MetaTrader 5 Auto-Sync Setup

The MetaTrader 5 setup process is nearly identical to MetaTrader 4. TradeLog provides a separate EA compiled for the MT5 platform (.ex5 file) that handles the differences in MT5's trade execution model, including netting and hedging modes.

Prerequisites

• A TradeLog account with an active subscription.
• MetaTrader 5 installed on your computer.
• An API key generated from TradeLog Settings.

Step 1: Generate an API Key

1. 1In TradeLog, go to Connections.
2. 2Click "Generate API Key" under the MetaTrader section.
3. 3Copy the generated API key.

Step 2: Download and Install the EA

1. 1Download the TradeLog EA (.ex5 file) from Connections.
2. 2Open MetaTrader 5 and go to File > Open Data Folder.
3. 3Navigate to MQL5 > Experts.
4. 4Copy the downloaded .ex5 file into the Experts folder.
5. 5Restart MetaTrader 5 or refresh the Navigator panel.

Step 3: Configure the EA

1. 1In MT5, open the Navigator panel (Ctrl+N).
2. 2Find "TradeLog" under Expert Advisors.
3. 3Drag it onto any chart.
4. 4Paste your API key in the EA settings dialog.
5. 5Ensure "Allow Algo Trading" is enabled in Tools > Options > Expert Advisors.
6. 6Add "tradelog.cot-reports.com" to the allowed URLs list.
7. 7Click OK to activate.

Step 4: Verify the Connection

Open your TradeLog journal and verify that trades appear after closing a position in MT5. The EA syncs closed trades automatically and handles both netting and hedging account types.

MT5 vs MT4 Differences

• MT5 uses MQL5 > Experts folder (not MQL4 > Experts).
• MT5 has both netting and hedging modes; the EA handles both.
• The EA file extension is .ex5 (not .ex4).
• MT5's "Allow Algo Trading" replaces MT4's "Allow DLL imports" option.