New Features in Meta Trader 5
The latest release of Meta Trader 5 comes packed with “over 70 analysis oriented tools and around 21 newly added time frames.” Its strategy testing platform has been upgraded from its predecessor, after consulting with forex experts. Depth of market and in-house reporting tools has also been upgraded. However, the crowning glory lies in its capability to process the trades in various markets in the financial world. This tool has been added to benefit only the forex trader and has little or no use for other traders. The four types of support operations provided are: Request, Market, Exchange, and Instant.
The old integrated development system, MQL4, has been upgraded to MQL5. It utilizes the MetaEditor 5 as the programming language. All the previous bugs and issues have been fixed and the language has been improved and condensed into a user friendly format. By using it, more advanced Expert Advisors (EA) can be created. The only drawback is that MQL5 based EAs do not have backward support.
Why Choose Meta Trader 5?
All the features that made Meta Trader 4 such an instant hit are still there in Meta Trader 5. In fact, they have been rearranged to fit in a better context in order to achieve greater efficiency. The designers have not wasted time in innovating for the sake of innovation. They have kept the simple and orderly form of the previous versions intact in the newer version.
Then why should we upgrade? The forex market has evolved tremendously since the release of Meta Trader 4 and it now demands a more advanced online trading platform. Meta Trader 5 delivers that, as can be seen from its two need indicators: TRIX and TEMA. Both indicators allow the trader to analyze the market with greater clarity with the use of next generation market oscillation analysis.
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