Understanding MT5 Order Types

Market Orders (Instant Execution)

• Buy – Purchase at the current market price.

• Sell – Sell at the current market price.

Pending Orders

• Buy Limit – Buy at a lower price than the current market price.

• Sell Limit – Sell at a higher price than the current market price.

• Buy Stop – Buy at a higher price once the market reaches it.

• Sell Stop – Sell at a lower price once the market reaches it.

Stop Loss (SL) & Take Profit (TP)

• Stop Loss – Closes the trade automatically if the market moves against you.

• Take Profit – Closes the trade automatically when profit reaches a set level.

💡 Tip: Proper SL and TP settings help manage risk effectively.