How to open and close an order in MetaTrader?

Open or close trades in MetaTrader using multiple fast methods
Written by Nikolas Papakonstantinou
Updated 2 months ago

At Eurotrader, we offer the best trading platforms to ensure a seamless, secure, and efficient trading experience. 

1. How to open a new order on the MetaTrader Platform?

Before placing a trade, open the chart of your desired instrument, analyze the market trend, and decide on your investment strategy. Once ready, follow these methods to open a trade:

๐Ÿ”นUsing the main menu

  • Click "New Order" from the main menu.
  • A new window will open where you can:
    - Select the Order Type (Market or Pending Order).
    - Set Stop Loss and Take Profit levels.
    - Adjust the trade volume.

๐Ÿ”นVia the "Tools" menu

  • Navigate to Tools → New Order to open the order window.

๐Ÿ”นUsing "Market Watch"

  • Right-click on the instrument you want to trade in the Market Watch window.
  • Select "New Order" to open the order window.

๐Ÿ”นDirectly from the Chart

  • Right-click on the chart to:
    - Place a pending order at a specific price level.
    - Select "Trading" to open the order window.

๐Ÿ”นOne-Click Trading (Fastest Method)

  • One-click trading allows instant order execution.
  • Simply set your trade volume and click "Buy" or "Sell".
  • To enable it:
    - Go to Tools → Options → Trade and check the "One-Click Trading" box.

2. How to close a trade on the MetaTrader platform?

Once a trade is open, you can close it manually or automatically using Stop Loss and Take Profit levels. If you haven’t set these risk-management tools, follow these steps:

๐Ÿ”นQuick close from the Trade tab

  • Open the Trade tab in the Toolbox.
  • Click the "X" icon on the right side of the position.
  • (One-click trading must be enabled for this method.)

๐Ÿ”นClosing a trade manually

  • Double-click on the open position in the Trade tab.
  • A window will appear with the option to close the trade.

Important trading considerations

  • Internet or technical issues may impact trading execution. To minimize disruptions:
    - Install MetaTrader on another device (laptop, PC).
    - Download the mobile trading app on a smartphone or tablet.

Need more details? Our support team is always here to help.

Start trading with the best platforms at Eurotrader today!

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