Aide MetaTrader 5 Android OS

  • Trade

Market Operations

A market operation is buying/selling a financial instrument at the best price currently offered on the market. Market operations can be performed via the Depth of Market using Buy and Sell buttons below.

From the Depth of Market – run the appropriate trade command in the DOM of a required symbol, specifying the required amount. This request to execute a trade operation will be immediately sent to the server without specifying any extra conditions.

The volume must be specified before performing an operation.

After clicking Buy or Sell, an appropriate request to execute a trade operation will be immediately sent to the server without specifying any extra conditions.

Depth of Market

Sending a request for a transaction execution

Below is an example of a market operation: buying 50 lots of EURUSDCIT.

Sending the Request

Let's specify the volume of 50 lots and click Buy:

Executing the Request

The above screenshot shows that only 1 lot at the best price of 75.6820 were available at the moment of execution. "Fill or Kill" execution mode is used by default when sending market requests from the Depth of Market. It means that the request should be performed in the specified volume. If the specified volume is not available in the market, the request will not be executed.

The necessary volume is available in the market but at a higher price. The requested volume will be reached using the best price offers. You can view the history of order execution in the "History" tab.

The above screenshot shows that the order was executed by two deals: 1 lot at 75.6820 and 49 lots at 75.6300.

History of deals performed as a result of the order execution

  • When executing market deals you agree in advance to buy/sell a symbol at the current market price in a specified volume. Therefore, one order can be executed by several deals at the best market price.
  • Pending orders should be used to execute trade operations at a specified price.

Closing positions in the Depth of Market

Closing Positions

The Depth of Market allows you to view open positions by their symbol, as well as close them quickly if necessary. Position status is shown at the upper section of the Depth of Market.

To close a position, tap Close at the bottom part of the Depth of Market. Click on it to close your position without any further confirmations.

Trader Requests

Placing a trader request means creating a pending order to buy/sell a financial instrument at a specified price. 4 types of pending orders: Buy Limit, Sell Limit, Buy Stop and Sell Stop can be placed from the Depth of Market. The conventional way of performing trade operations should be used to place Buy Stop Limit and Sell Stop Limit orders.

Placing an Order

To place a pending order, click on the bid/ask volume cell having a required price:

Placing pending orders via the Depth of Market

After you tap on the appropriate field, a request for placing a pending order will be immediately sent to the server. The order will be displayed in the Depth of Market upon successful placement. As soon as there is a market participant ready to sell the financial instrument at the specified price, the order will be filled and will turn into a position.

Transferring Orders to an External Trading System

Pending orders may or may not be transferred to an external trading system depending on broker's symbol settings. For example, a broker may transfer Limit orders directly to an external trading system while other order types (Stop and Stop Limit ones) will be processed in MetaTrader 5:

  • When reaching the stop price specified in a Buy Stop or Sell Stop order, an appropriate market operation is executed.
  • When reaching the stop price specified in a Buy Stop Limit or Sell Stop Limit order, an appropriate limit request is executed, which will be visible to other market participants.