MetaTrader 5 CFD Platform Guide

The MetaTrader 5 Navigator window is mainly used to navigate the most widely used areas of the MetaTrader 5 CFD Platform. These areas are:

1. Accounts: Demo and Live Accounts
2. Indicators
3. Automated CFDs Expert Advisors: A list of automated cfd robots within this MT5 CFD Platform
4. Custom Indicators:
5. Scripts: Scripts are used to execute some tasks on the MetaTrader 5

As a trader once you have selected the Navigator Button the following navigator window will appear on your MetaTrader 5.

MetaTrader 5 Navigator

First menu option on Navigator list is Accounts tab. To view the accounts tab, you can click the expand button (marked as +), & a list of your saved accounts will pop up. Every time you sign in with a new MT5 account the details will be saved under this "Accounts Tab".

By double clicking on any MT5 account you can activate the login and login to that account. You can switch from one MT5 account to the other using this cfd accounts tab.

The example shown below shows two accounts recorded under this tab, a demo MT5 account marked as a green cartoon and a Live MT5 account marked as a cfd trading cartoon. From this cfd accounts tab, a trader can switch between any of this two accounts by double-clicking on any one of them.

Indicators, Automated CFDs Expert Advisors, Custom Indicators & Scripts

1. Indicators
2. Automated CFDs Expert Advisors: A list of automated cfd robots within this MT5 CFD Platform
3. Custom Indicators:
4. Scripts: Scripts are used to execute some tasks on the MT5

The above are shown below on screen-shot, to view more option under each of these, traders click the expand button "+ button", this will show more options, to hide, just click the " - button". For examples the "Automated CFDs Expert Advisors" option below has been expanded.

These tutorials will be covered in more details later, but for now as a trader the following brief introduction about each will do.

Indicators: Indicators are cfd technical analysis tools used in trading and placed on CFDs chart, these tools are used to generate buy & sell cfds trade signals.

Automated CFDs Expert Advisors: Automated bots that are used to place cfds trades by generating buy & sell cfd signal automatically using programs that are programmed using the MQL4 coding language.

Custom Indicators: A custom indicator includes an indicator that you have modified or downloaded from the internet and then installed it on your MetaTrader 5 CFD Platform, this technical indicator will be listed here as a "custom technical indicator"

Scripts: This is a function used to perform a certain task, for example if you open five cfds trades and want to close all of them at once you can attach a "script close" on your chart thereby closing all open cfds trades at once (However, you need to set up some setting on the MetaTrader to allow scripts execution trading, that is a topic for later.)

The Navigator will be one of your mainly used panel when trading, to access it using a shortcut, press "Ctrl+N" button on your keyboard to display or hide it.