How Do You Set Forex Orders in MetaTrader 5 Trading Charts?

How Do You Set Forex Orders in MetaTrader 5 Trading Charts?

To set a new forex order in MetaTrader 5 software use the procedure described below:

Place New Forex Order in Tools Menu in MT5 Software

A new FX order to buy or sell a trade can be found on the tools popup menu within the MT5 Software as illustrated below. The New order button for placing a new FX trade is displayed and shown and illustrated below. ( MT5 Short Cut Keys "F9")

How Do You Set Forex Orders in MT5 Charts?

Placing a New Forex Order

Once you select the new forex order button key as illustrated above the following forex order popup window will appear.

This pop up includes settings for placing a new forex trade order.

How Do You Set Forex Orders in MetaTrader 5 Trading Charts?

The Following Order Setting are specified for setting up a new forex order:

1. Symbol - Specify the forex instrument to be traded.
2. Volume - The Number of Lots to be transacted
3. Stop Loss - Set Stop Loss, This option can be set after opening the trade, or for pending orders
4. Take Profit - Set Take Profit, This option can be set after opening the trade, or for pending orders
5. Type: Market Execution or Pending Order
6. Sell by Market - Open a Sell Forex Trade
7. Buy by Market - Open a Buy Forex Trade

To Buy at current forex price & open a new forex order select Buy by Market forex order button

To Sell at current forex price & open a new forex order select Sell by Market forex order button

How Do You Set Forex Orders in MetaTrader 5 Trading Charts?