Content
1. Install and Opening MT5 Accounts ... 1
1.1 Opening Demo Account ... 1
1.2 Login ... 3 2. User Interface ... 5 2.1 Market Watch ... 6 2.2 Navigator... 8 2.3 Chart ... 11 2.4 Toolbox ... 13 3. Trading ... 15 3.1 Types of Orders ... 15 3.2 Opening a trade ... 15
3.3 Stop Loss - Take Profit ... 16
3.4 Trailing Stop ... 18
1.
Install and Opening MT5 Accounts
Please log on to the secure client area on www.sensus-capital.com and select the option to download the setup file.
Execute the setup file “mt5setup.exe” and follow the installation instructions on your screen. Once the installation is complete you can access Metatrader5 via a shortcut on your desktop.
1.1 Opening Demo Account
Select a new demo account from the options, and then click on “Next”
You will then be asked to fill out a registration form.
1.2 Login
To log in you will need to enter the log-in details provided to you when you submitted the demo download request. When you have a Live Account we will email it to you.
How to change your password?
Enter your current login and password and click the “Change” button.
2.
User Interface
Once you successfully log in to the platform, you will see the standard screen.
The main commands used in the terminal are duplicated in Toolbars in the form of buttons.
General commands of terminal managing
Managing of objects to be imposed into charts
Chart Timeframe management
2.1 Market Watch
This window allows placing market and pending orders and open new charts. When the right mouse button is clicked in the “Market Watch” window, the context menu will appear where the following commands are available:
New Order: Here users can open the “New Order” the user can prepare and place a
market or a pending order for the symbol selected.
Chart Window: Here the user can open the chart
Tick Chart: This option allows the user to open the tick chart
Specification: detailed Product view
Hide: Delete the symbol from the list.
Hide all: This option will delete all symbols from the list
Show all: Show the list of all symbols
Symbols: This option calls the Symbols window
Sets: Open the submenu that manages the symbols sets.
Auto Arrange: Automatic arranging of columns when changing the windows size.
Grid: Show/hide the grid separating columns
2.2 Navigator
Accounts: The Accounts section show all the accounts used in Window MT5. Double clicking on one of the accessible accounts, will allow you to switch from one account to another
Custom Indicators: You can use the Custom Indicators option to set customized indicators
according to your own instructions
Scripts: A script is a program written in Meta-Quotes Language 5 and is designed for
a single action. A script can perform both analytical and trading functions.
2.3 Chart
For each chart that you have open in the chart window, you can individually change its appearance and properties. In order to do this you can either follow the path Charts – Properties on the main toolbar, you can right click anywhere in the chart window and select Properties, or simply use the hot key F8.
2.4 Toolbox
This window gives you quick access to a number of important features, such as your trading activities and account history.
Trade: Allows you to view all open positions and pending orders. You can monitor
important figures such as Balance, Equity and Margin Level.
Exposure: The Exposure section contains a summary of all open positions
History: This provides a comprehensive list of all previous trading activities, but does
not take into consideration current open position
Mailbox: You can view incoming/outgoing messages here
Alerts: If you have set any alerts, they can be viewed here
Experts: Are programs developed in the MQL5 programming language that are used
for the automation of analytical and trading processes
3.
Trading
3.1 Types of Orders
Market Order: That means you will be filled automatically at the current market price. Once
you place a “Sell by Market” or “Buy by Market” your broker will confirm the execution price.
Pending Order: A Pending order is an order that allows the user to buy or sell a symbol at a
pre-defined price in the future. These types of orders are used for opening a trade position providing the future quotes reach the predefined level.
3.2 Opening a trade
To open a trade, you will need to access the order screen. There are number of ways to do this:
Double click on the desired pair in the Market Watch window
Click Tools – New Order
Right click on the pair in the Market Watch window and select new order
Use the hot key F9
Symbol: Symbol for which the position is to be opened
Type: You can select the type of execution
Market execution: A market order is an order to buy or sell a symbol at the current price.
Execution of this order results in opening a trade position. Symbols are bought at ASK price and sold at BID price.
Pending execution: This type of execution allows you to set a price level at which you wish to
enter into a trade for the selected pair (sell or buy).
Volume: Specify the trade volume
Comment: You can write your own personal notes regarding the trade
After you have entered the required criteria, click “Place”. The position will be shown under the Trade tab in the Terminal window, even when the order has not yet been executed.
3.3 Stop Loss - Take Profit
A Stop loss is the price at which you want your position to be closed. This will limit your loss if the market turns against you.
The user must select the Modify or Delete Order option.
The following window will appear:
3.4 Trailing Stop
A Trailing stop is automated and is activated once a position becomes profitable at a market price away from entry level predefined by the user. The order is set at a specified distance from the current market price, if the price changes in a profitable direction the trailing stop will follow automatically, if market turns and the profitability of a position falls the order will not be modified, meaning the profit of the position will be fixed.
Once you have an open position, on the Trade tab in the Terminal window, right click the position you wish to set this on and will see the context menu on the right hand side. Trailing stops can be disabled by setting “none” in the managing menu.
3.5 Closing Position
User who wants to close an open position can do so by selecting “close order” in context menu of the “Terminal-Trade” window or by double clicking on position they wish to close
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