How to start algotrading with MQL5.com and MetaTrader 5

MetaTrader is the most popular trading platform in the world. Using it is very simple and gives amazing opportunities for every user with MQL5.com website — here you can find articles about trading, signals, robots and indicators etc.

Here I wrote basic steps to start using it with RoboForex broker and The Moonlight robot.

1 — Create account on MQL5.com

1. Visit https://www.mql5.com/en/auth_register
2. Sign up
3. Log in

2 — Create account on RoboForex

1. Visit https://my.roboforex.com/en/register/?a=vadb
2. Fill the form with your basic info
3. On next step you will see some private information, such as "The Wallet master password" — save it somewhere
4. Create a trading account in the form below with next settings:
   Trading platform: MetaTrader 5
   Account Type: ECN
   Hedge system: Yes
   Currency: Any
   Leverage: 1:30 (You can create different accounts with any leverage you want later, but Moonlight basically uses 1:30)
   Affiliate code: vadb
5. Save your account information somewhere. You will need it soon to start trading. You will also receive it via E-mail.
6. Click "Pass the verification" and verify your profile.
7. Then you can visit page https://my.roboforex.com/en/operations/deposit-funds/ and add some funds to your account

3 — Download MetaTrader 5

1. Visit https://www.metatrader5.com/en, download and install the program
2. Run the program
3. You will see the "Open an Account" window (you can find it in File menu). Write "RoboForex" in text field, click "Find your broker" and select RoboMarkets. Go next.
4. On next step select "Connect with an existing trade account" and fill the form with information you received after creating the account on RoboForex (or find it in email)
5. You will be logged into your trading account. Then go "File > Login to MQL5 Community" and log in with your MQL5 account.

4 — Buy, Rent or Test the robot

1. Go to https://www.mql5.com/ru/market/product/60722, click one of the buttons below the avatar (Buy, Rent or Test)
2. Robot should appear on "Market" tab inside the MetaTrader app
3. You can click "Download" button or click test to use the robot in tester (for backtesting). You will also see the robot in your Navigator panel (CTRL + N, then find "Expert Advisors > Market")
4. When you see the strategy tester window, find "Settings" tab, right click inside it, click "Load settings" and choose "Moonlight Basic Test.ini" from the Telegram Channel https://t.me/mqlpath
5. Then go to "Inputs" tab, right click inside it and load the "Moonlight 1000% Grid.set". Click "Start" and you will see the balance chart. After the testing finished you will see the "Backtest" tab with testing results. I will tell you more about backtesting and optimizing opportunities a little bit later.

5 — How to start trading

1. Buy or rent the robot here https://www.mql5.com/ru/market/product/60722
2. Open the USD/JPY chart (File > New chart > USDJPY)
3. Go "Tools > Options > Expert Advisors" and enable "Allow algorhitmic trading" checkbox. Close this window.
4. Click on "Algo Trading" button on the top panel to make it green
5. Drag & Drop "The Moonlight" from Navigator to the chart
6. On "Common" tab enable the "Allow Algo Trading" checkbox
7. Go to "Inputs" tab and load the settings file you want to try
8. Click "OK". If you see the green light near the "Moonlight" text on right top corner of the chart, then everything is ok, robot is working.
9. This method needs you to have trading terminal opened. If you want the robot to run in cloud 24/7, then use VPS https://www.mql5.com/en/vps

Please find some lessons on YouTube or somewhere to learn MetaTrader interface a little bit. It is very easy, to be honest.

Good luck!