MetaTrader 5 (MT5) - Complete Tutorial from Scratch! Updated 2026

[00:02] In today's video, I bring you a complete and up-to-date tutorial on how to download and configure the main tools of the most traditional trading platform most traditional trading platform for trading Forex and CFDs.

[00:14] I'm talking about Metatrader 5, and I decided to make this video because some traders who follow me, who always see me trading and analyzing through TradingView— which is another trading platform that I actually prefer, and there's even a video on this

[00:29] channel teaching how to configure TradingView—are interested. There are other traders who don't identify as much with TradingView and prefer the good old Metatrader. So, that's why I decided to record this content, where I

[00:43] teach you step-by-step the main settings, and it's definitely another solution that will make your day-to- day work in the market easier. But of course, first of all, if you're not subscribed to this channel, please subscribe now and leave a

[01:00] like; it's very important to me. If my content is helping you in any way, by subscribing, by engaging in some way, whether by liking or commenting,

[01:13] YouTube will start recommending my content to other traders who are also on this journey seeking knowledge, just like you. Well, and for anyone who wants, I'll also leave my Instagram here, follow me there, @euanatavares,

[01:28] I'll be very happy to find you there. Beauty? Now let's go to my computer screen, which I'm going to share here, and you'll just follow all the settings and the step-by- step instructions that I'm going to teach you now. The

[01:42] first step is to download the platform. And you have two ways to do that. The first option is directly on the Metatrader website. So you type " Metatrader 5" into Google and click on that first link, which will take you directly to the

[01:57] Metatrader 5 website. Then you choose which version you want to download, whether it's for Windows, Mac, Linux, and so on . Alternatively, you can download it directly from your brokerage firm , because like Metatrader, it

[02:13] 's also an analysis platform, and to trade through it, you need to log into your brokerage account . And I honestly think it's easier this second way. So let's go . I'm here with my brokerage account

[02:28] partner with is Vantage Markets. You already know. Also, if you do n't already have a Vantage account, I'll leave a link below in the description for you to create one. Go ahead and do it, follow the step-by-step instructions, it's very easy. And then

[02:42] after you create your account, you come here to the homepage, to the accounts section, in the upper left corner , and you click on open your account on the right side, see, open your account. And you always

[02:58] need to open an MT5 account first, and then download the platform. So let's go . Here you choose whether you want a real account or a demo account. With MT5 you can use both real and demo accounts. Let's open a real account here just to

[03:12] illustrate. So here's the trading platform; you select Metatrader 5. There's also Metatrader 4, okay everyone? which is an older version. To be everyone? which is an older version. To be

[03:27] MetaTrader 5, as it's more up-to-date. Finally, there's no need to put anything here. Choose the account type, standard account, OK? Going down [snoring] a little bit, you choose the trading currency here. I always prefer to use the

[03:41] US dollar. Finally, scroll down a little, check the box that I'm aware of. And click submit. It will ask for this confirmation message. You click confirm and that's it, wait a little bit. Your request for an additional account was

[03:56] successful. Now you can start funding and trading with your real account. So what happens in your email? Your login credentials, including your username and

[04:12] password, will be sent to the same email address you used to create your Vantage account. So you open your email, check your inbox, and always take a look at your spam folder too, just to be sure, because sometimes people 'll see, it's in your spam or junk mail folder, because it always ends up there, okay? Pay

[04:27] mail folder, because it always ends up there, okay? Pay close attention, because the email you will receive containing these credentials is the same one you used to create your Vantage account. because they're entering the wrong email address. So pay attention to that, okay? So the

[04:41] account has already been created, the credentials are already in the email. Show. Close it here in the little window. What are you doing now in this upper part, as you can see from Vantage itself? Click on the three dots and then you'll see the downloads. Click on

[04:56] downloads. And then it will give you those options, both for Metatrader 4, which, as I mentioned, is older, and for Metatrader 5, which is the most current platform. And here it's the same thing, you choose if you want to download it for

[05:11] Windows, Mac, iPhone, Android, etc., web trader. I prefer to download this web trader because it's for you to access through your browser. I don't like it that much; I prefer to download it directly to my computer and save it here.

[05:24] So, I'm going to click here on Windows, I'll do everything with you, step by step. Ready. After you click here on Windows, in the upper right corner of your computer, you're going to click on that little arrow, see? Downloads. And it will

[05:38] open this file here, Vantage International Setup. Double-click it, this window will open automatically, then click here

[05:50] and wait a little bit. And that's it. Once that's done, just follow along here, it's very ? Wait a moment, it will load.

[06:07] Everything is downloading here. Clicked on finish. Welcome to Metatrader 5. How's it going? When it opens for you, this window will be exactly as it is for me , okay? What are you going to do?

[06:23] Click here to cancel and we 'll open the account for you. The way that window opened and closed, the first thing you're going to do is log into your trading account. So, click up here, in the upper left corner,

[06:36] up here, in the upper left corner, click on "file" and then down here, click on "file" and then down here, to "trading account login". Here on the login page, you will enter your account number, which you received in your

[06:49] email, and your password, which you also received in your email. I'll do this here with you all. And here too, the server will send an email to your address telling you which server it is. Notice here that mine is set to demo, but that

[07:01] 's not the demo I want to log into. I want to log in with my real account, but the server check your email to see which server is associated with the password you created, okay? So here, for example, mine is Vantage International

[07:16] Vantage International Live 5. Once that's done, click OK. Ready. As soon as you enter your login and password, it will load everything you see here. To check if the account is logged in. Yes,

[07:32] bottom right corner, right where I'm running my hand, it has these signal bars. See? This is because the account is connected. If it's not connecting, it will have a red signal. So here, great,

[07:45] everything connected perfectly. So, you can close this little window here in the corner. AND . Okay, so let's start navigating around here, understanding what Metatrader is. In fact, the first thing we're going to do is close all these

[08:01] random windows here, because we only want a single window to make it easier for us to see everything. With that done, we'll start here in the upper left corner. Click on file. And the only option I

[08:15] use most often here is the trading account login section , which is where you can log into the account with the broker you use. So, for example, if you close Metatrader or open Metatrader on another machine, or download it

[08:28] from another location, you will have to come here to log in to your broker's trading account. Sometimes we use other functions as well, but I don't need to go through them now. In the display section, you have the option to choose the language

[08:42] under languages, see? You can choose your preferred language, themes, and color; the toolbar is already included. Market observation, if you remove it, you can see it in the display, that little window where it's showing

[08:57] some assets disappears. Some people don't like it , but I personally do. Then it's up to you. Display. If you take it away, oh, it'll disappear from here. Assets are not pre-selected. I prefer to leave it as I find it more practical. Okay

[09:10] , scrolling down a bit, we have the data window option. I hardly ever use a toolbox. If you remove that option that was is a toolbox? It's this whole area down here. We can even make

[09:25] smaller. See? The most important thing for me is this right here. This is the part of the negotiation where your balance is held. When you have an your balance is held. When you have an

[09:38] My balance is still zero since I just created this account, but if you make a deposit, for example, your balance will appear here, as well as the accounts you open, and you can also see your history here, and so on. Okay, then.

[09:50] Still up here, in the upper left corner, I always like to leave the toolbox, but it's up to you; chat, I don't use it, screen bigger, you see? So, [snoring], right? To improve your viewing, that

[10:04] 's up to you too. In the insert, let's see here. Here we have the option of indicators. So, all the main indicators that exist are within Metatrader 5. Uh, so here are several volume indicators, trend indicators,

[10:19] trends section you will be able to identify Bollinger Bands, moving averages, in short, all the main indicators are available here for you. Here are the objects, which are the tools we use

[10:34] to make our markings, but all of these objects are already here as shortcuts, which I'll also show you at the top. So, charts section, which is where you can configure your chart. We'll

[10:48] do that soon too, change to a line chart, candlestick chart, and so on. Here are other tools, such as how to open a new order. And all of this, folks, is already in this bar below, you see? We already have all these shortcuts, and we'll

[11:02] go through them in a moment. So, going down a little bit here in this second bar, what do we have here? option to create a chart. So, for example, if you click, "Oh, I want to open GBP USD here," I click on GBP USD, and

[11:16] automatically GBP USD appears here. Oh no, I want to open the, I don't know, USD JPY. He's going to open SDPY for me right now. What will you be observing? See, down here? Here in the bottom left corner, it adds

[11:31] these windows for me. So, uh, I want to add the SD audio. The USD window will open here. Oh no, I want to open this other one here that I don't open this other one here that I don't know. GBP GBX USD. That's new. Well,

[11:44] anyway. So here you can add more, and on the side here is where you to what we use. So, for example, in this section with the dollar sign, we can find the list of all

[12:00] available assets within Metatrader. So here we have a list of all the products offered by the brokerage firm you use. So, the assets that you see within your brokerage account, within TradingView, are also available here for

[12:13] you to access and open. Ah, for example, let's imagine you want to add an index, an index that you like. So, for example, we have Forex here, we have commodities, we have Crypto, we have CFDs. Then we get to the

[12:28] CFDs section, and you can look for the index you like here. So, for example, let's imagine you want to add the [roaring] HK50, okay? The Hong Kong index. Then you double- click on it, see? It will turn

[12:41] yellowish and automatically appear here in the market watch window , see, in the left corner. Oh no, I want to add NASDAQ. Double-click on the screen, it turns yellow, and automatically appears here in

[12:54] the market observation section. Ah, Ana, I like trading gold, I like trading SH. So, click here on gold, go to USD, double-click it, and it will automatically appear in your watch window, see? Then, and so on

[13:08] . Everything you want to add is here in this assets window. Just click and choose the assets you prefer. Beauty? We're still up here , going to go over the most important points, but before we

[13:22] move on, we're going to configure our chart, [laughs] This graph, the way it is, what an ugly thing, right? The most archaic, the strangest thing. I think that's why

[13:35] most people get scared when they see Metatrader for the first time, because it really comes all messed up, all disorganized. But now we're going to make this nice and tidy, we're going to make this operational. So let's go. You're going to open up any

[13:47] asset you prefer, whichever asset you want. I'll open it here, starting with GBP/USD. Then you'll right-click and select

[13:59] properties. Now we're going to configure this chart to make it look nice. Of course, all of this is very personal. I'm going to share a configuration that I think will work well for you, but feel free to

[14:12] customize it however you like, okay? So let's go. You'll So let's go. You'll put the color-on diagram here, OK? Beauty? For the background, you can leave it any color you want, I'm going to leave it white, okay?

[14:25] I'm not going to change the first plan. I'm going to leave the grilles white too, because I'm going to remove those grilles that I don't like. We're going to put black bars on the high bar. We're also going to put black on the down bar, okay? So here's the first

[14:39] bullish candlestick pattern. We're going to add some greenery now, to make it add some greenery now, to make it put this teal color here, and then it's up to you . And I'm going to

[14:53] put black as the bottom candle, okay? So it will look something like this . Oh, if I want to add some green, Ana, can I? You can, it's up to you. I'll leave the green one there because I think it looks nicer that way. Line graph, no need to

[15:06] edit. The Bid line doesn't need to be touched. Line ES, no need to change anything. The stop-loss level does not need to be adjusted. Now we're here to show you the price range. Esc. You can mark it. And I think everything else is fine. We're going to

[15:20] cancel this one. This volume of tics is also unnecessary. You can cancel. OK. Okay, then . Give it an OK. And look at the difference, right, everyone? We already have a workable chart here, right? Minimally operable. And I put these

[15:36] candles in green and black, but, for example, oh, Ana, I didn't like it that way, I thought it confused my head. So, you go to the bearish candle you you go to the bearish candle you 're used to and put red, and there you go

[15:49] . OK? Ready. Red and green, a classic and traditional combination that won't confuse you, allowing you to choose the easiest way to do so. Beauty? I'll leave it like this to make things easier for you, but it's up to you

[16:02] , okay? Okay, great, the graph is minimally configured here. So what are you going to do first? You're going to right-click again You're going to right-click again , okay? Click here for templates and

[16:16] save the template. And then you put your name. So, for example, uh, my name is Ana, I'll put Ana here, uh, OK, which is the standard, right? Beauty. So, what are you going to do? When you open another asset by clicking on the little

[16:31] windows below, I will open SDJPY. It's going to open up all messed up again. What do you do? Instead of going through all that configuration, all that step-by-step process, you just right-click again, click on

[16:44] right-click again, click on template, and load template. Actually, it's already right here, look. Ana, ready. Let's do it again so you can decorate it. will be misconfigured. Right-click on the

[16:59] saved with your name, see? Ana, okay, the chart is about to open up nicely, all set up for you. Now we can move on to the top part to unravel all these functionalities. I'll

[17:15] leave the new order for last, but anyway, here you can change to bar chart, candlestick chart , line chart. I'll leave the classic candlestick pattern. I can zoom in on the graph, can you see? Zoom out on the

[17:29] graph. Ah, here you can change the viewing style you'll see every day. So you can put it here in a cascading model, you like it that year, I thought it was ugly. So, close everything, leave only the window you like

[17:46] open, I find it more practical. You can uncheck that right arrow, because if it stays checked you won't be able to go back. Sometimes it keeps going back past the graph on its own, so just uncheck that option and you're good to go. And the little arrow pointing

[18:00] to the left, see? You leave it checked because that way it will show this empty space on the right side, which I also like so I can even make my markings there, it looks better. So leave the first one unchecked and the second one

[18:14] checked, okay? This is for you to save the image of the graph, like taking a screenshot. The little arrow you use, you know , to move the chart back and forth. If you press and hold the cursor , you can measure the points,

[18:28] the bars, within that time period you're marking. See? Here we have the vertical line. Oh, I don't want that line. Then delete it. Ah, I want a horizontal line here. Let's draw a horizontal line here.

[18:43] Note that it comes standard, very thin, and in red. If you want to configure and set it up the way you like, double-click here with the right mouse button, see? You come first in line, there's a

[18:55] really tiny little ball, see? If you hover your mouse over the line, you'll small dot. Right-click on that little circle, go to properties, and there you can standardize the color of your lines. So, since the graph is white,

[19:10] let's make it black here to make it look better. And we're going to increase the thickness a little bit, see? Ready. Now, all the horizontal lines you use will be black and wider, according to your settings. Here

[19:24] we have a trend line. So, look, I clicked here on Metatrader, you have to click and drag, see? Depending on the projection you want to make, it always comes out reddish. Ah, I want to change. Same thing. Click on the

[19:38] little circle, right-click, select properties, and change the color and thickness to your preference. Okay, it's standardized. Ah, I want here, for example, a channel that's far away, I don't use this. Okay, Fibonacci retracement, which we use

[19:53] quite a lot, let's set it up together here as well. So when you click and design, it will come like this from the factory, you see? Amarelinha, kind of all messed up. Same thing. What do we do? Let me delete these lines here

[20:06] first. Wait a minute. Oh, project it, it will appear yellow. Right-click. Sometimes it's difficult to open that little properties window, but that's normal. Properties. Ready. So, what are we going to do here?

[20:20] preferred color. I'll put the little black one here. Okay, let's see here. Visualization. We're going to move on to the next levels, you see?

[20:32] Let's change everything to black; I think it'll be easier to see that way. Beauty? Here you can add or delete. So, for example, I'm going to delete number 23, which I for example, I'm going to delete number 23, which I don't use. I'm going to delete 38,

[20:46] I'm going to leave 61, I'm going to leave 50, I'm going to leave 100%. I'm going to delete this 261, I'm also going to delete this 161, and I'm going to delete this 423. And here, if you want, you can

[21:03] leave it as a percentage. So, for example, here I can put example, here I can put percent, I can type it here, you see? Just to keep everything standardized. Okay, that's it, our Fibonacci retracement is configured. That's all

[21:17] . Once you do it, it will always be configured for you, okay? Still here at the top right, there's a text option. I don't use these tools here . So what do we have here? The

[21:31] . So what do we have here? The timelines, you see? M1, M5, M15, M30, timelines, you see? M1, M5, M15, M30, oh, H1, H4, daily, weekly, monthly. We already have all the timeframes available here, the main timeframes, okay? If you have a

[21:48] timeframe that you use that isn't listed here, just right-click on it . He's coming right up against the team, you see? Right-click and select " Customize". And here, for example, I really like using M2, it's not over there, look.

[22:01] See? I click on it and paste it here to insert. Ah, let me see if there are any more that I like. 2 hours isn't there. Insert. Oh, it's not there at 8 o'clock. come here now and I can organize things. So, I click on the 2-minute mark, move it up there

[22:17] , see, after the 1-minute mark. Ah, I'll put this 2 hours after the 1 I'll put this 2 hours after the 1 hour here. I put this 8 hours after the 4 And that's it, everything's organized, everything's nice and tidy, and ready to close. Now all the teams

[22:33] you selected will appear up here using this key, these shortcut keys. And here you also have the option to reduce the size of these assets that are located in this corner, see? Leave just

[22:47] enough information so you can visualize the parity, making it more graphical and less detailed. Here below as well, if you want, you can reduce it; see, hovering your mouse over it will show this little arrow, you can reduce it,

[23:00] see? And just look at how it is down here. I only have two assets selected and configured. See? How do I add more assets to keep them all organized down here? Go to the

[23:13] watch window, market watch, right-click and choose chart window. It will automatically open here, right-click, go to template and add your template, and

[23:27] so on. Ah, I'll add GBP/USD, chart window, it will open here, see? Templates, add my template. So, to make your day-to-day life even easier , take this bottom horizontal bar

[23:41] and add all the main assets you trade here, because that way now that I've shown you this whole process. Just keep clicking, and the asset will open for you automatically in a very smooth way, okay? And to wrap things up,

[23:56] how do you open an order using Metatrader? The first thing you do is go up here, in the upper left corner, click on "new order" and your order form will open . In the order form, it automatically opens the asset that you have

[24:12] selected. So, since I'm using SDJPY, it opened directly in SDJPY. And here you have the option of market execution, which is to open the order instantly, automatically, or

[24:27] to place a pending order, which is the limit order we're talking about, where you leave that order hanging at a specific point on the chart, so to speak. Well, if I have by limit, I want to buy, that is, buying is the

[24:42] same as by limit. If I want to sell at market price, remember that, okay? So, how many lots you want to enter in that operation. You set the price. So,

[24:55] for example, I have this asset here at 158,560. Let's imagine I want to sell when it reaches 158,710. So, what do I do? I'm coming here, look. So, what do I do? I'm coming here, look.

[25:10] 158,710 is my price. I'll put the little dot, okay? 710 is my selling price, okay? I want to sell. So, I come here, silent, look . Excel limit at 158,710. Maximum loss. If I want to sell at 158,710, let's say, I want to place my stop

[25:26] at 158,880. So I come here, see, 158,880 will be my stop. Maximum profit. What will my take-profit point be?

[25:38] My target, I want my take profit. If I want to sell here, I want to target that bottom 157. It's 945. So I come here to 157.945

[25:51] and that's it, I have all my questions answered. If I come here to place because I don't have any funds in this account yet. Let's see if it works. Oh, it's already been put on, can you see? So let's wrap it up here. Look how cool! He already set my

[26:05] dotted line, where it says here, see, Cell Limit, see, 158 710. I have the stop loss a little above that, you see? And I have my take profit down here in this

[26:18] take profit down here in this region. Ah, if I want to move this take profit or stop loss by this amount, I just click on the line. Let's see if the " Ó" clicks and you can automatically move. Oh, you accept the terms, OK? And it

[26:31] will automatically move there for you. See? Ah, I want to move the take profit. Oh, can I click here above the line? Oops. I click here above the line and drag. Ah, it makes this kind of strange noise, but that's how it's supposed to be

[26:44] , okay? Oh, and here's another option, which is the same as zoom in and out on the chart. So, folks, these are the basic tools. Ah, I want to enter an order automatically, Ana. A new order, instead

[26:59] of being a pending order, is a market execution. So, for example, I want to sell, it's already here, see, sell at market price. He clicked, and he'll be in right away. Remember that you always have to fill in the volume, which is the number of lots

[27:12] you want to trade, and also put here your maximum loss and your maximum profit. If you don't want to enter the trade already filled in stop loss and take profit, you can simply execute the order. So, for example, selling at

[27:27] market price here, I want to sell. I sold here at market price, I execute the order, but he won't place it because there's no balance. I execute the order and automatically, on the entry line, the line where I executed it, I can click and drag the

[27:40] take profit and stop loss, just like we do on TradingView , okay? So, I think we've been through everything. I think these are the main tools. One thing I do a lot, and this is a tip I give

[27:52] you, is that I find TradingView more complete. I use it to do my analysis, and it's a free platform. You can analyze very well with it if you're used to it. But at the same time, to trade

[28:07] directly through it, unless you pay for the pro version, unless you make a larger deposit to get premium access, it's bad to trade because it has a very large delay. So, for those who only use the free version of

[28:22] TradingView, it's only useful for analysis, right? Now, if you can invest a little more, Vantage itself has some conditions where you free, okay? I can even leave a link in the description that

[28:37] mistaken, you have to make a slightly larger deposit there. Finally, I'll leave it here in the description so you can see it. Ah, then I think all the tip I'm giving. Analyze the data using TradingView and execute the execution through MetaTrader; it's

[28:52] much cheaper that way. And that's basically it. If you enjoyed this video, if it helped you in any way, don't forget to leave a like and follow me here, like this. Thank you very much and see you in the

[29:05] like this. Thank you very much and see you in the next video. Kisses. Free. Yeah.