Here we'll look over the steps on how to place a stop order on the new order screen of the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Stop orders can be used to limit losses or open a new position after a breakout. Set a higher price than the current for a buy stop order, and a lower price for a sell stop order.

Here we'll look over the steps on how to set or change take-profit (T/P) and stop-loss (S/L) values on MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. You can add a take-profit (T/P) or a stop-loss (S/L) value even after you've placed a new order. You can also change these values after you've set them.

Here we'll look over the steps on how to place a stop-limit order on the new order screen of the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Stop-limit orders will execute a limit order once the rate reaches a predefined trigger price. Set a trigger price higher than the current for a buy stop-limit order, and a lower trigger price for a sell stop-limit order. Once the trigger price is achieved, the limit order will be placed.

Here we'll look over the steps on how to place a limit order on the new order screen of the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Limit order is an order to execute the trade at a specific price more favorable than the current one. Set a lower price than the current for a buy limit order, and a higher price for a sell limit order.

Here we'll look over the steps on how to place a market order on the new order screen of the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Unlike a limit order, you use the current market rate when placing a market order. The order gets executed as soon as it reaches the market, so there may be slippage, which is the difference between the requested price and the execution price, due to the volatility of the symbol. There are two types of market orders: buy and sell, either of which can open a position.

Here we'll look over the steps on how to open a position at market price in the Depth of Market window on MetaTrader5 (MT5) app for Android and iOS mobile devices. In the Depth of Market, you can check the depth of market data when placing your orders. Please note that if you wish to place an order from the Depth of Market window, you must have one-click order enabled.