There are three ways to place a new order and access the New Order interface:

Number 1: From the toolbar
Click ‘New Order’ in the toolbar.

Number 2: From the menu bar
Click ‘Tool’ in the menu bar and select ‘New Order.’

Number 3: Right-click on the chart
Right-click on the chart, and select ‘Trading’ and ‘New Order’.

Below are the steps for executing ‘market orders’ using the order interface in MT5

1. Select your Symbol
   Choose the Symbol/ trading instrument (currency pair, commodities, indices, share CFDs, or Bullion ) you wish to trade.
2. Select the Type
   Choose ‘Market Execution’ to place a market order.
3. Volume
   Specify the position size in Volume.
   1 lot does in FX = 100,000 units of base currency unit.
   1 lot CFD trading in Indices and Shares = 1 trading unit for CFD's
   1 lot for CFD commodities, can vary from 100 units for Gold, 5000 units for Silver, to 10,000 units for Natural Gas.
4. Stop-Loss/Take-Profit levels
   You can set the closeout levels (Stop-Loss and Take-Profit), for the Position opened by Market Execution.
   Note: You can choose either prices or points to set the Stop-Loss and Take-Profit levels. For detailed instructions, please refer to the last section of this article: ‘Set Stop-Loss or Take-Profit levels from the order interface’.
5. Comment
   If you want to add comments or notes to the order, you can do so in the Comment section.
6. Sell by Market / Buy by Market
   After setting all the order details, click ‘Sell by Market’ or ‘Buy by Market’ to place the market order.

Below are the steps for executing ‘pending orders’ using the order interface in MT5

1. Select your Symbol
   Choose the Symbol/ trading instrument (currency pair, commodities, indices, share CFDs, or Bullion ) you wish to trade.
2. Select the Type
   Choose ‘Pending Order’ to place a new order (limit or Stop).
3. Select the Type
   Choose the Buy/Sell Limit or Buy/Sell Limit order:
   Buy Limit: An order to buy at a price lower than the current market price.
   Sell Limit: An order to sell at a price higher than the current market price.
   Buy Stop: An order to buy at a price higher than the current market price.
   Sell Stop: An order to sell at a price lower than the current market price.
4. Volume
   Specify the position size in Volume.
   1 lot does in FX = 100,000 units of base currency unit.
   1 lot CFD trading in Indices and Shares does = 1 trading unit for CFD's
   1 lot for CFD commodities, can vary from 100 units for Gold, 5000 units for Silver, to 10,000 units for Natural Gas.
5. Price
   After setting Buy Limit, Sell Limit, Buy Stop, or Sell Stop orders, go to the ‘Price’ section and specify the value.
6. Stop-Loss and Take-Profit
   Set the ‘Stop-Loss’ and ‘Take-Profit’ levels in prices or points
   Note: You can choose either prices or points to set the Stop-Loss and Take-Profit levels. For instructions on how to proceed, refer to the last section of this article: ‘Set Stop-loss or Take-profit levels from the order interface’.
7. Expiration and Expiration date
   You can set the order's Expiration date. In addition to ‘GTC (Good Til Canceled)’ and ‘Today,’ you also have the options of ‘Specified’ and ‘Specified Date
8. Comment
   If you want to add comments or notes to the order, enter them in the Comments section.
9. Place
   After setting all the order details, click ‘Submit’ to place the order.

1. Click ‘Tools’ in the MT5 menu bar and select ‘Options.’
2. In the ‘Options’ window, navigate to the ‘Trade’ tab.
3. To specify Stop-Loss levels in prices, go to the ‘Stop Levels’ section and select ‘In Price’. Selecting ‘In Points’ will allow you to set stop-loss levels in points (1 point = 0.1 pips).