Created
: 2022.08.10
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Default values on the new order window
Default values on the new order window
In MetaTrader4 (MT4) / MetaTrader5 (MT5), you can adjust the default settings for symbol, volume, and deviation that get displayed on the new order window. The slippage tolerance can only be set when placing an Instant Execution order. You can also enable one-click orders.
Furthermore, in MT5, you can specify the take-profit (T/P) or stop-loss (S/L) value in price or by the deviation (in points).
Here we will look at how to set default values on the new order window in MT4/MT5.
Switch between MT4/MT5 tabs to check the steps for each.
Step 1
Click "Tools" in the menu and select "Options". (Shortcut keys: "Ctrl"+"O")
Step 2
In the "Trade" tab, configure the default settings for symbol, volume, deviation, and one-click trading option, and click "OK".
|
Number |
Item name |
Descriptions |
|---|---|---|
|
1 |
Symbol by default |
Set the default symbol pairs to show on the new order window.
Automatic: automatically sets a symbol pair.
Last used: the symbol pair of the last trade.
Default: the symbol pair selected from the drop-down list.
|
|
2 |
Size by default |
Set the default volume to show on the new order window and trading panel.
Last used: the volume of the last trade.
Default: the volume selected from the drop-down list.
|
|
3 |
Deviation by default |
Set the default slippage tolerance to show on the new order window in the Instant Execution mode.
Last used: the maximum slippage used for the last trade.
Default: the maximum slippage selected from the drop-down list.
|
|
4 |
One Click Trading |
Check the box to enable the one-click trading feature. You need to accept the Terms and Conditions. |
Stop levels can be set on MT5
On MT5, you can also set the default take-profit (T/P) and stop-loss (S/L) values on the new order window.
Step 3
The new order window will be displayed based on your settings.
Related article: Open the new order window
Step 1
Click "Tools" in the menu and select "Options". (Shortcut keys: Ctrl+O)
Step 2
In the "Trade" tab, configure the default settings for symbol, volume, deviation, how to specify the take-profit (T/P) and stop-loss (S/L) levels, and one-click trading option, and click "OK".
|
Number |
Item name |
Descriptions |
|---|---|---|
|
1 |
Symbol |
Set the default symbol to show on the new order window. |
|
2 |
Volume |
Set the default volume to show on the new order window, trading panel, and "Trading" tab in the Market Watch. |
|
3 |
Deviation |
Set the default slippage tolerance to show on the new order window in the Instant Execution mode. |
|
4 |
Stop levels |
Set how to specify the take-profit (T/P) or stop-loss (S/L) value on the new order window, |
|
5 |
One Click Trading |
Check the box to enable the one-click trading feature. You need to accept the Terms and Conditions. |
Step 3
The new order window will be displayed based on your settings.
Related article: Open the new order window
Set the slippage tolerance
When placing an Instant Execution order, you can set the slippage tolerance value. If the slippage is greater than the preset threshold, the order won't be executed. In the Market Execution mode, the "Deviation" setting is not available.
Last updated
: 2024.08.08
Nakamaru is a manual production consultant at FINTECS, a company that specializes in creating manuals for their clients.
With a wide range of experience from fintech to entertainment, he presents what user-friendly manuals should be like.
He works with numerous large corporations as an external manual production project manager.
【Business information】
http://www.fintecs.co.jp/profile/
Supervisor
Akira Takagi
Systems engineer, MetaTrader administrator
After graduating from Computer Science at the Uninove, Brazil, in 2014, he has worked on various systems development projects.
He participated as a developer in the launch of forex services in 2019. Since then, he has also been involved in the development of MetaTrader plugins and APIs. He is certified by MetaQuotes as a MetaTrader5 Administrator and active in consulting and advisory as well.
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