Open a window and tap ‘new order’ or simply use your hotkey F9. Alternatively, right-click on the chart and tap ‘trading’ and then ‘new order’. 

Your order ticket window will have three fields 

1. The ‘type’ field is where you can place an order at current market price (market execution) or submit an order for a certain price in the future (pending order). 

2. The ‘volume’ field is where you input your trading volume. This is based on standard FX lots (USD$100,000 exposure and $10 of the base currency per pip). 

3. Add an automated order to exit your trade at a profit (take-profit) or loss (stop-loss) at prices you specify. 

Simply right-click on the trade within the ‘terminal – trade’ section and select ‘modify’ or ‘delete’ order. 

You can modify stop-loss or take-profit orders in two ways: 

1. Input the point distance you want away from the current price. For example, 200 points is a 20-pip stop-loss from the current market price.  

2. Alternatively, you can add the exact price at which you wish to exit in the stop-loss field. 

It’s easy to load your Expert Advisor (EA) or indicator. 

1. Download your EA or indicators as a file on your computer. 

2. Enter 'MT4' and select 'file’. 

3. Open the 'data' folder. 

4. Enter ‘MQL5’, which will allow you to drag and drop the file into either the 'Expert Advisors' or 'indicators' folder. 

5. Restart the MT5 platform and your Expert Advisor or indicator will appear in your ‘navigator’ list. 

Smart Trader is a set of 28 expert tools and indicators designed to help you take your trading to the next level. They’re easy to use, install and access, and are exclusive to MetaTrader 4 and MetaTrader 5. Find out more about how Smart Trader tools can help you unlock your trading potential. 

How can I subscribe to additional products in MT5? 

1. On the MT5 desktop platform, log in and go to the subscriptions menu on the left bar. 

2. Select the subscription you want to access. You can then view the cost, duration, and description of the product you want to subscribe to.  

3. Click on the green button to subscribe. 

Once subscribed, you can view the duration and type of renewal, and unsubscribe if needed. Please note that subscriptions with fees are non-refundable even if you unsubscribe from them. 

MT4 and MT5 are both popular trading platforms, but they differ in their scope and functionality. MT4 is a straightforward, intuitive and globally popular trading platform, suitable for both beginners and advanced traders because of its broad functionality. 

MT5 though, is here to change the game. It’s a platform known for its wide range of time frames, analytical prowess and variety of pending orders, on stocks, commodities, indices and more. 

MT5 offers: 

• A wider range of time frames: 21, compared to MT4’s 9. This can be extremely attractive for scalpers and advanced traders who are looking to do in-depth analysis of the market. 

• Pending orders: MT4 offers stop and limit orders which are generally the most commonly used ones, whereas with MT5 you have the functionality to use stop-limits too, which can help control execution price and avoid unfavourable trades in volatile markets. 

• The programming language MQL5: Although there is more likely to be a larger amount of research and guidance for MT4 due to its popularity, users are starting to migrate to the MQL5 programming language as it’s more efficient and easier to use, and traders can write and alter scripts. 

• Built-in fundamental economic calendar: delivering live macroeconomic news. MT5 also contains an inbuilt MQL5 Community Chat and email system. 

Generally, for beginner traders or clients who are looking to just trade forex, MT4 is a straightforward and efficient choice. For traders looking for even smarter software, with a broader range of additional features and more in-depth analysis, then MT5 is more suitable. If you’re looking to trade the top US share CFDs around the clock,³ then consider MT5.