MT5- How it powers the DIFX platform

DIFX
3 min readJul 20, 2021

DIFX is a platform that introduces the powers of Blockchain not just to cryptocurrency exchange but also to other financial products. Being the first true cross-asset Blockchain-based trading network, DIFX synergizes the needs of the modern society looking to reap the benefits of both the traditional investment opportunities as well as the unparalleled opportunity from the cryptocurrency space.

Whether it is an individual looking to generate passive income, a corporation looking to invest its profits, or even brokers and traders, DIFX is a one-stop solution that provides a seamless and intuitive user interface to simplify the process of investment.

Furthermore, the platform leverages the power of Blockchain technology at its core to provide a trustless network. This allows DIFX to combat the challenges faced by other exchanges such as security, scalability, finality, and accessibility.

The cherry on the top is the Blockchain-powered native currency of the platform called DIFX. This currency accommodates all financial interactions on the platform in a seamless manner. It acts as fuel for the platform and provides easier usability.

However, one of the crown jewels of DIFX is the availability of various functionalities through the integration of MetaTrader5.

What is MT5?

MetaTrader5 is a platform that provides global access to various trading options such as forex, stocks, bonds, and futures all powered by advanced technology and algorithms. These features can be accessed through the web app, mobile app, or desktop version all having numerous features that assist in the trading activities of the users. Some of the most popular features include copy trade and auto trade options provided through trading robots and signals.

Another significant value addition to the platform is through the unparalleled integration of Metatrader5 with over 80 exchanges. These are global exchanges that include the Dubai Gold and Commodities Exchange and the Moscow Exchange.

Features of MT5

The integration of Metatrader5 with the DIFX platform offers an even more superior experience for the traders.

First on the list is the considerable number of indicators available. MetaTrader5 provides 38 indicators that are characterized in 5 groups. These indicators can be used by the users of DIFX to make data-driven and informed decisions when it comes to their trading activities both for the long term as well as short-term financial goals.

The five available groups are Trend, Oscillators, Volumes, Bill Williams, and custom indicators that allow users to import their external indicators.

When it comes to efficient analysis, MetaTrader5’s sophisticated set of tools and instruments allows the DIFX traders to get a deeper insight into the performance of various assets. These include Lines, Plotting Channels, Gann Tools, Shapes, Arrows, Fibonacci, and other instruments amounting to a total of 44.

The provision of these tools allows the traders to understand the price trends and analyze or predict the performance of an asset more accurately.

MetaTrader5 also facilitates Expert Advice for the traders. Since the world of cryptocurrencies is fairly new and there is a limited understanding of their concept, this expert advice adds significant value to the whole ecosystem.

Furthermore, data corresponding to the performance of these cryptocurrencies is limited which is why expert advice is more important in this space as it allows the traders to rise above the inefficient probabilities. Therefore, the activities of users on the DIFX platform become more realistic.

Another significant contribution of MetaTrader5 is the “Depth of Market” tool, which allows users to see the liquidity depth of a specific asset. In the cryptocurrency world, the depth of liquidity is a critical factor that defines a cryptocurrency’s performance and is thus a valuable addition.

Conclusion

The addition of MetaTrader5 to the DIFX ecosystem elevates a user’s trading experience to the next level. The set of tools and instruments available on MetaTrader5 were designed after extensive research on trader needs and then optimized based on the results.

The current cryptocurrency space is void of such sophisticated tools which is why the integration of MetaTrader5 with DIFX offers an unparalleled solution for the users.

Data-driven and informed decisions with deep technical analysis are what DIFX provides for the crypto world, with the support of MetaTrader5.

Learn more about DIFX by visiting www.difx.io

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