MetaTrader 5 — The Next-Generation Multi-Asset Trading Platform
MT5 is the next generation of the MetaTrader series, building on MT4 with more timeframes, more technical indicators, a built-in economic calendar and market depth, plus support for both netting and hedging position modes for more advanced trading needs.
Why Choose MetaTrader 5
21 Timeframes
38 Built-In Indicators
Netting & Hedging Modes
High-Performance MQL5
MT4 or MT5 — Which Should You Use?
Both platforms are free to use at Austex Markets. Choose based on your trading habits and needs, or use both at once.
| Comparison | MetaTrader 4 | MetaTrader 5 |
| Chart Timeframes | 9 | 21 |
| Built-In Indicators | 30 | 38 |
| Analytical Drawing Tools | 23 | 44 |
| Position Accounting | Hedging only | Both Netting and Hedging |
| Economic Calendar | Not built in — requires a third-party plugin | Built in |
| Market Depth (DOM) | Not supported | Supported |
| Strategy Tester | Single-threaded backtesting | Multi-threaded + cloud optimisation network |
| Development Language | MQL4 | MQL5 (higher performance, C++-style) |
| Best Suited For | Traders who prefer the classic MT4 interface | Advanced traders wanting more analysis tools and automation |
* Austex Markets supports both MT4 and MT5 accounts, with the same tradable instruments, spreads and account structure across both — switch or use them in parallel at any time.
Trade MetaTrader 5 Anywhere, on Any Device
- 21 timeframes, 38 built-in indicators, 44 drawing tools
- Supports both netting and hedging position modes
- MQL5 automated trading with multi-threaded Strategy Tester
- Built-in economic calendar and market depth
Even More Comprehensive Market Analysis
MT5 significantly expands on MT4’s analysis toolkit: 21 chart timeframes, 38 built-in technical indicators and 44 analytical drawing tools, paired with a built-in economic calendar and market depth (DOM) — helping you track everything from macro events to order-book detail.
- 21 chart timeframes for precise trading rhythm capture
- 38 built-in indicators + 44 drawing tools
- Built-in economic calendar — key data releases at a glance
- Market depth (DOM) shows live buy/sell order flow
Netting or Hedging — Match Your Strategy
MT5 supports two position accounting modes. In Netting mode, multiple trades on the same instrument are automatically merged into a single net position — well suited to trend-following traders. In Hedging mode, you can hold both long and short positions on the same instrument simultaneously, consistent with how MT4 works — suited to traders who want to manage each position individually. Choose the account mode that fits your trading style.
- Netting mode: same-instrument positions merge automatically, for simpler position management
- Hedging mode: hold both long and short positions on the same instrument at once
- Both modes support full stop-loss, take-profit and trailing stop functionality
MQL5 and the Cloud Strategy Testing Network
MT5’s algorithmic trading is built on MQL5, which offers higher performance and execution efficiency than MQL4. The Strategy Tester supports multi-threaded backtesting and can tap into MetaQuotes’ cloud computing network, dramatically cutting the time needed for historical backtesting and parameter optimisation — helping you validate and iterate on strategies more efficiently.
- MQL5 development language, for higher execution efficiency
- Multi-threaded Strategy Tester with cloud-accelerated backtesting
- Thousands of EAs and indicators available in the MetaTrader Market
- Copy-trading support — automatically replicate other traders’ signals