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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.

mt4
mt5

Step 1

Click "Tools" in the menu and select "Options".(Shortcut keys: "Ctrl"+"O")

Open Options Open Options

Step 2

In the "Trade" tab, configure the default settings for symbol, volume, deviation, and one-click trading option, and click "OK".

Default settings of the new order window Default settings of the new order window

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.

knowledge 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.

The new order window will be displayed based on your settings The new order window will be displayed based on your settings

Step 3

The new order window will be displayed based on your settings.

Related article: Open the new order window

MT4 new order window MT4 new order window

Step 1

Click "Tools" in the menu and select "Options".(Shortcut keys: Ctrl+O)

Click Tools in the menu and select Options Click Tools in the menu and select Options

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".

Step 2 Step 2

Number

Item name

Descriptions

1

Symbol

Set the default symbol to show on the new order window.
Automatic: the symbol of the active chart.
Last Used: the symbol of the last trade.
By Default: the symbol selected from the drop-down list.

2

Volume

Set the default volume to show on the new order window, trading panel, and "Trading" tab in the Market Watch.
Last Used: the volume of the last trade.
By Default: the volume specified in lots.

3

Deviation

Set the default slippage tolerance to show on the new order window in the Instant Execution mode.
Last Used: the maximum slippage of the last trade.
By Default: the maximum slippage specified in points.

4

Stop levels

Set how to specify the take-profit (T/P) or stop-loss (S/L) value on the new order window,
In Prices: specify a price.
In Points: specify a deviation value in points.

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

The new order window will be displayed based on your settings The new order window will be displayed based on your settings
point Set the slippage tolerance
Set the slippage tolerance 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.


Date

Created

 : 2022.08.10

Update

Last updated

 : 2022.11.16

Writer

Takayoshi Nakamaru

Manual production consultant, MBA

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Takayoshi Nakamaru

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

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Akira Takagi

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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