Business

A Guide to MetaTrader 5 Automated trading

Published

3 years ago

January 2, 2023

A Guide to MetaTrader 5 Automated trading

MetaTrader 5 was introduced as an improved and advanced version of the classic MT4 platform. MT4’s functionality was confined to forex trading only. Whereas, it’s successor Metatrader 5 was built to navigate through a number of markets including forex, commodity, stocks, indices and crypto. They both are still very similar to each other but MetaTrader 5 surely has an edge when it comes to the technical aspects. This superiority of Metatrader 5 makes it a perfect platform to run a fully automated trading strategy with ease.

What Makes MetaTrader 5 a Better Choice for Algo Trading?

In order to use the MT5 trading platform, one would need to create an account with a forex broker that offers the metatrader 5 platform. There is no doubt in the fact that MT4 is still the most preferred trading platform on a global level. The simple yet powerful interface of MT4 is still the best place for beginners to learn and practice using the essential tools for trading. But when it comes to automated trading, you are bound to notice the differences which would justify opting for MT5 instead of MT4.

Most of the newbies who step into the forex world must have taken their first trading lessons from a demo account on the popular MT4 platform. Almost every broker offers MT4 as their trading terminal. But lately brokers have added the advanced MT5 terminal to their platform to keep up with the technological advancement. So, one important aspect which you need to look into is finding a broker who provides the MT5 platform and supports algo trading as well. Now let’s look at the differences which make MT5 a suitable choice for automated trading.

While using MT4, you will see that the only option to automate the trading process is by running an Expert Advisor (EA). It can be rightfully referred to as a forex trading robot which takes up trades on your behalf. It is a computer program or algorithm that is specifically designed to enter and exit trades without manual intervention. These are just scripts that facilitate automated trading. Whereas, on the MT5 platform in addition to expert advisors, automated trading can be done through strategies too. It is different from just using a bot that executes commands. A strategy is built by establishing a set of rules that needs to be followed while trading. And MT5 will carry out automated trading based on the very same rules as per your strategy.

Also, MT5 as a trading platform has more advanced and improved charting options and it is more capable of supporting automated trading than the classic version. Another thing to mention here is that an algo strategy would be executed based on an order system on MT4. On the other hand, MT5’s algo trading function is based on a positional system, allowing traders to keep a trade position open for a longer duration in comparison to MT4. Taking all these points into consideration, it is quite evident that MetaTrader 5 happens to have an upperhand when it comes to executing an automated strategy with utmost perfection.

Basics of Algo Trading on MetaTrader 5

Getting started with algo trading on MT5 is pretty easy for anyone once you understand the basics of it. You don’t need to be a pro at programming in order to avail the benefits of automated trading on the MT5 platform. You can easily purchase or rent the trading programs of your choice or can even go for free download options that are available. You also have the option to test these programs before applying them in real-time market conditions.

Another interesting feature is that those who are unable to find a program that fits their criteria can even order a custom program from the professional programmers offering their services to MetaTrader 5 users from the freelance section of MQL5 community website. This will be fast, convenient and affordable at the same time.

In addition to Expert Advisor robots, one can also use scripts, services and custom indicators on the advanced MT5 environment. Combining all these functions together will surely optimize a fully automated trading experience without needing any human intervention.

Steps for Enabling Algo Trading on MT5 Trading Platform

Click File → Open Data Folder and then click on the MQL5 folder to look for Expert Advisors. If you are opting for a custom program or scripts you will need to store them in this folder to use them.
For launching an expert advisor/indicator you just need to double-click on it, or you can simply drag it to a chart. Then you can see the properties window of the selected robot. You can start using it by clicking ok. If you see a green icon appearing in the upper right corner of the chart, that means the robot or advisor is successfully launched.
But if the icon is red, that would mean that the Expert Advisor is switched off. You need to go to the EA’s settings and the options of a trading platform & enable algo trading for starting the program.

Benefits of Automated Trading on MetaTrader 5

Eliminates Time Constraints: One of the best things about algo trading is that you can eliminate the time constraints and save a lot of time by relying on an automated strategy. An expert advisor or forex robot can function 24 hours and catch good trading opportunities on your behalf even when you are sleeping. It will also enter trades based on the market conditions which will save you from the trouble of watching and analyzing charts all day.
Effortless Trading Experience: Even a newbie can avail the benefits of automated trading without any prior experience or knowledge. Automated trading does not have a prolonged learning curve like manual trading. All you need is the right EA and you will be able to make profits from favorable price changes that happen in the trading instruments.
A perfect solution to emotional trading: Manual trading does have some risk of engaging in emotional or impulsive trading. As humans we may not be able to suppress the feelings of fear, greed, frustration and stress. These emotions can often result in revenge trading which is very dangerous for a trader. Traders who have a hard time controlling their emotions during a trade can leave the trading process to an EA to eliminate the risk of deviating from their original trading plan. A robot is simply not bound by emotions or feelings. Hence, the psychological barrier can be easily removed by opting for algo trading.

In conclusion, we can say that MetaTrader 5 is becoming the new favorite trading platform for traders. Automated trading is one of the most highlighted features of MetaTrader platform and MT5 aims to provide a better algo trading experience to its users with its advanced functions. MetaTrader 5 has managed to retain the user friendliness of MT4 even with the added functions and advancements, which makes it even more accessible for both novice and experienced traders.

Business

Scaling Success: Why Smart Habits Beat Growth Hacks in Modern eCommerce

Published

4 weeks ago

July 26, 2025

Matthew Wiles

There’s a romanticized image of the eCommerce founder: a daring risk-taker chasing the next big idea, fueled by late-night caffeine and last-minute inspiration. But the reality behind scaled, sustainable brands tells a different story. Success in digital commerce doesn’t come from chaos or clever hacks. It comes from habits. Repetitive, structured, often unglamorous habits.

Change, a digital platform created by eCommerce strategist Ryan, builds its entire philosophy around this truth. Through education, mentorship, and infrastructure, Change helps founders shift from scrambling for quick wins to building strong systems that grow with them. The company doesn’t just offer software. It provides the foundation for digital trade, particularly for those in the B2B space.

The Habits That Build Momentum

At the heart of Change’s philosophy are five core habits Ryan considers non-negotiable. These aren’t buzzwords; they’re the foundation of sustainable growth.

First, obsess over data. Successful founders replace guesswork with metrics. They don’t rely on gut feelings. They measure performance and iterate.

Second, know your customer deeply. Not just what they buy, but why they buy. The most resilient brands build emotional loyalty, not just transactional volume.

Third, test fast. Algorithms shift. Consumer behavior changes. High-performing teams don’t resist this; they test weekly, sometimes daily, and adapt.

Fourth, manage time like a CEO. Every decision has a cost. Prioritizing high-impact actions isn’t optional; it’s survival.

Fifth, stay connected to mentorship and learning. The digital market moves quickly. The remaining founders are the ones who keep learning, never assuming they know it all.

Turning Habits into Infrastructure

What begins as personal discipline must eventually evolve into a team structure. Change teaches founders how to scale their systems, not just their sales.

Tools are essential for starting, think Notion for documentation, Asana for project management, Mixpanel or PostHog for analytics, and Loom for async communication. But tools alone don’t create momentum.

Teams need Monday metric check-ins, weekly test cycles, customer insight reviews, just to name a few. Founders set the tone by modeling behavior. It’s the rituals that matter, then, they turn it into company culture.

Ryan puts it simply: “We’re not just building tools; we’re building infrastructure for digital trade.”

Avoiding the Common Traps

Even with structure, the path isn’t always smooth. Some founders over-focus on short-term results, chasing vanity metrics or shiny tactics that feel productive but don’t move the needle.

Others fall into micromanagement, drowning in dashboards instead of building intuition. Discipline should sharpen clarity, not create rigidity. Flexibility is part of the process. Knowing when to pivot is just as important as knowing when to persist.

Scaling Through Self-Replication

In the end, eCommerce scale isn’t just about growing a business. It’s about repeating successful systems at every level. When founders internalize high-performance habits, they turn them into processes, then culture, then legacy.

Growth doesn’t require more motivation. It requires more precision. More consistency. Your calendar, not your to-do list, is your business plan.

In a space dominated by noise and novelty, Change and its founder are quietly reshaping the conversation. They aren’t chasing trends but building resilience, one habit at a time.