Place limit/stop/stop-limit order on the new order window

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1. Buy Limit

   

   If you place a buy order by specifying a lower price than the current, select Buy Limit. Enter a price that is lower than the current Ask price.

2. Buy Stop

   

   If you place a buy order by specifying a higher price than the current, select Buy Stop. Enter a price that is higher than the current Ask price.

3. Buy Stop Limit

   

   Select Buy Stop Limit and specify a trigger price higher than the current. Once the trigger price is achieved, a buy limit order will be placed.

4. Sell Limit

   

   If you place a sell order by specifying a higher price than the current, select Sell Limit. Enter a price that's higher than the current Bid price.

5. Sell Stop

   

   If you place a sell order by specifying a lower price than the current, select Sell Stop. Enter a price that's lower than the current Bid price.

6. Sell Stop Limit

   

   Select Sell Stop Limit and specify a trigger price lower than the current. Once the trigger price is achieved, a sell limit order will be placed.

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If "Place" is not activated

When placing limit/stop/stop-limit orders, you have to specify a price that's certain points away from the current price. The difference between the two is called the stop level and it varies by the forex broker, account type, and symbol. If the "Place" button is blue or not red, check your price and make sure the deviation isn't smaller than the stop level.

Related article: Check trading conditions

Tick chart

In MT5's new order window, you can check the tick chart. A tick is the smallest unit of data that represents price. Tick charts detect price movement faster than any other chart, which will help you execute well-timed orders. From the new order window's tick chart, you can check the Ask, Bid, take-profit (T/P), and stop-loss (S/L) values.

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