YouTube Video — Transcript

Learn how to place orders on MetaTrader 5, including setting default trade size, using chart orders, New Order window, Market Watch, and Mini Terminal.

Key Takeaways

Adjust default trade size before placing your first order to fit your trading preferences.
Multiple ways to place orders: chart clicks, New Order window, Market Watch, and Mini Terminal.
Stop-loss and take profit can be added or modified after opening trades.
Pending orders offer flexibility for entry at specific price levels.
Mini Terminal simplifies order placement with preset trade parameters and quick access.

Summary

Set your default trade size in MetaTrader 5 by adjusting the Volume setting under Tools > Options > Trade tab.
Place buy or sell orders quickly directly from the chart by clicking the offer or bid price.
Modify or delete trades on the chart to add or change stop-loss and take profit levels.
Use the New Order button to select symbols, order types, and enter prices for market or pending orders.
Pending order types include Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, and Sell Stop Limit.
Place orders from the Market Watch window by right-clicking a symbol and selecting New Order.
Use the Mini Terminal Expert Advisor for quick order placement with adjustable trade size and default stop-loss/take-profit.
Ensure AutoTrading is enabled to use the Mini Terminal effectively.
Create templates with preferred stop-loss and take-profit settings for future trades.
The video covers all essential methods to place and manage orders in MetaTrader 5.

Chapters

Full Transcript — Download SRT & Markdown

Speaker A

In today's video, I will walk you through how to place orders on MetaTrader 5. Placing orders in MetaTrader 5 is very simple. But before you place your first trade, there is one important setting you should change. By default, MetaTrader 5 creates a trade

Speaker A

size of 100,000 units. To make sure the default size matches what you want to trade, go to Tools, then select Options.

Speaker A

Open the Trade tab. Under Volume, choose Default instead of Last Used. Enter the trade size you want to use. For example, you can set it to 10,000 units or choose any size that fits your preference. Once you've entered your preferred value,

Speaker A

click OK. From that point on, that will become your default trade size. Now, let's look at the different ways to place orders. The quickest method is directly from the chart. If you want to buy, click the price on the offer side.

Speaker A

The trade will open immediately. If you want to add a stop-loss or take profit after opening the trade, right-click the trade line on the chart and select Modify or Delete. Enter your stop-loss and take profit values, then confirm the

Speaker A

changes. If you want to sell instead, click the price on the bid side. Just like with a buy order, you can right-click the trade afterward and choose Modify or Delete to add or change the stop-loss and take profit levels.

Speaker A

Another method is to use the New Order button. Click New Order to open the trading window. Here you can choose a different trading symbol using the drop-down menu if needed. You can also choose the order type. Besides Market

Speaker A

Execution, you'll find pending order options such as Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, and Sell Stop Limit. For example, if you want to place a buy limit order, select Buy Limit from the order type menu.

Speaker A

Enter your entry price, then enter your stop-loss and take profit values. After reviewing the information, click Place to submit the order. You can also place an order from the Market Watch window.

Speaker A

Right-click the symbol you want to trade, then select New Order. The same order window will appear, allowing you to choose your order type, set your prices, and place the trade. Another option is to use the Mini Terminal

Speaker A

Expert Advisor. Before using it, make sure the AutoTrading button is turned on so it appears green. Drag the Mini Terminal onto your chart and confirm the settings. Once it loads, you can adjust your trade size directly from the panel.

Speaker A

It also includes default stop-loss and take-profit settings. To place a buy order, click Buy. To place a sell order, click Sell. Your trade will open immediately with the stop-loss and take profit already applied. You can also create templates with your preferred

Speaker A

stop-loss and take-profit settings for future trades. That's all there is to placing orders in MetaTrader 5.

Topics:MetaTrader 5MT5placing orderstrade sizestop losstake profitpending ordersbuy limitsell limitMini Terminal

How do I change the default trade size in MetaTrader 5?

Go to Tools, select Options, open the Trade tab, and under Volume choose Default instead of Last Used. Enter your preferred trade size and click OK.

What are the different ways to place orders in MetaTrader 5?

You can place orders directly from the chart by clicking the offer or bid price, use the New Order button, right-click symbols in Market Watch, or use the Mini Terminal Expert Advisor.

Can I add stop-loss and take profit after opening a trade?

Yes, right-click the trade line on the chart, select Modify or Delete, then enter your stop-loss and take profit values and confirm the changes.

Get More with the Söz AI App

Transcribe recordings, audio files, and YouTube videos — with AI summaries, speaker detection, and unlimited transcriptions.

App Store Google Play

Or transcribe another YouTube video here →

Free tools: TXT to SRT · SRT Validator · Merge SRT · Subtitle to Text · All tools