MetaTrader 5 HelpDepth of Market 

Depth of Market

The Depth of Market 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

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 Depth of Market" in the context menu of the Market Watch.

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

The "Depth of Market" window contains the following elements:

Managing Requests

The upper portion of the window contains commands for managing requests for trading operations. In fact, the requests are pending orders of Buy Limit, Sell Limit, Buy Stop and Sell Stop types. These commands are only activated if the are current requests.

  • Cancel Buy — cancels (deletes pending orders) all Buy requests (Buy Limit, Buy Stop).
  • Cancel All — cancels all requests.
  • Cancel Sell — cancels (deletes pending orders) all Sell requests (Sell Limit, Sell Stop).

Trade Requests

The main part of the window is a list of Buy and Sell offers. Offers to buy a certain size of a financial instrument at a specified price are displayed in blue, sell offers are in red.

  • Buy — this field contains the volume of one's own Buy request displayed in the Depth of Market. For the requests of other bidders this field is not filled;
  • Bid — volume of bids;
  • Price — price of a bid;
  • Ask — volume of Sell offers;
  • Sell — this field contains the volume of one's own Sell request displayed in the Depth of Market. For the requests of other bidders this field is not filled.

Trade

Commands for executing trade actions are available at the bottom of the DOM window:

  • Sell — make a Sell deal in the size specified in the field to the right, at the best available price;
  • Volume — the volume for a trade operation;
  • Buy — make a Buy deal in the size specified in the field to the left, at the best available price;
  • Close — this button appears only if there is an open position for a selected financial instrument. It allows you to close the entire position.

Context Menu

The context menu of this window contains the following commands:

  • Lots — show volumes in lots;
  • Amounts — show volumes in amounts;
  • Grid — show/hide grid.

 

MetaTrader 5 — a complex trading platform for providing brokerage services on the retail Forex market.

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