The How to Guide for MT5 Platform

How to Setup MetaTrader 5 Bitcoin Trading Platform Tutorial Guide

This MT5 platform step by step guide will explain how to tutorials for MT5 platform.

How to Setup MT5

To setup MT5 platform - download the MT5 exe set-up file, Click setup and follow the MT5 installation instructions.

How to Log in to MT5 Platform

To trade with the MT5 Bitcoin Platform you will need to first of all enter bitcoin account details - the MT5 platform will prompt you to enter you bitcoin account details & you as a trader can use enter your bitcoin account login details by clicking the File tab on the MT5 platform at the tops left corner of MetaTrader 5 platform, then select the Login to Trade Account option and then enter your bitcoin trading account details - bitcoin demo account details for MT5 bitcoin practice account & bitcoin live account details for MT5 real bitcoin account.

How to Open a Crypto Instrument on MT5

To open a Crypto Instrument go the MT5 Market Watch Window select the crypto instrument that you want to open and double click on the crypto instrument to open the bitcoin chart for this crypto instrument.

You can also click the click to add button at the bottom of MetaTrader 5 Market Watch Window Panel to add a crypto instrument that isn't listed on the Market Watch Widow.

How to Open a Bitcoin Trade on MT5

To open a bitcoin trade in MetaTrader 5 platform right click within the bitcoin chart and choose the New Order Widow to open a buy or sell bitcoin trade.

A trader can also open the New Order window on the MT5 platform by clicking the MT5 shortcut key - F9, bitcoin traders can press F9 to open the New Order window panel.

From the MT5 New Order window panel a trader can open a buy or a sell bitcoin trade by clicking the Buy by Market to open a buy bitcoin trade or clicking the Sell by Market to open a sell bitcoin trade. From this bitcoin new order trade window a trader can also specify the bitcoin lot size which they want to buy or sell.

How to Open a Buy Trade on MT5

To open a buy bitcoin trade sect the New Order window panel in the MT5 Platform by pressing F9, specify the bitcoin lot size that you want to trade, click the Buy by Market Button Key to open a buy bitcoin trade in MetaTrader 5 Platform.

How to Open a Sell Trade on MT5

To open a sell bitcoin trade sect the New Order window panel in the MT5 Platform by pressing F9, specify the bitcoin lot size that you want to trade, click the Sell by Market Button Key to open a sell bitcoin trade in MetaTrader 5 Platform.

How to Close a Bitcoin Trade on MT5

Open the MetaTrader 5 Terminal Window where open bitcoin trades are displayed on the MT5 Platform by pressing MT5 shortcut Keys CTRL+T, then select the bitcoin trade that you want to close, then select Close Order option - & this then opens a bitcoin Order window to close the bitcoin trade - click the yellow Close button key to close the bitcoin trade in MetaTrader 5 platform.

How to Set Take Profit on MT5

Take Profit Level can be set when opening a new bitcoin trade in MetaTrader 5 platform. On the New Order window provided on the MT5 platform there is a field for Take Profit - this is where a trader will specify the take-profit level for their open bitcoin trade.

Take Profit Level can also be set when modifying an already open bitcoin trade, to modify & set take profit for an open bitcoin trade - right click on the trade that you want to modify in the MT5 Terminal Window Panel or on the Bitcoin chart, Choose Modify Order, Choose Take Profit and set the Take Profit Level that you want for your open bitcoin trade.

How to Set Stop Loss on MT5

StopLoss Level can be set when opening a new bitcoin trade in MetaTrader 5 platform. On the New Order window provided on the MT5 platform there is a field for Stop Loss - this is where a trader will specify the stop-loss level for their open bitcoin trade.

Stop-Loss Level can also be set when modifying an already open bitcoin trade, to modify & set a stop loss for an open bitcoin trade - right-click on bitcoin trade that you want to modify on the MT5 Terminal Window or on the Bitcoin chart, Select Modify Order, Choose Stop Loss and set the Stop Loss Level you want for your open bitcoin trade.

How to Place a Bitcoin Pending Order on MT5

To place a bitcoin pending order open the New Order Window on the MT5 platform, then change the bitcoin order Type from Market Execution to Pending Order.

Bitcoin traders can then select the bitcoin pending order that they want to set, the pending trading orders are buy limit, buy stop, sell limit, sell stop.

The How to Guide for MT5 Platform