How to Trade in MetaTrader 5 (MT5)?

1) Install MT5

For Windows or Mac:

• Download MT5 from the JustMarkets website: 
  • MT5 for Windows.
  • MT5 for MacOS.
• Launch the downloaded file and follow the on-screen instructions to install the MT5 terminal.
• Once the installation is complete, MT5 will open automatically.

 2) Log in

1. Click "File" > "Login to Trade Account."
2. Select the correct server from the list.
3. Enter your login (trading account number) and password.

3) Switching Accounts

1. If you previously ticked "Save account information," your login and password will be saved.
2. Click "File" > "Login to Trade Account."
3. Select the account number from the dropdown list and click "Login."

Alternatively, use Navigator ("CTRL+N" or "View" > "Navigator"), select "Accounts," then double-click on the account and click "Login."

4) Add and Remove Instruments

• Add Instrument:

1. Right-click on the Market Watch window.
2. Select "Symbols."
3. Choose from the list of symbol groups or enter the symbol name in the search field.
4. Click on an instrument and select "Show Symbol."

NOTE: You could display all trading instruments with a single button, right-click on the Market Watch and select “Show All” option from the list.

• Remove Instrument:

1. Right-click on an instrument in the Market Watch.
2. Click "Hide."

5) How to Open Orders?

There are several possible options to open a new order: 

1. Click "New Order" (F9) in the toolbar.
2. Right-click on the Market Watch and select "New Order."
3. Double-click the trading instrument in the Market Watch.
4. Select "Tools" from the top menu and click "New Order."

In the New Order Window:

1. Select the trading instrument.
2. Indicate the Volume of the order.
3. Specify Stop Loss and Take Profit levels (optional).
4. Select the type of order (Market or Pending order).
5. Select the Type of the order, indicate the price and the expiry date (Pending orders only).
6. Click "Sell by Market," "Buy by Market," or "Place" (for Pending orders).

NOTE: You can enable one-click trading in order to open orders from the chart directly. Right-click on the chart and select “One click trading”. This will enable a small window on your chart with the option to specify Lot and open Buy or Sell order.

6) Closing Orders

In order to close trades, find your order in the Trade tab (CTRL+T) and perform one of the following: 

1. Double-click on it and select “Close by market”.
2. Right-click and select “Close”.
3. Click the “X” button on the right of the order.

In order to close hedged orders, follow this instruction: 

1. Double-click on the Order
2. In Type select Close by option
3. Select another order opened for the same trading instrument
4. Click “Close position by” button

NOTE: The Close By operation allows traders to simultaneously close two opposite positions of the same financial instrument. If opposite positions have different lot values, only one of them will be left open with the volume equal to the difference between the lot values of the two positions.

Bulk operations that are available only for MT5 will help you to close multiple orders at once: 

1. Right-click on the order
2. Find Bulk Operations and select one of the options: 
   • Close All Positions: Closes all open positions for all instruments.
   • Close Profitable Positions: Closes all positions with profitable result.
   • Close Losing Positions: Closes all positions with losing result.
   • Close Sell/Buy Positions: Closes all positions with the same order type only.
   • Close “Symbol” Positions: Closes all positions for the same symbol/instrument only.
   • Close “Type” “Symbol” Positions: Closes all positions with the same order type for the same symbol/instrument only.
   • Close by “Symbol”: Closes hedged positions for the same symbol/instrument using the Close By function.

7) Modify or Delete Orders

1. Double-click on the order and select "Modify position" or right-click and select "Modify or Delete."
2. Set up SL and TP levels.
3. Click "Modify."

8) Opening the Journal

Options:

1. In the bottom Terminal (CTRL+T), select “Journal” to see all your current logs.
2. Click “File” > “Open Data Folder” and find Logs.

For Expert Advisor logs:

1. In the bottom Terminal (CTRL+T), select Experts.
2. Click “File” > “Open Data Folder”, go to MQL5 > Logs.