MetaTrader 5
How to Trade on MetaTrader5
How to Trade on MetaTrader5
By
Traidx
Master the essentials of MetaTrader 5 and learn how to confidently execute, manage, and close trades. This guide walks you through the platform step by step, helping you understand every feature you'll need to trade successfully.
In This Guide:
In this guide, you'll learn how to find markets, navigate charts, understand order types, place trades, manage open positions, use Stop Loss and Take Profit, and review your trading history.
Getting Started
After logging into your MetaTrader 5 account, you'll find the main navigation bar at the bottom of the app. From here, you can access your watchlist, charts, trading positions, history, settings, and account information.
For this guide, we'll mainly focus on the Quotes, Trade, History, and Settings sections.
Finding Market
Open the Quotes tab in the bottom navigation. This section displays all available trading instruments currently added to your watchlist.
To add a new market, tap the search icon in the top right corner and search for the asset you want to trade—for example XAU/USD. Once selected, the market will automatically appear in your watchlist.
Opening the Chart
Tap on any asset in your watchlist to open the available options. You'll see several choices, including Trade, Chart, Details, Statistics, and Cancel.
Select Chart to open the live price chart. Here you can analyze market movements, monitor price action, and view any open positions directly on the chart, including your entry price, Stop Loss, and Take Profit levels.
Trading Window
To place a trade, tap the asset again and select Trade.
The trading window contains everything required to execute an order. At the top, you'll find the available order types, followed by your position size, Stop Loss, Take Profit, and the Buy and Sell execution buttons.
Order Types
MetaTrader 5 offers several different order types:
Market Execution
Buy Limit
Sell Limit
Buy Stop
Sell Stop
Buy Stop Limit
Sell Stop Limit
For most Traidx signals, you'll use Market Execution, allowing you to enter a trade instantly at the current market price.
A detailed explanation of every order type can be found in our Order Types Guide.
Position Size
Below the order type, you'll find the Volume field, where you select your desired lot size.
Your lot size determines the size of your position and directly affects your potential profit and risk. Always choose a position size that matches your personal risk management strategy.
If you're unsure which lot size to use, check out our Lots, Pips & Position Size Guide.
Stop Loss & Take Profit
Before opening a trade, you can enter your Stop Loss and Take Profit levels.
A Stop Loss automatically closes your trade if the market moves against you, helping to limit potential losses. A Take Profit automatically closes your trade once your predefined profit target has been reached.
Using both is an essential part of proper risk management. If you're new to trading, we recommend reading our dedicated Stop Loss & Take Profit and Risk Management guides to better understand how to protect your capital and manage every trade effectively.
Executing a Trade
Once you've selected your order type, entered your lot size, and set your Stop Loss and Take Profit, you're ready to execute your trade.
Tap Buy by Market if you're expecting the price to rise, or Sell by Market if you're expecting the price to fall.
Your position will immediately appear in the Trade tab.
Managing Your Position
Open the Trade tab from the bottom navigation to view all active positions.
Here you'll also find your:
Balance
Equity
Margin
Free Margin
Margin Level
Tap on any open position to modify or manage it.
You can:
Adjust your Stop Loss
Adjust your Take Profit
Partially close your position
Close the entire trade
Trading History
After closing a trade, it will automatically move to the History tab.
Here you can review all previously closed trades, filter different time periods, and analyze your trading performance. MetaTrader 5 also allows you to generate detailed trading reports directly from your account history.
Final Notes
Learning how to navigate MetaTrader 5 is one of the most important steps for every trader. Once you're comfortable using the platform, executing Traidx signals becomes quick, simple, and efficient.
If you need additional help, we recommend watching the accompanying Video Tutorial or downloading the PDF Guide, where every step is explained visually.
Getting Started
After logging into your MetaTrader 5 account, you'll find the main navigation bar at the bottom of the app. From here, you can access your watchlist, charts, trading positions, history, settings, and account information.
For this guide, we'll mainly focus on the Quotes, Trade, History, and Settings sections.
Finding Market
Open the Quotes tab in the bottom navigation. This section displays all available trading instruments currently added to your watchlist.
To add a new market, tap the search icon in the top right corner and search for the asset you want to trade—for example XAU/USD. Once selected, the market will automatically appear in your watchlist.
Opening the Chart
Tap on any asset in your watchlist to open the available options. You'll see several choices, including Trade, Chart, Details, Statistics, and Cancel.
Select Chart to open the live price chart. Here you can analyze market movements, monitor price action, and view any open positions directly on the chart, including your entry price, Stop Loss, and Take Profit levels.
Trading Window
To place a trade, tap the asset again and select Trade.
The trading window contains everything required to execute an order. At the top, you'll find the available order types, followed by your position size, Stop Loss, Take Profit, and the Buy and Sell execution buttons.
Order Types
MetaTrader 5 offers several different order types:
Market Execution
Buy Limit
Sell Limit
Buy Stop
Sell Stop
Buy Stop Limit
Sell Stop Limit
For most Traidx signals, you'll use Market Execution, allowing you to enter a trade instantly at the current market price.
A detailed explanation of every order type can be found in our Order Types Guide.
Position Size
Below the order type, you'll find the Volume field, where you select your desired lot size.
Your lot size determines the size of your position and directly affects your potential profit and risk. Always choose a position size that matches your personal risk management strategy.
If you're unsure which lot size to use, check out our Lots, Pips & Position Size Guide.
Stop Loss & Take Profit
Before opening a trade, you can enter your Stop Loss and Take Profit levels.
A Stop Loss automatically closes your trade if the market moves against you, helping to limit potential losses. A Take Profit automatically closes your trade once your predefined profit target has been reached.
Using both is an essential part of proper risk management. If you're new to trading, we recommend reading our dedicated Stop Loss & Take Profit and Risk Management guides to better understand how to protect your capital and manage every trade effectively.
Executing a Trade
Once you've selected your order type, entered your lot size, and set your Stop Loss and Take Profit, you're ready to execute your trade.
Tap Buy by Market if you're expecting the price to rise, or Sell by Market if you're expecting the price to fall.
Your position will immediately appear in the Trade tab.
Managing Your Position
Open the Trade tab from the bottom navigation to view all active positions.
Here you'll also find your:
Balance
Equity
Margin
Free Margin
Margin Level
Tap on any open position to modify or manage it.
You can:
Adjust your Stop Loss
Adjust your Take Profit
Partially close your position
Close the entire trade
Trading History
After closing a trade, it will automatically move to the History tab.
Here you can review all previously closed trades, filter different time periods, and analyze your trading performance. MetaTrader 5 also allows you to generate detailed trading reports directly from your account history.
Final Notes
Learning how to navigate MetaTrader 5 is one of the most important steps for every trader. Once you're comfortable using the platform, executing Traidx signals becomes quick, simple, and efficient.
If you need additional help, we recommend watching the accompanying Video Tutorial or downloading the PDF Guide, where every step is explained visually.
