Ordering through the MT5 (Mac) Order Window

In MT5, you can place market and pending orders through the order window. This guide explains how to open the order window on MT5 (Mac) and how to place market and pending orders.

Four Ways to Open the Order Window

There are several ways to open the order window. Here are four common methods.

Method 1: Using the Toolbar

Click the "New Order" button on the toolbar.

Method 2: Using the Chart Context Menu

Right-click on the chart and select "Trading" → "New Order" (shortcut: F9) from the menu.

Method 3: Double-Clicking in Market Watch

Double-click the symbol you want to trade in the Market Watch window.

Method 4: Using the Market Watch Context Menu

Right-click the symbol you want to trade in Market Watch and select "New Order".

Placing a Market Order from the Order Window

Select "Market Execution" in the left panel of the order window (① in the image), then fill in the following fields:

• ② Symbol: specify the instrument you want to trade.
• ③ Volume: specify the trade size in lots (the corresponding amount is shown next to the field).
• ④ Stop Loss (optional): specify the price of the stop-loss order.
• ⑤ Take Profit (optional): specify the price of the take-profit order.
• ⑥ Comment (optional): enter a note to record in your trade history.

When you are done, click "Sell by Market" or "Buy by Market" to place the market order.

Placing a Pending Order from the Order Window

Select the pending order type in the left panel of the order window (① in the image): "Limit Order", "Stop Order", or "Stop Limit Order". Then fill in the following fields:

• ② Symbol: specify the instrument you want to trade.
• ③ Volume: specify the trade size in lots.
• ④ Price: enter the price of the pending order.
• ⑤ Stop Limit price: required only for Stop Limit orders; enter the limit price applied after the stop price is triggered.
• ⑥ Stop Loss (optional): specify the price of the stop-loss order.
• ⑦ Take Profit (optional): specify the price of the take-profit order.
• ⑧ Expiration: set the validity period of the pending order if needed (GTC by default).
• ⑨ Comment (optional): enter a note to record in your trade history.

When you are done, click the "Sell" or "Buy" button to place the pending order. The order direction is determined by the combination of the button and the selected type — for example, selecting "Limit Order" and clicking "Buy" places a Buy Limit order.

Setting How Stop Loss / Take Profit Levels Are Entered

Opening the Options Window

Select "Tools" → "Options" (shortcut: Ctrl+O) from the MT5 menu.

Setting the Stop Levels Mode

In the "Trade" tab of the Options window, set the stop levels mode: select "In Prices" to set stop-loss/take-profit levels by price, or "In Points" to set them by points.