DIFX has added MT5 into its ecosystem to provide an even more cohesive facility to its users. The decentralized crypto-asset trading exchange allows its users to leverage the MT5 platform for diversified trading options. This Paradigm shift is definitely set to cause the rippling effect in the industry.
The DIFX ecosystem already consists of a crypto exchange, wallet administrations, and a cross-asset platform. The addition of MT5 aligns with the aim of DIFX to create a new standard of trading methods through sophisticated tools and technologies, therefore, completing the DIFX ecosystem.
What is MT5?
MetaTrader5 is a paradise for traders globally looking to trade in forex, stocks, bonds, and futures with advanced technology and algorithms. It is a bespoke multi-asset platform offering sophisticated financial trading functions through its web app, mobile app, and desktop version. In addition to this, MetaTrader5 also offers attractive features to traders, such as copy trade and auto trade options, facilitated by trading robots and signals.
Furthermore, MetaTrader5 offers seamless integration with over 80 exchanges around the globe, including Chicago Mercantile Exchange (CME), Dubai Gold and Commodities Exchange (DGCX), and Moscow Exchange (MOEX).
Features of MT5
There are 38 indicators available on the MT5 platform, characterized in 5 different groups — Trend, Oscillators, Volumes, Bill Williams and custom indicators. The custom indicator allows users to import an external indicator or even develop an indicator on their own.
The trend indicators include Double Exponential and Triple Exponential Moving Average. Oscillators have Triple Exponential Average and Bill Williams includes Market Facilitation Indexes further to the existing indicators in the MetaTrader 4. The addition of these trends allows a deeper market analysis for the traders helping them to make informed decisions.
In terms of analysis, the MT5 provides Lines, Plotting Channels, Gann Tools, Shapes, Arrows, Fibonacci and Elliot, amongst the total of 44 instruments that traders can use to read and understand price trends with more accuracy. This is further complemented by the wide range of time frames offered by the MT5 that provide a holistic view of the market.
Another attribute that MT5 brings to the table is getting Expert Advice on multiple currencies allowing the traders to analyze several currencies at a single time. The strategy tester of the MT5 enables the traders to test their strategies in a simulation, giving a more realistic feel of the market.
An economic calendar is available on the MT5, which provides information about the macroeconomic events, which help investors with decisions and responses, minimizing risk from economic affairs.
Traders can also leverage the “Depth of Market” tool of the MT5, which allows them to see the depth of liquidity available in a particular financial market. This tool shows the orders available in a market along with their price.
MT5 offers 3 types of “Fill Policy” including “Fill or Kill”, “Immediate or Cancel” and “Return”. The “Immediate or Cancel (IOC)” is utilized when the order of the trader can not be executed completely. The possible available volume of the order is then completed and the rest is cancelled. There is also a possibility of setting the return, according to which the remaining order volume is not cancelled but executed on a set limit and stop-limit.
The features on MT5 are just the tip of the iceberg of what the platform can offer to the traders, enhancing their experience and making effective, well-informed, and profitable trades. The addition of MT5 in the DIFX ecosystem is an integral part of the platform’s growth and will allow for a more sophisticated trading environment.
DIFX is not compromising in quality when integrating the necessary tools to build a successful exchange. From technical tools to liquidity providers and market makers, DIFX brings together leading partners to create a pioneering cross-asset exchange.