Learn How to Use MT5

Learn How to Use MetaTrader 5 (MT5) on Your Tablet

Step 1: Open a TMGM MetaTrader 5 (MT5) Trading Account

  1. Head to MT5 Download page on your Tablet web browser.
  2. Click on 'Download MT5 for Tablet'.
  3. Click 'Sign Up' and fill in your details.
  4. Login into your account.

Step 2: Setting Up MetaTrader 5 on Tablet

  1. Open the App Store (For iOS) or Google Play Store (For Android) on your tablet.
  2. Search for 'MT5' or 'Metatrader 5' in the search bar.
  3. Locate the official MT5 app developed by MetaQuotes Software Corporation.
  4. Tap on the app, and tap the 'Get' or 'Install' button to initiate the installation process.
  5. Once the installation is complete, tap on the app icon to launch MT5 on your Tablet.

Step 3: Log into Your Trading Account

After launching MT5 on your Tablet, log in to your TMGM Trading Account and perform the following:

  1. On the login screen, tap on the 'Settings' icon or select 'Login to an existing account'.
  2. In the search bar, enter 'TMGM'
  3. Select TMGM's server from the list, or enter the server address provided by TMGM.
  4. Enter your TMGM account credentials, including your account number and password. Optionally, you can choose to save your login details for future use by enabling the 'Save account information' option.
  5. Tap on the 'Sign in' or 'Login' button to access your trading account.

Step 4: Depositing or Withdrawing Funds

  1. Access the 'Deposit' or 'Withdrawal' option in the MT5 app.
  2. Select the MT5 trading account you want to deposit to or withdraw from.
  3. Choose your preferred payment method (E.g., Bank Transfer, Credit/Debit Card, E-Wallet).
  4. Enter the deposit or withdrawal details, including the amount and payment information.
  5. Review and confirm the details to initiate the deposit or withdrawal.
  6. Wait for the confirmation message indicating that your request is being processed.
  7. Check your trading account balance to verify the transaction.

Step 5: Navigating the MetaTrader 5 (MT5) Tablet Interface

  1. Upon launching MT5, the main dashboard will contain various panels, including 'Quotes’, 'Accounts', 'Trade', 'History', & 'Settings'. The trader can swipe or tap between these sections to navigate the app on the table device.
  2. Quotes: Real-time quotes for various trading instruments.
  3. Accounts: Access to your trading accounts.
  4. Trade: Place and manage your trades.
  5. History: View your trade history.
  6. Settings: Customize app preferences.

Step 6: Setting Up Alerts and Notifications

  1. Tap on the 'More' or 'Menu' tab to access additional features.
  2. Select 'Alerts'.
  3. Create a new alert by configuring conditions like 'Symbol,' 'Price/Value,' and 'Action.'
  4. Set parameters for the alert.
  5. Give the alert a name.
  6. Save and activate the alert.
  7. Monitor it to receive notifications when the specified conditions are met in the market.

Step 7: Placing Trades on MetaTrader 5 (MT5) Tablet

  1. Tap 'Quotes' to view real-time quotes for trading instruments.
  2. Tap on a specific instrument to access its chart.
  3. Tap the 'Trade' button.
  4. Choose 'Market Execution' to place an order at the current market price.
  5. Alternatively, select the type of pending order you wish to place (e.g. 'Buy Limit', 'Sell Stop').
  6. Set the order price, volume, 'Stop Loss', and 'Take Profit’.
  7. Review the order details.
  8. Tap 'Buy' or 'Sell' to confirm and place the order.

Frequently Asked Question

No, you cannot use your MT4 account ID to access MT5. You will need to create a new MT5 account with TMGM to start trading.

Yes. The MT5 tablet app lets you do everything you can on the desktop version.

The MT5 app has fewer options when it comes to advanced or niche charting tools and indicators compared to the desktop version as they might not be supported on the app due to mobile limitations.

No. You cannot use custom indicators or EAs on the MT5 tablet app. Due to limitations of mobile platforms, the app only supports the built-in indicators and trading tools.

No, backtesting trading strategies isn't currently available on the MT5 tablet app. The MT5 Tablet app focuses on live trading and monitoring, and lacks the advanced features needed for backtesting, like Strategy Tester or MQL5 programming.
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