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Connect your MQL5 account

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.

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Open Task Manager

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.

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Enable two-factor authentication

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.

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ThreeTrader

ThreeTrader is a Forex broker established in 2021. It offers competitive spreads, for example, as low as 0.7 pips on average for the EUR/USD in Pure spread account. There is also a points program, where you can redeem your accumulated points for rewards.

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Set the slippage tolerance

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. Here we will look at how to set the slippage tolerance on MT4/MT5.

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Set T/P and S/L values on the chart

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.

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Display tick volumes on chart

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.

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Open Depth of Market

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.

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Change T/P and S/L values on the chart

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.

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Place limit/stop order on the Depth of Market

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.

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Close positions at market price on the Depth of Market

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.

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Open positions at market price on the Depth of Market

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.

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Draw Fibonacci fan

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.

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Draw Fibonacci arcs

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.

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Draw Fibonacci channel

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.

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Draw Fibonacci expansion

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.

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Draw Elliott motive wave

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.

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Draw Elliott corrective wave

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.

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Draw rectangle

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.

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Draw triangle

Here we'll look over the steps on how to display a triangle 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 triangle can be changed to help identify key chart patterns such as flags.

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