How to Trade Boom and Crash on MetaTrader 5 (MT5)

Looking for how to trade Boom and Crash on MT5?
You’re in the right place. In this blog post, I’m going to show you—step by step—how to trade Boom and Crash indices on MT5.

Boom and Crash are synthetic indices that have gained massive popularity in recent years. These instruments are very different from traditional currency pairs in the forex market.

Many traders prefer trading Boom and Crash (and other synthetic indices) because they offer unique advantages over currency pairs. One of the major advantages is their predictable behavior based on tick movements.

Understanding Boom and Crash Indices

Boom and Crash indices are synthetic instruments characterized by sudden spikes or crashes depending on the specific index.

• Boom Indices (Boom 1000, Boom 500, Boom 300)
  These are known for intermittent sudden upward spikes after periods of consolidation.

  • Boom 1000 experiences upward spikes on average after every 1000 ticks.

  • Boom 500 spikes upward on average after 500 ticks.

  • Boom 300 works similarly but at a different tick frequency.

• Crash Indices (Crash 1000, Crash 500, Crash 300)
  These move opposite to Boom. They are known for sudden downward crashes after some upward consolidation.

  • Crash 1000 typically experiences a downward crash after 1000 ticks.

  • Crash 500 crashes downward on average after 500 ticks.

  • Crash 300 follows the same pattern with a smaller tick interval.

Where Can You Trade Boom and Crash?

Boom and Crash indices are offered exclusively by one broker—Deriv.
In this guide, I will show you:

• How to sign up for a Deriv account

• How to create a synthetic indices trading account

• How to connect your Deriv MT5 account

• And finally, how to start trading Boom and Crash on MT5

Let’s get started.

How to Trade Boom and Crash on MT5

Here is a step-by-step guide on how to Trade Boom and Crash on MT5

Step 1: Sign Up with Boom and Crash Broker

Boom and crash is a synthetic indices instrument offered by only one broker called Deriv. If you want to trade boom and crash, you need to sign up with Deriv and create a synthetic indices trading account.

To begin, visit the Deriv sign-up page and you will be brought to a page that looks like this:

Then enter your email address and then click on the “Create account” button. You will be prompted to verify your email address. After completing the email verification, you will be brought to a page that looks like this:

Step 2: Create a synthetic indices trading account

To be able to trade boom and crash on MT5, you need to create a synthetic indices trading account with Deriv and then connect the account to MT5.

To begin, switch from the option to CFD and then click on the “get button” beside “standard account” as shown below.

After you click on the “get button,” you will be prompted to create a password. Endeavor to choose a password you will remember and note it down because you will need it to connect your account to MT5.

Step 3: Connect Your Trading Account to MT5

After creating a standard DMT5 account, the next thing is to connect your account to MT5.

As shown on the image below, tap on the open button to open the DMT5 login details

Then copy the login ID and note down every other DMT5 login detail, as you will need them to sign in to your MT5 application.

You can watch the video below to learn how to connect your trading account to MT5.

After noting the MT5 login details, Open your MT5 app and click on the plus button as shown on the image below.

Then search for “Deriv” and select “Deriv SVG” as the server in the search result;

Then enter your login details as you noted them previously

Then click on the login button, and you will be logged in to your DMT5 account automatically.

Step 4: Start Trading Boom and Crash

After connecting your synthetic indices trading account to MT5, the next thing is to add boom and crash indices to the quotes tab and start trading.

To begin, switch to the quotes tab and then click on the “plus button” as shown below.

tab.

Then search and select “Crash Boom indices” as shown below;

Then tick the specific boom and crash instrument that you want to trade so that they will be added to the quotes tab.

After ticking the specific boom and crash indices, they will be added to the quotes tab, and you can then start analyzing them and placing trades.

And that is on how you can trade boom and crash on MT5. If you prefer a video guide, you can check out the video below.