Placing a trade
- Navigate to the Quotes tab
- Tap on the instrument you want to trade
- Press Trade.
- You will then be prompted to specify the volume (number of lots) and type of execution you would like. At this point, you can also add a Stop Loss or Take Profit, if you want to apply for one.
- To place a Market Order, click on Buy by the Market or Sell by the Market, if you want to place a Pending Order select Place.
Types of Order: You are able to place Market Execution and Pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit and Sell Stop Limit) on your MetaTrader 5 iPhone app. However, you are unable to place a trailing stop using the MetaTrader 5 iPhone app.
Changing a Market Execution Order to a Pending Order
You can convert your trade to a pending order by following these steps:
- Go to the Trade tab.
- Find the trade you want to modify.
- Click Modify.
- Tap on the displayed execution type and select a pending order.
- After selecting a pending order, configure the parameters such as Price, Volume, Stop Loss, Take Profit, and Expiration.