Introduction
Markets reward clarity. FxPro MT5 combines a familiar interface with deeper order controls, multi-asset access, and fast charting. The result is a workspace where analysis, execution, and automation live in one place. This article explains how the platform is structured, what you can trade, how pricing appears in the terminal, and where key switches are located so you can build a setup that fits your routine.
What you get on MT5 with FxPro
- 21 timeframes and multiple chart types for short- and long-view analysis.
- Depth of Market (DoM) to see available liquidity across prices.
- Six pending order types, including stop-limit variants for precise entries.
- One-click trading from the chart and the Market Watch panel.
- Economic calendar, alerts, and a multi-thread strategy tester for robots (EAs).
Table 1 — Platform snapshot
| Area | MT4 | MT5 | Notes |
|---|---|---|---|
| Timeframes | 9 | 21 | Finer control on intraday and swing views |
| Pending orders | 4 | 6 | Adds Buy/Sell Stop Limit in MT5 |
| DoM (Market Depth) | Limited | Full | Useful for entry sizing |
| Strategy tester | Single-thread | Multi-thread | Faster EA optimization |
| Programming | MQL4 | MQL5 | Object-oriented, richer standard library |
Setting up your first workspace
- Add symbols you plan to trade to Market Watch; right-click to show Spread and High/Low columns.
- Open Navigator → Indicators and pin 3–5 core tools (e.g., Moving Average, RSI, ATR) to avoid clutter.
- Create Profiles: one for day trading (fast timeframes), another for swing (H1–D1).
- Turn on One-Click Trading and set your default lot size in Tools → Options → Trade.
Table 2 — Core order types in MT5
| Order type | What it’s for | Typical use |
|---|---|---|
| Market | Immediate execution at best price | News spikes, urgent exits |
| Limit (Buy/Sell) | Enter at a better price | Pullback entries |
| Stop (Buy/Sell) | Momentum continuation | Breakout entries |
| Stop Limit (Buy/Sell) | Trigger on stop, place limit | Filter slippage on breakouts |
| Trailing Stop* | Dynamic risk control | Locks gains as price moves |
*Trailing Stop is managed client-side while the terminal is running.
Costs and how they show up
Trading costs live in four buckets: spread, commission (if applicable), swaps/financing, and market impact. In MT5 you can inspect these before and after a trade. Keep the Spread column visible; check Specification (right-click on a symbol) for contract size, tick value, and swap basis. When testing an EA, the Report pane exposes realized spread and swaps on sample runs to sanity-check real-world friction.
Table 3 — Where costs appear
| Cost component | Where you see it | What to adjust |
|---|---|---|
| Spread | Market Watch / Chart | Trade when spreads are tighter; avoid illiquid hours |
| Commission | Trade tab / History | Compare account types and symbol specs |
| Swaps/Financing | Symbol Specification / History | Mind overnight holds; align with rollover |
| Market impact | Entry vs. last price | Size smaller in thin books; avoid chasing |
Markets, accounts, and execution
MT5 supports multi-asset trading in one terminal. Within the same watchlist you can track currencies, indices, metals, energies, and shares CFDs. Execution is market-driven; prices update tick-by-tick and charts reflect that in real time. For analysis, combine a higher-timeframe bias (e.g., H4 trend) with a lower-timeframe trigger (e.g., M15 pullback) to keep signals consistent across instruments.
Table 4 — Asset coverage and typical use-cases
| Asset class | Typical use | Volatility pattern |
|---|---|---|
| Forex majors | Consistent liquidity | Flows around sessions and data prints |
| Indices | Macro/earnings themes | Gaps and session moves |
| Metals | Hedge, momentum trends | Reaction to rates and risk tone |
| Energies | Supply/demand shifts | Event-driven bursts |
| Shares (CFDs) | Company-specific edges | Earnings, news catalysts |
Risk controls and automation
- Pre-set Stop Loss and Take Profit in order tickets; confirm risk in monetary terms, not only pips.
- Use Alerts on price levels or indicator values to cut screen time.
- Keep a Journal tag for each idea (“trend-pullback-H1”), then review filled trades by tag in History.
- When testing EAs, start with Every tick based on real ticks modeling and small date windows to check logic before scale.
Table 5 — Risk & automation features
| Feature | Location | Why it helps |
|---|---|---|
| One-Click Trading | Chart toolbar | Faster, consistent entries |
| Order Templates | Order window | Reuse SL/TP and sizing |
| Alerts | Terminal → Alerts | Fewer missed levels |
| Strategy Tester | View → Strategy Tester | Validate ideas with data |
| VPS connectivity | Tools / Broker resources | Keeps EAs running 24/5 |
Why this platform combination works
The terminal stays predictable: price, volume, and orders share one canvas. You can build a simple playbook (trend + pullback; breakout + retest) and apply it across assets without switching apps. FxPro MetaTrader 5 also makes it easy to separate analysis from execution—profiles and templates keep charts clean while one-click trading keeps actions repeatable.
Common mistakes to avoid
- Running too many indicators; two momentum tools often say the same thing.
- Ignoring symbol Specification; contract size and swap terms affect P&L more than most realize.
- Optimizing EAs on a single market regime; always test across quiet and volatile periods.
- Trading during rollovers or low-liquidity minutes when spreads widen.
Conclusion
A strong setup is simple, observable, and consistent. With thoughtful defaults—profiles, templates, alerts—you reduce reaction time and decision fatigue. FxPro MT5 brings deeper order control, clear cost visibility, and multi-asset access into one routine. Start with one playbook, instrument by instrument, and let your logs decide what stays in your toolbox.
FAQ
1) Is MT5 only for algorithmic trading?
No. It serves both manual and automated trading; you can mix chart-based entries with EAs.
2) Where do I check contract details before placing an order?
Right-click a symbol in Market Watch → Specification to see tick value, swaps, and session times.
3) Can I backtest multiple instruments at once?
Use the Strategy Tester with Optimization to iterate parameters, then validate out-of-sample on individual symbols.
4) How do I keep charts uncluttered?
Create separate Profiles (e.g., intraday vs. swing) and limit indicators to those that add unique information.
5) What is the practical way to control costs?
Trade during liquid hours, keep spreads visible, and match holding periods to swap terms; size down when depth is thin.
