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