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Open demo account on MT4/MT5

MetaTrader basics (PC)

Here we will look at how to open a demo account on MT4/MT5. On MT4/MT5, you can open a demo account if allowed by your broker. Not many brokers are allowing this.

Created : 2023.03.21

Last updated : 2024.02.19
Install custom indicator

EA, indicators & objects (PC)

On MT4/MT5, you can install indicators of your choice aside from the pre-installed technical indicators. The indicators installed by users are called custom indicators.

Created : 2023.03.17

Last updated : 2023.12.08
Connect your MQL5 account

Others (PC)

Here we will look at how to connect your MQL5 account on MT4/MT5. By connecting your MQL5 community account on MT4/MT5, you can use indicators and automated trading systems that you get on the MQL5 community and other features.

Created : 2023.03.01

Last updated : 2023.06.30
Open Task Manager

Others (PC)

Here we will look at how to open the Task Manager on MT5. You can access the Task Manager to check how much of your PC's resources is being used. If MT5's performance is slowing down, use it to find out the cause.

Created : 2023.02.24

Last updated : 2023.12.08
Enable two-factor authentication

Others (PC)

Here we will look at how to set up two-factor authentication on MT5. To enable it, you need to have an authenticator app installed on your phone beforehand. Two-factor authentication is not available on MT4.

Created : 2023.02.24

Last updated : 2023.02.24
Set the slippage tolerance

Orders (PC)

On MT4/MT5, you can prevent an order from being executed if the slippage from the rate at which the order is placed exceeds the specified amount. This option is only available when instant execution is used by your broker.

Created : 2023.02.09

Last updated : 2023.07.19
Set T/P and S/L values on the chart

Orders（Mobile & tablet）

When using iOS mobile devices, you can set take-profit (T/P) and stop-loss (S/L) values on the chart. You can also change a take-profit (T/P) or a stop-loss (S/L) value on the chart even if you've already set them when placing the order.

Created : 2022.11.29

Last updated : 2024.03.15
Display tick volumes on chart

Charts (Mobile & tablet)

Here we'll look over the steps on how to display tick volumes on the chart in MetaTrader5 (MT5) app for Android and iOS mobile devices. Tick volumes displayed in MT5 come from the forex broker. The volume displays the total trade volume.

Created : 2022.11.17

Last updated : 2023.02.05
Open Depth of Market

Orders（Mobile & tablet）

Here we'll look over the steps on how to open the Depth of Market on MetaTrader5 (MT5) app for Android and iOS mobile devices. In the Depth of Market, you can check the depth of market data to see the amount of buy and sell orders by price, which helps you to grasp the market liquidity.

Created : 2022.11.17

Last updated : 2022.12.13
Change T/P and S/L values on the chart

Orders（Mobile & tablet）

When using iOS mobile devices, you can change take-profit (T/P) and stop-loss (S/L) values on the chart. You can also add a take-profit (T/P) or a stop-loss (S/L) value on the chart even after you've placed a new order.

Created : 2022.11.17

Last updated : 2023.04.05
Place limit/stop order on the Depth of Market

Orders（Mobile & tablet）

Here we'll look over the steps on how to place a limit/stop order in the Depth of Market window on MetaTrader5 (MT5) app for Android and iOS mobile devices. In the Depth of Market, you can check the depth of market data when placing your orders. Please note that if you wish to place an order from the Depth of Market, you must have one-click order enabled.

Created : 2022.11.11

Last updated : 2022.12.13
Close positions at market price on the Depth of Market

Orders（Mobile & tablet）

Here we'll look over the steps on how to close a position at market price in the Depth of Market window on MetaTrader5 (MT5) app for Android and iOS mobile devices. In the Depth of Market, you can check the depth of market data when placing your orders. Please note that if you wish to place an order from the Depth of Market window, you must have one-click order enabled.

Created : 2022.11.11

Last updated : 2023.10.16
Open positions at market price on the Depth of Market

Orders（Mobile & tablet）

Here we'll look over the steps on how to open a position at market price in the Depth of Market window on MetaTrader5 (MT5) app for Android and iOS mobile devices. In the Depth of Market, you can check the depth of market data when placing your orders. Please note that if you wish to place an order from the Depth of Market window, you must have one-click order enabled.

Created : 2022.11.11

Last updated : 2022.12.13
Draw Fibonacci fan

EA, indicators & objects (Mobile & tablet)

Here we'll look over the steps on how to display the Fibonacci fan on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Fibonacci fan uses the trendline and draws 3 separate lines using the Fibonacci ratio. Use these lines to determine the dip/rally, as well as a breakpoint that signals a trend change.

Created : 2022.11.02

Last updated : 2022.12.13
Draw Fibonacci arcs

EA, indicators & objects (Mobile & tablet)

Here we'll look over the steps on how to display the Fibonacci arcs on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Fibonacci arc is a technical indicator that utilizes the Fibonacci ratio on the price gap and time. Connect the high and low and it will draw 3 arcs relative to the end point using the Fibonacci ratio. It is one of the Fibonacci analysis methods that incorporate time, and is the same in concept as the Fibonacci retracement.

Created : 2022.11.02

Last updated : 2022.12.13
Draw Fibonacci channel

EA, indicators & objects (Mobile & tablet)

Here we'll look over the steps on how to display the Fibonacci channel on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Fibonacci channel uses the trendline and creates parallel channel lines using the Fibonacci ratio. Use these lines to predict support and resistance levels and to determine a take-profit level after a channel breakout.

Created : 2022.11.02

Last updated : 2022.12.13
Draw Fibonacci expansion

EA, indicators & objects (Mobile & tablet)

Here we'll look over the steps on how to display the Fibonacci expansion on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. This tool draws horizontal lines using the Fibonacci ratio when connecting the starting point of the trend and the dip/rally points. Use these as reference points to determine how far the market will expand.

Created : 2022.11.02

Last updated : 2023.06.12
Draw Elliott motive wave

EA, indicators & objects (Mobile & tablet)

Here we'll look over the steps on how to display the Elliott motive wave on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. The Elliott Wave, an analysis method developed by Ralph Nelson Elliott (USA), states that markets have a cycle. The Elliott motive wave moves in the same direction as the one larger trend and is useful when identifying major market trends.

Created : 2022.11.02

Last updated : 2022.12.13
Draw Elliott corrective wave

EA, indicators & objects (Mobile & tablet)

Here we'll look over the steps on how to display the Elliott corrective wave on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. The Elliott Wave, an analysis method developed by Ralph Nelson Elliott (USA), states that markets have a cycle. The Elliott corrective wave moves in the opposite direction as the one larger trend and forms a dip/rally. Use it to determine if the movement signals a trend reversal or a temporary correction.

Created : 2022.11.02

Last updated : 2022.12.13
Draw rectangle

EA, indicators & objects (Mobile & tablet)

Here we'll look over the steps on how to display a rectangle on the chart in MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. On MT4/MT5, you can display 3 types of shapes on the chart, a rectangle, a triangle, and an ellipse. The color and shape of the rectangle can be changed to help identify the highest and lowest levels of the range-bound market.

Created : 2022.11.02

Last updated : 2023.10.23

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Search results | MetaTrader4/5 user guide

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