MetaTrader 5 - A Powerful Trading Platform With Multiple Platform Support

MetaTrader5 - Improve Trading Knowledge From The Largest Trader Community

MetaTrader5, a Free Backtesting Software, provides all-in-one analytics and represents the concept. You can open up to hundred charts simultaneously, including currency and stock quotes. All minor price movements can be comprehensively analyzed using the 21 timeframes available. The analysis of quote dynamics is carried out with the help of more than 80 technical indicators and analytical tools.

Features of MetaTrader 5

Ready-Made Algorithmic Applications

The terminal's analytical resources go beyond the built-in tools. In addition to the Code Base, this forex backtesting software traders can choose from nearly 2500 ready-made algorithmic applications, buy or rent applications from the Market, and order custom indicators through the Freelance service. You can create your indicators with the help of the MQL5 programming language due to its high performance.

Fundamental Analysis 

Financial instruments can also be forecasted by using fundamental analysis. Fundamental analysis monitors a wide range of open-source economic and industrial indicators. The stock backtesting software provides direct access to these data.

You are provided with essential financial information directly from international news agencies through the platform. Economic calendars present the most important macroeconomic indicators of different countries so traders can analyze their impact on various financial instruments.

Trading Signals and Copy Trading 

No time to trade manually or analyze the markets? MetaTrader 5 can automatically replicate all the trades of a successful trader in your account if you subscribe to one of his signals. Choose the risk level and profitability of hundreds of free and paid signals available for demo and live accounts. Once you subscribe to a signal provider, the platform will trade automatically for you. Depending on your preference, you might choose to monitor trading results or rely exclusively on the signals.

Alternatives to MetaTrader 5

Like MetaTrader 5, TradeIdeas and PyInvesting are other Backtesting softwares that one can opt for as their market analytical tool. These compatible tools can also pave your path to success.