TRADE ON MT5 DESKTOP

The following guide will, show you how to open and close a trade in MetaTrader 5 Desktop. Both applications Provide the same basic functionality for trading, the desktop version provides additional features and automated trading not discussed here.

NOTE: We recommend you become familiar with the MT5 Mobile and Webtrader APPs so that you may close trades from where-ever and when-ever.

Open your MetaTrader 5 App from desktop and Start trading. You can find the app on your start menu on windows.

First open the symbol you want to trade, you can do this from the left Market Watch menu. In this case we are trading GBPUSD

OR

Open the chart symbol you want to trade then One-Click Use One-click trading to execute your trade.

Double click the symbol you want to trade in Market Watch, this will open the order window.

If you don't see your symbol in the list select click to add at the bottom of Market watch

There are many ways to open and close trades. Here you can see the One-click Trading dialog. To open or close the dialog click the icon above it.

Adjust your position size in lots up or down here.

Click BUY or SELL to Execute the order.

This will instantly execute a trade with the symbol on the displayed chart. Ensure you have the correct symbol Open!

We can now see a BUY order has been opened on the chart. At this time you can add or adjust the Take-profit (TP) and Stoploss (SL).

We strongly recommend you open a SL and TP if you intend on leaving your terminal

To add the Take-profit (TP) and Stop-loss (SL) right click on the Order on the chart or in the trade menu at the bottom of MetaTrader.

Click Modify or Delete Order to adjust TP and SL.

The Trade Tab can be found at the Bottom of the MetaTrader Window, when you select the tab you will see all open and pending orders.

Here you can Create a New Order, Close Position and Order or Modify and Delete and Order.

Set the Stop-loss (SL). Enter a price for Stop-loss or number of pips (points). For a buy order you want the Stop-loss to be the less than the current price.

Set the Take-profit (TP). Enter a price for Take-profit or Number of pips (points). For a buy order you want the Take-profit to be the greater than the current price.

See the results. We have the TP and SL set for the trade TP in blue and SL in red.

Click OK to finish the SL and TP, take note of the price values you sent for these targets

When you apply stop-loss (SL) and take-proift (TP) you will see these values on the chart surrounding your Order. You can now drag the TP and SL with your mouse

The order and SL and TP will have the order ID so You can manage multiple open trades on the same Chart.

Closing the open order is easy. We do the same way we modified our order in the previous steps

Click the Close Position menu option, this will open the order menu again.

Click the Yellow Close button and the Close position order will be executed.

Check the trade tab to ensure the trade has been Closed.

Ensure that you are closing the correct Order Number #xxxxxx. If you have any doubts check the chart.

*Note: Supports Windows XP and above users with Mac, Linux or other please use the Web-trader (trade now).

TRADE ON MT5 DESKTOP

The following guide will, show you how to open and close a trade in MetaTrader 5 Desktop. Both applications Provide the same basic functionality for trading, the desktop version provides additional features and automated trading not discussed here.

NOTE: We recommend you become familiar with the MT5 Mobile and Webtrader APPs so that you may close trades from where-ever and when-ever.

 

Open your MetaTrader 5 App from desktop and Start trading. You can find the app on your start menu on windows.

First open the symbol you want to trade, you can do this from the left Market Watch menu. In this case we are trading GBPUSD

OR

Open the chart symbol you want to trade then One-Click Use One-click trading to execute your trade.

 

Double click the symbol you want to trade in Market Watch, this will open the order window.

If you don't see your symbol in the list select click to add at the bottom of Market watch

 

There are many ways to open and close trades. Here you can see the One-click Trading dialog. To open or close the dialog click the icon above it.

Adjust your position size in lots up or down here.

Click BUY or SELL to Execute the order.

This will instantly execute a trade with the symbol on the displayed chart. Ensure you have the correct symbol Open!

 

We can now see a BUY order has been opened on the chart. At this time you can add or adjust the Take-profit (TP) and Stoploss (SL).

We strongly recommend you open a SL and TP if you intend on leaving your terminal

 

To add the Take-profit (TP) and Stop-loss (SL) right click on the Order on the chart or in the trade menu at the bottom of MetaTrader.

Click Modify or Delete Order to adjust TP and SL.

 

The Trade Tab can be found at the Bottom of the MetaTrader Window, when you select the tab you will see all open and pending orders.

Here you can Create a New Order, Close Position and Order or Modify and Delete and Order.

 

Set the Stop-loss (SL). Enter a price for Stop-loss or number of pips (points). For a buy order you want the Stop-loss to be the less than the current price.

Set the Take-profit (TP). Enter a price for Take-profit or Number of pips (points). For a buy order you want the Take-profit to be the greater than the current price.

 

See the results. We have the TP and SL set for the trade TP in blue and SL in red.

Click OK to finish the SL and TP, take note of the price values you sent for these targets

 

When you apply stop-loss (SL) and take-proift (TP) you will see these values on the chart surrounding your Order. You can now drag the TP and SL with your mouse

The order and SL and TP will have the order ID so You can manage multiple open trades on the same Chart.

 

Closing the open order is easy. We do the same way we modified our order in the previous steps

Click the Close Position menu option, this will open the order menu again.

 

Click the Yellow Close button and the Close position order will be executed.

Check the trade tab to ensure the trade has been Closed.

Ensure that you are closing the correct Order Number #xxxxxx. If you have any doubts check the chart.

*Note: Supports Windows XP and above users with Mac, Linux or other please use the Web-trader (trade now).

Download the Desktop version and start trading today!

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