Upgrading your forex trading setup with MetaTrader 5 (MT5) can bring a professional edge to your strategy. Properly installing and customizing MT5 on your PC creates a clear and organized workspace, allowing you to make the most of your trading experience. This guide will walk you through setting up and personalizing the MT4/5 platform, so your setup looks and functions like a pro’s.
XtremeMarkets offers one of the top forex trading platforms in the industry. Here, we’ll guide you through downloading, installing, and customizing MT5 for a seamless and efficient trading experience. If you’re using XtremeMarkets, follow this step-by-step process to optimize your MT5 trading platform.
How to Install and Customise MT5 Trading Platform?
Download MetaTrader 5
- Visit the XtremeMarkets website.
- Click on the Platform link from the Menu.
- Select the appropriate version for your OS (Windows ) and click download.
Install MetaTrader 5
- After downloading, locate the setup file, usually in your “Downloads” folder.
- Double-click the file and follow the on-screen instructions.
- Choose your desired installation path and click “Next.”
- Once the installation is complete, launch the MT5 application.
Log in to MetaTrader 5
- Open the MT5 application.
- Select YaMarkets from the list.
- Enter your login credentials to access your trading account.
How to Customize the Chart Layout?
Creating a clean and professional trading space is essential for effective trading. Follow these steps to set up your chart layout:
Remove Unnecessary Panels:
- Press Ctrl + T to hide the “Toolbox” panel.
- Press Ctrl + M to remove “Market Watch.”
- Press Ctrl + N to hide “Navigator.”
Load the Correct Instruments:
Drag and drop your preferred trading instruments (like EUR/USD or GBP/USD) on the chart windows.
Adjust the Chart Appearance:
- Right-click on the chart and select “Properties.”
- Uncheck the “Grid” option for a cleaner look.
- Set the background to white and choose contrasting colours for bullish and bearish candles (e.g., blue for bullish and red for bearish).
- Apply your settings by clicking “OK.”
Save Your Chart Template:
- Right-click on the chart, select “Templates,” then “Save Template.”
- Name your template (e.g., “CleanChart”) and save it.
Organise Toolbars
- Go to View > Toolbars and ensure that “Timeframes,” “Standard,” and “Line Studies” are selected.
- Right-click each toolbar and click “Customize” to remove unnecessary items.
- Arrange the toolbars for easy access and a cleaner interface.
Add and Customize Indicators
- Open the “Navigator” window by pressing Ctrl + N.
- Drag and drop your desired indicators (e.g., MACD) onto the chart.
- Customize the indicator settings for better visuals:
- Right-click on the indicator and choose “Properties.”
- Set distinct colours for better visibility.
Final Adjustments
- To improve your professional MT5 setup:
- Use arrow lines instead of standard trend lines for clarity.
- Draw supply and demand zones using the rectangle tool and fill them with colour for differentiation.
- Set up support and resistance lines quickly by drawing horizontal lines and duplicating them using Ctrl + drag.
Conclusion
Setting up and customizing your MT4/5 trading platform can greatly enhance your trading efficiency. By organizing your workspace and leveraging the right tools, you create a smoother, more focused trading environment. For those new to trading with XtremeMarkets, this guide will help you get your MT5 platform set up like a professional.
Stay tuned to XtremeMarkets, the best forex platform for more trading tips and to get the best trading experience. Happy trading!
