MT5 Download Guide: Unlocking Advanced Trading Features

If you are a regular to trading, you must be aware that the trading platform you select contributes significantly, as some tools just show you the prices while a few actually assist you in intelligent investing. 

That’s where MT5 stands out. 

The design and features are crafted for traders who need more control, better flexibility, and superior insights, as MT5 brings forex, stocks, indices, and commodities collectively in one platform. Furthermore, its potential is not just limited to access to more markets, as it offers advanced features compared to older systems. 

Extensive market data, more timeframes, and a built-in economic calendar. It’s all there in one platform to support how you trade and not just what you trade. 

Why MT5 Is More Than Just an Upgrade

Several traders often start with MT4 and persist with it since it is a user-friendly and widely used platform. However, MT5 offers more powerful features than just an upgrade. 

Refer to the points below to understand why MT5 is a powerful choice:

• More timeframes: MT5 has 21 timeframes as compared to MT4, which offers just 9 timeframes. This equips the traders to determine market behavior efficiently and spot opportunities. 

• Depth of Market (DOM): The real-time data assists in analyzing sentiment and liquidity, as it provides the volume of buy and sell orders mentioned at different prices. 

• Built-in economic calendar: This feature mitigates your hassle of opening different tabs for different websites, as it provides you with updates for core economic events within the platform. 

• Advanced order types: MT5 offers traders to have significant control over trade execution from market and limit orders to stop-limits. 

• Multi-asset support: You have the option to trade beyond forex in stocks, CFDs, futures, and much more with its multi-asset support. 

• Faster backtesting: The process of analyzing expert advisors is fast-tracked in MT5 due to its utilization of multi-threaded strategy testing. 

MT5 has the potential to deliver optimal performance as it is built for traders who require more flexibility, insights, and greater asset classes. 

How to Get Started With MT5

Getting started is relatively straightforward, as you simply need to visit an official platform provider and grab an MT5 download. You have the option to select from desktop, web, or mobile versions based on your requirement. However, we suggest opting for the desktop version to unlock its full functionality, such as expert advisors and custom indicators. 

Subsequently, the installation process is pretty simple and won’t require much time once you have downloaded it. Then, you can either create a new account or log in to your existing profile. Furthermore, the platform launches with an existing chart, tools, and a market watch panel set by default. 

Once the installation has been completed, you can work on personalizing the application according to your requirements, as you do chart customization, load saved templates, and configure price alerts, along with adding plugins for additional features. 

However, if you have used MT4 before, the MT5 layout will feel a bit cleaner with a less cluttered appearance and enhanced features to ease your trading experience. 

Comparing MT4 and MT5: A Closer Look

Refer to the table to understand what’s new in MT5 and have a quick comparison of the key differences between the two platforms: 

Feature	MT4	MT5
Timeframes	9	21
Depth of Market	Not available	Yes
Economic Calendar	Not built-in	Integrated
Supported Assets	Supports only Forex	Forex, stocks, commodities
Strategy Tester	Single-threaded	Multi-threaded
Pending Order Types	4	6
Programming Language	MQL4	MQL5

As visible from this table, MT5 offers several additional prominent features rather than just being a facelift. It provides optimal functionality upgrades that will assist significantly in strategy development and execution. 

Key Benefits for Traders

MT5 offers a vast array of tools that offer the potential for both beginners and technical analysis professionals to work smartly. 

Explore below the core benefits that traders appreciate: 

Custom indicators and scripts 

Traders can configure highly specific tools according to their strategy, as MT5 is equipped with the feature of supporting advanced coding through MQL5. 

One-click trading 

It can perform trades efficiently and quickly from the chart without the need to switch windows. 

Economic event tracking 

The built-in calendar assists in effectively planning trades around uncertain events. 

Depth of Market visibility 

This is a significant feature that assists the short-term and high-frequency traders in determining where the volume approaches on both sides. 

These tools are efficient for both pro traders and beginners, as beginners can explore their features, and several brokers offer educational resources as well to help you gain a better understanding of trading. 

MT5 for Multi-Asset Trading

The most prominent advantage of MT5 is its ability to manage multiple assets simultaneously. 

It offers you the potential to track forex pairs along with the following stock indices, monitor commodities, and even trade crypto, all from a single account. Subsequently, you don’t need to switch between platforms or configure separate logins for trading in different markets, as everything is there on one screen.  

The flexibility offered by MT5 significantly assists your strategy building, as you can either take short-term positions in forex or manage holdings in gold or an index for long-term stability, as per your requirement. With the use of MT5, you can significantly manage both at once in a single platform. 

MT5’s layout helps you stay organized, as it equips you with the potential to arrange multiple charts and configure key instruments to keep in view, along with making quick decisions as per the market moves. 

Who Should Use MT5?

New traders who require a platform that can boost their growth, as MT5 has an intuitive and user-friendly layout, but has optimal tools to support complex strategies eventually. 

Experienced traders who are searching for a platform to trade beyond forex, as MT5 delivers multi-asset potential for efficient handling of a diverse portfolio. 

Algorithmic traders who work on building custom indicators or expert advisors, as the architecture of MT5 is designed to deliver better and advanced performance than the previous MT4. 

If you are progressing with your trading potential and failing to evolve with your current setup, MT5 can be the right solution for all your needs. 

Where to Access MT5

Once you are ready for the switch, you can simply visit ThinkMarkets. Their platform support will significantly assist you in easily setting up and configuring MT5 to help you focus more on trading than troubleshooting. While it takes only a few minutes for installation, the platform offers several prominent features for exploration. 

Ready to Trade Smarter?

Your strategy to trade significantly depends upon the tools that you use, as MT5 serves the purpose of being a flexible and robust trading platform that efficiently assists you in decision-making in fast-moving markets. 

It’s far from being a newer version of MT4 and offers prominent features to help you switch between timeframes, test strategies with prime precision, or monitor various asset classes simultaneously. MT5 is the answer for all your advanced trading needs, as it offers the setup for optimal performance.

If you wish to explore the potential of trading and require a robust platform, it’s time to take the next step and try the features of MT5. 

---