MetaTrader 5 is a trading platform that helps users analyze markets, place orders, and manage positions using charts, technical indicators, and automated trading tools. Evest supports MetaTrader 5 for clients who want these capabilities, while its WebTrader platform provides an alternative for trading directly through a browser.
The two interfaces serve different preferences: MT5 offers an extensive analytical environment, whereas WebTrader removes the need to install separate software.
This guide explains how MT5 works, how it differs from MT4, what its trailing stop feature does, and how Evest clients can choose and access the trading interface that suits their needs.
What is MetaTrader 5?
MetaTrader 5 (MT5) is a multi-asset electronic trading platform developed by MetaQuotes for analyzing financial markets and executing trading orders. It supports various financial instruments, including currencies, stocks, commodities, and indices, depending on the assets available through the connected trading account.
The platform provides a trading environment that combines market information, technical analysis, and order management. Its main capabilities include:
- Advanced charting tools: Analyze price movements across different timeframes to identify market trends.
- Technical indicators: Examine market conditions using analytical tools and price charts.
- Trade execution: Open, modify, and close trading positions.
- Automated trading: Use Expert Advisors to execute strategies based on predefined trading rules.
- Real-time market information: Monitor available prices and financial news.
MT5 operates as independent trading software rather than a brokerage service. To execute trades, users must connect the application to an account with a supported trading provider. Evest supports this connection through its account activation process, allowing eligible clients to use MT5 alongside the company’s other trading interfaces.
What Is the Difference Between MT4 and MT5?

The main difference between MT4 and MT5 lies in their analytical tools, supported financial instruments, and order-management capabilities. MT5 builds upon the earlier platform by providing additional functionality for traders who use more advanced analysis or diversified trading strategies.
Evest identifies several distinctions between the two platforms, particularly in asset coverage, analytical resources, and trade execution features.
| Feature | MT4 | MT5 |
| Platform generation | Earlier version | Newer version |
| Financial instruments | More limited asset coverage | Broader multi-asset support |
| Technical analysis | Standard charting and indicators | Expanded analytical tools |
| Order management | Core trading order types | Additional order types |
| Automated trading | Supports automated strategies | Supports Expert Advisors and advanced automation |
| Availability on Evest | Not supported | Supported |
These differences become important when selecting a trading environment. Someone who primarily executes manual trades may not require the same analytical functionality as a trader who develops automated strategies or monitors several financial markets.
The number of available features should therefore be considered alongside trading experience, strategy requirements, and familiarity with the platform.
What Is MT5 Trailing Stop?
An MT5 trailing stop is a risk-management feature that automatically adjusts a stop-loss level when the market moves in a favorable direction. Unlike a standard stop loss, which remains at a fixed price unless manually modified, a trailing stop follows favorable price movements according to a predefined distance.
For a long position, the stop level moves upward as the market price increases but does not move downward when the price reverses. This mechanism can help traders manage open positions without continuously adjusting their stop-loss levels manually.
However, trailing stops cannot guarantee a particular closing price because sudden market movements, price gaps, and execution conditions may affect the final result.
How Does a Trailing Stop Work in MT5?
A trailing stop operates by maintaining a selected distance between the market price and the stop-loss level as the position moves favorably.
Consider a hypothetical example involving a stock position:
- Entry price: A trader opens a long position at $100.
- Trailing distance: The trader selects a distance equivalent to 2% in this illustrative calculation.
- Price increase: The stock rises to $110.
- Stop adjustment: The trailing stop moves to approximately $107.80.
- Market reversal: If the price subsequently falls to the stop level, the position may close, subject to execution conditions.
This example illustrates how a trailing stop can help retain part of an unrealized gain while allowing the position to remain open during favorable price movements.
The appropriate trailing distance depends on the instrument’s volatility and the trader’s risk-management approach. A narrow distance may cause a position to close during ordinary price fluctuations, while a wider distance allows greater price movement before triggering an exit.
How to Set a Trailing Stop in MT5?
Evest’s official educational content describes the following steps for using the built-in MT5 trailing stop function:
- Open a trading position through the platform’s order-entry interface.
- Locate the position in the Trade tab.
- Right-click the open position and select Trailing Stop.
- Choose a predefined trailing distance or enter a custom value where supported.
- Keep the relevant desktop terminal running and connected so the built-in trailing-stop function can continue updating the stop-loss level.
For traders using more advanced strategies, MT5 also supports custom trailing-stop configurations through MQL5 scripts. These can incorporate additional analytical conditions, such as market volatility or technical indicators.
Regardless of the configuration, a trailing stop should be treated as a risk-management tool rather than a guarantee against financial losses.
What Is the Alternative to MetaTrader 5 on Evest?

The main alternative to MetaTrader 5 on Evest is Evest WebTrader, a browser-based trading platform that allows users to access their trading accounts without installing specialized trading software.
WebTrader provides a more direct method of accessing trading functions through an internet browser. This makes it relevant to traders who prefer managing positions through a web interface rather than using a dedicated desktop trading application.
Evest also provides a mobile trading application, giving users an additional way to access their trading accounts through supported mobile devices.
Trading Through Evest WebTrader
Evest WebTrader is designed to provide trading access through compatible internet browsers. Users can monitor available financial instruments and manage trading activities through an interface that does not require a separate software installation.
Its main characteristics include:
- Browser-based trading: Access the platform without downloading additional software.
- Trading account access: Manage available trading activities through an internet browser.
- Market information: View market-related information and available trading instruments.
- Mobile browser compatibility: Access the mobile WebTrader interface through supported smartphone browsers.
- Integration with Evest: Use an Evest account to access the company’s trading environment.
The platform is suitable for users who value accessibility and do not need every specialized function provided by MT5. Traders who depend on advanced automation should verify the availability of their required tools before selecting WebTrader.
Trading Through the Evest Mobile Application
The Evest Trading App provides another access method for traders who prefer using an installed mobile application.
According to Evest’s official website, its WebTrader platform is synchronized with the Evest Trading App to provide a consistent experience across the company’s interfaces.
The application can be considered by traders who regularly access markets through mobile devices, while WebTrader remains an option for those who prefer trading directly through a browser.
MetaTrader 5 vs Evest WebTrader: Which Trading Platform Should You Choose?
Choosing between MetaTrader 5 and Evest WebTrader depends on the trading tools required, the preferred method of accessing markets, and the complexity of the trading strategy.
MT5 is particularly relevant for traders who use advanced charting, technical indicators, and automated trading systems. Evest WebTrader emphasizes convenient access through a browser without requiring a separate installation.
| Comparison | MetaTrader 5 | Evest WebTrader |
| Access method | Dedicated desktop or mobile application | Internet browser |
| Installation | Requires application installation | No software installation required |
| Technical analysis | Advanced charts and indicators | Market-analysis resources |
| Automated trading | Supports Expert Advisors | Equivalent functionality is not confirmed in Evest’s official WebTrader description |
| Mobile accessibility | Supported through the MT5 application | Supported through mobile browsers |
| Account access | Requires MT5 activation and connection details | Uses Evest trading account credentials |
The decision should reflect practical trading requirements rather than the assumption that a more complex platform necessarily produces better results.
For traders who rely on specialized analytical tools or automated strategies, MT5 provides functionality designed for those requirements. WebTrader may be more appropriate for users who prefer straightforward browser access and manual trading activities.
Both interfaces provide access to trading functions, but neither removes the financial risks associated with market volatility, leverage, or unfavorable price movements.
How Can You Access MetaTrader 5 Through Evest?
To access MetaTrader 5 through Evest, traders need an activated Evest trading account and the necessary MT5 connection credentials provided through the company’s support team.
Evest confirms that clients can request activation of the MT5 service and obtain the information required to connect their accounts to the application.
The process includes:
- Create an Evest account: Register and complete the necessary account activation requirements.
- Request MT5 activation: Contact Evest support to enable access to MetaTrader 5.
- Receive connection details: Obtain the required account credentials and platform download information.
- Install the application: Download MT5 on a compatible desktop or mobile device.
- Connect the account: Enter the account number, password, and designated server name.
- Access the trading interface: Use the activated account to access the available markets and trading tools.
For WebTrader, the process is simpler because users can access the browser-based platform using their Evest account credentials without installing additional software.
Evest also states that a trading account can be accessed through only one device at a time, meaning simultaneous sessions across the application and WebTrader are restricted.
FAQs
Is MetaTrader 5 a trading broker?
No, MetaTrader 5 is independent trading software rather than a brokerage company. It provides tools for analyzing financial markets and executing transactions, while access to tradable instruments requires an account connected through a supported trading provider such as Evest.
Can beginners use MetaTrader 5?
Yes, beginners can use MetaTrader 5, although some of its advanced analytical and automated trading functions may require additional learning. Understanding order types, technical analysis, and risk management is important before using real capital.
Does Evest offer a demo trading account?
Yes, Evest offers demo trading accounts that allow users to practice with virtual funds. These accounts can help traders become familiar with trading functions and test strategies without risking real money during simulated transactions.
Can Evest WebTrader be accessed without downloading an application?
Yes, Evest WebTrader operates directly through a compatible internet browser. Users can access available trading functions using their account credentials without installing a separate desktop application.
Does using MetaTrader 5 guarantee better trading results?
No, using MetaTrader 5 does not guarantee profitable trading outcomes. Although the platform provides advanced analytical and trading tools, results depend on market conditions, trading decisions, strategy execution, and risk management.
















