Here is a detailed guide on the different functions available on the MT5 platform.
General Terminal
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Market Watch |
Displays a list of financial instruments available for trading along with their real-time prices. |
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Navigator |
Provides quick access to accounts, indicators, expert advisors (EAs), and scripts. |
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Toolbox |
Contains multiple tabs for managing trades, account history, alerts, mailbox, and more. |
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Charts |
Graphical representations of price movements for selected financial instruments. |
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Depth of Market |
Shows the buy and sell orders for an instrument, allowing users to gauge market liquidity. |
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Trade |
Displays open positions, pending orders, account balance, equity, and margin information. |
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History |
Provides a record of past trades, including closed positions and balance operations. |
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News |
Delivers real-time news from financial markets to help traders make informed decisions. |
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Alerts |
Allows setting custom alerts for price changes, trading conditions, and more. |
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MailBox |
A built-in email client to receive messages from brokers and system administrators. |
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Company |
Provides information about the brokerage or financial institution offering the MT5 platform. |
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Market |
An online store for purchasing trading robots, indicators, and other applications. |
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Signals |
Enables subscription to trading signals from professional traders, automating trade copying. |
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Code Base |
A repository of free code for indicators, scripts, and EAs, available for download. |
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Expert Advisors (EAs) |
Automated trading systems that operate according to programmed algorithms. |
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Indicators |
Tools for technical analysis, including trend indicators, oscillators, and volume indicators. |
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Scripts |
Small programs to automate routine trading operations. |
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Strategy Tester |
A tool for backtesting and optimizing trading strategies on historical data. |
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Virtual Hosting |
Allows renting a virtual server directly from the platform for continuous operation of EAs. |
Trade Terminal
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Symbol |
The financial instrument or currency pair being traded, such as EUR/USD, GBP/JPY, etc. |
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Ticket |
A unique identifier is assigned to each trade or order placed in the market. |
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Time |
The exact date and time when the trade was opened. |
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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 |
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Volume |
The size of the trade or order. It is usually measured in lots. |
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Price |
The price at which the trade was executed or the price of the pending order. |
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S/L |
Stands for Stop Loss, which is the predefined price level at which the trade will be automatically closed to prevent further losses. |
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T/P |
Stands for Take Profit, which is the predefined price level at which the trade will be automatically closed to lock in profits. |
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Price |
The current market price of the financial instrument. |
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Profit |
The current profit or loss of the trade is calculated based on the difference between the opening price and the current price. |
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Change |
The change in price since the trade was opened is displayed as a percentage |
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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 |
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Magic |
A unique identifier assigned to trades by Expert Advisors (EAs) for easier management and tracking. |
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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.