We're excited to introduce support for MT5 on SFX. This guide will walk you through the process of connecting your broker account and will provide details on how MT5 operates within our system.

Connecting your MT5 Account to SFX

Follow these steps to successfully link your MT5 account to SFX:

1. Begin by navigating to the Broker Accounts page.

2. Find and select the 'Connect broker account' button.

3. In the Platform drop-down menu, locate and select the “MT5” option.

4. Review the list of supported companies and servers.

5. From this list, identify and select your company and server.

6. Proceed to enter your MT5 broker account credentials.

7. To finalize the connection, click the 'Connect account' button.

   

Differentiating Between MT5 and MT4 Connected Accounts

After successfully linking your broker account, you can identify the account type (MT5 or MT4) on the 'Connected Broker Accounts' page. Here, each connected broker card displays a suffix next to the company name, indicating the account type.

For further differentiation, visit the Dashboard or the Smart Assist Dashboard. A drop-down filter allows you to select between MT4 and MT5 options. This feature enables you to view profit charts and trade history specific to the chosen account type.

Differences in Smart Assist Features for MT5

The Smart Assist feature supports both MT5 and MT4 platforms with slight differences. The 'Trailing Stop' and 'Breakeven' features work identically on both platforms. The 'Partial Profit' feature, however, operates differently.

Using the Partial Profit Feature on MT5

Here's a step by step guide to understand its functioning on MT5:

1. Assume that you have set up Smart Assist with three classic partial profit levels:

   • Level 1: 15 pips - close 20%

   • Level 2: 20 pips - close 15%

   • Level 3: 30 pips - close 25%

2. When the Smart Assist receives a signal, it opens a trade (let's say with ID 1000001) with the following parameters: 60 pips take profit, 30 pips stop loss, 1 lot size.

3. If the price moves profitably and triggers partial level 1, you will receive an event log confirming the successful partial close. You will see that trade 1000001 is now open with 0.8 lot. However, there will be no events about order closure in the Smart Assist logs. On the broker side, you can see trade 1000001 in open trades with 0.8 lot size and in the trade history (0.2/1).

4. When the second partial close level is triggered, you will receive an event log confirming the successful partial close. You will see trade 1000001 is now open with 0.65 lot size. On the broker side, you can see trade 1000001 in open trades with 0.65 lot size and in the trade history (0.35/1).

5. This process continues for the next level if there's profitable price movement.

6. Once the whole position is closed, you can view this trade in the 'Trade History' tab on the SFX platform.

The main difference for MT5 is that, unlike MT4, only one ticket exists in a superposition (open and closed at the same time), rather than creating a new ticket each time a partial close level is successful.

Example from the MT5 application

Trade History ( trades with closed partial levels):

These Trades in the Open position at the same time:

ID 14178397 ( open 1.08, closed 0.45/2.25; 1.08 + 0.45 = 2.25)