GuideBeginner3 min readNovember 5, 2026

TradingView vs MT5 for Gold Trading: Which Should You Use (and Can You Use Both)?

Charting, order execution, broker access, automation and cost compared for XAUUSD traders, with a practical set-up that uses each platform for what it does best.

LinGold trader

Lin's Take

I wrote this guide based on how I actually trade gold. No theory — just what works after 10 years.

Key takeaways

TradingView has the better charts, drawing tools, alerts and community scripts, and runs in a browser.
| | TradingView | MT5 |
On TradingView, the XAUUSD chart you see may come from a data provider or a different broker. Your broker's prices ca...
Analysis: TradingView, using your broker's feed if available. Mark levels and set alerts; see [TradingView alerts for...
Our rating has a list of brokers you can trade through from TradingView and a list o...
Is MT4 still worth using? Many brokers still offer it and many traders still prefer it. For a new set-up, MT5 has mor...

Most gold traders end up using both: TradingView for charts and analysis, MetaTrader 5 for placing and managing trades. Whether you need both depends on how you trade and which broker you use.

The short answer

TradingView has the better charts, drawing tools, alerts and community scripts, and runs in a browser.
MT5 is the platform most brokers provide for execution, with deep order management and automated trading through Expert Advisors (EAs).
You can trade directly from TradingView only if your broker is integrated with it.

Side by side

	TradingView	MT5
Charts and drawing tools	Excellent; many chart types, clean interface	Good; functional, dated look
Alerts	Flexible, on price, indicators and drawings; delivered to phone and email	Basic price alerts
Trading	Through integrated brokers only	Through any MT5 broker
Automation	Pine Script for indicators and strategies; alerts can trigger external tools	MQL5 Expert Advisors run trades automatically
Price data	Shows the data feed you choose; may differ from your broker	Your broker's own prices
Cost	Free plan with limits; paid plans for more indicators and alerts	Free from your broker
Devices	Browser, desktop, mobile	Desktop (Windows; Mac via the broker's version), mobile, web

The price-feed issue

On TradingView, the XAUUSD chart you see may come from a data provider or a different broker. Your broker's prices can differ by tens of cents, and its spread is not shown. Two consequences:

Levels drawn on TradingView may be slightly off on your broker's chart.
A stop placed by eye on TradingView may trigger at a different moment at your broker.

If your broker is integrated, select its feed so the chart matches your execution prices.

A practical set-up

Analysis TradingView, using your broker's feed if available. Mark levels and set alerts; see TradingView alerts for gold.
Execution MT5, using pending orders and pre-set stops; see how to set SL and TP in MT5.
Record your trading journal, including the gap between alert price and fill price.

How to choose a broker for this

Our rating has a list of brokers you can trade through from TradingView and a list of MT5 gold brokers. Check the entity for your country on each broker's profile.

Questions traders ask

Is MT4 still worth using? Many brokers still offer it and many traders still prefer it. For a new set-up, MT5 has more order types and better back-testing. See MT4 vs MT5 for gold.

Can I run an EA on TradingView? Not in the MT5 sense. Pine Script strategies are mostly for back-testing and alerts; live automation needs a broker integration or an external bridge.

Why does my TradingView gold price differ from MT5? Different data source and no broker spread on the TradingView chart. Switch the chart to your broker's feed if you can.

I don't predict. I prepare. Every trade I share here is placed with real money, in real time. No indicators, no noise — just price action and experience.

— Happy trading, Lin