The How to Guide for MT5 Software

How to Setup MetaTrader 5 Bitcoin Software Guide

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

How to Setup MetaTrader 5

To install the MT5 software: obtain the MT5 executable setup file, launch the setup, and adhere to the installation instructions provided by MT5.

How to Login to MT5

To start trading on the MT5 Bitcoin Platform, you need to enter your bitcoin account information. The program will ask you to do this by clicking on "Sign In to Trade Account" under the File tab at the top left of the MT5 platform. Fill in your account details for either a practice account or a real trading account. This will allow you to use all the trading features on the MT5 platform.

How to Open a Crypto Instrument in the MT5 Platform

To initiate the charting process for a Crypto Instrument within MT5, navigate to the Market-Watch Window, select the desired cryptocurrency instrument, and then double-click on it to load the corresponding Bitcoin chart for that instrument.

Click the add button at the bottom of the MT5 market watch panel to include a missing crypto tool.

How to Open a Bitcoin Trade on MT5 Platform Software

To open a bitcoin trade in the MT5 platform software right click within the bitcoin chart & choose the New Order Widow to open a buy/sell trade.

One can also open the New Order window on the MT5 software by clicking the MT5 short cut key - "F9", bitcoin crypto traders can press 'F9' to open the New Order panel.

A trader can initiate a buy or sell bitcoin trade from the MT5 New Order window by clicking Buy by Market to open a buy bitcoin trade or clicking Sell by Market to open a sell bitcoin trade. The bitcoin lot size that one wants to buy or sell may also be specified from this bitcoin new order trading panel.

How to Open a Buy Trade in the MT5 Platform

For a buy bitcoin order in MT5, hit F9 for the new order window. Set your lot size. Click buy by market to enter the trade.

How to Open Sell Trade on MT5 Platform Software

To open a sell bitcoin trade choose the New Order window in MT5 Software by pressing F9, specify the bitcoin lot size that which you as the trader want trade, click Sell by Market Button to open a sell bitcoin trade in MT5 Software.

How to Close a Bitcoin Trade in the MT5 Platform

Open the MT5 Terminal Window, where your open bitcoin trades show up on the MT5 Software, by pressing the MetaTrader 5 shortcut keys CTRL+T: then, pick the bitcoin trade you want to close, and choose the Close Order option. This opens a bitcoin Order window for closing the bitcoin trade: press the yellow Close button to close the bitcoin trade in the MT5 software.

How to Place Take Profit in MT5 Platform Software

TP Zone can be placed when opening a new bitcoin trade in the MT5 platform. On the New Order window provided on the MT5 platform there is a field for TakeProfit - this is where a trader will specify the take-profit level for their open bitcoin trade.

You can change the take-profit level for an open Bitcoin trade right in your platform. Right-click the trade in MT5's terminal or on the Bitcoin chart. Choose Modify Order. Set the take-profit for your BTCUSD trade.

How to Place StopLoss in MT5 Software Platform

Stop Loss Level can be set when opening a new bitcoin trade in the MT5 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.

You can add a stop loss to an open Bitcoin trade too. To change and set a stop loss, right-click the Bitcoin trade in the MT5 Terminal or on the chart. Select Modify Order. Pick Stop Loss and enter the level you want for your BTCUSD position.

How Do You Place a Bitcoin Pending Order on the MT5 Platform

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

BTC USD CryptoCurrency traders can then pick the bitcoin pending order they want to set, such as buy limit, buy stop, sell limit, and sell stop orders.

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