You have several different ways to enter and exit the market on your Tradin MT5 platform. Understanding these Order Execution Types gives you the flexibility to choose the best method for your trading strategy.
Market Execution: Trading Instantly
A Market Execution order is an instruction to open a trade immediately at the best available price right now.
- When to Use It: Choose this when you want to get into or out of the market as quickly as possible. This is the fastest way to trade, especially when using our One-Click Trading feature.
- Keep in Mind: Slippage
- In fast-moving markets, the actual price you receive may be slightly different (better or worse) than the price you saw when you clicked the button. This is normal and is called slippage.
Pending Orders: Setting Future Entry Points
A Pending Order is an instruction to open a trade automatically in the future, only if the market price reaches a specific level that you choose.
This is helpful because you don't have to watch the charts constantly.
| Pending Order Type | When to Use It | Example (Buying EUR/USD) |
| Buy Limit | To buy below the current price. You expect the price will temporarily drop and then reverse. | Price is 1.1050. You set a Buy Limit at 1.1000. |
| Sell Limit | To sell above the current price. You expect the price will rise to a peak and then start falling. | Price is 1.1050. You set a Sell Limit at 1.1100. |
| Buy Stop | To buy above the current price. You expect that if the price breaks a high point, it will keep rising. | Price is 1.1050. You set a Buy Stop at 1.1100. |
| Sell Stop | To sell below the current price. You expect that if the price breaks a low point, it will keep falling. | Price is 1.1050. You set a Sell Stop at 1.1000. |
Protective Orders: Automated Risk Management
These are mandatory tools you attach to your open trades to manage your risk automatically. They are essential features available on all Tradin accounts.
Stop Loss (SL): Your Financial Safety Net
- The Stop Loss order automatically closes your trade at a specific price to limit your potential loss.
- It protects your Tradin account from losing more money than you planned, helping to secure your account and support the Negative Balance Protection feature.
Take Profit (TP): Securing Your Winnings
- The Take Profit order automatically closes your trade when it reaches a specific price to lock in your profit.
- It ensures you capture your winnings before the market has a chance to suddenly turn against you.
