Download MetaTrader 5

Please help a newbie to understand whats going on.

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tematema1
12
tematema1  
Hi, i am totally new to forex and metatrader. I started to read a material about trading today and got stuck at one point with mt5. Obiviously i created a demo account using AMPGlobalClearing-Demo-CQG server. All went good, account created. I just want to check out the trade process (buy/sell) but i have a problem. New order button is greyed out as well as all the charts in the upper left corner. When i point the mouse cursor on the chart it says "trade disabled". I am logged in with a normal demo account, not investor(it should work i guess). According to Toolbox/Journal everything is good i am connected and it says "trading is enabled", but i have no luck at all. Im not sure i was thinking that maybe the market is closed, but today is tuesday and according to time in mt5 its around 1:30pm. Here is a screenshot of my mt5. Ive searched for hours for the solution online, but no luck. Hope someone can help me here. Thanks
whroeder1
17125
whroeder1  

Enable autotrading

  1. Click the button


  2. Or enable the options
  3. You may want to remove the button afterward.
anurag bhargava
553
anurag bhargava  
May be that time you were not registered with the broker.
I think now you can try trading.
Eleni Anna Branou
Moderator
4851
Eleni Anna Branou  
tematema1:
Hi, i am totally new to forex and metatrader. I started to read a material about trading today and got stuck at one point with mt5. Obiviously i created a demo account using AMPGlobalClearing-Demo-CQG server. All went good, account created. I just want to check out the trade process (buy/sell) but i have a problem. New order button is greyed out as well as all the charts in the upper left corner. When i point the mouse cursor on the chart it says "trade disabled". I am logged in with a normal demo account, not investor(it should work i guess). According to Toolbox/Journal everything is good i am connected and it says "trading is enabled", but i have no luck at all. Im not sure i was thinking that maybe the market is closed, but today is tuesday and according to time in mt5 its around 1:30pm. Here is a screenshot of my mt5. Ive searched for hours for the solution online, but no luck. Hope someone can help me here. Thanks

If your demo account is up and connected to broker's server, maybe you have to add trading symbols (pairs) by going to: View >> Symbols.

Sometimes the symbols loaded with your platform, are not the correct symbols for trading.

Michael Maggi
1679
Michael Maggi  

You don't mention your options setup.  That is one thing to check.

If you right click on the chart, what window opens?  It should give you choices to set different types of orders.  When you select an option on this window another window will open with the chance to set size of the order and then buy or sell.

To check your Market Watch pairs, click on the symbols column and get a window that allows you to add, sort, and change info columns for your symbols. For the demo account you may have a limited number of currency pairs and CFDs available.  If there are special symbols for broker products then the correct symbols will be downloaded (you have the standard MT4 symbols but some brokers add prefix or suffix).

If the market is not open when you place an order you will get an error message that says that, so this is apparently not your problem.

AutoTrade only impact robot trading orders, not manual orders.  It will also impact the updating of an indicator that is controlled by an EA instead of just being a simple indicator.

YouTube has some videos about setup MT5. You can search on YouTube and get dozens if not thousands of videos to help you learn anything you want from MT5 basics to various indicators, systems, and robot trading.

One hint:  don't send anybody any money until you have the chance to absorb some of the basics and play around with the demo.  People promise riches and show great results on their videos but most of the claims are false.  People who make money trading make their money by trading and not getting newbies to send them money.  Buying indicators or commissioning new indicators and systems being built is not a bad idea after you get started, but paying money is no substitute for learning yourself and getting some experience.

Check out CODE SHARE for free code to learn with and also check of the FREE indicators and EAs for trading ideas. One of the best ways to learn is to see what does not work, which is mostly what you get with free stuff. 

Good luck. PM me if you have some specific question.

tematema1
12
tematema1  
Hey guys, thank you for quick replies, I appreciate your help. The solution was quite easy. After unsuccessful trying to register to other demo servers i found online, i decided to install the app to my phone and check out what server does it uses. It was using metaquotes-demo server which worked fine on my phone. So i decided to use the same on my laptop and its working. I am total noob to forex but as i see it wasnt the issue of a mt5, it was an issue of server(dont know the reason). Its quite long way to go for me to start playing with real money, but at least now i can follow the book i read and do what they write to practice and get familiar to this scene. Thanks god i have time to do it. Hopefully it wont take too long, and i know i have to be carefull and practice practice and practice for long months to understand what am i getting into. Anyway it is offtopic, but maybe someone can recommend a good website for learning MT5 and Forex? I heard babypips is quite good for "stupid" people who just start to get familiar with this thing. Anything else? Million thanks for the answers again!
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