Learn the basics of opening, closing, and managing your orders with your MT5 trading accounts on Exness Trade. To begin, launch the Exness Trade app on your mobile device.
To trade with MT4 accounts from Exness Trade, you will need to download the MT4 mobile application.
Opening an order
+- Tap on the Trade tab.
- Find or select any trading instrument to expand its chart.
- Tap Sell or Buy.
- Select the mode Regular or Risk calculator mode
- Set the order volume. For pending orders, toggle Order settings to display pending order settings.
- Tap the displayed tab to select the available order type and set the values. You can also set take profit and stop loss directly on the chart.
- Once done, tap Confirm.
- A notification confirms that the order has been opened.
From the order form, you can also place an order using the Risk calculator mode:
- Select Risk calculator from the order form dropdown menu.
- Select Sell or Buy and set the desired order details such as market or pending order, risk, stop loss, and take profit.
- Based on the values entered, the calculated number of lots will be displayed.
- Hit Confirm.
Use the trading calculator above the chart to calculate an order's trading conditions and the position size calculator within the order form to predict profit and loss by setting your risk appetite and stop loss values.
The previous values will be automatically set if you have used the position size calculator before. If you put an incorrect Risk/Stop Loss or Volume value, the inaccurate value will be shown in red.
To set stop loss and take profit, read about setting stop loss and take profit.
Closing an order
+- In the Accounts tab, open orders are shown in the Open tab.
- Tap the order you wish to close, then tap Close order, or swipe left and tap Close.
- Tap Confirm to close the order.
-
To partially close:
- Tap the order and head to the Partial close tab.
- Enter the lots to close and tap Close order.
- Hit Confirm.
-
To close by:
- Tap the order and head to the Close by tab.
- Select the opposite order to close according to price and tap Close order.
- Hit Confirm.
-
To partially close:
- A notification confirms that the order has been closed.
To close all orders for a specific instrument:
- In the Accounts tab, open orders are shown in the Open tab.
- Swipe left and tap Close.
- Hit Confirm.
To close all positions:
- In the Accounts tab, open orders are shown in the Open tab.
- At the bottom of your open orders, tap Close all positions.
- Select an option of either:
- Close all
- Close all profitable
- Close all losing
- Close all Buy
- Close all Sell
- Tap Confirm.
- A notification confirms the number of positions closed and the resulting profit/loss.
Closing all positions sends one request to the server. The server executes this request one by one separately and consecutively for each order, which may result in the trade being executed at a different price. All orders will be closed at the market price without any requotes.
Managing an order
+- Go to the Open or Pending tab on the Accounts page.
- Select an order of your choice, swipe left, and tap Modify.
- Set up the TP and SL values in price, pips, money, or % of equity.
- Hit Confirm.
To modify a group of orders, all orders must be set in the same direction. If not, you must modify the orders separately.
To delete pending orders on Exness Trade:
- In the Accounts tab, pending orders are shown in the Pending tab.
- Tap the pending order you wish to change or swipe left.
- Tap Delete order, then Confirm.
- The pending order has now been deleted.
Order information
+When creating an order, tap the Order information icon to view the following information:
- Fees: Fees that will be charged after opening the order
- Leverage: The leverage used to open an order
- SWAP: The amount of SWAP that can be deducted or credited to the account
- Pip Value in account currency
- Volume in USD
- Volume in units
- Potential Stop Out: The estimated stop out price if open positions are of the same instrument and direction.
Requotes
+When opening/closing a market order on a trading instrument with instant execution (Pro trading accounts only), the system displays a requote with a set of available prices if the requested price is unavailable.
- When opening a trade, requotes will show a new price to be confirmed.
- When closing a trade, requotes show a new price and the projected profit or loss.
If a pending order is canceled, either due to insufficient margin or low leverage, you will immediately receive a canceled order push notification. For example: Unable to execute pending BUY order #232323 for 0.2 lot(s) of XAU/USD.