Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

How to Install Metatrader 5 on your MAC OS Machine

2 min read

TO Install Metatrader 5 on your MAC you need to install an emulator with a simple application called PlayOnMac. Then you will be able to install and use MT5 from your Mac OS operating system.

Wine
Wine is a free software that allows users of the Unix-based systems to run an application developed for the Microsoft Windows systems. Among all the Wine versions there is one for Mac OS.

Disclaimer: Note that Wine is not a fully stable application. Thus, some functions in the applications you start under it may work improperly or not work at all.

For the installation on Mac OS we recommend to use the free application PlayOnMac. PlayOnMac is a Wine-based software for easy installation of Windows applications on Mac OS.

PlayOnMac Installation

1. To install PlayOnMac, open the product’s official web site, click on Download section and click on the link for downloading the latest version: PlayOnMac website

MT5 Playone MAC1
[wp_ad_camp_5]

 
2. After downloading the DMG package, launch it from Downloads section of your system

MT5 PlayonMAC2

3. PlayOnMac first launch window will appear. After clicking “Next”, the installer will start checking and installing the various components necessary for work.

MT5 PlayonMAC3

4. The first necessary component is XQuartz. This is a software for using X Window System on Mac OS. X Window System provides standard tools and protocols for building the graphical user interface in Unix-like OS.

MT5 PlayonMAC4

If you have already installed XQuartz or want to install it later, select “Don’t install XQuartz
for the moment” or “I’ve downloaded file by myself”, respectively.

5. XQuartz installation is performed in several stages. First of all, you should read the important information (Read Me) and accept the license conditions.

MT5 PlayonMAC5

6. Before the installation, Mac OS security system will ask you to enter your account’s password:

MT5 PlayonMAC6

7. Wait for the installation to complete. For changes to take effect, you should restart your PC

MT5 PlayonMAC7

8. After restarting the system, launch PlayOnMac again from the setup file in Downloads folder. The first launch window will appear again. This time, the installer will offer to install MS Windows fonts necessary for correct operation.

MT5 PlayonMAC8

9. Accept the license agreement conditions and wait until the installation is complete. After that, PlayOnMac is ready for use. Its main window will appear

MT5 PlayonMAC9

Updating Wine

Wine is installed together with PlayOnMac. However, it may be less stable, it is recommended to install the latest version of Wine.

1. To upgrade Wine to the latest version, open PlayOnMac upper menu and select
Manage Wine Versions

MT5 PlayonMAC10

2. The window with Wine versions available for installation will open. Select the latest
version

MT5 PlayonMAC11

3. Move the latest Wine version to the right side of the window. The installation will start.

MT5 PlayonMAC12

After the installation is complete, the new version of Wine will appear in the left part of PlayOnMac Wine versions manager window. You can then close the window and install MetaTrader 5 trading terminal.

MetaTrader 5 Installation

1. To install MetaTrader 5, please click here

2. After the download is complete, launch the setup file. PlayOnMac will be used
automatically to open it.

MT5 PlayonMAC13

3. The standard terminal installation process with all its stages will start

MT5 PlayonMAC14

4. Once the installation has finished you may receive this error message below which is not important and can be ignored. Please click next

MT5 PlayonMAC15

5. When the installation is complete, PlayOnMac will offer you to create the shortcuts for MetaTrader 5 terminal components – the client terminal itself, MetaEditor and MetaTrader 5 Strategy Tester Agent

MT5 PlayonMAC16

6. After creating the necessary shortcuts, you can start using MetaTrader 5. Double click on it in PlayOnMac window to launch the terminal.

MT5 PlayonMAC17

7. Below you can see MetaTrader 5 terminal on Mac OS

MT5 PlayonMAC18

MetaTrader 5 Data Directory
PlayOnMac creates a separate virtual logical drive with necessary environment for each
installed program. The default path of the installed terminal’s data folder is as follows:

LibraryPlayOnMacWinePrefixMetaTrader_5_Drive CProgram FilesMetaTrader 5

Rajandran R Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Building GenAI Applications. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

MetaTrader 5 Demo Servers Now Available for BSE Currency…

Bombay stock exchange is the first Indian Exchange to integrate their currency derivative Instruments with Metatrader 5 platform. Bombay Stock Exchange is the...
Rajandran R
1 min read

ChartIQ – WebTrader for MT4

ChartIQ - WebTrader for MT4 is a ultra cool charting product with attractive user interface and better user experience. It is a white-labeled product...
Rajandran R
1 min read

Metatrader 4 – Web Platform Overview

Year 2015 is the era of Brokers focusing more on Technology especially on the Client Front end UI design and therby providing more power...
Rajandran R
1 min read

6 Replies to “How to Install Metatrader 5 on your MAC OS…”

  1. Between Amibroker and Metatrader which is the best one for MCX commodity trading.

  2. how to track indian stocks n mcx on metatrader n what kind of datafeed should i use on mac

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More