“Metatrader 5 is a wonderful app i do feel like a few features should be added like a breakeven feature, a risk calculator for market executions, entry alerts, and alerts for when the trade closes whether it hits SL or TP.”
“pro:
-best, if you're change from Forex to Futures,
-pretty simple but everything you basicly need (exept vwap, delta),
cons:
-chart lags sometimes in fast periods,
-you cant see the actual comission to pay - correction comes next day
sum:
-ok to trade, but always good to have a 2nd platform (like CQJ) in reserve”
“I trade with MT5 mainly because I became used to it when I traded forex. The biggest advantage was the myriad of custom indicators. That's the biggest reason. The bad? I think, it's a little slower placing orders than other platforms. This can be important sometimes. I also wish you could open charts in any time denomination, like 7M, 8M 9M charts. I would use these, but there's a limit on how many different ones you can use. Too bad.”
“This older trading platform is very stable. It is possible to connect it via Python, which is the very powerful way to get an advantage. Execution is fast in real trading account.
The cons is that it has only basic user interface features compared to Tradingview or Gocharting. But for algorithmic trading it is good choice.
On the marketplace you can find lot of add-ons.”
“Meta Trader is a really stable and reliable platform. Its MQL5 language is great for automating strategies. Frankly, one of the only reasons I use AMP is because it’s one of the few U.S. futures brokerages that are on the MetaTrader platform .”
“Great experience with MT5, it does have minor bugs like not able to remember the history range you selected, example, you select yesterday, it shows the profits for that day. Open the app later, it resets that Yesterday back to the default, never use to amp. Other wise MT5 works great, but AMP needs to update their backend to more modern one. I wish it charged commisions as trades happen instead of end of day. I wish there was more transparency with this.”
