The How to Guide for MT5 Platform

How to Setup MetaTrader 5 Oil Trading Platform Lesson Tutorial

This MT5 oil trading platform step by step guide will explain how to tutorials for MT5 oil trading platform.

How to Setup MT5

To setup MT5 oil platform - download the MT5 exe setup file, Click setup and follow the MT5 installation instructions.

How to Log in to MetaTrader 5 Crude Oil Trading Platform

To trade with the MT5 Oil Trading Platform you will need to first of all enter crude oil account details - The MT5 oil trading platform will prompt you to enter you crude trading account details & you as a trader can use enter your crude oil account login details by clicking the File tab on the MT5 platform at the tops left corner of MetaTrader 5 platform, then select the Login to Trade Account option and then enter your crude oil account details - crude oil demo account details for MT5 crude oil practice account and crude oil live account details for MT5 real crude oil account.

How to Open a Oil Instrument in MetaTrader 5 Software

To open a Oil instrument go the MT5 Market Watch Window select the crude oil instrument that you want to open and double click on the crude oil instrument to open the oil trading chart for this crude oil instrument.

You can also tap the click to add button key at the bottom of MetaTrader 5 Market Watch Window Panel to add a crude oil instrument that isn't listed on the Market Watch Widow.

How to Open a Oil Trade on MetaTrader 5 Oil Trading Platform

To open a crude oil trade on MT5 platform right click within the oil trading chart and choose the New Order Widow to open a buy or sell crude oil trade.

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

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

How to Open a Buy Trade on MT5 Software

To open a buy crude oil trade sect the New Order window panel in MT5 Platform by pressing F9, specify the crude oil lot size you want to trade, click the Buy by Market Button Key to open a buy crude oil trade on the MT5 Oil Trading Platform.

How to Open a Sell Trade on MT5 Software

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

How to Close a Crude Oil Trade on MT5 Crude Oil Trading Software

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

How to Set Take Profit on MT5 Software

Take Profit Level can be set when opening a new crude oil trade on MT5 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 crude oil trade.

Take Profit Level can also be set when modifying an already open crude oil trade, to modify & set take profit for an open crude oil trade - right-click on trade you want to modify in the MT5 Terminal Window Panel or on the Oil chart, Select Modify Order, Choose Take Profit & set the Take Profit Level that you want for your open crude oil trade.

How to Set Stop Loss on MT5 Software

StopLoss Level can be set when opening a new crude oil trade on MT5 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 crude oil trade.

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

How to Place a Crude Oil Pending Order on MT5 Software

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

Oil traders can then select the crude oil pending order that they want to set, the pending orders are buy limit, buy stop, sell limit, sell stop.

The How to Guide for MetaTrader 5 Platform