How to Get Volatility 75 Index on MT5

"The secret to trading the Volatility 75 Index successfully on MT5 starts long before you even make a trade." You’ve probably heard about the explosive potential of the Volatility 75 Index, commonly known as VIX75. This synthetic asset is known for its massive price movements, capturing the attention of both day traders and long-term strategists. But how do you access it on MetaTrader 5 (MT5)?

Many traders get stuck simply trying to locate this highly volatile asset in their MT5 platforms, but the process is more straightforward than you think. Let’s dive into the step-by-step method of setting up and trading the VIX75 Index, along with strategies for success. Keep reading to unlock the exact details.

Why Trade the Volatility 75 Index?

Before we jump into the 'how,' let’s address the 'why.' The VIX75 Index replicates the volatility of the S&P 500, offering enormous potential profits due to its rapid price fluctuations. Experienced traders know that with high volatility comes high risk, but for those who master this beast, the rewards are substantial. Swing traders and scalpers alike are drawn to this index because of its predictable patterns—though chaotic, it often follows identifiable trends.

Now, imagine being able to ride these waves of volatility on a platform as robust as MT5. MetaTrader 5 offers unmatched flexibility and precision in managing trades, whether you're using advanced indicators, running expert advisors (EAs), or trading manually.

Step 1: Find a Broker that Offers Volatility 75 Index

Not all brokers offer synthetic indices like VIX75. You need to partner with a broker that provides access to synthetic indices, typically from Deriv or Binary.com. Once you’ve registered with a compatible broker, you’ll be able to download and set up MT5.

Most brokers will have a section on their websites for downloading the MT5 platform. Follow these steps:

• Visit your broker’s website and look for the “Download MT5” option.
• Ensure that your broker provides synthetic indices like VIX75.
• Download and install MT5 on your device (desktop or mobile).

Step 2: Log Into Your MT5 Account

After downloading the MT5 platform from your broker’s website, the next step is logging into your trading account. Here's what you need to do:

1. Launch the MT5 application.
2. On the top left corner, click on “File” and select “Login to Trade Account.”
3. Enter your credentials (account number and password) provided by your broker.
4. Select the correct server (this information is usually provided by your broker as well).

Once logged in, you’re ready to find the VIX75 Index.

Step 3: Add Volatility 75 to Your Asset List

The Volatility 75 Index may not appear in your default list of assets, so you’ll need to manually add it. To do this:

1. Open the MT5 platform and look for the “Market Watch” window on the left side of your screen.
2. Right-click in the Market Watch window and select “Symbols.”
3. A new window will pop up. Scroll through the list until you find “Volatility Indices” or a similar category.
4. Look for “Volatility 75 Index” (sometimes it might be listed as VIX75).
5. Click the asset and select “Show” to add it to your Market Watch window.
6. Close the Symbols window, and now you should see the Volatility 75 Index listed among your assets.

Pro Tip: You can also use the search bar in the Symbols window to quickly locate Volatility 75.

Step 4: Open a Chart for the Volatility 75 Index

Once VIX75 appears in your Market Watch window, you can open its chart by:

1. Right-clicking on “Volatility 75 Index” in the Market Watch window.
2. Select “Chart Window.”
3. A new chart will open, allowing you to analyze the price action of the VIX75.

This is where things get exciting. You’re now ready to apply your preferred trading strategy, be it technical analysis using indicators, trend following, or even price action trading. The chart will give you real-time updates on price movements, enabling you to make swift and informed trading decisions.

Step 5: Place a Trade on Volatility 75

To place your first trade on the VIX75 Index:

1. Go to the “New Order” button on the top of your MT5 platform.
2. Choose the Volatility 75 Index from the drop-down menu if it’s not already selected.
3. Set your lot size (the amount you want to trade).
4. Choose between “Buy” (if you think the market will go up) or “Sell” (if you believe the market will drop).

Once your trade is executed, it will appear in the “Trade” tab at the bottom of your screen, where you can monitor open positions, stop loss, take profit, and other trade details.

Risk Management Is Key

While the VIX75 Index offers tremendous profit potential, it’s critical to manage risk effectively. The same volatility that creates opportunities can also wipe out your account if not handled carefully. Here are a few tips:

• Use a stop loss on every trade.
• Never risk more than 1-2% of your trading account on a single position.
• Consider using a trailing stop to lock in profits while minimizing risk.

Understanding the leverage associated with synthetic indices is also crucial. The VIX75 typically comes with high leverage, allowing you to control larger positions with less capital, but this also magnifies risk.

Why Choose MT5 for VIX75?

While many platforms support trading, MT5 stands out for several reasons:

1. Advanced charting tools: With MT5, you have access to a wide variety of technical indicators, drawing tools, and chart types. This is critical when trading highly volatile assets like VIX75.
2. Algorithmic trading: If you prefer to automate your trading, MT5 allows for the use of Expert Advisors (EAs), which can help you take advantage of price movements even when you’re away from the screen.
3. Multiple order types: MT5 allows for various order types, including market, pending, and stop orders, giving you the flexibility to trade based on your strategy.

Long-Term vs Short-Term Trading on VIX75

The beauty of the VIX75 Index is that it suits both short-term scalpers and long-term traders. Short-term traders can profit from rapid price fluctuations throughout the day, while long-term traders can take advantage of sustained trends over weeks or months.

Scalping Strategy: Ideal for traders looking for quick profits on small price movements. Scalping the VIX75 requires a solid understanding of technical indicators and an eagle eye for market reversals.

Swing Trading Strategy: For traders who prefer longer holding periods, swing trading the VIX75 allows you to capture larger price movements. Swing traders often use support and resistance levels, combined with moving averages and momentum indicators, to time their trades.

Conclusion

Getting the Volatility 75 Index on MT5 isn't as daunting as it might initially seem. With the right broker, proper setup, and a solid trading strategy, you’ll be able to take full advantage of the market’s movements. Remember, volatility can be both your friend and your enemy, so managing risk should always be your top priority. Whether you're scalping or swing trading, MT5 gives you all the tools you need to succeed with the VIX75 Index.

Start trading the Volatility 75 Index today, and you might just find yourself riding one of the most exciting waves the market has to offer!