basic metatrader 5 guide

8/16/2019 Basic Metatrader 5 Guide

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METATRADER 5

Guide

version 1.0January 2013


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Content

1. Install and Opening MT5 Accounts ............................................................................................ 1

1.1 Opening Demo Account .................................................................................................. 1

1.2 Login ............................................................................................................................... 3

2. User Interface ........................................................................................................................... 5

2.1 Market Watch .................................................................................................................. 6

2.2 Navigator......................................................................................................................... 8

2.3 Chart ............................................................................................................................. 11

2.4 Toolbox ......................................................................................................................... 13

3. Trading .................................................................................................................................... 15

3.1 Types of Orders ............................................................................................................ 15

3.2 Opening a trade ............................................................................................................ 15

3.3 Stop Loss - Take Profit .................................................................................................. 16

3.4 Trailing Stop .................................................................................................................. 18

3.5 Closing Position ............................................................................................................ 19


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Page 1 of 19MetaTrader 5 Guide from Sensus Capital Markets Ltd

1. Install and Opening MT5 Accounts

Please log on to the secure client area on www.sensus-capital.com and select the option todownload the setup file.

Execute the setup file “mt5setup.exe” and follow the installation instructions on your screen. Once

the installation is complete you can access Metatrader5 via a shortcut on your desktop.

1.1 Opening Demo Account

Open Metatrader5 and click on “File”-“Open an account”. Wait for the scan bar to complete, andthen click on “Next”.


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Page 2 of 19MetaTrader 5 Guide from Sensus Capital Markets Ltd.

Select a new demo account from the options, and then click on “Next”

You will then be asked to fill out a registration form.

Once you have finished the registration, the login details will be set up automatically for you and

displayed on the screen. You can repeat the process for as many demo accounts as you like.


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1.2 Login

To log in you will need to enter the log-in details provided to you when you submitted the demo

download request. When you have a Live Account we will email it to you.

How to change your password?

In order to change your password, you must be logged in to your account. Go to the standard

Toolbar, select “Tools” – “Options” and then click to “Server” tab. You should see the context box

below:


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Enter your current login and password and click the “Change” button.

Please enter your current password again and be sure that “Change the master password” is

selected. You must now create a new password, and then confirm this in the “Confirm” box and click

“Ok”.


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Managing of objects to be imposed into charts

Chart Timeframe management

2.1 Market Watch

This window lists all the quotes for the instruments on your account.


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This window allows placing market and pending orders and open new charts. When the right mouse

button is clicked in the “Market Watch” window, the context menu will appear where the following

commands are available:

New Order: Here users can open the “New Order” the user can prepare and place a

market or a pending order for the symbol selected.

Chart Window: Here the user can open the chart

Tick Chart: This option allows the user to open the tick chart

Specification: detailed Product view

Popup Prices: Opens an additional quotes window


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Hide: Delete the symbol from the list.

Hide all: This option will delete all symbols from the list

Show all: Show the list of all symbols

Symbols: This option calls the Symbols window

Sets: Open the submenu that manages the symbols sets.

Auto Arrange: Automatic arranging of columns when changing the windows size.

Grid: Show/hide the grid separating columns

2.2 Navigator

This window allows quick access to various features of the terminal.


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Accounts: The Accounts section show all the accounts used in Window MT5. Double

clicking on one of the accessible accounts, will allow you to switch from one

account to another

Indicators: A list of technical indicators is available in the Indicators group. By double

clicking on the selected indicator, you may add it to the current chart. You can

also insert indicators from the main menu


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Custom Indicators: You can use the Custom Indicators option to set customized indicators

according to your own instructions

Expert Advisors: Expert Advisors (EA) may be used to make the trading process automatic,

thus facilitating the investor from continuously watching the market


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Scripts: A script is a program written in Meta-Quotes Language 5 and is designed for

a single action. A script can perform both analytical and trading functions.

2.3 Chart

Charts are one of the most useful tools available to a trader and they can greatly enhance a trader’s

strategy if used correctly, especially for those using technical analysis.


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For each chart that you have open in the chart window, you can individually change its appearance

and properties. In order to do this you can either follow the path Charts – Properties on the main

toolbar, you can right click anywhere in the chart window and select Properties, or simply use the

hot key F8.


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2.4 Toolbox

This window gives you quick access to a number of important features, such as your trading

activities and account history.

Trade: Allows you to view all open positions and pending orders. You can monitor

important figures such as Balance, Equity and Margin Level.

Exposure: The Exposure section contains a summary of all open positions

History: This provides a comprehensive list of all previous trading activities, but does

not take into consideration current open position

News: The News section is intended for working with news messages


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Mailbox: You can view incoming/outgoing messages here

Alerts: If you have set any alerts, they can be viewed here

Experts: Are programs developed in the MQL5 programming language that are used

for the automation of analytical and trading processes

Journal: This is a log of all operations performed while using the terminal


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3. Trading

3.1 Types of Orders

Market Order: That means you will be filled automatically at the current market price. Once

you place a “Sell by Market” or “Buy by Market” your broker will confirm the

execution price.

Pending Order: A Pending order is an order that allows the user to buy or sell a symbol at a

pre-defined price in the future. These types of orders are used for opening a

trade position providing the future quotes reach the predefined level.

3.2 Opening a trade

To open a trade, you will need to access the order screen. There are number of ways to do this:

Double click on the desired pair in the Market Watch window

Click Tools – New Order

Right click on the pair in the Market Watch window and select new order

Use the hot key F9

Right click on the Trade tab in the Terminal window and select new order

However all of the above will display the following screen.


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Symbol: Symbol for which the position is to be opened

Type: You can select the type of execution

Market execution: A market order is an order to buy or sell a symbol at the current price.

Execution of this order results in opening a trade position. Symbols are

bought at ASK price and sold at BID price.

Pending execution: This type of execution allows you to set a price level at which you wish to

enter into a trade for the selected pair (sell or buy).

Volume: Specify the trade volume

Comment: You can write your own personal notes regarding the trade

After you have entered the required criteria, click “Place”. The position will be shown under the

Trade tab in the Terminal window, even when the order has not yet been executed.

3.3 Stop Loss - Take Profit

A Stop loss is the price at which you want your position to be closed. This will limit your loss if the

market turns against you.

A Take profit is the exact opposite as it used to define a level with which you are happy to close the

trade and walk away with the profit.


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The user must select the Modify or Delete Order option.

The following window will appear:

Enter the desired price of the Stop Loss or Take Profit order in the appropriate windows or choose

the Level in points. If the order level placed is incorrect, the execution will not be performed.


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3.4 Trailing Stop

A Trailing stop is automated and is activated once a position becomes profitable at a market price

away from entry level predefined by the user. The order is set at a specified distance from the

current market price, if the price changes in a profitable direction the trailing stop will follow

automatically, if market turns and the profitability of a position falls the order will not be modified,

meaning the profit of the position will be fixed.

Once you have an open position, on the Trade tab in the Terminal window, right click the position

you wish to set this on and will see the context menu on the right hand side. Trailing stops can be

disabled by setting “none” in the managing menu.

Trailing stops will only be active while the user is logged on to MT4 as trailing stops only register on

the client terminal whereas stop losses remain as they are saved on the server.


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3.5 Closing Position

User who wants to close an open position can do so by selecting “close order” in context menu of

the “Terminal-Trade” window or by double clicking on position they wish to close .

Disclaimer: The MetaTrader 5 manual is an information service for new and existing customers of Sensus Capital Markets and does not constitute or serve

as an invitation or recommendation to trade. The application and implementation of the methods used in the manual are at the sole risk of the user. Sensus

makes no representations or warranties about the accuracy or the inaccuracy of the manual and its contents. Past performance is not a guide to future

returns. Sensus Capital Markets specifically asks new and existing customers to carefully review all claims and representations made by advisors, bloggers,

money managers and system vendors before investing any funds or opening an account with any broker. Any opinions, news, research, analyses, prices, or

other information contained in this manual is provided as is, and does not constitute investment advice. You should be aware of all the risks associated with

foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Sensus Capital Markets will not accept liability for

any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Trading Foreign Exchange (FX), contracts for difference (CFDs) and precious metals carries a high level of risk and may not be suitable for all investors. The

high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment

objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss to some or all of your initial investment and therefore you

should not invest money that you cannot afford to lose.


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Representative Office Germany

Borselstraße 20

22765 Hamburg

Germany

Phone +49 40 605 90 10 20

Fax +49 40 605 90 10 26

Head Office

Level 4, Rosa Marina Bldg.,

216, Marina Seafront,

Pieta. PTA 9041 / Malta

Phone +356 277 811 20

Fax +356 277 811 21

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