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Placing Orders

How to Place Orders in MT5: A Step-by-Step Guide

Placing Orders

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Frequently Asked Questions

How do I place an order in MetaTrader 5 (MT5)?

In MT5, press F9 or click New Order, select the CFD, set the volume and choose a market or pending order. For a market order, click Buy or Sell; for a pending order, set the order type and price, then place it. Execution and available order settings depend on the symbol and account. CFDs are leveraged and can generate rapid losses.

What is the difference between a market order and a pending order in MT5?

A market order requests a Buy or Sell at the available price. A pending order is submitted for activation when its price condition is met. MT5 supports Buy Limit, Sell Limit, Buy Stop and Sell Stop. Reaching the trigger does not guarantee execution at that exact price.

How do I set a stop-loss and take-profit when placing an order?

In the MT5 Order window, enter stop-loss and take-profit price levels before submitting the order, if the symbol and execution mode permit. You can also add or modify them later from the Trade tab. A stop-loss or take-profit triggers a closing order at the relevant price level, but gaps and slippage can change the final execution price.

What does volume mean when placing an order in MT5?

Volume is the order size entered in lots. A lot represents the contract size specified for that particular CFD; it is not always 100,000 units. Check the symbol specification for contract size, minimum volume and volume step. Larger volume increases market exposure and the potential profit or loss from a price move.

Why can't I place an order in MT5 (Trade context is busy or Off quotes)?

“Trade context is busy” means MT5 is processing another trade request; wait and retry. “Off quotes” means an executable quote is unavailable at that time. Check your connection, trading hours, symbol availability, order volume and stop distances. If the error persists, contact broker support with the order details and journal message.

What is the difference between Buy and Sell orders?

A Buy opens a long CFD position and generally benefits if its price rises; a Sell opens a short CFD position and generally benefits if it falls. Market Buys are executed at the Ask and market Sells at the Bid. Closing uses the opposite side, so the spread affects the position from the start; either direction can lose money.

How to Place Orders in MT5: A Step-by-Step Guide