MT5 News On Chart is a powerful tool that allows traders to stay updated with real-time news events directly on their MetaTrader 5 (MT5) trading platform. It offers a convenient way to monitor news releases and their potential impact on the financial markets.
Key Features of MT5 News On Chart
- Real-Time News Feeds: MT5 News On Chart provides traders with live news updates, ensuring that they are always aware of the latest developments in the financial world.
- Customizable Alerts: Traders can set up customizable alerts based on specific news events, keywords, or asset classes to receive timely notifications.
- Impact Analysis: The tool often includes an impact assessment, helping traders understand the potential significance of a news event on their trading positions.
- Integration with MT5: MT5 News On Chart seamlessly integrates into the MetaTrader 5 platform, making it easily accessible for MT5 users.
How to Install and Use MT5 News On Chart
In the MT5 Platform, go to Tools (top menu) then Options. Under Server tab, ensure Enable news is ticked.
Next, in the Toolbox section (usually down the bottom of the platform), go to Calendar then right click in the area with all the content and information about the calendar events. When you right click, a menu should appear and you can then go to Show on Charts to make your selection.
You may wish to Auto Update, add all events now or delete them from the chart.
Benefits of Using MT5 News On Chart
Using MT5 News On Chart can offer several advantages to traders:
- Improved Decision-Making: By staying informed about news events, traders can make more informed decisions and reduce the risk of unexpected market movements.
- Time Efficiency: The tool saves traders time by consolidating news information directly into their trading platform.
- Enhanced Trading Strategy: Integrating news analysis into your trading strategy can lead to better risk management and profitability.
- Customization: MT5 News On Chart can be tailored to your specific trading needs, ensuring you receive relevant news updates.
How do I turn off news on MT5?
News on MT5 can be turned off by going to the calendar tab in the Toolbox section, right click in the space then head to Show on Charts and Delete All Events.