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How to place and close a trade in MetaTrader 5

Open your first buy or sell order, set your lot size, and exit a position cleanly on your UZO MetaTrader 5 account.

The short version

To open a trade, press F9 (or right-click a symbol in Market Watch and choose New Order), pick your volume, and click Buy or Sell. To close it, open the Trade tab in the Toolbox, right-click the position, and choose Close. Your account runs on real, live market prices with simulated capital, so every fill is genuine, whilst none of your own money is ever at risk.


Opening a position

There are two ways to reach the order ticket in MetaTrader 5. Press F9 from anywhere to open the New Order window, or right-click a symbol in the Market Watch panel and select New Order. Both open the same ticket.

In the ticket, confirm the symbol, set your Volume (lot size), choose your order type, and execute. For an immediate fill at the current price, leave the type as Market Execution and click the blue Buy by Market or red Sell by Market button. The position appears in the Toolbox the moment it fills.

You are welcome to trade across the full UZO range: more than 1,300 instruments spanning forex, metals, crypto, indices, shares and energies, all on the same account.


Market and pending orders

A market order fills right now at the best available price. A pending order waits until the price reaches a level you set, then fills automatically. Use a pending order when you would prefer to enter at a specific level rather than the current one.

Order type

When it fills

Market

Immediately, at the current price

Buy Limit / Sell Limit

When price returns to a better level than now

Buy Stop / Sell Stop

When price breaks past a level in your direction

Buy Stop Limit / Sell Stop Limit

When a stop level triggers a limit order

To place a pending order, open the ticket, change Type from Market Execution to Pending Order, choose the pending type, and set your trigger price. A full breakdown lives in the order types article linked below.


Setting volume (lot size) and 1:100 leverage

Volume is measured in lots. One standard lot is 100,000 units of the base currency on a forex pair. Smaller sizes are entered as decimals, so 0.10 is a tenth of a lot (a mini lot) and 0.01 is a hundredth (a micro lot). Type the number directly into the Volume field or use the arrows.

Leverage on every UZO account is fixed at 1:100. That means MetaTrader 5 reserves only one hundredth of the position's notional value as margin, so a modest balance can control a larger position. Leverage works in both directions: it magnifies gains and losses equally, and the loss side is what counts towards your drawdown. Start with modest volume until you can see exactly how each lot size moves your equity.


Closing a position, fully or partially

Open the Toolbox at the bottom of the terminal and select the Trade tab. Every open position is listed there with its live profit or loss. To exit, do one of the following.

  1. Right-click the position and choose Close Position, or

  2. Double-click the position to reopen the order ticket, then click the yellow Close button.

To close only part of a position, open the ticket and lower the Volume to the amount you wish to exit before clicking Close. The remainder stays open as a smaller position. On the chart itself, you may also click the small cross next to a position label to close it.


Real, live prices

Every UZO account trades on real, live market prices. Your results reflect genuine market conditions in real time, so the skill you build here is the skill you would carry to any live account. The single difference is that the capital is simulated, and none of your own money is ever at risk.

Because the prices are live, a position naturally moves with the market from the moment it opens. That is normal and not a fault of the platform. The current price for any instrument is always visible in Market Watch and on your dashboard.


Keep an eye on your drawdown while in a trade

Your open profit and loss move your equity in real time, and equity, including the floating profit and loss on any open position, is precisely what your drawdown limits track. They are not measured on closed trades alone. A position sitting at a large unrealised loss can therefore reach your limit before you ever click Close, so it is worth watching the Trade tab whilst a position is live.

Each product carries its own drawdown limits, and your daily limit resets at 00:00 UTC. The exact thresholds for your account are shown on your dashboard. Sizing your volume sensibly and using a stop loss are the simplest ways to stay comfortably within them.

Your edge stays yours

Trade well and your edge stays yours. UZO pays a 90/10 profit split, the same 90% to you on every product and at every account size, which is among the most generous shares available anywhere. On the One Step and Two Step challenges, your evaluation fee is returned to you in full with your third reward.


Related

  • How to set a stop loss and take profit in MetaTrader 5

  • MetaTrader 5 order types explained

  • MetaTrader 5: overview and login

  • What is allowed and what is prohibited

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