The How to Guide for MT5 Platform

How to Setup MT5 XAUUSD Platform Lesson Tutorial

This MetaTrader 5 software step by step tutorial will explain how to guides for MetaTrader 5 software.

How to Setup MT5

To setup MetaTrader 5 platform - download MT5 exe setup file, Click setup and follow MT5 setup instructions.

How to Login to MetaTrader 5 Platform

To trade with the MT5 XAUUSD Platform you'll need to first of all enter xauusd account details - the MT5 platform will prompt you to enter you xauusd account details and you as a trader can use enter your xauusd account log in credentials by clicking the File tab in MT5 platform at the tops left corner of MetaTrader 5 platform, then select the Login to Trade Account option and then enter your xauusd account details - xauusd practice account details for MetaTrader 5 xauusd demo account & xauusd live account details for MT5 real xauusd account.

How to Open a XAUUSD on MT5

To open a XAUUSD go the MT5 Market Watch Window select the xauusd instrument that you want to open and double click on the xauusd instrument to open the xauusd chart for this xauusd instrument.

You can also tap the click to add button at the bottom of the MT5 Market Watch Window to add a xauusd instrument that is not listed on the Market Watch Widow.

How to Open a XAUUSD Trade on MT5

To open a xauusd trade in MetaTrader 5 platform right click within the xauusd chart & select the New Order Widow to open a buy or sell trade transaction.

A trader can also open the New Order window on the MT5 platform by clicking the MT5 shortcut key - F9, xauusd traders can press F9 to open the New Order window.

From MetaTrader 5 New Order panel a trader can open a buy or a sell xauusd trade by clicking the Buy by Market to open a buy xauusd trade or clicking the Sell by Market to open a sell xauusd trade. From this xauusd new order trade window a trader can also specify the xauusd lot size which they want to buy or sell.

How to Open a Buy Trade on MT5

To open a buy xauusd trade sect the New Order panel in MT5 Platform by pressing F9, specify the xauusd lot size you want to trade, click the Buy by Market Button to open a buy xauusd trade in MetaTrader 5 Platform.

How to Open a Sell Trade on MT5

To open a sell xauusd trade sect the New Order panel in MT5 Platform by pressing F9, specify the xauusd lot size you want to trade, click the Sell by Market Button to open a sell xauusd trade in MetaTrader 5 Platform.

How to Close a XAUUSD Trade on MT5

Open MetaTrader 5 Terminal Window where open xauusd trades are displayed on the MT5 Platform by pressing MT5 shortcut Keys CTRL+T, then select the xauusd trade you want to close, then choose Close Order option - and this then opens a xauusd Order window to close the xauusd trade - click the yellow Close button to close the xauusd trade in MetaTrader 5 platform.

How to Set Take Profit on MT5

Take Profit Level can be set when opening a new xauusd trade in MetaTrader 5 platform. On the New Order window provided on the MT5 platform there is a field for Take Profit - this is where a trader will specify the take profit level for their open xauusd trade transaction.

Take Profit Level can also be set when modifying an already open xauusd trade, to modify and set take profit for an open xauusd trade - right click on trade you want to modify on MetaTrader 5 Terminal Window or on the XAUUSD trading chart, Choose Modify Order, Select Take Profit & set the Take Profit Level you want for your open xauusd trade transaction.

How to Set Stop Loss on MT5

Stop-Loss Level can be set when opening a new xauusd trade in MetaTrader 5 platform. On the New Order window provided on the MT5 platform there is a field for Stop Loss - this is where a trader will specify the stoploss level for their open xauusd trade transaction.

Stop-Loss Level can also be set when modifying an already open xauusd trade, to modify and set a stop loss for an open xauusd trade - right click on the xauusd trade that you want to modify on the MT5 Terminal Window or on the XAUUSD trading chart, Choose Modify Order, Select Stop Loss & set the Stop Loss Level you want for your open xauusd trade transaction.

How to Place a XAUUSD Pending Order on MT5

To place a xauusd pending order open the New Order Window on the MT5 platform, then change the xauusd order Type from Market Execution to Pending Order.

XAUUSD traders can then choose the xauusd pending order which they want to set, the pending orders are buy limit, buy stop, sell limit, sell stop.

The How to Tutorial for MT5 Platform