MetaTrader 5 (MT5) is a popular trading platform for forex and CFD traders. Combining the MT5 to TradingView can improve advanced technical analysis and trading capabilities.
You can link MT5 to the trading view by following some simple steps.
In this article, I’ll explain the step-by-step process of “How to link MT5 to TradingView?”.
The benefits of linking MT5 to TradingView
The benefits of linking MetaTrader 5 (MT5) to TradingView can be a game-changer for traders. It seeks to improve their trading experience.
It is designed with several advanced features to improve market analysis and trading efficiency.
Let’s explore how integrating these two powerful platforms can elevate your trading strategies.
Multiple chart types: From candlesticks, bars, and lines, traders can select the chart type that best suits their analysis.
Time frames: A wide range of time frames allows traders to conduct micro-analysis as well as macro-trend reviews.
Streamlined operations: Trades can be executed directly from TradingView charts and switch between platforms for streamlined operations.
Real-time data: Both sites update simultaneously. So, traders can act on the most up-to-date information.
Check out our: How to add Market Watch in MT5?
Steps by Steps Guide: How to link MT5 to TradingView?
By Following these steps you will able to link MT5 to TradingView:
Step 1: Install the TradingView Charting Library on MT5
The first step is to integrate TradingView’s charting library into your MetaTrader 5 platform. Follow these steps:
- Open your MetaTrader 5 platform.
- Go to the ‘File’ menu and select ‘Open Data Folder.’
- Navigate to the ‘MQL5’ folder and then select ‘Indicators.’
- Download the TradingView charting library from the TradingView website.
- Extract the downloaded files and copy the contents into the ‘Indicators’ folder.
Step 2: Add TradingView Symbol to MT5
After installing the TradingView charting library, you need to add the TradingView symbol to your MetaTrader 5 platform:
- Restart your MetaTrader 5 platform.
- Open a new chart.
- In the ‘Market Watch’ window, find the TradingView symbol (usually ends with ‘_tv’) and drag it onto the chart.
Step 3: Link MT5 and TradingView Accounts
To enable communication between MT5 and TradingView, you’ll need to create an account on TradingView and link it to your MT5 account:
- Open TradingView in your web browser.
- Sign in or create a new account.
- Go to the ‘Chart’ tab and select the Trading Panel.
- Click on the settings icon and choose ‘Trading Panel.’
- Select ‘Connect’ under the broker section.
- Choose ‘MetaTrader’ as your broker and enter your MetaTrader account credentials.
Step 4: Enable Websockets in MT5
To establish a real-time connection between MT5 and TradingView, ensure that WebSockets are enabled on your MT5 platform:
- Open your MetaTrader 5 platform.
- Go to ‘Tools’ and select ‘Options.’
- In the ‘Expert Advisors’ tab, check the box next to ‘Enable WebRequest for listed URL.’
- Add the following URLs to the list:
- https://data.tradingview.com,
- https://www.tradingview.com,
- https://www.forex.com, and
- https://www.metatrader5.com.
Step 5: Start Trading on TradingView via MT5
Now, your accounts are being linked. you can start trading directly from TradingView using your MT5 account:
- Open a chart on TradingView with the connected symbol.
- Use the Trading Panel to execute trades on your linked MT5 account.
- Analyse charts, use TradingView’s drawing tools, and execute trades seamlessly.
Combining MT5 with TradingView, taking a proactive approach, and addressing challenges with speed will ensure that traders focus on maximizing their market strategies.
The Bottom Lines:
By connecting MT5 to TradingView, you can get more advanced charting tools that can help you improve your trading approach.
Don’t worry about how to link MT5 to TradingView? That’s not that hard. Just do what I tell you to do.
Don’t forget that trending features can change at any time by updating. So, start linking now.
FAQ:
Is trading directly from TradingView to Mt5 possible?
No. Trading directly from Tradingview to MT5 is not possible as these platforms are independent.
What are the steps involved in linking Mt5 to TradingView?
Third-party tools or scripts must be used to link MT5 to TradingView. There is no official direct integration. You need to find bridge software to connect both platforms
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