Table Of Content
Overview of Exness MetaTrader 5
An advanced trading instrument, the Exness MT5 platform It provides traders a powerful and adjustable environment for different financial instruments. MT5 comes after MetaTrader 4 and provides advanced features with better performance. MT5 is used by traders who trade forex, stocks, indices or commodities. Utilizing Exness MT5, you will get everything that is required for successful trade.
Key Features of the Exness MT5 Platform
Exness MetaTrader5 (MT5) is an advanced trading platform intended to cater the needs of all types of traders making it a one-stop solution for everything you can ever desire in trade. Here are some highlights of Exness MT5:
- Advance Charting Tools: You can find advanced charting capabilities in Exness MT5, And traders get the flexibility to customize their charts.
- Prebuilt technical indicators: Features over 80 pre-official data points that traders can use to analyze crucial aspects of analyzing a market, like trends, momentum, volatility and more.
- Copy Trading with Expert Advisors (EAs): Exness MT5 provides for the automatic trading by means of using such programs as expert advisors.
- Assorted Order Types: Exness MT5 covers several order types that you may set like market, limit orders or stop and trailing stops;
- Fast Execution: Exness MT5 provides super-fast executions as well.
- Depth of Market (DOM): Depth of Market on Exness MT5, showing the available liquidity for each price level to traders.
How to Download Exness MT5
Downloading the Exness MT5 platform is simple and quick. You can access powerful trading tools and features on any device. Exness MT5 is available for Windows, Mac, Android, and iOS. Follow these steps to download and install Exness MT5 on your device.
Download Exness MT5 for Windows
- Visit the Exness Website: Go to the official Exness website and navigate to the platform download section.
- Download the Installer: Click on the download link for the MetaTrader 5 platform for Windows. The installer file (setup.exe) will begin downloading to your computer.
- Run the Installer: Once the download is complete, open the setup.exe file to begin the installation process.
- Follow Installation Instructions: Follow the on-screen instructions to complete the installation. You can choose the destination folder and create shortcuts during this process.
- Launch the Platform: After the installation is complete, launch the Exness MT5 platform. You can now log in using your Exness account credentials and start trading.
Download Exness MetaTrader 5 for Mac
- Access the Exness Website: Navigate to the Exness website and find the download page for MetaTrader 5.
- Download the Mac Installer: Click on the download link for the Mac version of MetaTrader 5. The installer file will be downloaded to your Mac.
- Install the Platform: Double-click on the downloaded file to launch the installation wizard. Follow the prompts to install Exness MT5 on your Mac.
- Complete the Installation: After the installation process is finished, open the Exness MT5 platform from your Applications folder.
- Log In to Your Account: Use your Exness account number and password to log in and begin trading on the platform.
Download Exness MT5 for Android and iOS
To trade on the go, Exness MT5 is available for both Android and iOS devices.
For Android:
- Open Google Play Store: On your Android device, go to the Google Play Store.
- Search for MetaTrader 5: Type “MetaTrader 5” in the search bar and select the official MetaTrader 5 app from MetaQuotes Software Corp.
- Download and Install: Tap “Install” to download and install the app on your device.
- Log In: Once installed, open the app and log in with your Exness account credentials to start trading.
For iOS:
- Access the App Store: On your iPhone or iPad, open the Apple App Store.
- Search for MetaTrader 5: Enter “MetaTrader 5” in the search field and find the official app by MetaQuotes Software Corp.
- Install the App: Tap “Get” to download and install MetaTrader 5 on your iOS device.
- Launch and Log In: Open the app, log in with your Exness account, and begin trading on the go.
Setting Up Exness MetaTrader 5
After downloading Exness MT5, the next step is to set up the platform for a smooth trading experience. Setting up involves installing the platform on your device and configuring server settings to connect your trading account. This guide will walk you through the setup process, so you can start trading quickly and efficiently.
How to Install Exness MT5
- Run the Installer: After downloading the Exness MT5 installer from the Exness website, locate the file on your computer (usually in the “Downloads” folder) and double-click it to begin the installation process.
- Follow the Installation Prompts: A setup wizard will guide you through the installation steps. You will need to accept the license agreement, choose the installation folder, and decide whether to create shortcuts.
- Complete the Installation: Once you’ve made your selections, click “Next” to start the installation. The process will only take a few minutes. Once complete, click “Finish” to close the setup wizard.
- Launch Exness MT5: After installation, you can launch Exness MT5 by double-clicking the desktop shortcut or accessing it through your Start menu (on Windows) or Applications folder (on Mac).
Configuring Exness MT5 Server
- Open the Platform: Start the Exness MT5 platform. Upon launching for the first time, a login window will appear.
- Select a Server: In the login window, you’ll need to select the correct server that corresponds with your Exness trading account. This information can usually be found in your Exness Personal Area or in the welcome email you received after opening your account.
- Enter Your Login Credentials: Input your trading account number in the “Login” field and your password in the “Password” field. Make sure the “Save Account Information” option is checked if you want the platform to remember your credentials for future logins.
- Connect to the Server: Click “Login” to connect to the Exness server. If the connection is successful, you will see your account details, including balance and open trades, appear in the platform’s interface.
- Customize Platform Settings (Optional): After logging in, you can customize various platform settings, such as chart appearance, notification preferences, and language settings. These can be adjusted in the “Tools” menu under “Options.”
Using Exness MT5
Once you’ve set up your Exness MT5 platform, you’re ready to begin trading.
How to Log In to Exness MT5
- Open the Platform: Launch Exness MT5 from your desktop shortcut or application menu.
- Enter Your Credentials: On the login screen, enter your Exness trading account number in the “Login” field and your password in the “Password” field. Select the correct server that matches your account details.
- Login and Connect: Click “Login” to connect to the Exness server. Once connected, you’ll see your account details displayed, including your balance, equity, and open positions.
- Save Login Information (Optional): To streamline future logins, check the “Save Account Information” box before logging in. This will save your credentials, allowing for quicker access next time.
Trading on Exness MT5
- Placing a Trade: To open a new trade, you can either click the “New Order” button in the toolbar, press F9 on your keyboard, or right-click on the desired instrument in the Market Watch window and select “New Order.”
- Set Trade Parameters: In the “New Order” window, choose your trade parameters, including the symbol, volume, stop loss, take profit, and order type (market order or pending order).
- Execute the Trade: Click “Sell by Market” or “Buy by Market” to execute a market order. If you’re placing a pending order, set the desired price level and expiry date before clicking “Place.”
- Monitoring Trades: Your open trades will appear in the “Trade” tab at the bottom of the platform. Here, you can monitor your positions, adjust stop loss and take profit levels, or close trades as needed.
Managing Your Exness MT5 Real Account
- View Account Information: The “Terminal” window at the bottom of the platform displays your account balance, equity, margin, free margin, and margin level. Keeping an eye on these metrics helps you manage your risk and ensure you have sufficient margin for trading.
- Deposit and Withdraw Funds: To deposit or withdraw funds, log into your Exness Personal Area on the Exness website. The MT5 platform itself does not handle financial transactions but reflects all account activities.
- Customizing Your Workspace: Customize the layout and appearance of your trading workspace to suit your preferences. You can adjust chart settings, rearrange windows, and apply different templates to create a workspace that enhances your trading efficiency.
- Review Trading History: The “Account History” tab in the Terminal window provides a detailed record of all your past trades, including profits, losses, deposits, and withdrawals. This is useful for reviewing performance and keeping track of your trading activity.
Trading Tools on Exness MT5
Exness MT5 provides a complete set of trading tools to improve your trading experience. With advanced charting options and automated trading features, these tools help you analyze markets accurately and execute trades with precision.
Advanced Charting Tools
Exness MT5 offers advanced charting tools that enable you to customize charts, apply technical analysis, and gain insights into market trends. These tools are crucial for traders who depend on technical analysis to make informed trading decisions.
Built-in Technical Indicators
Exness MT5 comes with over 30 built-in technical indicators, enabling you to perform detailed market analysis. These indicators help identify trends, momentum, volatility, and other key market metrics, allowing you to optimize your trading strategies.
Automated Trading with Expert Advisors
Exness MT5 supports automated trading with Expert Advisors (EAs). EAs are programs that automatically analyze market conditions and execute trades based on predefined strategies. This feature is perfect for traders who want to use algorithmic trading.
Comparing Exness MT5 with MT4
While both MT4 and MT5 are powerful trading platforms, MT5 offers several advantages over its predecessor, MetaTrader 4.
| Feature | MT4 | MT5 |
|---|---|---|
| Platform Capabilities | Primarily designed for forex trading, known for simplicity and stability. | Offers advanced features, handles more complex strategies, and provides access to a broader range of markets. |
| Pending Order Types | 4 types (Buy Limit, Sell Limit, Buy Stop, Sell Stop) | 6 types (All MT4 types + Buy Stop Limit, Sell Stop Limit) |
| Timeframes | 9 timeframes | 21 timeframes |
| Built-in Indicators | 30 technical indicators | 38 technical indicators |
| Analytical Objects | 23 analytical objects | 44 analytical objects |
| Market Depth | Not available | Available |
| Economic Calendar | Not available | Integrated |
| Programming Language | MQL4 (simpler, less advanced) | MQL5 (supports object-oriented programming, more advanced) |
| Execution Models | Market Execution, Instant Execution | Primarily Market Execution |
| Backtesting Capabilities | Single-threaded strategy tester | Multi-threaded strategy tester, more advanced backtesting |
| Market Coverage | Focuses on forex, also includes CFDs on metals, indices, and cryptocurrencies | Includes forex, stocks, commodities, indices, futures, and more |
Common Issues with Exness MT5
When using Exness MT5, traders might face some common issues. Here’s a breakdown of these issues and potential solutions.
Login Issues
- Problem: Difficulty logging into the platform, either due to incorrect credentials or server issues.
- Solution: Ensure that the correct login details (username, password, and server) are entered. Double-check these credentials in the Exness Personal Area. If the issue persists, verify if the server is active and not undergoing maintenance.
Slow Platform Performance
- Problem: The MT5 platform may lag or respond slowly, particularly when multiple charts and indicators are open.
- Solution: Optimize the platform’s performance by reducing the number of open charts and disabling unnecessary indicators. Adjust settings such as reducing the number of bars in the chart history, and consider upgrading your hardware or internet connection if the problem persists.
Connection Problems
- Problem: Frequent disconnections or inability to connect to the server.
- Solution: Check your internet connection for stability. If using Wi-Fi, consider switching to a wired connection. Ensure that the correct server is selected. If the issue continues, it may be related to server maintenance, so checking the status with Exness support might be necessary.
Order Execution Delays
- Problem: Delays in executing orders, which can lead to missed trading opportunities or slippage.
- Solution: This could be due to high market volatility or poor internet connection. Ensure that your internet connection is stable and consider setting up a VPS (Virtual Private Server) for faster execution, especially if you are a high-frequency trader.
Chart Display Errors
- Problem: Charts not displaying correctly, or certain data not appearing as expected.
- Solution: Try refreshing the chart by right-clicking and selecting “Refresh.” If the problem persists, clear the cache by navigating to the terminal’s data folder and deleting the relevant cache files. Restarting MT5 might also resolve the issue.
Indicator and EA Malfunctions
- Problem: Custom indicators or Expert Advisors (EAs) may not work as expected, either not loading or producing incorrect results.
- Solution: Ensure that the indicator or EA is compatible with MT5. Check the code for errors if it’s a custom EA. Reinstall the indicator or EA if necessary. Ensure that automated trading is enabled in the platform settings.
Exness MT5 FAQs
Is Exness MetaTrader 5 free to download?
Yes, Exness MetaTrader 5 is free to download. You can access it directly from the Exness website or app stores for mobile devices without any additional cost.