Orders and Trade Execution in MetaTrader 5
Place the right order at the right time. Learn SL/TP, partial closes, trailing stops, and how execution works under the hood.
Learning Objectives
- Distinguish Market, Limit, Stop, Stop Limit orders and when to use them
- Place SL/TP correctly (pips vs points), understand risk–reward
- Modify orders, partially close positions, and apply a trailing stop
- Understand slippage, requotes, and execution modes (Instant, Market, Exchange)
Understanding order types is fundamental to executing your trading strategy correctly.
Definition: Execute immediately at the best available price.
When to use: Urgent entries/exits; high volatility; news (expect slippage).
MT5: New Order → Market Execution → Buy/Sell.
Definition: Buy below current price, sell above current price. Seeks better entry.
When to use: Pullbacks into support/resistance.
MT5: Pending Order → Type: Buy Limit/Sell Limit → set price ≤/≥ current.
Definition: Buy above current price, sell below current price. Triggers on breakout.
When to use: Breakout continuation setups.
MT5: Pending Order → Type: Buy Stop/Sell Stop → set price ≥/≤ current.
Definition: Two-stage: trigger level (stop) then place a limit at a better price.
When to use: Breakout but want to avoid chasing if price spikes; more common on Exchange mode. Not all brokers support.
Screenshot Coming Soon
MT5 New Order dialog
Market and Pending order types (placeholder).
Frequently Asked Questions
Lesson 5 Quiz
Lesson 5 Quiz
Test your understanding with 5 questions. Pass with 4/5 correct.
Resources
MT5 Help — Trade Operations
Official MetaTrader 5 documentation on orders
Risk & Order Types Cheat Sheet (PDF)
Quick reference for order types and risk management
VPS Guide for Trailing Stops
How to keep MT5 running 24/5
Next: Lesson 6 — Analytical Capabilities
Explore MT5's analytical capabilities: indicators, Strategy Tester, DOM, and Economic Calendar.
What's Next?
You've mastered order types, SL/TP placement, position management, and execution concepts. In Lesson 6, we'll explore MT5's analytical capabilities: indicators, Strategy Tester, DOM, and Economic Calendar.