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A Guide to MetaTrader 5 Automated trading




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

  1. 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.
  2. 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.
  3. 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.


Rosario is from New York and has worked with leading companies like Microsoft as a copy-writer in the past. Now he spends his time writing for readers of

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Designing Secure Commercial Spaces Without Compromising Aesthetics




In the realm of commercial design, security and aesthetics often seem like opposing forces. Business owners and designers alike grapple with the challenge of creating spaces that not only captivate and inspire but also ensure the safety and security of assets and occupants. The good news is that integrating security features into commercial spaces without sacrificing visual appeal is entirely achievable. This blog post will delve into innovative design strategies that harmonise security with aesthetics, including a look at the best deadlocks for front doors in Australia, ensuring your commercial space is both beautiful and fortified.

Embracing Technology for Seamless Security

Modern technology offers a plethora of options for discreet yet effective security measures. For instance, advanced surveillance systems can be integrated into the architectural design in a way that they blend seamlessly with the environment. Smart locks and biometric access controls offer robust security without the clunky hardware, maintaining a sleek and modern aesthetic. Implementing these technologies not only elevates the security level of your commercial space but does so without disrupting its design flow.

Strategic Use of Materials and Design Elements

The choice of materials and design elements plays a crucial role in balancing security and aesthetics. High-strength materials such as tempered or laminated glass, for example, offer excellent security without compromising on the visual openness that glass provides. Similarly, incorporating natural barriers like decorative boulders or planters can serve as subtle physical deterrents while enhancing the space’s visual appeal.

Lighting: A Dual-Purpose Tool

Lighting is another powerful tool that serves both aesthetic and security purposes. Well-planned lighting can highlight architectural features and create a welcoming atmosphere while ensuring visibility and deterring unauthorised access after hours. Motion-sensor lighting, in particular, can be a discreet addition that enhances security without detracting from the design.

The Role of Deadlocks in Aesthetic Security

A critical aspect of securing any commercial space is the choice of locks, especially for front doors which are the primary entry and exit points. Deadlocks offer a high level of security, making them an essential feature for commercial spaces. However, selecting the right deadlock doesn’t mean you have to settle for a utilitarian look. Today, the market offers a variety of deadlock designs that complement any aesthetic, from modern minimalist to classic elegance. For those in Australia, choosing the best deadlocks for front doors involves considering both the security features and how the lock’s design integrates with your commercial space’s overall look.

Collaboration Between Security Experts and Designers

Achieving a balance between security and aesthetics often requires a collaborative approach. Security experts and interior designers need to work hand in hand from the early stages of the design process. This collaboration ensures that security measures are not afterthoughts but are integrated into the design in a way that complements the space’s aesthetic appeal.

Ready to get started?

Designing secure commercial spaces without compromising aesthetics is not only possible but essential in today’s world. Remember, the goal is to integrate security seamlessly into the design, enhancing the user experience and ensuring peace of mind for both business owners and visitors. With thoughtful planning and collaboration, your commercial space can be a testament to the harmony that can exist between security and aesthetics.

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