{"id":7858,"date":"2024-09-10T16:00:29","date_gmt":"2024-09-10T07:00:29","guid":{"rendered":"https:\/\/is6.com\/info\/?p=7858"},"modified":"2024-12-27T17:49:43","modified_gmt":"2024-12-27T08:49:43","slug":"20211019","status":"publish","type":"post","link":"https:\/\/is6.com\/info\/en\/manual\/20211019\/","title":{"rendered":"[PC Version MT5] Chapter 7: Let&#8217;s Try Trading with MetaTrader 5"},"content":{"rendered":"<h2>Watch the video to see how to trade<\/h2>\n<h4>Windows PC<\/h4>\n<div class=\"youtube\">\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/pr65Ot4kKds?si=fHNBiiJKGM4uIkSo\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<h4>MacOS<\/h4>\n<div class=\"youtube\">\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/LcPxwO0g_oI?si=e9gYLvsvLJOixQQ0\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<h2>Introduction to Order Methods in MetaTrader 5 (MT5)<\/h2>\n<p>MT5 supports various order methods, including standard &#8220;Market Orders&#8221; and &#8220;Pending Orders,&#8221; among others.<br \/>\nThere are four main ways to place new orders:<\/p>\n<h3>(1) Placing Orders via the Toolbar&#8217;s New Order Button<\/h3>\n<p>Clicking the &#8220;New Order&#8221; button opens the &#8220;Place Order&#8221; window.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-1.jpg\" alt=\"How to Place Orders via the Toolbar's New Order Button\" width=\"904\" height=\"444\" class=\"alignnone size-full wp-image-7875 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-1.jpg 904w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-1-300x147.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-1-768x377.jpg 768w\" sizes=\"auto, (max-width: 904px) 100vw, 904px\" \/><\/p>\n<h3>(2) Placing Orders from the Trading Chart<\/h3>\n<p>Right-click on the trading chart, select &#8220;New Order&#8221; from the &#8220;Price Board&#8221; menu.<br \/>\nThe &#8220;New Order&#8221; window will open.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-2.jpg\" alt=\"How to Place Orders from the Trading Chart\" width=\"910\" height=\"458\" class=\"alignnone size-full wp-image-7862 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-2.jpg 910w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-2-300x151.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-2-768x387.jpg 768w\" sizes=\"auto, (max-width: 910px) 100vw, 910px\" \/><\/p>\n<h3>(3) Placing Orders from the Market Watch<\/h3>\n<p>Right-click on the desired instrument in the Market Watch window, select &#8220;New Order.&#8221;<br \/>\nThe &#8220;New Order&#8221; window will open.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-3.jpg\" alt=\"How to Place Orders from the Market Watch\" width=\"905\" height=\"549\" class=\"alignnone size-full wp-image-7863 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-3.jpg 905w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-3-300x182.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-3-768x466.jpg 768w\" sizes=\"auto, (max-width: 905px) 100vw, 905px\" \/><\/p>\n<h3>(4) Placing Orders via One Click Trading<\/h3>\n<p>Click the \u25bc icon on the currency pair information at the top of the chart, or right-click and select One Click Trading.<br \/>\nClicking SELL or BUY will display the disclaimer for One Click Trading.<br \/>\nCheck the box for &#8220;I agree to these terms and conditions,&#8221; and click the &#8220;OK&#8221; button.<br \/>\nAfter this, new orders can be placed with a single click.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-4.jpg\" alt=\"How to Place Orders via One Click Trading\" width=\"907\" height=\"527\" class=\"alignnone size-full wp-image-7864 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-4.jpg 907w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-4-300x174.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-4-768x446.jpg 768w\" sizes=\"auto, (max-width: 907px) 100vw, 907px\" \/><\/p>\n<div class=\"caution\">\n<p style=\"margin-bottom:0;\">\n*Note: One Click Trading orders are market orders, executed immediately upon clicking.<br \/>\n*Note: One Click Trading does not support single-click closing.<\/p>\n<\/div>\n<h2>Placing a New Order<\/h2>\n<h3>(1) Market Order<\/h3>\n<p>A market order is a method of buying or selling directly at the market rate, which is quoted in real time.<\/p>\n<h4>Instrument<\/h4>\n<p>Confirm the currency pair you want to trade.<\/p>\n<h4>Type<\/h4>\n<p>For market orders, select &#8220;Market Execution.&#8221;<\/p>\n<h4>Volume<\/h4>\n<p>0.01 lot = 1,000 currency units<br \/>\n0.1 lot = 10,000 currency units<br \/>\n1.00 lot = 100,000 currency units<br \/>\n(For standard and professional accounts. For micro accounts, 1.00 lot = 1,000 currency units)<\/p>\n<h4>Stop Loss\/Take Profit<\/h4>\n<p>Set the Stop Loss (SL) and Take Profit (TP) levels.<\/p>\n<h4>Comment<\/h4>\n<p>Enter comments if you want to record the reason for the trade.<\/p>\n<h4>Order Type<\/h4>\n<p>After setting the order details, choose &#8220;Sell by Market&#8221; or &#8220;Buy by Market&#8221; to complete the order.<\/p>\n<h3>(2) Selecting Currency Pair and Volume<\/h3>\n<p>Select the chart of the currency pair for which you want to place an order and click the &#8220;New Order&#8221; button. The &#8220;Place Order&#8221; window will pop up in the center of the screen.<\/p>\n<h4>Instrument<\/h4>\n<p>The selected currency pair is usually displayed.<br \/>\nYou can select other currency pairs from the dropdown menu by clicking the \u25bc icon on the right.\t<\/p>\n<h4>Volume<\/h4>\n<p>Directly enter the desired volume.<\/p>\n<p>\u203bNote: In MetaTrader 5, 1.00 lot represents 100,000 currency units, and 0.1 lot represents 10,000 currency units. Be careful not to make a mistake in the trade volume.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-5.jpg\" alt=\"Currency Pair and Volume\" width=\"975\" height=\"543\" class=\"alignnone size-full wp-image-7865 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-5.jpg 975w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-5-300x167.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-5-768x428.jpg 768w\" sizes=\"auto, (max-width: 975px) 100vw, 975px\" \/><\/p>\n<h3>(3) Market Sell and Market Buy Orders<\/h3>\n<p>Confirm the volume, then click the red &#8220;Sell by Market&#8221; button to sell, or the blue &#8220;Buy by Market&#8221; button to buy.<\/p>\n<p>\u203bNote: This order will place a standard account currency pair AUDCAD at 1.00 lot (100,000 units).*<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-6.jpg\" alt=\"\" width=\"778\" height=\"391\" class=\"alignnone size-full wp-image-7866 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-6.jpg 778w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-6-300x151.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-6-768x386.jpg 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/p>\n<h3>(4) Confirming Orders Placed<\/h3>\n<p>After the order is placed, a confirmation window will be displayed. Click the &#8220;OK&#8221; button to close the window.<\/p>\n<p>\u203bNote: If you want to print the order processing details, don&#8217;t forget to print them.*<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-7.jpg\" alt=\"Order Confirmation Screen\" width=\"779\" height=\"390\" class=\"alignnone size-full wp-image-7867 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-7.jpg 779w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-7-300x150.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-7-768x384.jpg 768w\" sizes=\"auto, (max-width: 779px) 100vw, 779px\" \/><\/p>\n<h3>(5) Checking Positions<\/h3>\n<p>Select the &#8220;Trade&#8221; tab from the toolbox at the bottom to check the positions you have ordered.<\/p>\n<p>\u203bNote: This order will be for a standard account currency pair AUDCAD at 1.00 lot (100,000 units).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-8.jpg\" alt=\"Checking Positions\" width=\"1000\" height=\"776\" class=\"alignnone size-full wp-image-7868 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-8.jpg 1000w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-8-300x233.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-8-768x596.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/p>\n<h2>Choosing New Pending Orders<\/h2>\n<h3>(1) Selecting Order Type<\/h3>\n<p>Click the &#8220;New Order&#8221; button to display the &#8220;Place Order&#8221; window,<br \/>\nthen click &#8220;Type.&#8221;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-9.jpg\" alt=\"\" width=\"775\" height=\"388\" class=\"alignnone size-full wp-image-7869 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-9.jpg 775w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-9-300x150.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-9-768x384.jpg 768w\" sizes=\"auto, (max-width: 775px) 100vw, 775px\" \/><\/p>\n<h3>(2) Pending Order<\/h3>\n<p>Select &#8220;Pending Order&#8221; from the options.<\/p>\n<p>\u203bNote: The default setting is &#8220;Market Execution.&#8221;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-10.jpg\" alt=\"Pending Order or Stop Order\" width=\"777\" height=\"388\" class=\"alignnone size-full wp-image-7870 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-10.jpg 777w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-10-300x150.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-10-768x384.jpg 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/p>\n<h3>(3) Setting the Type<\/h3>\n<p>Select the type from the options.<br \/>\nEnter the SL price in Stop Loss and the TP price in Take Profit.<\/p>\n<h4>Types<\/h4>\n<ul>\n<li>Buy Limit (Pending Buy Order)<\/li>\n<li>Sell Limit (Pending Sell Order)<\/li>\n<li>Buy Stop (Pending Buy Stop Order)<\/li>\n<li>Sell Stop (Pending Sell Stop Order)<\/li>\n<li>Buy Stop Limit<\/li>\n<li>Sell Stop Limit<\/li>\n<\/ul>\n<p>Note: &#8220;Buy Stop Limit&#8221; and &#8220;Sell Stop Limit&#8221; are order types available only in MT5, not in MT4.<br \/>\nThey allow pending orders to be placed when the specified price is reached, ensuring that the pending order is not executed at an unfavorable price.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-11.jpg\" alt=\"Setting Pending Orders\" width=\"778\" height=\"387\" class=\"alignnone size-full wp-image-7871 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-11.jpg 778w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-11-300x149.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-11-768x382.jpg 768w\" sizes=\"auto, (max-width: 778px) 100vw, 778px\" \/><\/p>\n<h3>(4) About IFDOCO Orders<\/h3>\n<p>Input the order with price (100.000), stop loss (99.000), and take profit (102.000).<br \/>\nAn IfDone order method means that when the new order at 100.000 is triggered, an OCO order (SL at 99.000, TP at 102.000) is placed simultaneously.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-12.jpg\" alt=\"IFDOCO Order\" width=\"776\" height=\"389\" class=\"alignnone size-full wp-image-7872 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-12.jpg 776w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-12-300x150.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-12-768x385.jpg 768w\" sizes=\"auto, (max-width: 776px) 100vw, 776px\" \/><\/p>\n<h3>(5) Confirming the Orders Placed<\/h3>\n<p>After checking the order details and price input, press the order button.<br \/>\nA confirmation window will be displayed, so click the &#8220;OK&#8221; button to close the window.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-13.jpg\" alt=\"Confirming the Orders Placed\" width=\"777\" height=\"388\" class=\"alignnone size-full wp-image-7873 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-13.jpg 777w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-13-300x150.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-13-768x384.jpg 768w\" sizes=\"auto, (max-width: 777px) 100vw, 777px\" \/><\/p>\n<h3>(6) Checking Positions<\/h3>\n<p>Select the &#8220;Trade&#8221; tab from the toolbox at the bottom to check the positions you have ordered.<\/p>\n<p>\u203bNote: This order will be for a standard account currency pair AUDCAD at 1.00 lot (100,000 units), with a new order at 100.000, SL at 99.000, and TP at 102.000.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-14.jpg\" alt=\"Checking Positions\" width=\"986\" height=\"213\" class=\"alignnone size-full wp-image-7874 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-14.jpg 986w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-14-300x65.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2024\/09\/7-14-768x166.jpg 768w\" sizes=\"auto, (max-width: 986px) 100vw, 986px\" \/><\/p>\n<p>\u203bNote: If you are placing only an IFD order, send the order without entering a take profit value.<\/p>\n<p><strong>Example of IFD Order<\/strong><br \/>\n&#8211; Pending Order: 101.00<br \/>\n&#8211; Stop Loss: 100.00<br \/>\n&#8211; Take Profit: 0.000<\/p>\n<p><a class=\"btn tc mt30\" href=\"https:\/\/is6.com\/info\/en\/manual\/20211020\/\">[PC Version MT5] Chapter 8: Closing Orders<\/a><\/p>\n<style>\nh4{\nmargin:15px 0 5px;\ncolor:#ffc91f; \n}\n#toc_container ul ul ul{\ndisplay:none;\n}\n<\/style>\n","protected":false},"excerpt":{"rendered":"<p>Watch the video to see how to trade Windows PC MacOS Introduction to Order Methods in MetaTrader 5 (MT5) MT5 supports various order methods, including standard &#8220;Market Orders&#8221; and &#8220;Pending Orders,&#8221; among others. There are four main ways to place new orders: (1) Placing Orders via the Toolbar&#8217;s New Order Button Clicking the &#8220;New Order&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":880,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_locale":"en_US","_original_post":"3816","footnotes":""},"categories":[15,3],"tags":[],"class_list":["post-7858","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mt5","category-manual","en-US"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/posts\/7858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/comments?post=7858"}],"version-history":[{"count":7,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/posts\/7858\/revisions"}],"predecessor-version":[{"id":9042,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/posts\/7858\/revisions\/9042"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/media\/880"}],"wp:attachment":[{"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/media?parent=7858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/categories?post=7858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/tags?post=7858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}