MetaTrader 5 – First Impression

Posted on 26. Oct, 2009 by in Random Noise, Review

I have downloaded MetaTrader 5 and played around with it for a while now. Overall it seems to be very similar to MetaTrader 4. There are some small changes in the look, but not a lot. One thing I noted right away was the addition of new time frames. Basically MetaTrader comes with the following:

• 21 timeframes
• 38 technical indicators
• 39 graphical objects
• 4 scaling modes
• 17 styles of displaying Custom Indicators

There are some changes but I guess I will notice it a lot more, when I start using it trading real accounts. However, not everyone is pleased about the new MetaTrader 5 platform. Take a look at this post here. If you want to try MetaTrader 5, you can do so right now, as it is out in a beta version. Check it out here. Tell us what you think about the new MetaTrader 5.

Related posts:

  1. MYFX – Optimize MetaTrader
  2. Oanda on MetaTrader 4
  3. Free Video Course – Informed Trades
  4. 14 Cool Forex Freebies you should Know About

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4 Responses to “MetaTrader 5 – First Impression”

  1. Arsento says:
    October 28, 2009 at 18:46
    Valuable thoughts and advices. I read your topic with great interest.
    COMMENT  
  2. 14 Cool Forex Freebies you should Know About | TradeProfits says:
    January 24, 2010 at 22:07
    [...] 1: MetaTrader: This is without question the most popular free software for forex traders out there. This is a free charting program, where you can get real time data on major and minor currency pairs. It allows you to add indicators, expert advisors, and a dozen of way to customize it for your needs. You don’t need a broker account, and signing up is free. Lately they released a beta version of MetaTrader 5. [...]
    COMMENT  
  3. Trinity@metatrader5 says:
    June 21, 2011 at 01:50
    Why do you think Metatrader 5 is very useful to the clients? If you would range from 1-10, where does Metatrader 5 belong?

    Since Metatrader 5 is a trader’s working tool intended for real-time trading in the future markets. Specifically what services does Metatrader 5 offer to the clients?

    QUESTION  
  4. Jakob says:
    June 22, 2011 at 22:49
    Trinity,
    I actually stopped using it after a few weeks of testing and so far I am still an MT4 user. I will continue with MT4 for now, until I find a very good reason to change. Apparently MT5 should be far superior to MT4, specially for EA´s users – but as I am not using a lot of EA´s, this has not been a reason for me to change.
    ANSWER  

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