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Place If-Done-OCO order

Here we'll look over the steps on how to place an If-Done-OCO order on the new order screen of the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. If-Done-OCO order stands for If Done, One Cancel the Other. It is used when placing new limit/stop/stop-limit orders. With an If-Done-OCO order, you place orders to secure profits or cut losses. Once the profit or the loss cut has been confirmed, the other order will be automatically canceled.

Cancel pending order

Here we'll look over the steps on how to cancel a limit, stop, or stop-limit order on the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. After placing a limit/stop/stop-limit order, you can still cancel the order or change the price, take-profit (T/P), stop-loss (S/L), and expiration date, as long as the order hasn't been executed yet.

Modify pending order

Here we'll look over the steps on how to modify a limit, stop, or stop-limit order on the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. After placing a limit/stop/stop-limit order, you can still change the price, take-profit (T/P), stop-loss (S/L), and expiration date, as long as the order hasn't been executed yet.

Manage symbols in Market Watch

Here we will look at how to manage symbols in the Market Watch on MT4/MT5. On MT4/MT5, you can show or hide not only specific symbols, but also all symbols at once.

Default values on the new order window

Here we will look at how to set default values on the new order window in MT4/MT5. You can adjust the default settings for symbol, volume, and deviation on the new order window.

Open the new order window

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.

Open the Popup Prices

Here we will look at how to use the Popup Prices on MT4/MT5. The Popup Prices feature makes it easier to see the information displayed in the Symbols tab in the Market Watch.

Adjust window layout

Here we'll take a look at how to adjust the windows layout in MT4/MT5. You can adjust the window layout on MT4/MT5 to your liking.

Use the fast navigation bar

Here we will look at how to use the fast navigation bar on MT4 / MT5. You can enter symbol, timeframe, date, and time in the fast navigation bar to quickly customize your chart.

Display symbol details in Market Watch

The Market Watch consists of four tabs: Symbols, Details, Trading, and Ticks. In the Details tab, you'll find various information such as close price of the previous day, today's high/low/open, change in price from the previous day, and current price. Here we'll take a look at how to display the details for a symbol on the Market Watch in MetaTrader5 (MT5).

Trading tab in Market Watch

The Trading tab in the Market Watch on MetaTrader5 (MT5) features a one-click trading panel, last update time, spread, swap points, and low/high. This tab is unavailable in MetaTrader4 (MT4) and is only available in MT5. Here we'll take a look at the Trading tab in the Market Watch.

Place stop-limit order

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.

Place limit order

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.

Place stop order

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.

Place market 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.

Switch view modes

Here we'll look over the steps on how to switch view modes of the Quotes tab on the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. The advanced mode shows Bid and Ask prices, the last updated time, spread, and high/low prices. When it is off, only Bid and Ask prices will be displayed on Android. On iOS, the feature differs between MT4 and MT5 apps. The simple mode on MT4 app for iOS only shows Bid and Ask prices, while on MT5 app for iOS, the daily change will be displayed in addition to Bid and Ask prices when the advanced mode is off.

Display symbol details on Quotes

Here we will look at how to show the details for a symbol on MetaTrader5 (MT5) app on Android and iOS mobile devices. You can find the details including "Close price of the previous day", "Today's high/low/open", "Change in price from the previous day", and "Current price".

If you can't see chart

Sometimes, MetaTrader4 (MT4) / MetaTrader5 (MT5) may fail to load charts, showing only the symbol name and timeframes. This issue can arise due to improper price data retrieval, login issues, an unstable internet connection, or the unavailability of the selected instrument.

Reorder symbols in Quotes

Here we'll look over the steps on how to reorder the symbols displayed in the Quotes tab on the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. You can also show or hide specific symbols.

Open the new order screen

Here we'll look over the steps on how to open the new order screen on the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. You can place a new order on the new order screen, which can be opened from the Quotes or Charts tab. This article shows you the steps from the Quotes tab.

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