Ordering through the MT5 (Mac) Order Window
Four Ways to Display the Order Window
There are multiple ways to display the order window, but here we introduce four common methods to access it.
Method 1: Click 'New Order' on the toolbar.
Method 2: Right-click on the chart and select 'New Order' from the 'Price Board' menu that appears.
Method 3: Double-click on the instrument you wish to trade in the Market Watch.
Method 4: Right-click on the instrument in the Market Watch and select 'New Order'.
Placing a Market Order from the Order Window
For a market order, the input fields are as follows:
① Simbol: Specify the trading instrument.
② Type: Select 'Countdown Order'.
③ Volume: Specify the trading volume in lots.
④ Stop Loss (optional): Specify the price for the stop loss order.
⑤ Take Profit (optional): Specify the level for the take profit order.
⑥ Comment (optional): Enter any comments to be noted in the trade history.
Once inputs are complete, click either 'Sell by Market' or 'Buy by Market' to place the market order.
Placing Limit/Stop Orders from the Order Window
The input fields for a limit/stop order are as follows:
① Instrument: Specify the trading instrument.
② Type (upper): Select 'Pending Order'.
③ Type (lower): Choose either 'Buy Limit', 'Sell Limit', 'Buy Stop', 'Sell Stop', 'Buy Stop Limit', or 'Sell Stop Limit'.
④ Volume: Specify the trading volume in lots.
⑤ Price: Enter the price for the limit or stop order.
⑥ Stop Limit price: For Buy Stop Limit or Sell Stop Limit orders, enter the limit price.
⑦ Stop Loss (optional): Specify the price for the stop loss order.
⑧ Take Profit (optional): Specify the level for the take profit order.
⑨ Order Type (upper): Select 'Pending Order'.
⑩ Comment (optional): Enter any comments to be noted in the trade history.
⑪ Expiration: Set the expiry if necessary.
Once inputs are complete, click the 'Place Order' button to issue the limit/stop order.
Setting Stop Loss and Take Profit Levels (Trade Options Settings)
Select 'Tools' from the MT5 menu.
In the trade options settings, choose 'In Prices' to set Stop Levels in price, and 'In Points' to set them in points.
