MT5 Hacks: Lesser-Known Features That Can Boost Your Profits

MetaTrader 5 (MT5) is one of the most powerful and widely used trading platforms out there. While many traders know the basics—placing trades, using indicators, setting stop-losses—there’s a treasure trove of lesser-known features within MT5 that can seriously level up your trading game. In this post, we’ll dive into some of the best-kept hacks of MT5. These features don’t just make you look like a trading wizard—they can actually boost your efficiency, decision-making, and ultimately, your profits.

MT5 Hacks: Lesser-Known Features That Can Boost Your Profits

Let’s start:

1. One-Click Trading with Depth of Market (DOM)

MT5’s Depth of Market (DOM) isn’t just for institutional traders. It lets you see where the liquidity is and how the market is stacking up on both sides. Combine it with one-click trading, and you can execute trades faster than ever—perfect for scalpers and day traders.

How to Use It:

• Go to the Market Watch panel → Right-click a symbol → Click Depth of Market.
• Enable One-Click Trading from the settings to activate quick trade buttons directly from the chart or DOM.

2. Built-In Economic Calendar

You no longer need to flip between MT5 and your browser to track market-moving events. MT5 has a built-in economic calendar that highlights global financial news, complete with impact ratings and scheduled times.

Why It Matters: Economic events can create volatility. Being prepared can help you avoid unnecessary risks or capitalize on price swings.

3. Strategy Tester with Real Tick Data

Want to test your trading ideas without risking capital? MT5’s Strategy Tester lets you backtest Expert Advisors (EAs) and indicators using real tick data—giving you a more accurate picture of how your strategy might perform in live markets.

Pro Tip: Use Visual Mode to watch how trades would play out on historical charts. It’s a great way to refine your strategy and build confidence.

4. Use Custom Timeframes

MT5 lets you go beyond standard timeframes (M1, M5, H1, etc.). You can create custom timeframes like M2, H3, or even 10-minute charts.

How To Do It:

• Open the Navigator window → Scripts → Use the PeriodConverter script.
• Apply it to a chart and customize the timeframe interval to suit your strategy.

This is especially useful if you’re looking to gain an edge others might miss on traditional timeframes.

5. Detach Charts for Multi-Screen Trading

Got multiple monitors? MT5 lets you detach charts from the main terminal and move them around, so you can monitor different markets or timeframes more easily.

How To:

• Right-click on a chart → Select Detach Chart.
• Now you can move it freely across screens.

It’s a huge productivity boost for traders who monitor several pairs or assets at once.

6. Partial Close Functionality

Managing trades effectively is key to locking in profits. MT5 lets you partially close trades, so you can take profit on a portion of your position and let the rest run.

Example: If your position is 1.0 lot, you can close 0.5 when your trade is in profit, and leave the other 0.5 open with adjusted stop-loss and take-profit levels.

7. Alerts with Custom Notifications

Set alerts for price levels, technical conditions, or even custom indicator signals—and get them via sound, email, or push notification on your phone.

How To:

• Right-click in the chart → Select Trading → Alert.
• You can also go to the Terminal panel → Alerts tab to configure more complex notifications.

This is a great way to stay ahead of opportunities even when you’re not glued to the screen.

8. Advanced Order Types (Buy Stop Limit & Sell Stop Limit)

MT5 offers Buy Stop Limit and Sell Stop Limit orders, which are hybrids of stop and limit orders. They’re perfect for traders looking to enter trades only after price confirms a direction but at a better price.

Why Use This: These advanced order types offer more flexibility and precision in trade execution—especially during volatile market conditions.

9. Built-In VPS Hosting

If you run EAs or need uninterrupted trading (especially during news events), MT5 offers integrated Virtual Private Server (VPS) hosting for low-latency, 24/7 trading.

How To Activate: Go to Navigator → Right-click your account → Select Register a Virtual Server.

This is ideal for algorithmic traders or those who want to avoid slippage and disconnects.

10. Market Sentiment Tools (via Add-ons)

Though not native to MT5, many brokers and third-party tools offer market sentiment indicators that can be integrated into your platform. These show the percentage of traders who are long or short on a particular asset.

Why It Helps: Understanding crowd psychology can help you avoid following the herd and identify contrarian opportunities.

Also, if you want to compare it with other platforms, click HERE.