MetaTrader 5 (MT5) is a powerful and user-friendly trading platform. This article demonstrates how to use MT5 on your desktop/laptop.
Before installing MT5, locate your trading account login and server details in your Personal Area (PA) using the linked article.
Installing MT5
+For Windows/Mac OS:
- Download MT5 from the Exness website and double-click the installation file.
- Follow the prompts to complete the installation.
- You can modify where you install MT5 by clicking Settings for your preferences, or simply click Next to agree to the End-User License Agreement and continue.
- Click Finish and it will open MT5 automatically.
- For your first log-in, close the “Open an account” window by clicking Cancel.
Logging in
+To log in:
- Click File and select Login to Trade Account.
- Enter your trading account’s Login, Password, and Server, then click Login.
- If you cannot find the server, go to Filethen Open an Account. Search for Exness, then select Exness Technologies Ltd. from the list. Choose your server from the list and hit Finish.
- If successful, you will hear a confirmation chime, which means you are now logged into MT5 with your trading account.
If using the MT5 default accounts created during registration, the password will be the same as the PA password.
To switch accounts:
- Click File and select Login to Trade Account while logged into a trading account.
- Sign in with your other trading account’s details and click OK. Tick Save account information to make switching quicker.
- The saved accounts will be visible in the dropdown menu while logging in.
Adding and removing instruments
+Manage your preferred trading instruments in the Market Watch window.
To add:
- Right-click on the Market Watch window.
- Select Symbols and select from the list displayed.
- Double-click on an instrument to add it to Market Watch and click OK.
To remove:
- Right-click on an instrument in the Market Watch.
- Click Hide.
Opening an order
+Here are a few ways to open the New Order window:
- Click New Order in the toolbar.
- Press F9 on your keyboard.
- Right-click on the trading instrument in the Market Watch window, then click New Order.
- Double-click the trading instrument in the Market Watch window.
To place an order:
- From the New Order window, select your preferred symbol, transaction size, Stop Loss (SL), and Take Profit (TP) levels.
- The execution type is found under Type and is auto-detected by the instrument chosen and trading account type.
- Click Sell By Market or Buy By Market to place the order. Note that the buttons may vary based on the execution type.
To set up pending orders:
- Open the New Order window (F9).
- From the New Order window, select your preferred symbol and transaction size.
- Under Type choose Pending Order and select the pending order of your choice from the dropdown provided.
- Set up your Price and optionally set up an Expiry date*, Stop Loss (SL) and Take Profit (TP) levels.
- Click Place to set up your pending order.
*Expiry dates that fall during a weekend will see the order expire at market close at the end of the current week (excluding cryptocurrency instruments).
Please follow stop levels when setting pending orders (including SL and TP).
Closing an order
+Closing an order can be done in one of the following ways:
- Double-click the order you want to close in the Trade tab (in the Terminal area), then click the Close By Market button.
- Right-click your order in the Trade tab, select Close Order, and confirm it. With One-Click Trading active, the order closes when Close Order is selected.
- Click the X on the right of the order in the Trade tab; this closes the order instantly with One-Click Trading active.
You can refer to our detailed article on closing orders for step-by-step instructions on how to go about it.
Managing an order
+Here’s how you can modify or delete an existing order from the Trade tab:
- Right-click the order in the Trade tab (in the Terminal area).
- Click Modify or Delete Order.
- To modify: amend the fields available for modification, including Price, Stop Loss, Take Profit, and Expiry date. Click Modify once done.
- To delete: click the Delete option.