MetaTrader 5 for PC is a must-have tool for traders. Whether you are a new or seasoned trader, knowing your way around MT5 is crucial for your success. However, you cannot learn everything about the app within a week or a month.
Every day, you will learn about a new shortcut or feature on MT5 for PC or Mac. Some of these features will make you better and solidify your trading strategies. Below, we share some of the top security and trading hacks to help you make the most out of MetaTrader 5.
Security Is Crucial
Your PC or Mac stores crucial details, like passwords, trading strategies, and direct market access. Losing your laptop or getting hacked can spell doom to your progress. Imagine if someone gets access to your laptop and steals your MT5 login details.
However, MetaTrader 5 for PC or Mac has features to help keep you safe.
§ Login Security
After you download MT5 for PC, the first thing you should do is create and use strong passwords. This you can do by using a password generator if you cannot come up with something unique on the spot. Also, use a password manager to safeguard your login details, especially if you manage multiple accounts.
Additionally, activate the 2FA feature on MetaTrader 5 for PC. Activating two-factor auth adds an extra layer of security. Even if someone steals your login details, they still cannot access your app without the one-time code sent to your email or phone.
§ Use VPNs
Using public Wi-Fis at cafes, airports, or public transport centers to access your MetaTrader 5 app puts you at risk. Hackers can easily intercept your data and steal your login credentials. AstrillVPN to protect yourself when using public internet access points.
§ Update Your PC/Mac
Ensure your PC or Mac is up to date. The regular updates often come with the latest security features to protect you from attacks. Also, beware when downloading third-party MT5 plugins or indicators. Stick to the official MQL5 Market or highly trusted developers.
Stay Ahead with APIs and Built-in Features
You can get the MetaTrader 5 download for PC or MetaTrader 5 download Mac link on your broker’s website. However, you need more tools to elevate your skills as a trader.
§ FIX API
The Financial Information eXchange (FIX) API is a handy tool. It is faster than MT5’s standard terminal protocol. It gives you an edge when managing and working with large order sizes. The FIX API minimizes delay, making order routing and execution smoother.
§ Multi-Account Management
This feature doesn’t require any third-party API or plugin. You can manage several accounts by running multiple instances of MT5 on your PC. All you need to do is click the MetaTrader 5 PC or Mac shortcut.
This makes it easy to manage different accounts or brokers without the need to constantly log in or out.
Useful MetaTrader 5 for PC Shortcuts
Accessing certain features via shortcuts on MT5 for PC is underrated. Let’s take a look at some handy tools you can access using shortcuts.
§ Depth of Market
You can view real-time buy and sell orders stacked at different prices by pressing CTRL+D. This window can help you gauge market depth, identify large orders, and understand where you might experience issues based on pending orders.
§ Resource Monitor
Running multiple instances of MetaTrader 5 for PC can make your device hang or the app freeze. However, you can monitor real-time CPU, memory, network, and disk usage for each MT5 script or indicator by pressing CTRL+U.
§ Journals and Logs
Pressing CTRL+G opens your journals tab. There, you will find order placements, errors, warnings, login/logout events, and execution reports. This information is useful when troubleshooting or auditing your trading history.