Our innovative, award-winning, trading platform offers a fast, reliable trading experience with a world class charting package. NewbieFX provides access to market data, price charts, news and analysis as well as trading signals. Our platform is available on the web or via our iOS and Android apps, allowing you to trade anytime, anywhere from any device.
If you have multiple accounts, it is easier than ever to manage them with MT5, since the new accounts window in the “Navigator” allows movement between accounts quickly and easily, enabling the employment of different strategies in different accounts with almost no delay or trouble. If you choose to create two accounts in which you carry trade, and scalp, for example, it has never been easier to switch between the two categories to respond to sudden market events. Active traders will no doubt love this feature, but even investors committed to the long-term will be pleased to admit the time saved by the new addition.
The interface is focused on the main window where you can simultaneously display multiple graphs of the forex price action, or focus on a single large panel to trade your favorite pair with great ease. Some of the buttons and icons found on top of the panel in MT4 are not enabled by default in MT5, but as the software moves out of beta, this feature will be implemented once again
For those who prefer auto-trading, MT5 comes with an advanced trading script, and a powerful expert advisor. The MT5 script is as strong as ever, and this new version sees previous bugs and errors addressed, and the language improved and condensed into a more efficient and user-friendly form. The Expert Advisor now enables the pre-made chart-in-chart style, which enables more in-depth analysis of the technical strategy being tested.
There are very few things to be criticized in the MT5 release. All the advantages and great features of the MT4 platform are still here, with everything placed in a better context and a more orderly outlay in order to achieve greater efficiency. It is especially refreshing to see that the developers have chosen to avoid the impulse to innovate in the name of innovation, and have kept the orderly and simple form of MT4 intact.
On the indicators front, we are most impressed by the TRIX and TEMA indicators. Both of them enable an incredible degree of clarity to potential trades, and make the evaluation of market action far more concrete and objective than what it was before. TRIX is a great oscillator that takes advantage of the clarity of TEMA to take us to the next generation of oscillators, in the process overcoming many of the traditional weaknesses of oscillators, namely lag, and susceptibility to whipsaws.. There is no question that the highlight of this new release is the powerful indicator pack which in itself justifies a move to a broker offering an MT5 trading experience.
The script and the expert advisor feature few improvements, but a good deal of refinement and retouching seems to have gone into the works as the forex software was on the development block. This means that we will have fewer problem with execution and creation of automated strategies – an area where MetaTrader always had the edge.