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Online Forex Trading Platform - Metatrader 5
Metatrader 5 is a new forex trading platform coming out soon from Metquotes corproration. Our top picks for a metatrader 5 brokers with the lowest spread are shown below
When metatrader 5 is available all of the brokers shown above will have it for clients that wish to use it.
All of the brokers shown above use the metatrader currently and when this new version comes out they will offer it.
Metatrader 5 Client Terminal Download
Metatrader 5 has been basically rewritten from the very beginning and will have a lot of new features. It will
be similar to the last version but will be able to trade in more markets than just forex such as futures and stocks. This latest version of metatrader will still have the free charting and ability
to do auto-trading just like the last metatrader.
Enter your name and email below to to try the new Metatrader 5
Metatrader 5 Expert Advisors
Metatrader 5 will still be able to use expert advisors for auto-trading your account. However,
expert advisors that were used on the older version (4) will not be compatible. Expert advisors (also known as trading robots) will have to be rewritten in order for them to work on this new version of metatrader.
All of the expert advisors that bestmt4brokers.com will make available to clients will be fully compatible
with the new Metatrader 5 as well as the older version.
The metatrader 5 will use the Intellysence system which will help developers by speeding up the process
for making new expert advisors for the metatrader 5.
Strategy testing of your Metatrader 5 expert advisor will still be possible as this new platform will have all of the
same basic functionality such as the strategy tester and optimization mode. Detailed reports will still be produced to let the user see a summary of the results for the strategy testing. This will be improved in this new Metatrader 5 as the old one was not as accurate as it could be.
Metatrader 5 Indicators
Metatrader 5 will require the rewriting of the indicators used on the old Metatrader4. Just like
the expert advisors, indicators will not be compatible unless they are rewritten in the new programming
language. The intellysence sytem will make the development of new indicators for the metatrader 5 go quickly. The indicators given away on this site will also be compatible with this new version of metatrader.
Metatrader 5 Market Depth
The new Metatrader 5 will offer the market depth which is brand new for forex. The market
depth will show the trader how much volume is being traded at a specific time and price.
This information was not possible before as the forex market is so decentralized. The trader
will be able to see how much liquidity is available before placing the trade. With this information
the retail trader will be able to tell if he can get the price he is looking for. Some brokers have only 1 liquidity
partner so the market depth will be low. But other larger brokers such as the ones shown on this
site have many liquidity partners and should be able to open a trade at the price you are looking for.
This market depth information will help the trader use even more powerful trading
strategies then before.
Forex trading can involve the risk of loss beyond your initial deposit.
It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.
FOREX.com UK is not currently accepting account applications from residents of the People’s Republic of China and Nigeria. Governmental restrictions and our policies prohibit us from opening accounts from the following restricted OFAC sanctioned countries: Afghanistan, Burma (Myanmar), Cote d'Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Former Liberian Regime of Charles Taylor, Iran, Iraq, Libya, North Korea, Sudan, Syria, Unita (Angola) and Zimbabwe, as well as other individuals specifically sanctioned.
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