Desktop
Learn How to Use
MetaTrader 5 (MT5) on Desktop
STEP 01
Open a TMGM MT5 Trading Account
1
Head to MT5 Download page.
2
Click on 'Download MT5 for Desktop’.
3
Click 'Sign Up' and fill in your details.
4
Login into your account.
STEP 02
Setting Up MetaTrader 5 (MT5) on Desktop
1
Access the TMGM website using your desktop browser.
2
Navigate to the 'Platforms' section, then choose 'MetaTrader 5'.
3
Click the 'Download' button to start the download process.
4
Once the download is complete, locate the file in your downloads folder and double-click on it to begin the installation process.
5
Adhere to the on-screen instructions to complete the installation on MT5 on Your Desktop.
STEP 03
Log into Your Trading Account
1
Open MetaTrader 5 on your Desktop
2
Navigate to 'File' on the top left corner, then click 'Login'
3
Enter your TMGM trading account credentials (Account Number & Password) and ensure that you select the appropriate server (TradeMaxGlobal-Demo or TradeMax-Live), depending on your account type.
STEP 04
Deposit/Withdraw Funds
1
Locate the ‘Withdrawal’ or ‘Withdraw Funds’ section. This can typically be found in the same area as the deposit options in the 'Navigator' or ‘Terminal’ window.
2
Select the MT5 account that is supposed to either receive the deposit or perform the withdrawal process.
3
Enter the deposit/withdrawal details such as amount of deposit, card details or e-wallet account information etc.
4
Review and confirm that the deposit/withdrawal amount and payment method is correct.
5
Click the ‘Authorize’ or ‘Confirm’ button to initiate the deposit/withdrawal.
6
Wait for the confirmation message indicating that your deposit/withdrawal request has been received and is being processed.
7
Once the deposit/withdrawal is successfully processed, log into the MT5 account and verify that the amount in the trading account has been updated.
STEP 05
Navigating the MT5 Interface
1
Market Watch: Locate the Market Watch window to view real-time quotes for different trading instruments. Right-click within this window to customize the list of instruments you want to monitor
2
Navigator: The 'Navigator' panel provides quick access to your accounts, indicators, and 'Expert Advisors'. Expand or collapse categories as needed.
3
Terminal: The 'Terminal' panel displays your account information, including balance, equity, and margin. It also shows your open trades and order history.
STEP 06
Setting Up Alerts & Notifications
1
Navigate to the 'Alerts' Tab.
2
Create a new 'Alert'.
3
Configure the settings of the 'Alert' based on the respective 'Symbol', 'Price/Value' & 'Action'.
4
Set parameters for the 'Alert'.
5
Give the 'Alert' a name.
6
Save the 'Alert' once all the configurations have been done.
7
Activate the 'Alert'.
8
Monitor the 'Alert' frequently as it will trigger when the specified condition(s) is/are met in the market.
STEP 07
Placing Trades on MT5
1
Click an instrument in the 'Market Watch' section or select it from the ‘Charts’ menu.
2
Right-click on the chart and select ‘Trading’ or use the ‘New Order’ button in the toolbar. This will open the 'Order Window'.
3
In the 'Order Window', choose the type of order you want to place.
4
Specify the volume or trade size for your order.
5
Set a ‘Stop Loss’ or ‘Take Profit’ level for the pending order.
6
Review the order details in the ‘New Order’ window.
7
Click ‘Buy’ or ‘Sell’ to confirm and place the order.
Frequently Asked Questions
Can I use my MetaTrader 4 (MT4) account ID to access MetaTrader 5 (MT5)?
No, you cannot directly use your MT4 account ID to access MT5. You will need to create a new MT5 account with TMGM to start trading.
How do I add instruments to the MetaTrader 5 (MT5) platform?
Just follow the below steps:
•
Right-click the Market Watch window.
•
Select "Symbols".
•
Choose the desired instruments from the list or search for them.
•
Click "Show" to add them to your Market Watch.
How do I use expert advisors (EAs) in MetaTrader 5 (MT5)?
Just follow the below steps:
•
Find EA: Locate your downloaded EA file or browse the MT5 Marketplace.
•
Drag & Drop: Double-click or drag the EA onto a chart you want it to run on.
•
Adjust Settings (Optional): Adjust input parameters in the pop-up window if needed.
•
Activate: Click "Ok" to activate the EA.
How do I customize MetaTrader 5 (MT5) charts?
Follow the below steps for basic customizations of the MT5 charts:
•
Right click on the chart that you want to tweak.
•
You will be able to perform basic customizations such as customizing the chart type, colours and indicators.
•
Click 'Save' or 'Done' and the customization will be active.
How do I create custom indicators in MetaTrader 5 (MT5)?
Follow the below steps to create custom indicators in MT5:
•
Browse the MT5 Marketplace & find thousands of ready-made indicators (Both free & paid).
•
Download the respective indicators and add them to the charts by a simple drag-and-drop method.
•
Customize the settings by tweaking the parameters to fit a particular trading style.
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