Frequently Asked Questions (FAQ) – MT5 Desktop Version
1. How do I log in to my MT5 account?
– Go to File > Login to Trade Account.
– Enter your account number, password, and server provided by your broker.
– If you cannot log in, check your internet connection and confirm the server name.
– Go to File > Login to Trade Account.
– Enter your account number, password, and server provided by your broker.
– If you cannot log in, check your internet connection and confirm the server name.
2. Why can’t I place an order?
– Possible reasons:
– Market is closed.
– Entered an invalid Stop Loss / Take Profit level.
– No internet/server connection.
– Account has insufficient margin.
– Possible reasons:
– Market is closed.
– Entered an invalid Stop Loss / Take Profit level.
– No internet/server connection.
– Account has insufficient margin.
3. How can I check my open positions?
– Go to the Terminal window (Ctrl+T).
– Click on the Trade tab to see all current open trades.
– Go to the Terminal window (Ctrl+T).
– Click on the Trade tab to see all current open trades.
4. Where can I see my trading history?
– In the Terminal window, go to the History tab.
– You can filter history by day, week, month, or custom period.
– In the Terminal window, go to the History tab.
– You can filter history by day, week, month, or custom period.
5. How do I enable Expert Advisors (EAs)?
– Make sure Algo Trading is enabled on the toolbar.
– Allow EA trading in Tools > Options > Expert Advisors.
– Make sure Algo Trading is enabled on the toolbar.
– Allow EA trading in Tools > Options > Expert Advisors.
6. Why is my chart not updating?
– Check your internet connection.
– Right-click on the chart > Refresh.
-Make sure you are logged into the correct server.
– Check your internet connection.
– Right-click on the chart > Refresh.
-Make sure you are logged into the correct server.
7. How do I change the chart type?
– On the toolbar, select Bar Chart, Candlesticks, or Line Chart.
– Or right-click on the chart > Properties > adjust settings.
– On the toolbar, select Bar Chart, Candlesticks, or Line Chart.
– Or right-click on the chart > Properties > adjust settings.
8. How can I generate a trading report?
– Open Terminal > History tab.
– Right-click > Save Report or Save Detailed Report.
– Open Terminal > History tab.
– Right-click > Save Report or Save Detailed Report.
9. What does “Invalid S/L or T/P” mean?
– It means your Stop Loss or Take Profit is too close to the current market price.
– Adjust the levels further away according to broker rules.
– It means your Stop Loss or Take Profit is too close to the current market price.
– Adjust the levels further away according to broker rules.
10. What’s the difference between Auto Trading and Algo Trading?
– They are the same feature.
– In newer MT5 versions, the button is called Algo Trading.
– Both allow or block Expert Advisors from running.
– They are the same feature.
– In newer MT5 versions, the button is called Algo Trading.
– Both allow or block Expert Advisors from running.
