MetaTrader 5

Open a window and click New Order or simply use your hotkey, F9. Alternatively, right-click on the chart > Trading > New Order

Your order ticket window has three key fields:

1. The Type field is where you can place an order at current market price (market execution) or submit an order for a certain price in the future (pending order).
2. The volume field is where you input your trading volume. This is based on standard FX lots ($100,000 exposure and $10 of the base currency per pip).
3. Add an automated order to exit your trade at a profit (take-profit) or loss (stop-loss).

Right-click on your trade and a box will appear. Select Modify or Delete to modify the trade. You can modify the trade’s stop-loss or take-profit here too. This can be done in the first box by highlighting the price you wish to exit at, or the number of points away from market price you wish to set this order.

It’s easy to load your EA

Download your EA or indicators as a file on your computer

1. Enter MT5 and select File.
2. Open the Data Folder.
3. Once you’ve entered MQL5, you can drag and drop the file into either the Indicators or Expert Advisors folder.
4. Restart your MT5 platform and this Indicator or EA will appear in your Navigator list.

Smart Trader Tools is a set of 28 expert-like tools and indicators designed to help you take your trading to the next level. They’re easy to use, install and access and are exclusive to the world’s most popular and powerful trading platforms, MetaTrader 4 and MetaTrader 5. Find out more about how Smart Trader Tools can help you unlock your trading potential.

Before you start your trading journey, it’s important to familiarise yourself with the basics. We have a number of helpful calculators available from within your secure client area. Be sure to check these out and get a good understanding of your position size, margin you want to trade with and desired leverage.