Accurate, fast, and reliable tools are at the top of every trader's list in the current trading environment which changes rapidly all the time. As a result, a lot of the professionals are now opting for TradingView charts for analysis and taking trades through MT5 as their primary combination for trading purposes. Ultimate flexibility of trade execution in combination with advanced market analysis is what this powerful combination offers traders.
With the help of tools like MetaConnector that links TradingView and MetaTrader 5, traders get instant market analysis and can trade without being biased by emotions or making mistakes.
The possibility of creating advanced and personalized charts is one of the foremost reasons that TradingView is the preferred choice among traders.
User-Friendly Interface
The user interface of TradingView is very neat and is browser-based which would play nicely on any device including desktop, tablet, and mobile. The traders can have access to the charts at any time and from anywhere as there will be no need to install a heavy software.
Advanced Indicators & Tools
TradingView is far more advanced than MT5 in terms of charting so that, for instance, the built-in and custom indicators would count as the following:
This range of indicators makes TradingView charts MT5 users’ preferred platform for deep technical analysis.
Powerful Alerts
TradingView alerts have a high degree of customization. Setting alerts for price levels, for indicators, or for a combination of those or other conditions in the market allows traders to react promptly, even without observing the market all day long.
TradingView is great for analysis while MT5 takes care of the execution part with its excellent speed.
Execution That Is Fast And Reliable
MetaTrader 5 is basically the trading platform that guarantees a reliable and quick execution engine for the whole Forex, Crypto, and indices market that is going to be very busy and volatile.
Broker Integration That Is Strong
MT5 is a very competent trading platform connecting brokers effortlessly and presenting live market access, very low spreads plus dependable order execution as the benefits.
Trading Features That Are Advanced
MT5 provides:
Thus, MT5 perfectly suits the trading of trades created out of TradingView analysis.
The bridge MetaConnector is used by traders and the real magic takes place.
Signal-to-Order Automation
The alerts from TradingView are instantly converted into trades in MetaTrader 5 by MetaConnector so that there is no manual entry or delay in execution.
Trading No Longer Dependent On Emotions
Traders will carefully follow their strategy as portions of fear and greed are removed from their trading decisions through automation.
Time Saving And Error Reduction
Traders will use the TradingView to MT5 connection that will save them from needing to constantly watch the charts or trade manually—thus, the human error factor is markedly reduced.
Comparing TradingView and MT5 one right after another makes it obvious that both platforms have their own advantages;
The choice of one over the other is no longer the case, traders are using TradingView charts along with MT5 for the fastest and most efficient trading.
To put it in a very simple way, TradingView gives the “eyes” to analyze the market, MT5 gives the “hands” to make the trade, and MetaConnector is the one that connects them all as one powerful trading system.
This configuration provides the following benefits to traders:
That's the reason why a great number of traders is inclined to take TradingView charts along with MT5 execution as their complete trading solution.