---
title: "Vela vs MetaTrader 5 (2026): Charts, Orderflow & Code | LuxAlgo"
description: "Vela by LuxAlgo brings state-of-the-art charts, footprint and TPO from real trades, unlimited Price Alerts, Pine Script® through PineTS, and Quant, our coding agent, to your browser, free to start. How it compares with MetaTrader 5."
canonical: https://www.luxalgo.com/compare/metatrader-5/
---

# Vela vs MetaTrader 5 (2026): Charts, Orderflow & Code | LuxAlgo

> Vela by LuxAlgo brings state-of-the-art charts, footprint and TPO from real trades, unlimited Price Alerts, Pine Script® through PineTS, and Quant, our coding agent, to your browser, free to start. How it compares with MetaTrader 5.

## Vela: state-of-the-art charts and orderflow from real trades, in your browser.

- **Choose Vela** if you want analysis-first charts in your browser: footprint and TPO from real trades, 66 drawing tools, unlimited Price Alerts that reach Telegram, Discord, and Slack, Pine Script® through PineTS, and Quant, our coding agent, built in.
- **Stay with MetaTrader 5** if you trade forex and CFDs live through your broker, run Expert Advisors in MQL5, or want phone apps and up to 100 charts open at once.

Facts checked November 3, 2026.

Vela is our next-generation charting platform: charts engineered in-house, footprint and TPO built from real trades, 66 drawing tools, unlimited Price Alerts, Replay, paper trading, and Quant, our coding agent, built in, on every plan including Free. Here is how Vela compares with MetaTrader 5, with MetaTrader 5’s wins marked as wins.

Open Vela: https://vela.luxalgo.com/chart · Plans: https://www.luxalgo.com/pricing/

## At a glance

| | Vela | MetaTrader 5 | MetaTrader 5 source |
| --- | --- | --- | --- |
| Chart types | ✓ Candles, bars, line, area, baseline, and Heikin Ashi, plus footprint and TPO. | ± Three: bars, Japanese candlesticks, and a line. | Charts (MetaTrader 5 help) |
| Footprint and TPO | ✓ Footprint, TPO, CVD and delta, and volume profiles on every plan, including Free, built from real trades. Orderflow lookback scales by plan: 1 day on Free, 30 days on Essential, up to full history on AI Ultra. | ± No footprint or TPO among its chart types; Depth of Market is built in. | Charts (MetaTrader 5 help) |
| Drawing tools | ✓ 66 drawing tools across 7 groups on every plan: the Fibonacci and Gann sets, harmonic patterns, Elliott waves, and position tools with R:R. | ± 44 analytical objects. | MetaTrader 5 trading platform |
| Price alerts | ✓ Unlimited Price Alerts on every plan, Free included. | ± Alerts in the terminal; its platform page lists no alert counts. | MetaTrader 5 trading platform |
| Coding agent | ✓ Quant, our coding agent, built into Vela on every plan: it reads and draws on your chart, writes indicator and strategy code, and tests it against history. Free includes Quant usage that refills every 5 hours and every week. | ✓ An AI Assistant built into MetaEditor writes, analyzes, and fixes MQL5 code from a plain description, free with an MQL5.community account, and the terminal works with outside agents over MCP. | Build 6060 release notes: AI Assistant and MCP |
| Scripting language | ✓ Pine Script® v6 and v5 run on Vela as written through PineTS, our open-source runtime, with a Pine editor beside the chart. | ✓ MQL5, for Expert Advisors and indicators, written in MetaEditor. | MetaTrader 5 trading platform |
| Live trading | ✗ Not on Vela: orders fill on paper. From Essential up, Custom Alerts reach your own bot over signed webhooks. | ✓ Through your broker: 2 market, 6 pending, and 2 stop order types plus a trailing stop, with netting and hedging. | MetaTrader 5 trading platform |
| Free plan | ✓ Free, no credit card: 16 charts per tab, unlimited tools per chart, unlimited Price Alerts and 5 Custom Alerts, the Orderflow suite with 1-day lookback, Replay, a $100,000 paper account, and Quant usage that refills every 5 hours and every week. | ✓ Free to download and use; your broker provides the account. | Download MetaTrader 5 |

Marks: ✓ included, ± partial or paid plans only, ✗ not included. Vela and MetaTrader 5 facts checked November 3, 2026.

## 01 Charts

The engine, the layouts, the chart styles, and the tools you draw with.

| | Vela | MetaTrader 5 |
| --- | --- | --- |
| Chart types | ✓ Candles, bars, line, area, baseline, and Heikin Ashi, plus footprint and TPO. | ± Three: bars, Japanese candlesticks, and a line. (source: Charts (MetaTrader 5 help)) |
| Timeframes | ✓ From one second to one month, with custom timeframes from Essential up. | ✓ 21 timeframes, from one minute to one month. (source: Charts (MetaTrader 5 help)) |
| Charts open at once | ✓ 16 charts per tab on every plan, including Free, with up to 16 linked charts in one desktop window. | ✓ Up to 100 charts open at once. (source: MetaTrader 5 trading platform) |
| Drawing tools | ✓ 66 drawing tools across 7 groups on every plan: the Fibonacci and Gann sets, harmonic patterns, Elliott waves, and position tools with R:R. | ± 44 analytical objects. (source: MetaTrader 5 trading platform) |

## 02 Orderflow and data

The flow inside every candle, where the data comes from, and the markets you can chart.

| | Vela | MetaTrader 5 |
| --- | --- | --- |
| Footprint and TPO | ✓ Footprint, TPO, CVD and delta, and volume profiles on every plan, including Free, built from real trades. Orderflow lookback scales by plan: 1 day on Free, 30 days on Essential, up to full history on AI Ultra. | ± No footprint or TPO among its chart types; Depth of Market is built in. (source: Charts (MetaTrader 5 help)) |
| Where the data comes from | ✓ From LuxAlgo on every plan: real-time US stocks and ETFs, crypto, forex, and commodities on Free, licensed CME futures on paid plans. No broker needed. | ± From the broker you connect: MetaQuotes provides no brokerage services, and the markets, forex, stocks, and futures, are your broker’s. (source: MetaTrader 5 trading platform) |

## 03 Alerts

What you can alert on, how many you get, and where they reach you.

| | Vela | MetaTrader 5 |
| --- | --- | --- |
| Price alerts | ✓ Unlimited Price Alerts on every plan, Free included. | ± Alerts in the terminal; its platform page lists no alert counts. (source: MetaTrader 5 trading platform) |
| Where alerts reach you | ✓ In-app, email, browser notifications, Telegram, Discord, and Slack on every plan, and webhooks from Essential up: up to 16 destinations per alert. | ± Its platform page lists no Telegram, Discord, Slack, or webhook delivery. (source: MetaTrader 5 trading platform) |

## 04 Code and strategies

Who writes the code, what language runs it, and how a strategy is tested.

| | Vela | MetaTrader 5 |
| --- | --- | --- |
| Coding agent | ✓ Quant, our coding agent, built into Vela on every plan: it reads and draws on your chart, writes indicator and strategy code, and tests it against history. Free includes Quant usage that refills every 5 hours and every week. | ✓ An AI Assistant built into MetaEditor writes, analyzes, and fixes MQL5 code from a plain description, free with an MQL5.community account, and the terminal works with outside agents over MCP. (source: Build 6060 release notes: AI Assistant and MCP) |
| Scripting language | ✓ Pine Script® v6 and v5 run on Vela as written through PineTS, our open-source runtime, with a Pine editor beside the chart. | ✓ MQL5, for Expert Advisors and indicators, written in MetaEditor. (source: MetaTrader 5 trading platform) |
| Pine Script® | ✓ Runs as written through PineTS: paste a script, press Run, or have Quant port an older one to v6. | ✗ Doesn’t run Pine Script®: scripts are written in MQL5. (source: MetaTrader 5 trading platform) |
| Indicators | ✓ The LuxAlgo Library, the largest indicator library in trading: hundreds of free indicators on Free, and the full Library of 800+ advanced tools from Essential. | ✓ 38 built-in indicators, 80+ technical indicators and analytical tools counting graphic objects, and 2,500+ apps in its Market. (source: MetaTrader 5 trading platform) |
| Backtesting | ✓ Strategies mark every entry and exit on the chart, with a Backtest Summary and a full report: performance, trade analysis, the trade log, and Monte Carlo simulation. Backtesting is research, not prophecy. | ✓ A multi-currency Strategy Tester with a visual mode. (source: MetaTrader 5 trading platform) |

## 05 Trading and practice

Paper accounts, replaying the past, keeping a journal, and what reaches a live market.

| | Vela | MetaTrader 5 |
| --- | --- | --- |
| Paper trading | ✓ On every plan, Free included: a $100,000 paper account, up to 5 accounts, and market, limit, and stop orders from the chart with a stop loss and a take profit. | ✓ Free demo accounts, opened through brokers. (source: MetaTrader 5 trading platform) |
| Replay | ✓ On every plan with a free account: pick a start bar, play it forward, and trade it on a replay account of its own, with a results card when it ends. Up to 16 charts replay on one clock. | ± The Strategy Tester’s visual mode plays a strategy over history. Manual bar replay is not listed on its platform page (checked November 3, 2026). (source: MetaTrader 5 trading platform) |
| Live trading | ✗ Not on Vela: orders fill on paper. From Essential up, Custom Alerts reach your own bot over signed webhooks. | ✓ Through your broker: 2 market, 6 pending, and 2 stop order types plus a trailing stop, with netting and hedging. (source: MetaTrader 5 trading platform) |

## 06 Platforms

Where it runs and what you need to open it.

| | Vela | MetaTrader 5 |
| --- | --- | --- |
| Apps | ± In the browser, and a free desktop app for macOS, Windows, and Linux. | ✓ Windows and macOS, Linux through an install guide, a web terminal, and iOS and Android apps. (source: Download MetaTrader 5) |
| What you need to open it | ✓ A free LuxAlgo account, no credit card and no brokerage account. | ± A demo or live account from a broker that offers MetaTrader 5. (source: MetaTrader 5 trading platform) |

## 07 Plans

What you get for nothing and how the paid plans are sold.

| | Vela | MetaTrader 5 |
| --- | --- | --- |
| Free plan | ✓ Free, no credit card: 16 charts per tab, unlimited tools per chart, unlimited Price Alerts and 5 Custom Alerts, the Orderflow suite with 1-day lookback, Replay, a $100,000 paper account, and Quant usage that refills every 5 hours and every week. | ✓ Free to download and use; your broker provides the account. (source: Download MetaTrader 5) |
| Paid plans | ✓ Essential, Premium, Ultimate, and AI Ultra, monthly or annual, with a 30-day money-back guarantee on the first payment. | ✓ None: the platform is free, and your broker sets trading costs. (source: Download MetaTrader 5) |

## Which one

- **Vela.** For traders who analyze before they execute: state-of-the-art charts in the browser or on the desktop, footprint and TPO built from real trades, 66 drawing tools, unlimited Price Alerts that reach Telegram, Discord, and Slack, Replay, Pine Script® that runs as written through PineTS, and Quant, our coding agent, built in. Data comes from LuxAlgo, no broker needed. Free to start.
- **MetaTrader 5.** For forex and CFD traders who execute through their broker, run Expert Advisors in MQL5, test them in the multi-currency Strategy Tester, and want phone apps and up to 100 charts open at once.

## Questions traders ask about Vela and MetaTrader 5

Q: Is Vela an alternative to MetaTrader 5 for charting?
A: Yes. Vela, our next-generation charting platform, is built for analysis: candles, bars, line, area, baseline, Heikin Ashi, footprint, and TPO, 66 drawing tools across 7 groups, 16 charts per tab, and real-time data from LuxAlgo on every plan, no broker needed. MetaTrader 5 charts bars, candlesticks, and a line over 21 timeframes, with 44 analytical objects, and executes through your broker.

Q: Does Vela have footprint charts?
A: Yes, on every plan, including Free. The Orderflow suite, footprint, TPO, CVD and delta, and volume profiles, is built from real trades on crypto, US stocks and ETFs, and CME futures. What scales with paid plans is Orderflow lookback: 1 day on Free, up to full history on AI Ultra.

Q: Can I run MQL5 Expert Advisors on Vela?
A: No. Vela runs Pine Script® v6 and v5 as written through PineTS, our open-source runtime. To bring an MQL5 idea over, describe it to Quant, our coding agent, built into Vela: it writes the Pine Script®, tests it against history, and puts it on your chart.

Q: Can I trade from Vela?
A: On paper. Every plan, Free included, comes with a $100,000 paper account, up to 5 accounts, and market, limit, and stop orders from the chart. Orders on Vela do not reach a live market. From Essential up, a Custom Alert on a strategy’s entries and exits can send each order to your own bot as a signed webhook. MetaTrader 5 trades live through the broker that provides it.

Q: What does MetaTrader 5 do that Vela doesn’t?
A: MetaTrader 5 trades live through your broker with market, pending, and stop orders and a trailing stop, runs Expert Advisors written in MQL5, has iOS and Android apps, and opens up to 100 charts at once. Vela runs in the browser and as a desktop app for macOS, Windows, and Linux.

Q: How much does Vela cost?
A: Vela, our next-generation charting platform, is free to start, with no credit card. The paid plans are Essential, Premium, Ultimate, and AI Ultra, billed monthly or annually, and every paid plan carries a 30-day money-back guarantee on the first payment. Current prices are on the pricing page.

Q: Is LuxAlgo affiliated with MetaTrader 5?
A: No. LuxAlgo is an independent company and is not affiliated with, sponsored by, or endorsed by MetaQuotes Ltd.. MetaTrader 5 facts on this page come from MetaQuotes Ltd.’s own public pages.

Q: Where do these facts come from?
A: Vela’s plan entitlements, product pages, and documentation, and MetaTrader 5’s official website and help pages, all checked on November 3, 2026 and linked at the bottom of the page. Plans and features change on both sides; corrections are welcome.

## Sources

- Vela, checked November 3, 2026: [Plans and limits](https://www.luxalgo.com/pricing/)
- Vela, checked November 3, 2026: [Charts](https://www.luxalgo.com/features/charts/)
- Vela, checked November 3, 2026: [Alerts](https://www.luxalgo.com/features/alerts/)
- Vela, checked November 3, 2026: [Orderflow](https://www.luxalgo.com/features/orderflow/)
- Vela, checked November 3, 2026: [Replay](https://www.luxalgo.com/features/replay/)
- Vela, checked November 3, 2026: [Paper trading](https://www.luxalgo.com/features/trading/)
- Vela, checked November 3, 2026: [Journal](https://www.luxalgo.com/trade-journal/)
- Vela, checked November 3, 2026: [Pine Script® on Vela](https://www.luxalgo.com/features/pine-script/)
- Vela, checked November 3, 2026: [Quant](https://www.luxalgo.com/features/quant/)
- Vela, checked November 3, 2026: [Desktop app](https://www.luxalgo.com/desktop/)
- Vela, checked November 3, 2026: [Market data](https://docs.luxalgo.com/platform/charts/data)
- MetaTrader 5 [1], checked November 3, 2026: [MetaTrader 5 trading platform](https://www.metatrader5.com/en/trading-platform)
- MetaTrader 5 [2], checked November 3, 2026: [Download MetaTrader 5](https://www.metatrader5.com/en/download)
- MetaTrader 5 [3], checked November 3, 2026: [Charts (MetaTrader 5 help)](https://www.metatrader5.com/en/terminal/help/charts_analysis/charts)
- MetaTrader 5 [4], checked November 3, 2026: [Build 6060 release notes: AI Assistant and MCP](https://www.metaquotes.net/en/metatrader5/news/5538)

## More comparisons

- [Vela vs TradingView](https://www.luxalgo.com/compare/tradingview/)
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- [Vela vs TrendSpider](https://www.luxalgo.com/compare/trendspider/)
- [Vela vs TC2000](https://www.luxalgo.com/compare/tc2000/)
- [Vela vs TakeProfit](https://www.luxalgo.com/compare/takeprofit/)

## See it on a chart

Free to start, no credit card: 16 charts per tab, unlimited Price Alerts, the Orderflow suite on real trades, Replay, a $100,000 paper account, and Quant, our coding agent, from the first chart. The easiest charts you’ll ever switch to.

Open Vela: https://vela.luxalgo.com/chart · Plans: https://www.luxalgo.com/pricing/ · All comparisons: https://www.luxalgo.com/compare/

"TradingView" and "Pine Script" are trademarks or registered trademarks
of TradingView, Inc. LuxAlgo is not affiliated with, sponsored by, or
endorsed by TradingView, Inc.

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