The fifth generation of the MetaTrader platforms, MetaTrader 5 offers increased functionalities and features from its predecessor and quickly became one of the most popular trading platforms by online foreign exchange traders and brokerage services around the world.
Automated trading is possible on MT5, using trading robots, or Expert Advisors, which analyze quotes and perform operations on the financial markets. There are pre-installed technical indicators and trading robots in the platform, but traders can install more or develop their own Expert Advisors by using the programming language, MetaQuotes Language 5 (MQL5).