Metatrader 5 - Step by step to becoming an MT5 pro

In this lesson, I will introduce you to MetaTrader 5 (MT5), an advanced trading platform that offers a number of improvements over its predecessor, MT4. Learn how MT5 enriches your trading experience with advanced analysis tools and new trading options. We highlight the benefits of MT5 in terms of efficiency and capacity requirements.

In this lesson, you'll learn how to download, install and set up the MT5 trading platform for your first use. I'll show you why it's better to get MT5 directly from your broker and walk you through the steps of the installation process. You will also learn how to set up your first account and start trading safely.

Learning content:

• Download and install Metatrader 5 from a broker.

• Set up and use a demo account.

• First steps with the MT5 platform: Registration

Learn how to navigate quickly through the important areas of MT5. I'll show you how the menu and toolbars work and guide you through the essential functions of the Market Watch. Find out how to add symbols and personalize your trading view.

Learning content:

• Navigating the MT5 menu and toolbars.

• Basic functions of the Market Watch.

• Adding and customizing symbols in the Market Watch.

In this lesson, I will show you how to use the Navigator in MT5 effectively. You will learn how to switch between your trading accounts and understand the meaning of the active account number. I'll also give you an introduction to technical indicators and how they can support your trading decisions. We'll also take a brief look at Expert Advisors (EAs) and scripts that can automate your trading.

Learning content:

• Components of the Navigator

• Switching between trading accounts in MT5.

• Understanding the active account number and technical indicators.

• Basics of Expert Advisors (EAs) and scripts.

In this lesson, we dive into the MT5 terminal, explore its key areas and learn how to use them effectively. We cover everything from the importance and management of your open trades and orders to monitoring your risk exposure and account history. We also take a look at the importance of the economic calendar and how alerts can support your trading. Finally, we take a look at the workspace and open our first chart.

In this lesson you will discover the basics and differences between the three main chart types in trading: line chart, bar chart and candlestick chart. I will show you how these charts are structured and what information they can provide you with. You will also learn how to switch between these chart types in the MT5 trading system to support your trading decisions.

Learning content:

• What a chart is and why it is important in trading.

• Differences and use of line charts, bar charts and candlestick charts.

• How to switch between different chart types in MT5.

• The importance of the different information provided by different chart types.

In this chapter, I will show you how to change the timeframe of your chart and explain the meaning of the four candle data points: Open, Close, High and Low. We explore why this information is essential for your trading decisions and what a detailed analysis should look like. We also look at the concept of gaps and their importance for risk management in trading.

Learning content:

• Changing the chart timeframe.

• Interpretation of candlestick data points.

• Importance of gaps and their influence on trading.

In this lesson, we explore what tick charts are and how they differ from conventional chart types. You will learn why they are especially important for scalpers and how to use them in MT5. We also discuss the challenges of using tick charts, such as limited history.

Learning content:

• Definition and basics of tick charts.

• Differences between tick charts and other chart types.

• Accessing and using tick charts in MT5.

• Limitations and challenges of tick charts.

In this lesson, you will learn how to effectively use the zoom function in MetaTrader 5 to customize your charts exactly to your needs. I'll show you how to quickly and easily switch between a detailed view and a comprehensive market overview. Discover the tools at your disposal, from keyboard shortcuts to adjusting the time and price axis, to optimize your chart analysis.

Learning content:

• Using the zoom function for detailed view and market overview.

• Customizing the chart view with toolbar and keyboard shortcuts.

• Optimizing the time and price axis for precise analysis.

Learn how to effectively navigate through your charts in MT5 and use the autoscroll function to always keep an eye on the latest candles. I'll show you how to move the chart manually and activate the autoscroll option to keep the latest market developments in focus.

Learning content:

• Manual chart navigation in MT5.

• Activating and using the autoscroll function.

• Practical tips for using the autoscroll function.

In this lesson, we dive deeper into the visual world of MetaTrader 5 (MT5) and discover how we can make our charts even more effective. I'll show you how to use the "Chart Shift" function not only to create a tidier view, but also to free up valuable space on the right-hand side of your chart. This additional space is ideal for notes or to better visualize future price movements. Additionally, you'll get an introduction to MT5's full-screen mode, which allows you to minimize distractions and fully focus on your analysis. Learn how to activate and personalize these features to optimize your trading experience.

Learning content:

• The importance and activation of the "Chart Shift" function in MT5.

• Customize the space created by the "Chart Shift" for a clear presentation of future price movements.

• Activating full screen mode for focused chart analysis without distractions.

In this lesson you will learn how to enable the 'Show OHLC' feature in MetaTrader 5 to instantly see the open, high, low and close values on the chart. You will also learn how to use the status bar and tooltips to quickly capture data from specific candles. These tools will help you to efficiently monitor important price information and improve your trading decisions.

Learning content:

• How to enable the 'Show OHLC' feature in MT5.

• How to use the status bar and tooltips for candlestick data.

• Gain an effective overview of price information on the chart.

In this lesson, learn how to use the DataWindow effectively to get a comprehensive overview of market data and indicator values. I will show you how you can easily activate and deactivate it and why it is an indispensable tool for your chart analysis. Discover the clear advantages of the DataWindow over other display options and how you can customize it to optimize your analysis work.

Learning content:

• Activation/deactivation of the DataWindow.

• Different information in the DataWindow (e.g. OHLC, volume).

• Advantages of the DataWindow for market analysis.

• Adjusting the position of the DataWindow on the screen.

This lesson introduces you to the functions of the Crosshair tool in MT5. Learn how to activate the tool and use it to quickly analyze time and price information. I explain how you can use the Crosshair to effectively measure distances and price movements between two points in the chart, including the display of the number of candles, distance in points and percentage price changes.

Learning content:

• Activation of the Crosshair tool.

• Measuring time periods and price changes.

• Interpreting the infobox data (number of candles, distance in points, percentage values).

In this lesson, we explain basic trading terms: pips, pipettes, points and ticks. You will learn how these units measure price changes in currency pairs and why a deep understanding of them is essential to be successful in forex trading. I'll show you how a pip represents the fourth decimal place for most currencies and a pipette represents the fifth decimal place. We'll also take a look at how these terms differ in currency pairs with the Japanese yen and what points and ticks are all about, especially in the context of platforms like MT5 and in other trading areas like futures or stocks.

Learning content:

• Understanding pips as a unit of measurement for price changes in currency pairs.

• Introduction to pipettes as smaller price change units.

• Differentiation between pips/pipettes in currencies such as the yen.

• Explanation of points and ticks and their application in different trading contexts.

In this lesson, we dive into the world of volume types in MT5, where we distinguish between two main types: trading volume and tick volume. You will learn how to activate trading volume in your chart and understand the importance of both volume types for your trading strategy.

Trading volume is the total amount of securities or financial instruments traded in a given period and provides information about liquidity and market exposure.

Tick volume, on the other hand, shows the frequency of price changes and is used specifically for markets that are not traded on a central exchange, such as Forex or CFDs. It is important to note that tick volume does not reflect the actual number of units traded, but only the activity or price changes over a period of time.

Learning content:

• Differentiation between trading volume and tick volume in MT5.

• Activation and interpretation of trading volume in the chart.

• Understanding the importance of trading volume as an indicator of liquidity and market exposure.

• Awareness of the limited informative value of tick volume with regard to the quantity traded.

In this lesson, we dive into the practice of multichart and multitimeframe analysis. I'll explain why it's important to keep an eye on not just one, but multiple charts for a comprehensive understanding of the market. Together we will learn how to effectively open, arrange and analyze multiple charts in MT5 to diversify our risk. Discover how the "Tile Windows" feature in MT5 allows us to organize our workspace and how multi-frame analysis helps to capture market movements in more detail.

Learning content:

• Importance and benefits of using multiple charts in trading.

• Steps to effectively open and arrange multiple charts in MT5.

• Introduction to multi-timeframe analysis and its benefits for traders.

• Practical application of the "Tile Windows" function to organize the workspace.

In this lesson, you will learn how to manually adjust the layout of your charts in MT5 to maintain a clear overview of your trading strategies. I will show you how to arrange the charts side by side in simple steps. This makes it easier to perform a multi-frame analysis and improves your ability to analyze market movements effectively.

Learning content:

• Using the tab bar below the chart window to customize the chart order.

• Exploring the "Window" options for different arrangement patterns such as "Tile Vertically".

• Practical tips for minimizing and restoring charts for focused analysis.

In this lesson, I will show you how to set the chart properties for more accurate market analysis, including the "Show Ask Price Line". We'll explain why the ask price is crucial to your trading decisions and how it differs from the bid price. You will also learn the importance of period separators and the grid for visualizing time periods and price movements.

Learning content:

• Accessing and adjusting chart properties.

• Importance and influence of the ask price on trading decisions.

• Difference between bid and ask price and the concept of spread.

• Use of period separators to mark new trading periods.

• Use of the grid as a visual support in the chart.

In this lesson you will learn how to use "Chart on Foreground" to keep candles and bars in the foreground and position analysis tools discreetly behind them. I also show you how to set a fixed scale in your chart with "Scale Fix" to keep a constant price range without the scale adjusting automatically.

Learning content:

• Use of "Chart on Foreground" for clear chart representations.

• Configuration of "Scale Fix" for constant price ranges.

• Understanding the advantages and disadvantages of both functions.

Discover how adjusting the color settings in MT5 can make your charts clearer. We'll dive into the chart properties and focus on the "Colors" tab to show you how to use color schemes like black-yellow, black-green, and black-white. Learn how these settings improve the readability of your charts in different environments and how you can use them for different time periods to capture important information at a glance.

Learning content:

• Accessing and using the "Colors" tab in the chart properties.

• Differences and applications of the standard color schemes: Black-Yellow, Black-Green, Colored and Black-White.

• Practical tips for selecting color settings based on ambient light and personal preferences.

• Customizing your charts for effective differentiation between different time periods.

In this lesson, we will deepen our knowledge of color adjustments and individual designs. I'll show you how to make individual color settings for the background, candles and volume to design your chart exactly the way you want it. You will also learn how to adjust the view to better recognize and apply color changes.

Learning content:

• Adjusting the chart background

• Color settings for bullish and bearish candles.

• Adjusting the wicks and candle borders for a uniform display.

• Color design of the volume histogram

• Preview of changes in real time for direct visual feedback

In this lesson, you will learn how to create and apply templates in MT5 to personalize your trading charts quickly and efficiently. We'll show you how to save a template that contains all your favorite settings and how to apply it to new charts. You'll also learn how to set a template as the default for all new charts.

Learning content:

• Creating and saving an MT5 template.

• Applying a saved template to new charts.

• Setting a template as the default for all new charts.

In this lesson you will learn how to share your own templates in MT5, use templates from other traders and ensure that your templates are still available even after a PC crash. A template in MT5 is a file with the extension ".tpl", which can be easily shared without revealing personal information or account details.

Learning content:

• Locating the templates folder in MT5 to gain access to your ".tpl" files.

• Sharing a template by sending the ".tpl" file.

• Backing up your templates to prevent data loss.

• Importing a template from other traders by copying the ".tpl" file into your templates folder.

In this lesson we expand our knowledge of templates in MT5 with an introduction to profiles. A profile in MT5 is a comprehensive working environment that includes multiple charts with all their associated settings, indicators and analysis tools. Saving a profile preserves your complete layout so that you can create specialized setups for different trading approaches.

Learning content:

• Understanding the meaning and purpose of profiles in MT5.

• Creating, saving and loading a profile to preserve a specific working environment.

• Practical steps to create your own profile, including how to save and use it.

• Navigating to the profile folder to manage or backup saved profiles.

In this lesson, I will look at the core concepts of market execution in the MetaTrader 5 (MT5) trading platform. You will learn how market orders work and why they are crucial for effective trading. I will explain the advantages and disadvantages of this order type, including the potential risks of slippage, especially in volatile or illiquid markets.

We will also look at specific execution types such as Fill or Kill (FoK) and Immediate or Cancel (IoC). These help to maintain control over the execution of orders in different market situations. Understanding these mechanisms is essential to be a successful trader in MT5.

Learning content:

• Understanding market execution and its importance in trading.

• Insight into the speed and immediate execution of market orders.

• Risks and challenges of market execution, especially slippage.

• Explanation of the special execution types FoK and IoC and their use cases.

In this chapter, we will look at stop orders in MT5, a form of pending order that makes it possible to plan market entries under certain conditions. These are not executed immediately, but wait for the market price to reach a predefined level. They serve as a trigger to start a trade at a certain price.

Learning content:

• Understanding the function of stop orders as part of pending orders.

• Using buy stop and sell stop orders depending on your market expectations.

• Dealing with the conversion of stop orders into market orders and possible slippage effects.

In this part of the course, we'll look at limit and stop-limit orders, two advanced order types that give you precise control when trading. I'll explain how to use limit orders to buy or sell at a predefined price and how stop limit orders work, which are a combination of stop and limit orders. These order types allow you to set strategically favorable prices for both entering and exiting trades.

Learning content:

• Difference and use of buy limit and sell limit orders

• Functionality and strategic use of stop-limit orders

• Optimization of the trading strategy through precise price setting

In this lesson, I explain why stop-loss and take-profit are not independent order types, but important instruments for risk management and profit protection in trading. You will learn how these orders work and why they are crucial for minimizing emotional decisions and following a consistent strategy.

Learning content:

• Definition and function of stop-loss and take-profit orders

• Practical examples of how to use these orders in trading

• Advantages of automatic profit-taking and loss limitation

• Differences to other order types and their execution in market gaps

In this lesson, we will dive into the practical implementation of order placement in MT5. The precise placement of trading orders is essential, because without it neither trading nor profit is possible. We focus on the technical process of placing orders without going into the in-depth analysis that should precede every trade.

Learning content:

• Understanding the importance of precise order placement in the trading system.

• Learning how to place a market order in MT5

• Detailed explanation of the order dialog window

In this lesson, we look at one-click trading in MT5, a feature that allows you to open new positions with just one click. This can significantly reduce your reaction time to market changes, but also has potential risks that require careful consideration.

Learning content:

• Activating One-Click Trading: Steps to enable this feature in MT5.

• Understanding how it works: Learning how to place buy and sell orders with just one click.

• Risk Awareness: Discussing the dangers associated with accidental orders and the elimination of the confirmation process.

In this chapter, we turn to one of the key elements of trading: pending orders. These differ from immediately executable market orders in that they are only activated when the market price reaches a certain level that you specify. This allows for a more precise trading strategy by planning your entry into the market or exit from positions in advance, based on your predictions of market movement.

Learning content:

• Understanding the function and types of pending orders: stop, limit and stop limit orders, as well as the role of stop-loss and take-profit as special forms of stop orders.

• Application of pending orders in different market situations, especially in the range market where the price fluctuates within a defined range.

• Practical steps for placing a buy stop order, including selecting the validity period of the order.

Learn how to find and manage your active and pending orders in the MT5 terminal. I'll show you how to activate the "Show Trade Levels" option to display trades and orders directly on your chart. I also explain how to effectively place a sell limit order in the context of a trading range.

Learning content

• Accessing and managing active and pending orders in the MT5 terminal

• Activating the trade level display on the chart

• Placing a sell limit order in a trading range

In this video I show you how to set up a buy stop limit order in MetaTrader 5. We will discuss what a buy stop limit order is and how it differs from other order types. Then I'll walk you through the process of entering stop and limit prices in the order window to make sure you understand how and where to set these values.

Learning content:

• Explanation of a buy stop limit order

• Detailed instructions on how to set stop and limit prices

• Practical steps for placing such an order in MT5

In this video you will learn how to modify pending orders already placed in MetaTrader 5. We go through the process of moving trade levels directly in the chart to change the entry level of an order. I also explain how the automatic order adjustment dialog works and why it is important to understand the order types and your broker's specifications.

Learning content:

• Moving trade levels to adjust pending orders

• Using the order adjustment dialog box in MT5

• Understanding the restrictions and rules when adjusting orders

• Importance of stop loss and take profit settings when trading

In this lesson you will learn how to set stop loss and take profit when placing an order in MetaTrader 5. We will shed light on the importance and function of these two important tools in risk management. I will show you how to set up these protective measures when you first place an order and how to adjust them later in order to effectively implement your trading strategy and control your risk.

Learning content:

• Function and importance of stop loss and take profit

• Methods for setting stop loss and take profit when entering orders

• Manual adjustment of SL and TP in the chart for fine-tuning

• Using the MT5 terminal to monitor and adjust trading parameters

In this lesson we will learn how to adjust stop loss and take profit for existing positions in MetaTrader 5 (MT5). This skill is crucial for effective risk management and can mean the difference between profit and loss. We explore the different ways you can adjust these critical trading parameters.

Learning content:

• Introduction to stop loss (SL) and take profit (TP) adjustment in MT5

• Step-by-step instructions for direct adjustment in the chart and via the terminal

• Understanding the options and fields in the modification dialog

• Meaning and calculation of distances in points from the entry price

• Visualization of the SL and TP levels in the tick chart

• Using the tooltip function to display potential profits or losses

In this lesson, we will look at managing and closing open trades and removing pending orders that are no longer required in MetaTrader 5. You will learn various methods for carrying out these actions efficiently.

Learning content:

• Overview of closing active trades directly via the terminal or the chart

• Methods for closing trades and removing pending orders

• Using the bulk operations function for mass operations

• Accessing and understanding the trading history in the terminal

• Instructions on how to remove stop loss and take profit without closing the trade

In this lesson, I will explain what a trailing stop is and how it works in MetaTrader 5 (MT5). A trailing stop is a dynamic stop loss that adjusts automatically when the market moves into your desired profit range. This helps to minimize losses and protect profits.

Learning content:

• Definition and function of a trailing stop

• Difference between a fixed stop loss and a trailing stop

• Setting up a trailing stop in MT5

• Important notes on the use and restrictions of the trailing stop in MT5

In this lesson, I will show you how to visualize completed trades directly on your chart in MetaTrader 5. This feature is helpful for analyzing your trading activity and allows you to better understand the decisions behind your trades. We will go through step by step how you can use this function and what you need to bear in mind.

Learning content:

• Step-by-step guide to displaying completed trades on the chart

• Using the "Show on Chart" function in the history tab of the terminal

• Understanding the display of entry points, exit points and the trading range in the chart

• Identifying specific trades using the DealID

• Limitations and challenges when using this function in MT5

In this lesson we look at the importance of lot size in forex trading and how it affects the risk and profit potential of your trades. I explain the different lot sizes used in MetaTrader 5 and give practical examples to show how the lot size affects the value of a pip and therefore your trading results.

Learning content:

• Definition and importance of lot size in forex trading

• Overview of the different types of lots: Standard, Mini, Micro and Nano

• Practical examples of calculating risk based on the lot size

In this lesson you will learn how the Depth of Market (DOM) in MT5 gives you a deep insight into the market structure and how you can use it to support your trading decisions. I will show you how to open the DOM and how to effectively interpret the information displayed for your trading.

We will also take a closer look at the limitations of the DOM.

Learning content:

• Opening the DOM in MT5.

• Interpreting buy and sell orders in the DOM.

• Using the DOM to identify support and resistance levels.

• Understanding the advantages of the DOM for trading.

• Limitations of the DOM in decentralized markets

In this lesson, we'll focus on the use of horizontal and vertical lines in technical analysis for trading. I'll show you how to use these simple but powerful tools to mark critical price and time points on your charts. You will learn how to draw, customize and use lines to make your trading decisions more effective.

Learning content:

• Importance and use of horizontal lines to mark support and resistance levels

• Use of vertical lines to highlight important points in time

• Practical guide to drawing and adjusting lines on the chart

• Tips on how to use these tools efficiently for weekend analysis and trade preparation

In this section of our course, you will learn how to customize and manage chart lines in MetaTrader 5. I will show you how to label lines to recognize their meaning at a glance. Understanding and applying these techniques will help you to make your analysis clearer and make important trading decisions more efficiently.

Learning content:

• Methods for labeling and distinguishing chart lines

• Step-by-step guide to customizing the properties of lines in MT5

• Introduction to managing lines, including changing visibility and selectability

• Tips for using the description and name display for improved chart analysis

In this lesson, we deepen our understanding of the advanced features of chart objects in MetaTrader 5. I explain how you can make specific adjustments using horizontal lines as an example, including precise price setting and visibility in different timeframes. We will also show how to move, select and delete lines to maximize the efficiency of your chart analysis.

Learning content:

• Setting the exact price level for horizontal lines

• Adjusting the visibility of lines in specific timeframes

• Moving and correctly positioning lines in the chart

• Managing and deleting chart objects using the context menu and object list

• Use of the object list for a comprehensive overview and management of all chart objects

In this chapter, we explore the Cycle Lines feature in MetaTrader 5, an advanced way to analyze charts in a structured way. Cycle lines help you to identify and graphically display specific, recurring patterns in your trading instruments through segmentation. These tools are particularly useful for better understanding and exploiting seasonal trends or specific trading time phases.

Learning content:

• Basics and importance of cycle lines for chart analysis

• Step-by-step instructions for drawing cycle lines

• Customizing the properties of cycle lines for specific analysis purposes

• Application examples for cycle lines in the context of seasonal trading and for recognizing market phases

In this lesson, we will take an in-depth look at one of the basic tools of technical analysis in MetaTrader 5: trend lines. I will show you how to draw, adjust and use trend lines to identify and analyze important trends in the market. By understanding and using trend lines, you will be able to identify support and resistance levels and better assess their influence on future market decisions.

Learning content:

• Basics and importance of trend lines for market analysis

• Step-by-step instructions for drawing trend lines in MT5

• Customization options for trend line properties, such as infinity and visual representation

• Practical tips for moving and removing trend lines

In this lesson you will learn how to create and use price channels in MetaTrader 5 to effectively analyze price movements. Price channels are an excellent tool for identifying and analyzing trends and sideways movements in the financial markets. We look at different methods of creating channels and how they can be integrated into your trading strategy.

Learning content:

• Creating price channels using trend lines and specialized channel tools

• Adjusting channel properties such as slope angle, length and fill color

• Practical application of price channels in different market phases

• Using the channel as support and resistance zones to optimize your trading decisions

In this lesson, we'll look at graphical shapes in MetaTrader 5, another useful tool to support your technical analysis. I'll show you how to use shapes such as rectangles, triangles and ellipses to visually mark important price levels and trading areas. The rectangle in particular is great for highlighting support and resistance zones, which are crucial for breakout strategies.

Learning content:

• Introduction to the different graphical shapes in MT5

• Step-by-step guide to placing and customizing a rectangle

• Customization options for the properties of graphical shapes

• Practical tips on the effective use of shapes to mark trading zones

In this lesson, we will expand our understanding of how to use text and labels in MetaTrader 5 to integrate important information directly into the chart. These tools offer various applications and are essential for highlighting specific comments or data points. We will explore the differences between text and labels and see how they can be used in practice.

Learning content:

• Basic difference between text and labels in MT5

• Step-by-step guide to inserting and customizing text in charts

• Ways to use labels for out-of-context information in the chart window

• Detailed explanation of formatting and positioning options for text and labels

In this lesson of the MetaTrader 5 course, you will learn how to use arrows and other symbols to effectively mark important points in your charts. These graphical elements are ideal for highlighting entry and exit points, trend reversals or special events. We will go through different types of arrows and symbols and give practical tips on how you can use them to improve your chart analysis.

Learning content:

• Introduction to the different types of arrows and symbols in MT5

• How to place and customize arrows on the chart

• Tips on using symbols to mark important chart areas

• Customization options such as color, size and exact positioning

In this lesson, we deepen our understanding of advanced chart objects in MetaTrader 5 by introducing the chart object and the event object. These tools enhance your analysis capabilities by helping you visualize and organize important information and relationships directly on the chart.

Learning content:

• Introduction and use of the chart object for multitimeframe analysis

• Instructions for configuring and customizing chart objects in the main chart

• Possible uses of the event object for marking important points in time

In this lesson, we will look at one of the most popular and versatile technical analysis tools in MetaTrader 5: the Fibonacci retracement. This tool is based on the Fibonacci number sequence and is used to identify potential support and resistance levels in price movements. We will go through the theoretical basics as well as the practical application of this tool and find out how it can help you make better trading decisions.

Learning content:

• Fundamentals of Fibonacci retracement and its mathematical and cultural significance

• Guidance on selecting and connecting significant price levels to create Fibonacci retracements

• Explanation of the most important retracement levels and their significance for trading

• Adjusting and adding retracement levels in the properties menu

• Introduction to Fibonacci Extensions as a tool for determining potential target points after a retracement

In this lesson, we'll look at technical indicators in MetaTrader 5, which are helpful tools for analyzing price movements and making trading decisions. You will learn what indicators are, how they work and how they can help you get clear signals from often confusing price movements.

Learning content:

• Basic understanding of technical indicators

• Introduction to the moving average as an example of a common indicator

• Importance of indicators for smoothing out price volatility

• Generation of trading signals using indicators

• Advantages and limitations of indicators for interpreting market movements

In this lesson you will learn how to apply, modify and remove technical indicators from your chart in MetaTrader 5. These tools are central to technical analysis and help you make informed trading decisions. We will focus on the use and customization of indicators by going through practical examples such as the Moving Average and RSI.

Learning content:

• Overview of the different categories of technical indicators in MT5

• Step-by-step guide to adding indicators to the chart

• Customizing the properties and visualization of indicators

• Introduction to displaying indicators in separate windows

• Tips for efficient editing and removal of indicators

• Use of tools and objects in indicator windows

In this lesson, I will show you how to install additional indicators in MetaTrader 5 (MT5), either from the MQL5 Market or from a trading colleague. This opens up even more possibilities for your technical analysis.

Learning content:

• Using the MQL5 Market to install indicators

• Installing indicators via the MQL5 website

• Manual installation of indicators from third-party providers

• Managing and removing installed indicators

In this lesson, we will delve into the different types of technical indicators available to you in MetaTrader 5. You will learn what specific roles the different indicators play in technical analysis and how they can help you make informed trading decisions.

Learning content:

• Overview of the different types of indicators

• Trend indicators: Recognizing the market direction

• Momentum indicators: Measuring the dynamics of price movements

• Oscillators: Recognizing turning points in sideways phases

• Volatility indicators: measuring the intensity of fluctuations

• Volume indicators: Showing the trading volume

In this lesson we dive deeper into the application and setting of the Moving Average (MA) in MetaTrader 5, one of the most fundamental trend indicators in technical analysis. You will learn how to implement and customize the MA on your chart and use it for your trading strategy. We will also look at the different types of MAs and their specific applications.

Learning content:

• Step-by-step guide to setting up the Moving Average in MT5

• Understanding the different parameters and settings of the MA

• Differences between Simple Moving Average (SMA) and Exponential Moving Average (EMA)

• Using the moving average to identify trends and make trading decisions

• Creating price channels by adding levels to the MA

In this lesson we will look at the Average True Range (ATR) indicator, originally developed by Welles Wilder. We will look in detail at how the ATR works and how it is used, and understand its role in measuring volatility and supporting risk management and position sizing in trading.

Course Content:

• Introduction to the concepts of True Range and Average True Range

• Meaning and calculation of the true range

• Application of the ATR to assess market dynamics and volatility

• Using the ATR for risk management and determining stop-loss levels

• Adjusting the ATR settings in MetaTrader 5, including period length and visualization

• Use of "Levels" and "Scale" settings in the ATR indicator window to visualize important volatility thresholds

In this lesson, we will explore the Relative Strength Index (RSI), a widely used momentum oscillator that measures the speed and rate of change of price movements. We will understand how the RSI works, its application in trading and learn how to use and customize it in MetaTrader 5.

Learning content:

• Introduction to the RSI and its basics

• Interpretation of overbought and oversold market conditions with the RSI

• Step-by-step guide to setting up and customizing the RSI in MT5

• Understanding the calculation of the RSI and its components: Average Gains and Losses, Relative Strength (RS)

• Adjustment possibilities of the RSI

In this lesson we look at the Moving Average Convergence Divergence (MACD), one of the best known and most versatile indicators in trading. The MACD combines trend and momentum elements and provides insights into market dynamics that are valuable for many trading strategies. You will learn how to integrate and customize the MACD in your MetaTrader 5 to use it effectively in your trading.

Learning content:

• Introduction to the MACD and its components: Histogram and signal line

• Understanding how the MACD works, based on exponential moving averages

• Possible applications of the MACD, including signals for buy and sell decisions

• Step-by-step guide to configuring the MACD in MT5, including customization of periods and display options

• Interpretation of the histogram and signal line to identify trend strength and market momentum

In this lesson, we take a deeper dive into MetaTrader 5's Marketwatch to better understand its extensive features and customization options. This window is essential for managing and monitoring your trading instruments and provides a lot of useful information.

Learning content:

• Basic structure and functions of the Marketwatch

• Customizing the column display and adding important information such as spread and timestamp

• Using the context menu to customize the Marketwatch

• Displaying additional information in the "Details" and "Trading" tabs

• Creation and management of symbol sets for better clarity

• Use of pop-up prices for a simplified price overview

In this lesson, we take a brief excursion into the fundamental differences between netting and hedging in trading accounts. These two concepts are crucial to the way you can manage your trades. We will explain the advantages and disadvantages of both approaches and show how they are implemented on the MT5 platform.

Learning content:

• Introduction to the concepts of netting and hedging

• How hedging works and its advantages: holding multiple positions in different directions

• How netting works and its benefits: consolidating positions to reduce risk

• Decision making when choosing between netting and hedging

In this lesson, I will show you how you can customize the MetaTrader 5 user interface to best suit your needs. A well-organized and clear working environment can significantly increase your trading efficiency and effectiveness. We will look at how you can control the visibility of the components and customize the toolbars.

Learning content:

• Using the View menu to control the visible components

• Meaning and monitoring the connection status in the status bar

• Customizing the toolbars by adding, removing and rearranging icons

• Example for personalizing the main toolbar

• Customizing the arrangement and placement of the toolbars

In this short DeepDive, I will show you how you can make your favorite indicators and tools quickly and easily accessible in MetaTrader 5. By using the favorites function and setting up hotkeys, you can make your working environment even more efficient and implement your trading strategies faster.

Learning content:

• Adding indicators and tools to favorites in the Navigator

• Quick access to frequently used indicators via the favorites tab

• Removing tools from the favorites

• Setting up hotkeys for indicators, EAs and scripts for quick use on the chart

In this lesson, I will show you how to customize or disable the default sounds in MetaTrader 5. These customizations can help you make your trading environment calmer and more pleasant by adding a sound to only the important events and muting less important ones.

Learning content:

• Step-by-step guide to customizing sound events in MT5

• Deactivation of all sounds

• Selective deactivation of specific events

• Changing the sounds for important events

• Adding your own WAV files

In this lesson, we dive deeper into the MetaTrader 5 terminal. We will focus on personalizing the terminal and creating reports that you can use for your trading analysis and tax purposes. The terminal is a central element of MT5 that provides you with important information about your trades and trading activity.

Learning content:

• Adding and removing columns via the context menu

• Adjusting the column width and order

• Selection of the time periods to be displayed for the account history

• Setting a user-defined time period for specific reports

• Generating reports as an Excel file

• Create and use the overview for a statistical analysis of your portfolio

In this lesson, we will take a detailed look at the terms orders, deals and positions in MetaTrader 5 (MT5). These concepts are central to your trading and it is important to understand the differences and relationships between them. Especially when evaluating your trading results, this understanding helps you to carry out precise analyses.

Learning content:

• Meaning of the order as an instruction to the broker

• Difference between order and deal

• Deals as actual transactions

• How positions are created through deals

• Example of a position opening and closing with partially closed positions

In this lesson, you will learn how to set and manage alerts in MetaTrader 5 (MT5) to stay informed about important price movements without having to constantly monitor market data. This is particularly useful in the 24/7 forex market.

Learning content:

• Setting alerts directly in the chart

• Managing alerts in the terminal

• Testing and adjusting alarm actions

• Important note on how the alarms work

In this lesson, you will learn how to connect MetaTrader 5 (MT5) on your desktop with the MT5 app on your smartphone to receive push notifications. This allows you to stay informed about alerts and other important events on the go.

Learning content:

• MetaQuotes ID in the app

• Settings in MT5 on the desktop.

• Activation of the push notifications:

• Enter the MetaQuotes ID

In this lesson, I will show you how to set up email notifications in MetaTrader 5 (MT5). This is a handy alternative to the app to receive alerts and trading activity via email.

Learning content:

• Activating the email function in MT5

• Configuring the SMTP server settings

• Testing and checking the email notifications

In this lesson, I will show you how to install multiple instances of MetaTrader 5 (MT5) on the same computer. This is particularly useful if you want to manage multiple live accounts and demo accounts at the same time.

Learning content:

• Installation process for multiple MT5 instances

• Customizing the installation directory and program group

• Transferring templates and profiles between different MT5 instances