Placing an order in MT5
One trade from start to finish in MetaTrader 5, with the stop and target attached from the outset.
1. Log in
The server is AxiaPhoenixFine-MT5. Enter your account number and password. Moving quotes in Market Watch confirm you are connected.
2. Show the symbol
If the symbol is not in Market Watch, add it from the symbol list. Right-click the symbol to open a chart.
3. Open the order window
Choose New Order from the chart. The window has fields for volume, stop loss and take profit.
4. Set the volume
Work back from your per-trade limit and the distance to your stop. The minimum is 0.01 lots.
5. Enter the stop and the target
Put your stop price in Stop Loss and your target in Take Profit. Entering both at the outset removes the moment where you would revise the plan.
6. Send it as a market order
Set the type to Market Execution and send. The fill price appears in the History tab of the Toolbox.
7. Close it
Close manually by selecting the position, or let it close automatically when price reaches the stop or the target.
If the labels look different
Wording varies by MT5 version and platform. On iOS and Android, New Order sits in the button row below the chart.
This page explains our trading conditions and is not a recommendation to trade. Margin trading carries the risk of losing your invested capital.
Getting started is simple
Opening an account is free and the application is completed online in 3 to 5 minutes.
Foreign exchange trading carries the risk of losing your invested capital, and higher leverage increases that risk. Please consider the risks carefully and trade only within a range of loss you can bear.
Past performance neither indicates nor guarantees future results.
This website is not directed at residents of Japan. AXIA PHOENIX FINE PROJECT does not provide services to residents of certain jurisdictions, including the United States, Afghanistan, Belarus, Burma, the Central African Republic, Congo, Cuba, Egypt, Guinea, Iraq, Iran, Lebanon, Libya, Mauritius, North Korea, Pakistan, Somalia, Sudan, Syria, Venezuela, Yemen and Zimbabwe.