The How to Guide for MetaTrader 5 Platform
How to Setup MetaTrader 5 Bitcoin Platform Tutorial Guide
This MetaTrader 5 platform step by step guide will explain how to tutorials for MetaTrader 5 platform.
How to Setup MetaTrader 5
To setup MetaTrader 5 software - download MT5 exe set-up file, Click setup & follow MetaTrader 5 installation instructions.
How to Login to MT5
To trade with the MetaTrader 5 Bitcoin Platform you'll need to first of all enter bitcoin account details - the MetaTrader 5 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 MT5 software, 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 MetaTrader 5 real bitcoin trading account.
How to Open a Crypto Instrument on MetaTrader 5
To open a Crypto Instrument go the MetaTrader 5 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 to add a crypto instrument that is not listed on the Market Watch Widow.
How to Open a Bitcoin Trade on MetaTrader 5
To open a bitcoin trade in the MetaTrader 5 platform right click within the bitcoin chart & select the New Order Widow to open a buy or sell trade transaction.
A trader can also open the New Order window on the MT5 platform by clicking the MetaTrader 5 shortcut key - F9, bitcoin traders can press F9 to open the New Order window.
From MetaTrader 5 New Order window 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 MetaTrader 5
To open a buy bitcoin trade sect the New Order window panel in MT5 Platform by pressing F9, specify the bitcoin lot size that you want to trade, click the Buy by Market Button to open a buy bitcoin trade in MetaTrader 5 Platform.
How to Open a Sell Trade on MetaTrader 5
To open a sell bitcoin trade sect the New Order window panel in MT5 Platform by pressing F9, specify the bitcoin lot size that you want to trade, click the Sell by Market Button to open a sell bitcoin trade in MetaTrader 5 Platform.
How to Close a Bitcoin Trade on MetaTrader 5
Open the MT5 Terminal Window where open bitcoin trades are displayed on the MetaTrader 5 Platform by pressing MT5 shortcut Keys CTRL+T, then select the bitcoin trade 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 to close the bitcoin trade in the MetaTrader 5 platform.
How to Set Take Profit on MetaTrader 5
Take Profit Level can be set when opening a new bitcoin trade in the MetaTrader 5 platform. On the New Order window provided on the MetaTrader 5 platform there is a field for Take Profit - this is where a trader will specify the take-profit level for their open bitcoin trade transaction.
Take Profit Level can also be set when modifying an already open bitcoin trade, to modify and set take profit for an open bitcoin trade - right-click on the trade that you want to modify on the MetaTrader 5 Terminal Window or on the Bitcoin chart, Choose Modify Order, Choose Take Profit and set the Take Profit Level you want for your open bitcoin trade transaction.
How to Set Stop Loss on MetaTrader 5
Stop-Loss Level can be set when opening a new bitcoin trade in the MetaTrader 5 platform. On the New Order window provided on the MetaTrader 5 platform there is a field for Stop Loss - this is where a trader will specify the stop-loss level for their open bitcoin trade transaction.
Stop-Loss Level can also be set when modifying an already open bitcoin trade, to modify and set a stop loss for an open bitcoin trade - right-click on the bitcoin trade that you want to modify on the MetaTrader 5 Terminal Window or on the Bitcoin chart, Choose Modify Order, Choose Stop Loss and set the Stop Loss Level you want for your open bitcoin trade transaction.
How to Place a Bitcoin Pending Order on MetaTrader 5
To place a bitcoin pending order open the New Order Window on the MetaTrader 5 platform, then change the bitcoin order Type from Market Execution to Pending Order.
Bitcoin traders can then choose the bitcoin pending order which they want to set, the pending trading orders are buy limit, buy stop, sell limit, sell stop.
The How to Tutorial for MT5 Platform
