Key Features of the Exness MT5 Platform
The Exness MT5 platform includes an impressive suite of features, making it a versatile tool for traders seeking efficiency and customization. With enhanced order types, flexible charting options, and more ways to manage risk, MT5 supports a dynamic trading environment that caters to beginners and experienced traders alike.
- Robust Charting Options: Access various chart views and over 80 technical tools for thorough analysis.
- Expanded Order Types: Use a broader range of order types, including stop and limit orders, for accurate execution.
- Adjustable Interface: Personalize the interface and chart settings to fit your trading approach.
- Integrated Economic Calendar: Follow key economic events that may impact your trades.
- Multi-Asset Access: Trade multiple types of assets, from forex to metals, indices, stocks, and digital currencies.
How to Install and Set Up Exness MT5 on Desktop and Mobile
After funding your account, you’ll need to download MetaTrader 4. You can easily get the desktop version from the Exness website, or if you prefer mobile trading, download the MT4 app from the App Store or Google Play Store. Once installed, log in using the credentials you created during the sign-up process.
Exness MT5 for Windows:
- Visit the Exness website, navigate to Downloads, and select MT5 for Windows.
- Download and open the file, then follow the installation steps.
- Log in using your Exness account details.
Exness MT5 for macOS:
- On the Exness website, find the Downloads section and select MT5 for macOS.
- Download the file, drag it to Applications, and launch MT5.
- Enter your Exness login details to get started.
Exness MT5 for iOS:
- Access the Apple App Store, search for “MetaTrader 5,” and download the app.
- After installation, open MT5, select Exness from the broker list, and log in.
Exness MT5 for Android:
- Open Google Play, search “MetaTrader 5,” and download the app.
- Open MT5, find Exness in the broker list, and log in with your Exness details.
MT5 Tools and Technical Indicators
MT5 provides an extensive set of tools to enhance your trading:
- Technical Indicators: Access over 80 indicators, including MACD, Moving Averages, and Bollinger Bands.
- Charting Tools: Use tools like Fibonacci retracements and trendlines for precise analysis.
- Trading Signals: Integrate live signals into your strategy directly from the platform.
MT5 Trading Assets: Forex, Metals, Stocks, and More
Exness MT5 gives traders access to a wide variety of assets, making it an ideal choice for those aiming to diversify their portfolios. This variety offers traders multiple options and the flexibility to shift their focus as market conditions change.
Forex: Major, minor, and exotic currency pairs.
Metals: Trade popular metals like gold and silver.
Stocks and Indices: Broaden your portfolio with stocks and indices.
Digital Currencies: Flexible leverage options are available for cryptocurrency trades.
Trading Strategies Using Exness MT5
Exness MT5 supports a range of trading strategies, catering to both short-term and long-term traders. With its advanced tools and flexible setup, MT5 allows traders to choose and adapt strategies based on market conditions and individual goals.
Scalping
Scalping on MT5 involves making multiple quick trades to capture small price movements. MT5’s fast execution and tight spreads make it an ideal choice for scalpers.
How to Scalp Effectively:
- Use 1-minute or 5-minute charts to spot rapid price changes.
- Indicators like Bollinger Bands and moving averages can help determine entry and exit points.
- Always set tight stop-losses to manage risk, as scalping focuses on quick, small profits.
Day Trading
Day trading is a short-term strategy that involves buying and selling within the same day. It provides a balance between fast-paced scalping and longer-hold strategies, requiring quick decision-making based on technical analysis.
Day Trading Tips:
- Focus on liquid pairs like EUR/USD for tight spreads and fast execution.
- Combine technical indicators with news analysis to find optimal entry and exit points.
Swing Trading
Swing trading is a medium-term strategy where trades are held for several days or even weeks, allowing traders to capture larger price movements. MT5’s charting tools are ideal for monitoring trends over these longer timeframes.
Swing Trading Advice:
- Use 4-hour and daily charts to track market trends.
- Combine indicators like MACD and Fibonacci retracement levels to time trades more precisely.
Automated Trading
MT5’s support for automated trading through Expert Advisors (EAs) allows traders to execute trades automatically based on set rules, without constant monitoring.
Automated Trading Tips:
- Create or download EAs to automate your trading strategy.
- Backtest EAs within MT5 to refine and ensure performance on historical data.
News Trading
For traders who prefer to trade around economic events, MT5’s integrated economic calendar is a helpful tool for tracking announcements that may impact the market.
News Trading Insights:
- Use MT5’s economic calendar to stay updated on key events.
- Execute trades around news releases for potential rapid market movements.
Using Expert Advisors (EAs) on Exness MT5
Expert Advisors, or EAs, are programs that automate trading based on your chosen rules:
- Create or Download EAs: Build your own or download pre-set EAs to streamline trading.
- Historical Testing: Test strategies on past data to ensure they’re well-suited for live trading.
- Optimize Performance: Fine-tune EAs within MT5’s testing environment for better results.
MT5 vs. MT4 Comparison
While both MT5 and MT4 are popular, MT5 offers enhanced features for traders who need more tools and flexibility. Here’s a quick comparison:
| Feature | MT4 | MT5 |
| Order Types | Limited | Expanded (including stop-limit) |
| Time Intervals | 9 | 21 |
| Charting Tools | Basic set | Advanced (over 80 tools) |
| Hedging and Netting | Hedging only | Supports both |
| Economic Calendar | No | Integrated |
| Multi-Asset Trading | Primarily forex | Forex, metals, stocks, indices, crypto |
Key Differences Between MT4 and MT5
- Order Types: MT5 provides additional types, offering greater flexibility.
- Time Intervals: MT5 has 21 intervals compared to MT4’s nine, allowing for finer analysis.
- Hedging and Netting: MT5 supports both approaches, while MT4 is limited to hedging.
Which Platform Is Best for Your Trading Style?
- MetaTrader 5: Great for those looking to trade various asset classes and use more in-depth trading tools.
- MetaTrader 4: Ideal for forex traders seeking a simpler setup.
Risk Management Tools in Exness MT5
Effective risk management is essential for preserving your capital and maximizing potential profits. Exness MT5 offers several key features to help you manage your risk more efficiently and with greater flexibility.
Set Stop-Loss and Take-Profit Orders
MT5 allows you to use Stop-Loss and Take-Profit orders to manage the risk of each trade. These tools enable you to:
- Stop-Loss: Automatically close a trade at a predetermined loss level to prevent further losses.
- Take-Profit: Secure your gains by closing a trade when it reaches a desired profit level.
Both features help you automate your trades, reduce the emotional stress of decision-making, and keep potential losses under control.
How to use Stop-Loss and Take-Profit on Exness MT5:
- Right-click on an open trade in the “Terminal” window.
- Select “Modify or Delete Order.”
- Set your desired Stop-Loss and Take-Profit levels based on your market analysis.
Trailing Stops
A trailing stop is an advanced risk management tool that adjusts your stop-loss level as the market moves in your favor. It allows you to lock in profits while keeping your position open to benefit from further positive price movements.
Using trailing stops on Exness MT5:
- Activate a trailing stop by right-clicking on your open trade and choosing “Trailing Stop.”
- The stop-loss will automatically adjust if the market moves in your favor by the set amount of points.
Margin Alerts
Exness MT5 helps you monitor your margin levels to avoid unexpected closeouts. Margin alerts notify you when your margin levels approach critical thresholds, giving you time to take action and manage your positions.
- How it works: Set up margin alerts in your trading terminal to receive notifications as soon as your margin level drops below a specific percentage.
By staying aware of your margin levels, you can reduce the risk of your positions being closed due to insufficient margin.
Leverage Control
While leverage can amplify both gains and losses, managing it properly is crucial for successful trading. Exness MT5 offers flexible leverage options, allowing traders to choose the level they are comfortable with.
- Tip: Start with lower leverage if you’re new to trading or prefer a more conservative approach. Monitor your margin usage closely to avoid over-leveraging.
How to Switch from MT4 to MT5
Switching from MT4 to MT5 is simple and can significantly enhance your trading experience. Follow these easy steps to make the transition.
Step 1 – Download MT5 from the Exness Website
Go to the Exness website and download MT5 for your device. Exness offers versions for Windows, macOS, and mobile, so you can pick what suits you best.
Step 2 – Install and Log In
Once downloaded, install MT5 and log in using your Exness account details. If you haven’t opened an MT5 account yet, you can easily create one within your client area.
Step 3 – Manually Transfer Your Custom Tools
Personal indicators, Expert Advisors (EAs), and templates won’t transfer automatically from MT4 to MT5. Here’s how you can move them:
- Copy your custom indicators and EAs from the MT4 folder to the relevant MT5 directory.
- Rebuild your templates in MT5, where you’ll also find a wider range of charting options and customization tools.
Step 4 – Try Out MT5 with a Demo Account
Before you start trading live, it’s a good idea to explore MT5 with a demo account. This lets you get comfortable with the platform’s new tools and features, like more advanced charting options, extra order types, and quicker trade execution. Take your time to test things out and adjust your strategies without risking real money.
Exness MT5: FAQs
How do I install MT5 on my computer?
Download the setup file from the Exness website, follow the installation steps, and log in with your Exness account credentials.