Glossary

MetaTrader 5

Platforms and APIs

MetaTrader 5 is MetaQuotes' multi-asset platform, with hedging and netting accounts, MQL5 robots and exchange-style order handling.

Explanation

MetaQuotes describes MetaTrader 5 as a platform for forex, exchange instruments and futures, with desktop, mobile and web versions. The product page says it supports hedging, so several positions can be open in one symbol, and netting, the single-position method used on exchanges. It also says trading can use two types of market order, six types of pending order, two stop orders and a trailing stop. The help pages define those orders, the account fields, and the forex margin formula. Programs are written in MQL5. This directory records a broker's MT5 Python flag from the broker's own pages, because MetaQuotes' Python package talks to a running terminal. The platform page is a description of the software, not a review of a broker.

This page explains published terms for education and reference. It is not financial, investment, tax, or trading advice, and it does not recommend a firm, product, or strategy.

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Sources and last check

Last checked . Rules, prices, and product names change. Read the source.