What is an MT5 trading platform?
The phrase means two different things depending on who's saying it.
Usually it means the MetaTrader 5 terminal itself — the software most retail forex and CFD brokers issue accounts on, where your login lives, where orders are actually placed and where the broker relationship sits. That's infrastructure. It isn't going anywhere, and nothing on this page suggests replacing it.
But traders also use "MT5 trading platform" to mean the wider environment they run around that account: where they chart, where they mark levels, where they read flow, where they decide. In practice those are often two different applications, which is why so many MT5 traders end up analysing in one window and clicking in another.
Tradify is the second kind. It's a browser-based trading workspace that connects to MetaTrader 5, giving MT5 traders one environment for charting, analysis, order flow, execution and review. MetaTrader 5 keeps the account, the broker connection and the execution; Tradify supplies the interface and the workflow on top. It's an independent product, not a MetaQuotes one.
How Tradify works with MetaTrader 5
The link is an Expert Advisor called TradifyConnector, running inside your own MetaTrader 5 install. It opens a socket to Tradify, streams what you tell it to stream, and receives order instructions back. Nothing sits between you and your broker that wasn't already there — the terminal still places every order.
- Your MetaTrader 5 account Broker, login, margin, and the terminal that actually places orders.
- TradifyConnector An Expert Advisor attached to a chart in your terminal. Streams prices out, takes order instructions in.
- Tradify, in the browser Charting, analysis, order flow, the order ticket, position management and the journal.
Once it's connected, the working loop closes into one window:
- 1Chart
- 2Analyse
- 3Execute
- 4Manage
- 5Review
What setup involves
Roughly two minutes, and no coding. In outline: download the TradifyConnector Expert Advisor, copy it
into your MT5 Experts folder, allow the Tradify host in MetaTrader's
WebRequest settings, attach the EA to any chart, paste in your API token, and switch on the capabilities
you want. The MetaTrader 5 setup guide has the exact paths,
the current connector build and the settings screenshots — it's the page to follow, rather than this one.
Stream your MT5 market data into the browser
The connector has two capabilities, and they're independent toggles on the same Expert Advisor. This catches people out, so it's worth being precise: streaming and trading are not the same switch, they use separate connections, and you can run either one on its own.
Trading
Routes orders to your terminal and reports positions, pending orders and account state — balance, equity, free margin, leverage — back to Tradify. On by default in the connector.
Streaming
Sends live ticks and candles for the symbols in your terminal's Market Watch, so you can chart your own broker's prices. Off by default — turn it on if you want your broker's feed rather than Tradify's.
Turn on trading alone and you keep charting Tradify's market feed while executing on your account. Turn on both and you can chart your broker's own prices — useful when the spread and the exact quote you're filled against matter to the decision. Each connected terminal shows up separately, with its own Market Watch symbols, and Tradify caches its candles in your browser so revisiting a symbol doesn't re-hit the EA.
A personal MT5 stream is live-only, by design. Prices from your terminal are never stored on Tradify's side — they exist while you're connected and are gone after that. Historical backfill, deep scrollback and replay data therefore come from Tradify's own market feed, not from your broker. Depth-of-market messages from a personal stream aren't carried either; see order flow below for where depth does come from.
Trade MT5 directly from your chart
The order ticket starts as a drawing. Sketch a Long, Short or Risk/Reward on the chart and you've already defined the three numbers an order needs — entry, stop, target. Size it, send it, and it goes to your terminal as a real order on your real account.
Placing the order
- Market, limit and stop orders, each with stop loss and take profit attached.
- Risk-based sizing. Set risk as a fixed lot, a percentage of balance or a cash amount; the lot size follows from the distance to your stop rather than from mental arithmetic.
- Account state on screen — balance, equity, free margin and leverage, updating as the terminal reports them.
Managing it afterwards
Open positions and pending orders draw on the chart with their SL and TP levels. From there:
- Partial close — 25/50/75% chips or any 1–99% you type, with a live lot preview.
- Edit SL/TP — absolute prices, with a one-click break-even shortcut that moves the stop to entry and leaves the target alone.
- Reverse — closes the position and opens the opposite side at the same size.
- Scale in — another market order in the same direction and size.
- Drag the SL and TP lines on the chart to modify them.
- Cancel a pending order, or close everything at once when several are open.
What Tradify does and doesn't control. Orders are sent asynchronously and acknowledged the moment your terminal queues them — before the fill, not after it — so a slow broker response can't freeze the interface. The fill itself, the price you get, the spread and any slippage are entirely between your terminal and your broker. Tradify doesn't guarantee execution or a price, and nothing about this connection changes your broker's conditions.
Advanced charting for MT5 traders
Tradify isn't only a connection layer — the charting is the reason most people arrive. A lot of MT5 traders already run a second charting application alongside the terminal, not because MetaTrader can't draw a chart, but because they want a different analysis workflow. That second window is the one Tradify is trying to absorb — the MT5 charting guide covers the analysis side in full.
- 89 indicators and 84 drawing tools, every indicator adjustable and every drawing reshapeable and saveable as a template.
- Seven chart styles — candles, hollow candles, Heikin-Ashi, OHLC bars, line, area and Renko — across more than two dozen timeframes, from 5-second bars to monthly.
- Multi-chart layouts — up to four independent panes in eight arrangements, each with its own symbol, timeframe, indicators and drawings Pro+.
- Alerts on price, indicator conditions or a trendline you've drawn, with in-app, sound and browser-push delivery.
- Bar replay to step back through history Pro+.
- WebGL rendering that stays fluid across 100,000+ candles, with a Canvas fallback for browsers without it.
Whether that beats your current setup depends entirely on what your current setup is — this isn't a claim that these charts are better than MetaTrader's, only that they're a different environment, and one that happens to have the order ticket in it.
Order flow tools alongside your MT5 workflow
Order flow is where a browser workspace stops being a nicer front end and starts being a different category of tool. Tradify's microstructure toolkit covers:
- Footprint charts — a heat-map of how much was bought and sold at each price inside every candle, with the Point of Control and imbalances marked.
- Cumulative delta — net buying against selling pressure over time.
- Buy/sell volume split — volume bars separated by side.
- Depth of Market and spread analysis — where resting orders sit.
- Time & Sales — every print as it happens.
- Tick charts — bars that close on activity rather than the clock, from 1 to 1000 ticks.
Where this data comes from matters, so here it is plainly. The order-flow tools are built on Tradify's own market feed — footprint bars, tick-count bars, delta and depth are all derived server-side from that feed. They are not reconstructed from a personal MetaTrader 5 stream: your terminal's connection carries your broker's prices and your account, and Tradify does not build footprint or depth out of it. If you read flow, read it on the Tradify feed.
In practice that separation is the design rather than a limitation. Chart panes each pick their own data source and their own connected terminal, so a normal setup is one pane on the Tradify feed carrying the footprint and the DOM, and the execution going to your MT5 account — analysis and order entry in the same window, without pretending the two data paths are one. Order flow is an Elite-plan feature.
Practice before risking real capital
Connecting a live account to a new interface on a Monday morning is a bad idea, and the workspace has an answer for that. Bar replay runs past market data forward at your pace — step by step or played back — and paper trading places simulated orders with nothing at risk. Every session records its trades, its stop and target hits and its running P&L, and past sessions stay available to look back at. Both are Pro+.
The useful thing is that practice happens in the same environment as the real trade — same layout, same drawings, same order ticket — so what you rehearse transfers. A sane order of operations:
- 1Study the setup
- 2Replay it
- 3Paper trade
- 4Review
- 5Go live
None of which makes a strategy profitable. It just means the first time you use the interface for real isn't the first time you've used it.
Review the trades you actually took
The trades you send from Tradify are recorded automatically, so the review sits at the end of the same workflow that started with the chart. Outcomes, wins and losses in one place, without a spreadsheet anybody has to remember to update — which is the reason most hand-kept journals stop about three weeks in. The trade journal is Elite.
It's deliberately a record rather than an analytics suite today. Deeper performance analytics are on the roadmap and aren't shipped, and we'd rather say that than imply otherwise.
Do you still need MetaTrader 5?
Yes. Tradify connects to MetaTrader 5; it doesn't replace it. Your account lives with your broker on MT5, your orders are placed by the MT5 terminal, and the TradifyConnector Expert Advisor runs inside that terminal. The terminal has to be open, logged in and connected for prices to stream or orders to route — close it and that connection simply goes offline until it's back.
The clean way to hold it in your head: MetaTrader 5 is the account and the execution infrastructure; Tradify is the workspace you drive it from. Traders who need the connection up while their own machine is off generally run the terminal on a VPS, exactly as they would for any other Expert Advisor — that's a MetaTrader arrangement, not a Tradify feature.
Tradify vs. using MetaTrader 5 alone
The point of this table isn't that MetaTrader 5 is lacking — it's a capable terminal that a very large number of people trade successfully on, and much of what it does is broker- and configuration-dependent rather than fixed. The point is to show what the second layer adds, and what it costs you to add it.
| Capability | MT5 alone | Tradify + MT5 |
|---|---|---|
| Account & execution | The terminal places every order | Unchanged — still the terminal |
| Browser workspace | Web terminal available; desktop is the main environment | Full workspace in the browser, nothing to install |
| Indicators | Built in, plus the MQL5 Market | 89 built in, all adjustable |
| Drawing tools | Built-in object set | 84, reshapeable and saveable as templates |
| Footprint | Not built in; third-party products exist | Point of Control and imbalances, on the Tradify feed Elite |
| Cumulative delta | Not built in; third-party products exist | Built in, on the Tradify feed Elite |
| Depth of Market | Built-in DOM window; depth depends on the broker | DOM and spread analysis, on the Tradify feed Elite |
| Replay | Strategy Tester visual mode — a different tool | Bar replay, step or play Pro+ |
| Paper trading | Broker demo account | Simulated sessions with recorded P&L Pro+ |
| Order entry from a drawing | Order ticket; trade levels draggable on chart | Long / Short / Risk-Reward drawing becomes the order |
| Risk-based sizing | Lots entered directly; risk sizing via scripts or EAs | Fixed lot, % of balance or cash risk, sized off the stop |
| Trade management | Close, modify and drag trade levels | Partial close %, SL/TP edit, break-even, reverse, scale-in |
| Trade journal | Account history and exportable reports | Trades recorded into a review workflow Elite |
| Deep history | From your broker | From the Tradify feed — a personal MT5 stream is live-only |
| Setup cost | Already installed | One EA copied in, plus a terminal that stays running |
Who is Tradify for?
Likely a good fit if…
- You trade a MetaTrader 5 account and already run a second charting tool
- You want to execute without switching windows mid-decision
- Footprint, delta or DOM are part of how you read a market
- You want replay and paper trading in the environment you trade in
- You want the review to happen automatically
- You'd rather work in a browser than install another terminal
Probably not, if…
- The standard MT5 terminal already does everything you need
- You don't want extra charting or analysis on top of it
- Your broker or account setup restricts Expert Advisors and algo trading
- You can't keep a terminal running when you need the connection live
- You need your own broker's depth and history inside Tradify — that's the Tradify feed's job
- Your broker's symbol naming needs mapping you'd rather not configure
Worth knowing before you invest time: execution is on the Pro and Elite plans, and each new account gets a 7-day MetaTrader 5 execution trial, which is enough to connect a terminal and find out whether the workflow suits you. The free Starter plan covers charting with tight limits and one connected terminal. If you're weighing Tradify against a browser charting platform rather than against MT5 itself, the TradingView alternative guide covers that comparison instead.
Frequently asked questions
Can I use Tradify with MetaTrader 5?
Yes. Tradify connects to a MetaTrader 5 terminal through the TradifyConnector Expert Advisor, which you attach to a chart inside your own install. Tradify is an independent product, not a MetaQuotes one, and it doesn't replace MT5 — your account, broker relationship and order execution all stay there.
Can I trade my MT5 account from Tradify?
Yes, with the connector's trading capability enabled. Market, limit and stop orders with SL and TP go from the chart to your terminal, and open positions can be partially closed, modified, moved to break-even, reversed or scaled into. Live execution is on the Pro and Elite plans; every new account gets a 7-day MetaTrader 5 execution trial.
Does Tradify stream live MT5 prices?
Yes, with the streaming capability enabled — live ticks and candles for the symbols in your terminal's Market Watch. A personal MT5 stream is live-only and never stored, so historical backfill and deep scrollback come from Tradify's own market feed rather than from your broker.
Do I need to install anything?
Tradify itself runs entirely in the browser with nothing to install. Connecting MT5 is the one exception: you copy the TradifyConnector Expert Advisor into your MetaTrader Experts folder and attach it to a chart. That's a file copy inside MetaTrader, not a separate application. The setup guide walks through it.
Can I place market, limit and stop orders?
Yes, all three, each with an optional stop loss and take profit. Size can be a fixed lot, a percentage of balance or a cash risk amount, with the lot calculated from the distance to your stop.
Can I manage existing MT5 positions from Tradify?
Yes. Positions and pending orders draw on the chart with their SL/TP levels. You can close in part or in full, edit SL and TP, move the stop to break-even in one click, reverse, scale in, cancel a pending order, or drag the SL and TP lines directly on the chart.
Does Tradify support footprint charts?
Yes — with Point of Control and imbalances marked. Footprint and the rest of the order-flow toolkit are built on Tradify's own market feed rather than reconstructed from a personal MetaTrader 5 stream. Order flow is an Elite-plan feature.
Does Tradify have a DOM?
Yes, with spread analysis, alongside Time & Sales, cumulative delta, buy/sell volume split and tick charts. Depth is served from Tradify's market feed; depth messages from a personal MT5 stream aren't carried. These are Elite-plan features.
Can I paper trade before using real money?
Yes. Paper trading places simulated orders with nothing at risk, and bar replay runs those sessions over past market data. Sessions record their trades, stop and target hits and total P&L. Both are on the Pro and Elite plans.
Can I use Tradify in a browser?
Yes, entirely. Charts render through GPU-accelerated WebGL with a Canvas fallback, so panning and zooming stay fluid across 100,000+ candles. There's no native desktop or mobile app today.
Do I need to keep MetaTrader 5 running?
Yes. The connector is an Expert Advisor running inside your terminal, so the terminal has to be open, logged in and connected to your broker for prices to stream or orders to route. Close it and that terminal goes offline in Tradify; the connector reconnects by itself once it's back. Traders who need the link up around the clock usually run MetaTrader on a VPS, as they would for any other EA.
Bring your MT5 workflow into one workspace
Start with the charts, connect a terminal when you want to trade from them. The connector takes about two minutes and your account stays exactly where it is.
Free Starter plan · Nothing to install in the browser · 7-day MetaTrader 5 execution trial on every new account
MetaTrader 5 and MetaTrader are trademarks of MetaQuotes Ltd. Tradify is an independent product and is not affiliated with, endorsed by or sponsored by MetaQuotes, and is not a MetaQuotes product. Connecting a MetaTrader 5 account requires a terminal you control and a broker that permits Expert Advisors; check your broker's terms. Nothing on this page is investment advice, and no trading outcome is implied or guaranteed.