Exness MetaTrader 5 (MT5) Platform

Configuring Indicators

Setting up indicators on the Exness MetaTrader 5 (MT5) platform is a straightforward process that enhances your technical analysis capabilities. Here’s how to configure indicators to align with your trading strategy:

1. See Chart: First, pick the thing you want to study and see its chart.
2. Use Signs: Click “Add” at the top. Choose “Signs”.
3. Choose a Sign: A new box will show different kinds like ‘Trend’, ‘Moves’, and ‘Volumes’. Look at these and pick a sign that fits your study needs.
4. Make Changes: Once you pick a sign, a box will open with different things to change. Change these to match what you need.
5. Check and Use: When done, tap “OK” to add the sign to your chart. The sign will now show, and you can start using it to study trade states.

Using Analysis Tools

The Exness MetaTrader 5 (MT5) tool has many analysis tools. It helps in different trading strategies. Here’s how to use these tools for better market analysis:

1. Indicators: MT5 has many built-in signs like RSI, MACD, and moving averages. They help see market moves and possible price changes.
2. Analysis: Know real-time economic news and events with MT5. It mixes money news streams and an economic calendar. It tells you about big events that may change the markets.
3. Charts: MT5 gives tools to draw and study tech chart shapes. Trend lines, Fibonacci lines, and support/resistance levels are on the toolbar.

Utilising Trading Signals

Trading signs on Exness MetaTrader 5 (MT5) help copy skilled traders’ trades. Here’s how to use it to improve your trading:

1. Use MT5: Open MT5, find “Terminal” at the screen’s bottom, then tap “Signals”.
2. See Signals: Look at available signals, check their stats and strategies. Find one that matches your goals and risk.
3. Pick a Signal: Choose based on profit, drawdown, subscribers, and time active.
4. Subscribe: Click the signal for more info and hit “Subscribe”.
5. Adjust Settings: After, set how trades are copied – like fund allocation, stop loss, and lot size.

Automated Trading with Expert Advisors

Trading robots (EAs) on Exness MT5 can automate your trading according to specific rules. Here’s how to set up and use EAs for automated trading on Exness MT5:

1. Access the Navigator Window: Open your MT5 platform and locate the “Navigator” window, which is usually on the left side of the screen. Here, you will find the “Expert Advisors” section.
2. Choose an Expert Advisor: Within the “Expert Advisors” section, you will see a list of available EAs. These might include both the default EAs provided by MT5 and any custom EAs you have installed.
3. Drag and Drop the EA: Select the EA you want to use and drag it onto the chart of the instrument you wish to trade. This action attaches the EA to the selected chart.
4. Configure EA Settings: Once you drop the EA onto a chart, a configuration window will appear. Here, you can set various parameters according to your trading strategy. This might include lot size, profit targets, stop losses, and other specific criteria relevant to how the EA should operate.
5. Enable Automated Trading: To activate the EA, ensure that automated trading is enabled on your platform. You can check this by looking at the “Auto Trading” button on the toolbar at the top of the platform; it should be green when active. If it’s not, click it to enable automated trading.

Developing Trading Strategies

To improve your trading on Exness MT5, it’s helpful to create and use different trading plans for various market situations and your own risk acceptance. Here are some common ideas for you to think about:

1. Scalping: Make many fast trades to gain from small price changes. Hold for a few minutes or seconds.
2. Swing Trading: Capture market momentum waves, holding for a few days to weeks. Aim to catch ‘swings’ in prices.
3. Trend Following: Identify and follow market trends using indicators like moving averages and MACD. Hold for weeks or months.

Utilising Market Watch

The Market Watch part is very important in the Exness MetaTrader 5 (MT5) system. It gives live prices and easy entry to trade things. Here’s how to use Market Watch best to improve your trading.

1. Open Market View: Use MT5. If you don’t see Market View, click “View” then “Market View,” or press Ctrl+M.
2. Fast Trade: Right-click on a market in Market View and pick “New Trade” to quickly open a trade window for that market.
3. Special Signs and Warnings: Apply custom signs from Market View. Drag and drop the sign onto the market’s chart.

Managing Trading Orders

It’s important to put and handle trade requests well to make the most of market chances and control dangers. Here’s how to handle various kinds of requests on Exness MetaTrader 5 (MT5) platform:

• Placing Market Orders: To trade at the market price, open the “New Order” window. Do this by clicking “New Order” or pressing F9. Choose “Market Execution” from the menu. Input your trade volume and click “Buy” or “Sell” based on your decision.
• Trading: Market orders are swiftly executed at the best available price, letting you enter or exit the market without delay.

Setting Up Alerts

Alerts in MetaTrader 5 (MT5) can tell you about big market moves, so you don’t have to watch the charts all the time. Here’s how you can make alerts on Exness MT5:

1. Click on the Terminal window and pick “Alerts”.
2. Pick criteria for the alert, like price or time.
3. Adjust notification options, like email and SMS alerts.