MetaTrader 5 Android HelpTradeOpening and Closing PositionsExchange Execution

Exchange Execution

In the exchange execution mode, trade operations are sent to an external trading system. Operations are executed at current market prices.

Position Opening

The following parameters are available in the order placing window:

  • Symbol – the symbol for which a trade operation should be executed. To change the symbol, tap on Symbols.
  • Volume – a volume for a trade operation. To change the volume, use side buttons or click on the field to enter the value manually.

Placing an Order

  • Trade operation type – select the appropriate item for the "Exchange execution" mode. In this field you can also switch to placing a pending order.
  • SL – the Stop Loss level in prices. If you leave this field empty, this type of order will not be set.
  • TP – the Take Profit level in prices. If you leave this field empty, this type of order will not be set.
  • Fill policyan additional fill condition for an operation: "Fill or Kill" or "Immediate or Cancel". If this box is not active, then the option is locked on the server.

A click on "Sell" or "Buy" creates an order to a broker to execute a Sell or Buy deal respectively.

Position Closing

Position Closing

In order to close the position you need to tap "Close position" in its context menu on the "Trade" tab.

Once you tap "Close", the position will be completely closed.