MetaTrader 5 Android OS Help

Depth of Market

Depth of Market

The Depth of Market (DOM) displays bids and asks for a particular instrument at the best prices (closest to the market) at the moment. The DOM window also shows the volume of each order.

Depth of Market (DOM) is only available for the symbols traded in the exchange execution mode. Trade operations are sent to an external trading system (stock exchange). To open the Depth of Market window of a financial instrument, click "Depth of Market" in its context menu in "Quotes".

The number of offers displayed in the DOM is determined by the symbol parameters set by the broker.

Depth of Market

Current Position

The upper section contains the data on the current open position, if there is any.

  • Symbol name
  • Position direction – Buy or Sell
  • Profit/loss

Use the "Close" button at the bottom of the Depth of Market to close the current position.

Lots/Amount button allows you to switch quotes volume display mode in the Depth of Market.

List of Requests

The main part of DOM is occupied by the list of trade requests which are closest to the market. The upper part (colored in red) displays bids, while the lower part (colored in blue) displays asks. List of requests is divided into three columns:

  • Volume – total volume of requests at a specified price;
  • Price – request price;
  • Trading – this column displays trader's current trade requests and stop levels (Stop Loss and Take Profit). For example:
  • BL 10 – Buy Limit order of 10 lots;
  • SL 5 – Sell Limit order of 5 lots;
  • BS 1 – Buy Stop order of 1 lot;
  • SS 3 – Sell Stop order of 3 lots;
  • sl 1 – Stop Loss of a position of 1 lot;
  • tp 2 – Take Profit of a position of 1 lot.

Trading Commands

Traders can send market and limit (Buy Limit and Sell Limit) orders.

Pending Orders

Buttons for placing pending orders are located at the right side of Trading column. The order is placed at the price with a pressed button.

  • Set Buy Limit/Buy Stop– if this button is pressed in the Bid prices area, a Buy Limit order at a specified price will be placed; in case it is pressed in the Ask prices area, a Buy Stop order will be placed;
  • Set Sell Limit/Sell Stop– if this button is pressed in the Ask prices area, a Sell Limit order at a specified price will be placed; in case it is pressed in the Bid prices area, a Sell Stop order will be placed.

Trading Settings

The lower part of DOM contains trade operation settings:

  • sl – Stop Loss level is set for placed limit orders. This parameter is specified in points from the current price;
  • vol – the volume of created market and limit orders in lots;
  • tp – Take Profit level is set for placed limit orders. This parameter is specified in points from the current price.

Market Orders

Market order commands are located below:

  • Sell – make a Sell deal in the size specified in "vol" field at the best available price.
  • Close – this button is enabled only if there is an open position for a selected financial instrument. It allows you to close the entire position at the best available price.
  • Buy – make a Buy deal in the size specified in "vol" field at the best available price.