Trading guides for MetaTrader 5 traders
How to plan, size and review your trades in MetaTrader 5, step by step and with worked numbers.
- How to calculate position size in MetaTrader 5The formula for lot size from your stop and your risk, with three worked examples in MT5: EURUSD, USDJPY and gold. Plus lot steps and commission.Updated
- How to set a daily loss limit in MetaTrader 5MT5 has no daily loss limit of its own. How to pick the number, what should count toward it, when the day starts and what happens when you reach it.Updated
- R multiple: how to measure trades in RWhat 1R is, how to turn any trade into an R multiple and how to get your expectancy from ten trades. A worked EURUSD example with commission.Updated
- How to keep a trading journal: what to write before and after a tradeWhat to write before the session, before each trade and after it closes, with a filled-in example. A journal short enough that you'll still keep it.Updated
- Break-even and partial close in MT5: how to automate themHow to move a stop to break-even and close part of a trade in MetaTrader 5, by hand and automated. With commission, lot steps and a worked EURUSD example.Updated
- How to export trade history from MetaTrader 5Save your MT5 trade history as a report in four steps: History tab, Positions, period, Report. What the file holds and how to turn it into a journal.Updated
- What an MT5 trade manager does (and when you need one)A trade manager handles the mechanics of a manual trade in MetaTrader 5: lot from risk, break-even, partials, limits. What it adds and when you need one.Updated
- How to test an MT5 utility in the Strategy Tester before you buyHow to run an MT5 utility in the Strategy Tester before you buy: visual mode, what to click, a lot check and what the tester can't show you.Updated
- cTrader trading journal: import your historySave your cTrader history as a statement from the History tab, then turn it into a trading journal: what to record next to each trade and how often.Updated
- Weekly trading review: a simple routineA 30-minute routine for the end of the trading week: the numbers in R, plan against what happened, your own notes and one change for next week.Updated
- Match-Trader trade history: how to journal itExport your closed positions from Match-Trader as CSV, then turn the file into a trading journal: what to add to each trade and why R beats money.Updated
- Tradervue, TraderSync and Edgewonk alternatives: how Tapebook comparesHow Tapebook compares with Tradervue, TraderSync and Edgewonk: where each one runs, how trades get in and who each journal may suit better.Updated