What You Need to Know About the MT5 Forex Platform Updates

I’m sure my buddy Robopip would do his happy robot dance once he finds out that the MetaTrader 5 Platform now comes with features for faster forex mechanical system backtesting, but I don’t want to interrupt him from his Forex EA Tutorial Series so I’m gonna be the one to give y’all the scoop instead.

In their latest update of the MT5 platform, MetaQuotes unveiled new features catering mostly to forex expert advisor enthusiasts. For starters, the enhanced Navigation panel now lists all the EAs running on the active account, along with the chart or symbol that it is trading on. This definitely makes things easier to monitor for those running multiple EAs on their platform.

metatrader5 navigation

Image from MetaQuotes.net

Apart from that, right-clicking on each EA could allow the user to enable or disable automated trading, view its properties, or remove it from the chart.

What really got forex EA fans giddy were the updates on the Strategy Tester feature of the MT5 platform, which could pave the way for more accurate and efficient backtesting. The latest changes should allow for a shorter amount of time spent on preparatory operations and speedier testing and optimization, both through local testing agents or via the integrated cloud computing network.

Improvements on the MQL5 Cloud Network have also been launched, along with the viewability of unread emails on the Mailbox tab. Aside from that, migration issues for custom indicators on the virtual hosting environment have also been fixed, as well as errors in MQL5 functionalities.

If you’re not really into forex EAs, well, you should know that the MT5 update also features a terminal interface that is better adapted for higher resolution screens (Yay, eyeballs!). The developers were also able to fix a bug that occasionally wipes the database of client accounts when a new terminal is installed over an existing one.

How are you liking the latest updates on MT5? Find ’em useful or would you rather see other features added? Let us know what you think by dropping a line in our comments section below!