading, although coding can be quite frustrating and the wizard is perhaps not the most modern.
I have tried many different products and always come back to MT5 + Stereotrader.”
“It's a very easy system to navigate. Most of its functions are intuitive. It has a simple layout, but many options for technicals, depending on the type of trader. You can strip your chart down to naked trading or build it up with many indicators. It's mostly customizable, except color distinctions for fib lines.”
“Mostly good. Not much to complain about. Fast, robust, stable, loads fast. Somewhat odd with rendering of different time frames, candles look a little different from other software due to Sunday treatment. No big deal. I use it primarily as a back up to my regular trading front end. My only mild issue is with the bracket orders: the target is not a limit order but Market when touched. So expect a tick or 2 slippage on exits when using the brackets. Otherwise no issues.
Having a second login with MT5 with CQG data is a valuable back up option.”
“I must say MT5 platform works properly with futures and I can not report any issue. The only problem I´m facing is a charge called "correction synchronization". I´ve tried to get accurate info about this charge, but regretfully I can not understand very well how it works at this stage. Just for your consideration in your trading plan, consider this about an extra fee cause it will involve and important percent depending on your total operations.”
