Download MetaTrader 5
Follow these steps to download and install MetaTrader 5:
Step 1: Visit the Official Website
Go to the official MetaTrader 5 website or your broker's platform download page.
Step 2: Choose Your Platform
Select the appropriate version for your operating system (Windows/Mac).
Note: Mac users may need to use additional software like Wine or CrossOver for optimal performance.
Step 3: Download and Install
Run the installer and follow the setup wizard. Accept the license agreement and choose your installation location.
Download MetaTrader 5
Getting Started with MT5
Installation and Setup
Step 1: Initial Setup
After installation, launch MT5 and create a new account:
- Click 'File' > 'Open an Account'
- Choose between demo or live account
- Fill in your personal information
- Set your trading preferences
Step 2: Platform Configuration
Configure your trading environment:
- Set your preferred language (Tools > Options > Language)
- Configure chart settings (right-click chart > Properties)
- Set up notifications (Tools > Options > Notifications)
- Customize toolbar (right-click toolbar > Customize)
Basic Navigation
Step 1: Market Watch Window
Access the Market Watch window (Ctrl+M):
- View available trading instruments
- Add/remove symbols from your watchlist
- View bid/ask prices and spreads
- Access symbol properties and specifications
Step 2: Navigator Panel
Use the Navigator panel (Ctrl+N):
- Access your trading accounts
- Manage indicators and Expert Advisors
- Access scripts and custom indicators
- View your trading history
Trading Features
Order Types
Step 1: Market Orders
Execute instant trades:
- Click 'New Order' or press F9
- Select your trading instrument
- Choose order volume (lot size)
- Set Stop Loss and Take Profit levels
- Click 'Buy' or 'Sell' to execute
Step 2: Pending Orders
Set up pending orders:
- Select 'Pending Order' type
- Choose between Buy Stop, Sell Stop, Buy Limit, or Sell Limit
- Set your entry price
- Define expiration time (optional)
- Set Stop Loss and Take Profit levels
Chart Analysis
Step 1: Chart Setup
Configure your charts:
- Choose chart type (Candlestick, Bar, Line)
- Select timeframe (M1 to Monthly)
- Add technical indicators
- Customize chart appearance
Step 2: Technical Analysis
Perform technical analysis:
- Add trend indicators (Moving Averages, MACD)
- Use oscillators (RSI, Stochastic)
- Apply Fibonacci tools
- Draw support/resistance levels
Advanced Features
Expert Advisors (EAs)
Step 1: EA Installation
Install and configure EAs:
- Copy EA files to the Experts folder
- Restart MT5 or refresh Navigator
- Drag EA to a chart
- Configure parameters and settings
Step 2: EA Testing
Test your EAs:
- Use Strategy Tester (Ctrl+R)
- Select testing period
- Choose testing mode (Every tick, Control points)
- Analyze test results
Custom Indicators
Step 1: Indicator Development
Create custom indicators:
- Open MetaEditor (F4)
- Create new indicator file
- Write indicator code in MQL5
- Compile and test the indicator