How to Read Buy & Sell Orders in MT5 Charts
How Do You Interpret Buy & Sell Orders in MetaTrader 5 Charts?
To open a buy or a sell trade in MT5 platform - open the Market Watch Window, Select the XAUUSD Quote you want to open a Trade with, open the chart of the instrument symbol by double clicking on the quote, then from the chart open a buy or sell trade using the MT5 order window pictured below:
Place New Order on Tools Menu on MT5 Software
A new buy or sell order to buy or sell xauusd can be found on the tools menu that's found in the MetaTrader 5 Trading Platform. The "New Order" button for placing a new trade transaction on the MT5 platform is pictured below. (MetaTrader 5 Short Cut Keyboard Keys 'F9')
How Do You Read Buy & Sell Orders on MetaTrader 5 Charts
Placing a New Order
As a trader, once you choose the new order button as shown above the following trade order pop up window will appear. This pop up includes settings for placing a new trade.
Select Buy to open a Buy Trade
Select Sell to open a Sell Trade
How Do I Read Buy and Sell Orders in MT5 Charts
The Following Setting are specified for setting new trade order:
- Quote - Specify the trading instrument to be traded.
- Volume - The Number of Lots to be transacted
- Stop Loss - Set StopLoss, This option can be set after opening a trade transaction, or for pending orders
- TP Order - Set Take Profit, This option can be set after opening a trade, or for pending orders
- Type: Market Execution or Pending Order
- Sell by Market - Open Sell Trade
- Buy by Market - Open Buy Trade
To Buy at current price select Buy by Market button
To Sell at current price choose Sell by Market button
Analyze Buy & Sell Orders in MetaTrader 5 Charts?
