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    MT5 Terminal Guide
    bybit2024-08-15 09:56:14

    Here is a detailed guide on the different functions available on the MT5 platform. 

     

     

    General Terminal

     

    Market Watch

    Displays a list of financial instruments available for trading along with their real-time prices.

    Navigator 

    Provides quick access to accounts, indicators, expert advisors (EAs), and scripts.

    Toolbox

    Contains multiple tabs for managing trades, account history, alerts, mailbox, and more.

    Charts

    Graphical representations of price movements for selected financial instruments.

    Depth of Market

    Shows the buy and sell orders for an instrument, allowing users to gauge market liquidity.

    Trade

    Displays open positions, pending orders, account balance, equity, and margin information.

    History

    Provides a record of past trades, including closed positions and balance operations.

    News

    Delivers real-time news from financial markets to help traders make informed decisions.

    Alerts

    Allows setting custom alerts for price changes, trading conditions, and more.

    MailBox

    A built-in email client to receive messages from brokers and system administrators.

    Company

    Provides information about the brokerage or financial institution offering the MT5 platform.

    Market

    An online store for purchasing trading robots, indicators, and other applications.

    Signals

    Enables subscription to trading signals from professional traders, automating trade copying.

    Code Base

    A repository of free code for indicators, scripts, and EAs, available for download.

    Expert Advisors (EAs)

    Automated trading systems that operate according to programmed algorithms.

    Indicators

    Tools for technical analysis, including trend indicators, oscillators, and volume indicators.

    Scripts

    Small programs to automate routine trading operations.

    Strategy Tester

    A tool for backtesting and optimizing trading strategies on historical data.

    Virtual Hosting

    Allows renting a virtual server directly from the platform for continuous operation of EAs.

     

     

     

     

     

    Trade Terminal

     

    Symbol

    The financial instrument or currency pair being traded, such as EUR/USD, GBP/JPY, etc.

    Ticket

    A unique identifier is assigned to each trade or order placed in the market.

    Time

    The exact date and time when the trade was opened.

    Type

    Indicates whether the position is a Buy or Sell order, or other types of pending orders like Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, or Sell Stop Limit

    Volume

    The size of the trade or order. It is usually measured in lots.

    Price

    The price at which the trade was executed or the price of the pending order.

    S/L

    Stands for Stop Loss, which is the predefined price level at which the trade will be automatically closed to prevent further losses.

    T/P

    Stands for Take Profit, which is the predefined price level at which the trade will be automatically closed to lock in profits.

    Price

    The current market price of the financial instrument.

    Profit

    The current profit or loss of the trade is calculated based on the difference between the opening price and the current price.

    Change

    The change in price since the trade was opened is displayed as a percentage

    Swap

    Swap fee (also known as the rollover or overnight fee) that is either charged or credited to your account for holding a position overnight.


    Positive = Indicates that an amount is credited to your account


    Negative = Indicates that an amount is debited from your account

    Magic

    A unique identifier assigned to trades by Expert Advisors (EAs) for easier management and tracking.

    Comment

    Any additional information or notes provided by the trader or EA regarding the trade.

     

     

     

    For more information about the MT5 Client Terminal interface, please feel free to check out the official MetaTrader 5 website here.

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