How to open and close an order in WebTrader?

Modified on Thu, 22 Aug at 1:43 PM

As with the desktop platform, through WebTrader, there are also some options to open and close a transaction depending on whether we work with the latest version of WebTrader for MetaTrader 5 or with the classic version for MetaTrader 4.

Let us look at some available options and provide more details about them.

How can I open and close a new order in WebTrader for MetaTrader 5?

First, you need to open the chart of the instrument you want to trade, study the market trend, and make the corresponding investment decision. Once the instrument has been chosen, we can open a position by following the next steps:

In the main menu of WebTrader, go to the “New Order” option. After clicking, a new dialogue window will be opened on the left side of your screen. In this window, you can enter the type of order and all the parameters of this operation, including the stop loss and take profit. If you do not have any open positions yet, you can also open this window by clicking on “Create a new order.”

On this platform, we also have the option to operate through “one-click trading.” This is the fastest way to enter market orders and is the preferred option for scalpers. In this option, you will only have to establish the volume you want to operate and click on the “Sell” or “Buy” option.

Remember that you must first activate the “One-Click Trading” option in WebTrader. To do this, please follow these steps.

Once you have opened a trade, you can always close this trade either manually or through “Stop Losses” or Take Profits.”

If you have not established these risk levels to close an order, you have two options to close:

By Right-clicking on the order, select the “Modify position” option. Later, you can close the operation by clicking “Close.”

You can also close a trade by clicking on the cross mark that will appear to the right at the end of the chosen position. Remember that “one-click trading” must be enabled too.

How can I open and close a new order in WebTrader for MetaTrader 4?

This version of WebTrader is like the traditional desktop version, so the options for opening and closing a trade are the same. To open an operation:

In the main menu of WebTrader, go to the “New Order” option. After clicking, a new dialogue window will be opened in which you can enter the type of order and all the parameters of this operation, including the stop loss and take profit.

You can also access the previous “New Order” window through "Market Watch." To do this, you must click with the right mouse button on the desired instrument and choose the “New order” option.

The third option is to trade directly through the chart. To do this, you can click the right mouse button to directly enter a pending order at that level. Or access the “New Order” window again if you want to enter an order in the market.

Finally, you can open a new order through the “One-click trading” option. This is the fastest way to introduce a new order into the market and is the preferred option for scalpers. In this option, you must establish the volume you want to operate and click on the “Sell” or “Buy” option.

Remember that for this option, you must first activate the “One-Click Trading” option on your MetaTrader platform. To do this, you follow the path: Options -> One-click trading

Once you have opened a trade to close an order, use the following options:

You can close a trade by clicking on the cross mark that will appear to the right at the end of the chosen position. Please remember that “One-click trading” must be enabled too,
You can also close under the trade tab with the right click on the position, then you will get the options “Close position,”

You can also close the position by double-clicking the position you choose to close under the Trade tab. A dialogue box appears, and you can close it.

There is sometimes a possibility of errors or failures occurring on the internet, and other technological systems can be vulnerable to malfunctions. For such cases, Admirals highly recommends that each customer familiarizes with the additional trading opportunities available, such as installing the trading platform on another laptop/PC, downloading a mobile trading platform application on a tablet/smartphone, or using our platforms available through the Dashboard such as WebTrader and the Admirals platform.

Admirals provides a possibility to use (as a contingency measure only) a phone dealing service for the execution of the customer's trading orders.

Attachments (12)