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METATRADER 5 PLATFORM
The developer of trading software MetaQuotes Software Corp. is set to launch its new edition of the trading platform – MetaTrader 5 by the beginning of 2010. The new version of the trading platform will be characterized by reliability and execution speed improvement combined with considerable extension of functionality. Public testing of new MT5 platform started out in October 2009. The estimated testing period is expected to be 5-6 months and it will be effected stage-by-stage, according to the MetaQuotes. The Clients of Forex Ltd will definitely have an opportunity to work with a new trading platform after its official release. The information concerning any changes will be published at Company News page.
METATRADER 5 ADVANTAGES
MetaTrader 5 has many new features as compared to its predecessor, MT4. MetaTrader 5 will offer much wider range of trading possibilities, such as high speed of order execution and advanced built-in reports on all trading activities. MT5 is featured by MetaTrader 5 Strategy Tester allowing programmers to test a newly programmed EA on historical data before using it in live trading.
WORKING IN VARIOUS MARKETS – FOREX, CFD, STOCK, FUTURES, OPTIONS
MT5 trading platform will allow to process traders` transactions in various financial markets including Forex currency market, CFD, futures and stock market. The trading platform has also combined an innovation of the Depth of Market to the Market Watch Window. This tool is required for successful work in the stock markets.
DELIMITATION BETWEEN NOTIONS OF ORDER, POSITION AND TRADE
The new trading terminal implies profound difference between such notions as "order", "position" and "trade".
"EXCHANGE" AS A NEW TYPE OF TRADE OPERATION EXECUTION
Four types of trade operation execution will be supported in MetaTrader 5 terminal: Market, Request, Instant and Exchange. The new execution type "Exchange" is designed to process trade operations with stock exchange tools.
NEW TRADING REPORTS
In order to provide convenient and quick analysis of trading activity advanced reports will be included into the MT5 trading terminal allowing to track initial and final deposit values as well as the number of other indicators, Z-score, GHPR, Profit Factor and others.
WIDE ANALYTICAL OPPORTUNITIES
Wide range of analytical tools is included into MetaTrader 5 trading software. These tools are as follows:
MQL5 PROGRAMMING LANGUAGE
New MetaQuotes Language 5 will provide wider opportunities and it will be easier to learn. This new MQL5 language will provide faster execution speed as compared to MQL4, it will allow to involve more sophisticated experts and it will process more information. MetaTrader 5 will be featured by slide show indicator, placing custom background pictures behind the chart with an option to rotate them. Creating favorite theme background will allow to relax during trading sessions. MQL5 will also provide a TradePad, an indicator helping add a panel with different custom mini charts and trade buttons which is very useful for quick overview of the market situation.
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