The How to Course for MT5 Software
How to Setup MT5 Platform Step by Step Guide
This Meta Trader 5 platform step by step tutorial will explain how to tutorials for MT5 platform.
How to Setup MT5
To setup MetaTrader 5 platform - download MT5 exe set-up file, Click install and follow MetaTrader 5 installation instructions.
How to Log in to MT5 Platform Software
To trade with the MT5 Platform you will need to first of all enter gold account credentials - the MT5 platform will prompt you to enter you gold account details & you as the trader can use enter your gold account log in credentials by clicking the File tab in the MetaTrader 5 platform at the top left corner of MetaTrader 5 platform, then choose the Login to Trade Account option and then enter your gold account credentials - practice account details for Meta Trader 5 demo account & live account details for MetaTrader 5 live gold account.
How to Open a Gold on MT5
To open a Gold go the MT5 Market Watch Window select the gold instrument that you want to open and doubleclick the gold instrument to open the gold chart for this gold instrument.
You can also tap the click to add button at the bottom of the MetaTrader 5 Market Watch Window Panel to add a gold instrument that isn't listed on the Market-Watch Widow.
How to Open a Gold Trade on MT5
To open a gold trade in MT5 platform right click within the gold chart and choose the New Order Widow to open a buy or sell trade.
A trader can also open the New Order window on the MetaTrader 5 software by clicking the MetaTrader 5 short-cut key - F9, traders can press F9 to open the New Order panel.
From MetaTrader 5 New Order panel a trader can open a buy or a sell trade by clicking Buy by Market to open buy gold trade or clicking Sell by Market to open sell trade. From this gold new order trade window a trader also can specify the gold lot size that they want to buy or sell.
How to Open a Buy Trade on MetaTrader 5
To open a buy gold trade choose the New Order panel in the MT5 Software by pressing F9, specify the gold lot size you want to trade, click the Buy by Market Button Key to open a buy gold trade in MetaTrader 5 Platform.
How to Open a Sell Trade on MetaTrader 5
To open a sell trade select the New Order panel in the MT5 Software by pressing F9, specify the gold lot size you want to trade, click the Sell by Market Button Key to open a sell trade in MetaTrader 5 Platform.
How to Close a Gold Trade on MT5
Open the MetaTrader 5 Terminal Window where open trades are highlighted on the MetaTrader 5 Software by pressing MetaTrader 5 short-cut Keys CTRL+T, then choose the gold trade that you as a trader want to close, then choose Close Order option - & this then opens a gold Order panel to close the gold trade - press yellow Close button to close the gold trade in MT5 software.
How to Set Take Profit on MetaTrader 5
TP Zone can be placed when opening a new gold trade in MT5 software. On the New Order window provided on the MT5 software there is a field for Take Profit - this is where a trader will specify the take profit level for their open trade.
TP Zone also can be set when adjusting an open trade, to modify and set take profit for an open trade - right click on trade you want to modify on the MT5 Terminal Window Panel or on the chart, Choose Modify Order, Select Take Profit & set the Take Profit Level that you want for your open trade.
How to Set Stop Loss in MT5
Stop Loss Zone can be set when opening a new gold trade in MT5 software. 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 stoploss level for their open trade.
Stop Loss Zone can also be set when your adjusting an already open trade, to modify and set a stop loss for an open trade - right click on trade that you want to modify on the MetaTrader 5 Terminal Window or on the chart, Choose Modify Order, Choose Stop Loss and set the Stop Loss Level you want for your open trade.
How Do I Set a Gold Pending Order on MT5
To place a gold pending order open the New Order Window on the MetaTrader 5 software, then change the gold order from Market Execution Order to Pending Order.
Traders can then choose the gold pending order that they want to set, these pending orders are buy limit, buy stop, sell limit, sell stop.
The How to Course for MT5 Software
