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Russian software developer MetaQuotes said on Thursday it the added chart filtering and trade sorting options to the mobile version of the MetaTrader 5 (MT5) trading platform for Android devices.
MT5 Android users can sort trades by several criteria – symbols (financial instruments), orders and open/close time. They can do this from the Trade and History tabs on the platform. In addition, the History tab allows the filtering of trades by symbols.
The display of charts in multi-window mode, on the other hand, has also been optimized. The menu now allows users to opening new windows, delete old ones, and re-arrange them and select a desired layout (vertical, horizontal or tile).
The developer introduced the new features with the latest build to the Android platform.
MetaQuotes noted that the number of brokers that adopt the MT5 platform has been growing weekly. The reason for this is that the platform has been growing in popularity, both among retail and institutional users. The Android version of the MT5 platform has between 1 million and 5 million downloads, according to data from the Google Play store.
MT5 is a multi-asset trading platform that offers access to a number of markets, including those for forex, contracts for difference (CFDs), options and futures markets, as well as stocks. MT5 is the successor of MetaTrader 4 (MT4), the worlds’ most widely-used trading platform.
The platform uses MQL5 programming language and allow automated trading via Expert Advisors (EAs). It is available as an application for desktop and mobile devices and 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.
After MetaQuotes expressed its intentions to stop issuing updates to the MT4 as it seeks to focus entirely on the MT5, the developer has been indeed issuing updates almost exclusively for the MT5. Interest in the platform increased significantly after it was added a hedging capability in late March 2016.