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Place stop-limit order

Here we'll look over the steps on how to place a stop-limit order on the new order screen of the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Stop-limit orders will execute a limit order once the rate reaches a predefined trigger price. Set a trigger price higher than the current for a buy stop-limit order, and a lower trigger price for a sell stop-limit order. Once the trigger price is achieved, the limit order will be placed.

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Place limit order

Here we'll look over the steps on how to place a limit order on the new order screen of the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Limit order is an order to execute the trade at a specific price more favorable than the current one. Set a lower price than the current for a buy limit order, and a higher price for a sell limit order.

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Place stop order

Here we'll look over the steps on how to place a stop order on the new order screen of the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Stop orders can be used to limit losses or open a new position after a breakout. Set a higher price than the current for a buy stop order, and a lower price for a sell stop order.

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Place market order

Here we'll look over the steps on how to place a market order on the new order screen of the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. Unlike a limit order, you use the current market rate when placing a market order. The order gets executed as soon as it reaches the market, so there may be slippage, which is the difference between the requested price and the execution price, due to the volatility of the symbol. There are two types of market orders: buy and sell, either of which can open a position.

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Switch view modes

Here we'll look over the steps on how to switch view modes of the Quotes tab on the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. The advanced mode shows Bid and Ask prices, the last updated time, spread, and high/low prices. When it is off, only Bid and Ask prices will be displayed on Android. On iOS, the feature differs between MT4 and MT5 apps. The simple mode on MT4 app for iOS only shows Bid and Ask prices, while on MT5 app for iOS, the daily change will be displayed in addition to Bid and Ask prices when the advanced mode is off.

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Display symbol details on Quotes

Here we will look at how to show the details for a symbol on MetaTrader5 (MT5) app on Android and iOS mobile devices. You can find the details including "Close price of the previous day", "Today's high/low/open", "Change in price from the previous day", and "Current price".

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If you can't see chart

Sometimes, MetaTrader4 (MT4) / MetaTrader5 (MT5) may fail to load charts, showing only the symbol name and timeframes. This issue can arise due to improper price data retrieval, login issues, an unstable internet connection, or the unavailability of the selected instrument.

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Reorder symbols in Quotes

Here we'll look over the steps on how to reorder the symbols displayed in the Quotes tab on the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. You can also show or hide specific symbols.

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Open the new order screen

Here we'll look over the steps on how to open the new order screen on the MetaTrader4 (MT4) / MetaTrader5 (MT5) app for Android and iOS mobile devices. You can place a new order on the new order screen, which can be opened from the Quotes or Charts tab. This article shows you the steps from the Quotes tab.

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Add space on the right side of chart

On MT4/MT5, you can add a space on the right side of the chart if you wish. You can adjust the width and place objects in the open space. Here we will look at how to add a space on the right side of the chart on MT4/MT5.

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Add RSI to chart

On MT4/MT5, you can display the Relative Strength Index (RSI). It measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price.

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Add Ichimoku Cloud to chart

On MT4/MT5, you can display the Ichimoku Cloud. The 5 indexes (Base line, Conversion line, Leading span A, Leading span B, and Lagging span) help traders determine when the market will move next.

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Add Bollinger Bands to chart

On MT4/MT5, you can display the Bollinger Bands. It consists of a set of trendlines plotted based on the standard deviations above and below a moving average of the price, which lets you see the volatility at a glance.

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Check trading conditions

You can check the trading conditions for each symbol on MT4/ MT5. The conditions include contract size, decimal points indicating point value, order size, margins, swap points, trading time, and more.

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Show or hide items on chart

In MT4 and MT5, you can customize the items displayed on charts through the chart properties. MT4 offers 6 display options, while MT5 provides 11.

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Use the crosshair mode

Here we will look at how to use the crosshair mode on MT4/MT5. You can use the crosshair mode to analyze the price transition over a specific period, as well as the time and price at the given point.

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Adjust chart scale

On MT4/MT5, you can adjust the chart scale to show the part you want to see. If you move the horizontal time axis left and right, the scale on the vertical axis will change accordingly. Use this feature for chart analysis.

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Switch accounts

If you have multiple accounts on MT4/MT5, select the accounts you want to use in the navigator to switch between them with ease. If you've saved the account information, you don't have to enter your login info every time.

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Login to MT4/MT5

To login to MT4/MT5, you need a login ID, password, and account information linked to the server. Once you've successfully logged in to MT4/MT5, the connection status on the bottom right will turn green. If the connection status says "No connection" on MT4 or turns red or gray on MT5, you'll have to log in again.

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Print a chart image

On MT4/MT5, you can save and print charts as image files. Charts can be printed in either black and white or color. To print in color, you'll need to adjust the settings on MT4/MT5 beforehand.

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