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18
Orders (PC)
Set the slippage tolerance
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Updated
On MT4/MT5, you can prevent an order from being executed if the slippage from the rate at which the order is placed exceeds the specified amount. This option is only available when instant execution is used by your broker.
Orders (PC)
Close positions or delete pending orders in bulk
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On MetaTrader5 (MT5), you can close multiple positions or delete multiple pending orders in bulk. The positions and pending orders for bulk operations can be specified by symbol, order type, and others. Here we'll take a look at how to close positions or delete pending orders in bulk in MT5.
Orders (PC)
Place trailing stop order
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On MT4/MT5, you can place a trailing stop order, which automatically adjusts the stop-loss price based on the current price. With trailing stop, the stop-loss level is automatically updated following the price movement.
Orders (PC)
Close hedged positions simultaneously
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When holding hedged positions in MT4/MT5, you can close both positions simultaneously paying less spread than closing positions individually, which is referred to as close by.
Orders (PC)
Place market order on the Depth of Market
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On MT4/MT5, you can quickly place orders on the Depth of Market window. Also, some brokers are providing the depth of market data on MT5.
Orders (PC)
Open Depth of Market
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On MT4/MT5, you can display the Depth of Market window. The depth of market data helps you grasp the market liquidity, showing the amount of buy and sell orders by price.
Orders (PC)
Place limit/stop order on the Depth of Market
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On MT4/MT5, you can quickly place orders on the Depth of Market window. You can also set stop-loss (S/L) and take-profit (T/P) values. Please note that if you wish to place an order from the Depth of Market window, you must have one-click order enabled.
Orders (PC)
Partially close a position
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On MT4/MT5, you can close parts of your positions across multiple orders to secure profits or cut losses.
Orders (PC)
Close a position at market price
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On MT4/MT5, unlike limit orders, you can't specify a price when placing market orders because market orders use the current rate. The order gets executed as soon as it reaches the market, so the order will go through faster than a limit order.
Orders (PC)
Change or cancel pending order
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Here, we'll take a look at how to change or cancel limit/stop orders on MT4/MT5, as well as stop-limit orders on MT5. You can change the price, expiration date, etc., as long as the order hasn't been executed yet.
Orders (PC)
Place limit/stop/stop-limit order on the new order window
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Here we'll take a look at how to place a limit/stop/stop-limit order on the new order window on MT4/MT5. On MT4, you can't place a stop-limit order specifying a trigger price.
Orders (PC)
Place If-Done-OCO order
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Here we will look at how to place an If-Done-OCO order on MT4/MT5. On MT4/MT5, you can place If-Done-OCO orders, which are used to secure profits or cut losses when placing new limit/stop/stop-limit orders.
Orders (PC)
Set or change T/P and S/L values
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On MT4/MT5, 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.
Orders (PC)
Place market order on the new order window
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Here we'll take a look at how to place a market order on the new order window on MT4/MT5. The order gets executed as soon as it reaches the market, so the order will go through faster than a limit order. Also, you can start with a sell position.
Orders (PC)
Place one-click limit/stop order
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On MT4/MT5, you can specify the trade volume in the trading panel and click the desired price level to place a limit/stop order. Use the one-click order feature to quickly place limit/stop orders.
Orders (PC)
Enable one-click trading
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To use the one-click trading feature on MT4/MT5, you must first enable it. One-click trading can be set from the trading panel or the context menu of charts.
Orders (PC)
Place one-click market order
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On MT4/MT5, you can easily place market orders by clicking the BUY or SELL button on the trading panel. Orders placed from the trading panel are executed with a single click and it is sometimes called the one-click order.
Orders (PC)
Open the new order window
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Here we will look at these five ways to open the new order window on MT4/MT5. You can access the new order window in five ways: the toolbar, menu, chart, Market Watch, or a keyboard shortcut.
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