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Glossary

MetaTrader 5 includes a broader set of order types than MetaTrader 4. The "extras" cover two additional pending order types, two additional order fill policies, and two additional expiry opti...

A forex trader shows what the extra order types on MT5 are. 

What Are the Extra Order Types on MT5?

The MT5 market depth window shows the available bid and ask price levels for a given symbol, along with the volume offered at each level. It is one of the platform features that distinguishes...

A forex trader shows how to use the MT5 market depth window. 

How to Use the MT5 Market Depth Window

One of the meaningful upgrades in MetaTrader 5 over MT4 is the Strategy Tester. MT4's strategy tester is single-threaded and limited to one symbol at a time; MT5's is multi-threaded, supports...

A forex trader shows how to run a multi-currency backtest on MT5. 

How to Run a Multi-Currency Backtest on MT5

MetaTrader 5 introduced something MT4 never had: two different ways of accounting for open positions. Netting mode treats each symbol as a single net position, with new orders adjusting the e...

A forex trader shows how to use netting vs hedging mode on MT5. 

How to Use Netting vs Hedging Mode on MT5

Most traders follow an economic calendar in some form, whether through a website tab kept open in the background or a separate app on their phone. The MetaTrader 5 desktop terminal includes i...

A forex trader shows how to use the MT5 built-in economic calendar. 

How to Use the MT5 Built-In Economic Calendar

A chart is the central interface for most technical analysis, and the MetaTrader 4 mobile app makes the same chart data available on a phone or tablet as you would see on the desktop terminal...

A forex trader shows how to read the MT4 mobile chart. 

How to Read the MT4 Mobile Chart

The MetaTrader 5 mobile app allows you to open trades, set stop loss and take profit levels, and place pending orders from your phone or tablet. For traders who spend time away from the deskt...

A forex trader shows how to place a trade on MT5 mobile. 

How to Place a Trade on MT5 Mobile

Switching between chart timeframes is one of the most common actions in technical analysis, and the MetaTrader 4 mobile app supports the same nine timeframes available on the desktop terminal...

A forex trader shows how to change timeframe on MT4 mobile.

How to Change Timeframe on MT4 Mobile

Technical indicators help traders interpret price action and structure trade decisions, and the MetaTrader 4 mobile app includes the same set of built-in indicators as the desktop platform. W...

A forex trader shows how to add an indicator on MT4 mobile. 

How to Add an Indicator on MT4 Mobile

A stop loss is one of the most basic pieces of risk management on any trading platform, and the MetaTrader 4 mobile app makes it available wherever you are. Whether you are placing a new orde...

A forex trader shows how to set a top loss on MT4 mobile.

How to Set a Stop Loss on MT4 Mobile

Getting MetaTrader 5 running on a Mac is a common question among TIOmarkets clients, and the answer follows the same pattern as MT4: there is no native macOS installer on the TIOmarkets MT5 p...

A forex trader shows how to install MT5 on Mac. 

How to Install MT5 on Mac

Running MetaTrader 4 on a Mac is something many TIOmarkets clients ask about, and the answer is less straightforward than on Windows. MT4 is fundamentally a Windows application, and the TIOma...

A forex trader shows how to install MT4 on a Mac. 

How to Install MT4 on Mac

Moving MetaTrader 4 to a new computer is straightforward in principle: install the platform, log in to your TIOmarkets account, and you are trading again. In practice, most traders also want ...

A forex trader shows how to set up MT4 on a new computer. 

How to Set Up MT4 on a New Computer

MetaTrader 4 is a trading platform built by MetaQuotes, but it does not connect to any market by itself. To place real trades or view live prices, MT4 needs to be connected to a broker's serv...

A forex trader shows how to connect M4 to a broker. 

How to Connect MT4 to a Broker

MetaTrader 4 is designed to handle more than one trading account from a single installation. Whether you are switching between a demo and a live account, running parallel strategies across di...

A forex trader shows how to switch between accounts on MT4.

How to Switch Between Accounts on MT4

Adding a new account to MetaTrader 4 is something most traders do at some point: a demo alongside a live account, a second live account for a different strategy, or a clean account after a lo...

A forex trader shows how to add a new account on MT4.

How to Add a New Account to MT4

The password for your MetaTrader 4 trading account is issued by TIOmarkets at the time of registration. If you want to change it for security reasons, or if you have forgotten the current pas...

A forex trader shows how to reset your MT4 password. 

How to Reset Your MT4 Password

The MT4 server name is the address MetaTrader 4 uses to connect to TIOmarkets's trading infrastructure. It is paired with your account number and password as the three pieces of information n...

A forex trader shows how to find your MT4 server name. 

How to Find Your MT4 Server Name

Your MT4 account number, also called the login, is the unique identifier for your trading account. It is needed when logging in for the first time, when adding the account to a different comp...

A forex trader shows how to find your MT4 account number. 

How to Find Your MT4 Account Number

Logging into MetaTrader 4 for the first time is a short process, but the first attempt is where most setup problems occur. The server name, login number, and password all have to be exactly r...

A forex trader shows how to log into MT4 for the first time. 

How to Log Into MT4 for the First Time

Backtesting an Expert Advisor on MetaTrader 4 is the process of running an EA's logic against historical price data to see how it would have performed during a past period. The Strategy Teste...

A screen shows how to back test an EA on MT4. 