Anyone tried Mt5 ? What are your thoughts?
I expected it to be better than mt4 but its really bad.
Depends on what you’re using it for…
Think about it- some Law Enforcement officials swear by Glocks, other by Sigs…it’s all personal preference.
There is no one-size-fits-all when it comes to trading.
I’ve tried MT5 (for the differente Tf’s that it provides,only on demo) and I like it. Is always difficult to switch from one platform to the other (mostly because so many freebies work only on Mt4).,give it time,
Gone through dozens of them, and still yet to find any freebies that works on MT4 correctly. May be I am looking at the wrong places. LOL!
The depth of the market indicator seems interesting.
Not really an indicator per se…
In what way does it seem interesting to you?
it is a lot more graphic than the usual depth of the market. You can easily see where the stops are (granted you don’t really need DOM for that and that the info is limited to your broker, but that is still the best direct order flow you may get)
This just looks like volume profile?
I’ve never heard of an non-regulated FX broker providing DOM info in the traditional sense (i.e. orders in the form of contracts or whatever you’re trading).
DOM is a tool which shows you the live count of BIDS/ASKS via a price ladder and the inside bid / inside ask vs. the last trade…etc etc
MT5 is great. You cannot open or go more than one way on a pair tho. For instance if your long eur/usd and then you make another trade it will average your price rather than open another trade like MT4 would.
Similar to the other system that I tested then. With MT5 it doesn’t matter (to what you said) how many trades you open for the same pair, it will give you the average. Then when you close the position, it will show only one PL.
MT5 is almost same as the MT4, and there is no major amendments in it, still prefer to use MT4.
NO don’t like MT’s at all, “Ninja Trader” is that and more, like trading on steroids. From FXCM
Google it, its awesome. Try it
Really don’t see any talks about MT5. Does somebody work with them?
I draw my SR levels and look for PA signals on MT5 charts. You can really use the 20 or so different time frames where as MT4 is limited to 1m 5m 15 30 1h 4h Daily etc etc.
Hello Traders,
First of all, thanks for spreading the awareness about various forex trading platforms, well done.
During the casual readings relating to forex market, I’ve come across an article on Forex Magnet that Admiral Markets is offering an enhanced version of MT4 with inbuilt EAs. Apart from the regular feature offered in MT5, this customized version of MT4 also has various enhanced features in the offering like multiple trade terminals, Correlation Trader and Correlation Matrix that helps a trader identify market sentiments and trade efficiently. Moreover, while using their Market Manager with the help of Correlations, I ended up earning a quick profit. Following are the snaps that can become helpful.
