The How to Guide for MetaTrader 5 Software

How to Setup MT5 Bitcoin Platform Guide

This MT5 platform step by step guide will explain how to tutorials for MetaTrader 5 software.

How to Setup MetaTrader 5

To setup MetaTrader 5 software - download MT5 exe set-up file, Click setup & follow MetaTrader 5 installation instructions.

How to Login to MetaTrader 5

To trade with the MetaTrader 5 Bitcoin Platform you will need to first of all enter bitcoin account details - the MetaTrader 5 platform will prompt you to enter you bitcoin account details & you as a btc usd trader can use enter your bitcoin account login details by clicking the File tab on the MT5 platform at the top-left corner of MT5 software, then select the Sign In to Trade Account option & then enter your bitcoin account details - bitcoin Demo Practice account details for MT5 bitcoin practice account & bitcoin live account details for MetaTrader 5 real bitcoin account.

How to Open a Crypto Instrument on MetaTrader 5

To open a Crypto Instrument go the MetaTrader 5 Market Watch Window select the crypto instrument that you want to open & doubleclick the crypto instrument to open the bitcoin chart for this crypto instrument.

You can also click the click to add button at the bottom of MetaTrader 5 MarketWatch Panel Window to add a crypto instrument that is not listed on the MarketWatch Widow.

How to Open a Bitcoin Trade on MetaTrader 5

To open a bitcoin trade in the MetaTrader 5 platform right click within the bitcoin chart & choose the New Order Widow to open a buy/sell trade position.

A trader can also open the New Order window on the MT5 platform by clicking the MetaTrader 5 short cut key - F9, bitcoin crypto currency traders can press F9 to open New Order panel.

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

How to Open a Buy Trade on MT5

To open a buy bitcoin trade choose the New Order window in MetaTrader 5 Platform by pressing F9, specify the bitcoin crypto currency lot size that which you want trade, click Buy by Market Button to place a buy bitcoin trade in MT5 Software.

How to Open a Sell Trade on MT5

To open a sell bitcoin trade choose the New Order window in MetaTrader 5 Platform by pressing F9, specify the bitcoin crypto currency lot size that which you as the trader want trade, click Sell by Market Button to open a sell bitcoin trade in MT5 Software.

How to Close a Bitcoin Trade on MetaTrader 5

Open the MT5 Terminal Window where open bitcoin trades are displayed on the MetaTrader 5 Platform by pressing MT5 shortcut Keys CTRL+T, then select the bitcoin crypto currency trade you want to close, then select Close Order option - and this then opens a bitcoin Order window to close the bitcoin trade - press yellow Close button to close the bitcoin trade in the MetaTrader 5 software.

How to Set Take Profit in MetaTrader 5

TP Zone can be placed when opening a new bitcoin trade in the MetaTrader 5 software. On the New Order window provided on the MetaTrader 5 platform there is a field for Take Profit - this is where a trader will specify the take-profit level for their open bitcoin trade transaction.

TP Zone can also be set when adjusting an open bitcoin trade, to modify & set take profit for an open bitcoin trade - right click the trade that you want to modify on the MetaTrader 5 Terminal Window or on the Bitcoin chart, Select Modify Order, Choose Take Profit and set the Take-Profit Level you as a trader want for your open btcusd crypto trade.

How to Set Stop Loss on MT5

Stop Loss Level can be set when opening a new bitcoin trade in the MetaTrader 5 software. On the New Order window provided on the MetaTrader 5 platform there is a field for Stop Loss - this is where a trader will specify the stop loss level for their open bitcoin trade transaction.

Stop Loss Level can also be placed when adjusting an open bitcoin crypto currency trade, to modify & set a stop loss for an open bitcoin trade - right click on the bitcoin trade that you want to modify on the MetaTrader 5 Terminal Window or on the Bitcoin chart, Select Modify Order, Choose Stop Loss & set the Stop Loss Level you as a trader want for your open bitcoin crypto currency trade transaction.

How Do I Set a Bitcoin Pending Order on MetaTrader 5

To place a bitcoin pending order open the New Order Window on the MetaTrader 5 platform, then change the btcusd crypto order from Market Execution to Pending Order.

BTCUSD Crypto traders can then select the bitcoin pending order which they want to set, these pending orders are buy limit, buy stop, sell limit, sell stop.

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