Trading platform MT5 adds support for certificate transfering from desktop to mobile devices

Trading platform MT5 adds support for certificate transfering from desktop to mobile devices

- in All News, Trading Platforms
MetaTrader 5 MT5

Russia-based financial software developer MetaQuotes said on Monday it has released a new build (1340) of its MetaTrader 5 (MT5) trading platform, introducing new certificates for advanced security connection which can easily be transferred from the desktop platform to mobile terminals for iOS and Android devices. Prior to the change, certificates needed to be manually transferred from the desktop platform to the mobile ones.

A certificate is first encrypted on the desktop terminal and then transferred via a trade server. To receive and import the certificate on a mobile device, users have to connect to the trading account through a moibile terminal. The certificate is individually generated for each account and protected with a password and without it account connection is not possible. The transfer process is fast, easy and secure. MT5 certificate transferingThe software developer said similar updates for the two mobile versions of the MT5 trading platform (for iOS and Andorid) will be released soon.

In addition, MT5 now provides more accurate testing as it has an updated algorithm for the execution of pending orders, as well as stop loss (SL) and take profit (TP). The MT5 Strategy Tester has been enhanced to reflect the real market conditions, meaning it now takes into consideration a forex instrument’s last price information when displaying forex charts and stop orders, while limit orders are based on bid and ask prices. However, for other types of instruments, no such changes have been implemented. Following is a comparison of the old and updated algorithm on the MT5 in regards to forex trading tester:

 

Before

After

Triggering

Bid/Ask for all types of Pending Orders and SL/TP

Bid/Ask for Limit Orders
Last for Stop, Stop-Limit and SL/TP orders

Execution

The price specified in the order for all types of Pending Orders and SL/TP

Bid/Ask at the time of order triggering for all types of Pending Orders and SL/TP

MT5 testing forexIn addition, the MT5 now displays bar’s High Ask and Low Bid price lines during visual testing. The platform also provides a new option on the visual testing chart for navigation to a specified date.

The MT5 platforms supports trading in forex, contracts for difference (CFDs), options, futures, and equities trading instruments. Unlike its predecessor – the MT4, the MT5 features functions for stock market traders.The platform is available for desktop and mobile devices, and via the web after last week MetaQuotes released a web-based beta version.

The platform allows, through a single trading account, the execution of orders in several financial markets and stock exchanges. It features advanced charting package, trading and analysis tools, alerts, signals, and customizable indicators. The platform allows four types of order execution – Instant, Request, Market and Exchange.

The platform is based on the MQL5 programming language and has options for automated trading strategies (Expert Advisors, EAs) and is available as an application for desktop and mobile devices.

MetaQuotes has been putting a stronger emphasis on its MT5 platform, trying to prompt more brokers and traders to convert to it from its predecessor MetaTrader 4 (MT4), which is the world’s most widely-used forex trading platform. Recently it added hedging to the MT5 desktop and mobile platforms, after which it made it available in a web-based version.

MT5 trading is included in the offering of forex brokers WhoTrades, Exness, FXTM, IC Markets, RoboForex, Windsor Brokers, Admiral Markets, and etc.

Source: MetaQuotes

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