MT5

Definition

MT5 is the commonly used abbreviation for MetaTrader 5, the advanced multi-asset trading platform by MetaQuotes. Compared to its predecessor MT4, MT5 offers more timeframes (21 vs 9), more order types (6 vs 4), a built-in economic calendar, depth of market, and netting position accounting in addition to hedging mode. MT5 uses the MQL5 programming language for custom indicators and Expert Advisors.