Kenya — MetaTrader 5 (MT5) — the Words the Terminal Uses
MetaTrader 5 names things its own way. Order, deal, position and ticket are four different objects inside the terminal, and the words people use around an account do not map onto them one for one.
Open Exness Account →MetaTrader 5 uses a vocabulary of its own, and most of the confusion around it comes from words that look like everyday words. An order is an instruction that has not happened yet, a deal is a single execution, a position is the exposure left open once that execution has gone through, and a ticket is a number that differs between the order and the deal that filled it. Close applies to a position and delete applies to a pending order; the two are never offered for the same row.
Measured order execution — Standard
How orders actually filled when real market orders were placed on Exness’s MT5 feed — fill time, slippage and rejects by order size:
| Instrument | Order size | Avg fill | Avg slippage | Fails |
|---|---|---|---|---|
| EURUSDm | 0.01 lot | 151 ms | -0.333 pts | 0 |
| EURUSDm | 0.1 lot | 151 ms | -0.333 pts | 0 |
| EURUSDm | 1.0 lot | 146 ms | -0.333 pts | 0 |
| GBPUSDm | 0.01 lot | 141 ms | 0.667 pts | 0 |
| GBPUSDm | 0.1 lot | 130 ms | 0.0 pts | 0 |
| GBPUSDm | 1.0 lot | 135 ms | 0.333 pts | 0 |
| XAUUSDm | 0.01 lot | 141 ms | 0.0 pts | 0 |
| XAUUSDm | 0.1 lot | 151 ms | 80.0 pts | 0 |
| XAUUSDm | 1.0 lot | 130 ms | -72.333 pts | 0 |
Small sample (a few round-trips per size); indicative. The same pricing engine feeds every platform the broker offers.
MetaTrader 5 (MT5) at Exness
- An instruction, its execution and the exposure that follows are three separate objects, each with its own row and its own number.
- An order is an instruction waiting at a price; once it triggers it stops being an order and appears as a deal.
- A deal is one execution; a position is the exposure left open once that execution has gone through.
- Close ends a position. Delete removes a pending order. The terminal never offers both verbs for the same row.
- Balance counts closed results only, equity adds whatever is floating, and free margin is the part still available to open with.
- Size is stated in lots, so a figure worked out anywhere else has to be converted before it goes into the volume field.
- The number typed into the terminal to sign in is the trading account number, not the address used to reach the Personal Area.
- One filled instruction can be counted three times — once as an order, once as a deal, once as a position — depending on which view is open.
Which Exness platform should you use?
| Platform | Pricing model | Suited to | Devices |
|---|---|---|---|
| MetaTrader 5 | Spread (+ commission on Raw/Zero) | Multi-asset traders who want the full toolkit | Windows, Mac, Web, iOS, Android |
| MetaTrader 4 | Spread (+ commission on Raw/Zero) | Forex traders who want the classic platform | Windows, Mac, Web, iOS, Android |
| Exness Terminal | Spread (+ commission on Raw/Zero) | Browser trading with no download | Any modern web browser |
| Exness Trade app | Spread (+ commission on Raw/Zero) | Managing trades and automatic withdrawals on the go | iOS, Android |
Processing times may vary depending on the chosen payment method.
Exness offers several platforms — choose by pricing model, what you trade and your device. All connect to the same account.
Get started
Download MetaTrader 5 (MT5) from your Personal Area area after you open an account, or try it first on a free demo.
Open Exness Account →Three places the mismatch costs most
Signing in. The terminal asks for a login, and the login it wants is the trading account number — the digits issued when that account was created. The address used to reach the Personal Area is a separate credential and will be refused. Nothing about the refusal explains which of the two was expected, so the same attempt tends to be repeated several times before the distinction lands.
Cancelling something. A pending order is deleted; an open position is closed. Reaching for the wrong one has two very different failures — removing a plan that was meant to stay, or leaving exposure open in the belief that it has gone. The menu is the safeguard here, because it only ever offers the verb that fits the row, which also makes a missing Delete a piece of information rather than a fault.
Counting. One filled instruction leaves three traces. The same activity can be read as orders, as deals or as positions, and each reading returns a different number of rows. Comparing a count taken under one view with a count taken under another is the quickest way to conclude that something is wrong with an account when nothing is.
Why MetaTrader 5 splits what MetaTrader 4 kept together
In the older terminal one word did most of the work: an order was the instruction, the fill and the resulting exposure all at once. That is comfortable while everything is a single pair opened and closed in one go, and it stops being comfortable as soon as an instruction is filled in parts or a position is built up over several entries.
Splitting the three apart is what lets partial fills and partial closes be described precisely. The price of that precision is exactly the vocabulary problem on this page: three rows where a person expects one, and three numbers where a person expects a single reference.
Reading a row before you act on it
- Note which view the row is on. One view holds what is live; another holds what is finished, and the same event appears in both under different names.
- Check whether the row has a price it is waiting for. If it does, it is a pending order and the verb is delete.
- If it has a profit or loss that keeps changing, it is a position and the verb is close.
- Read the number as a ticket for that row only — the ticket on the order and the ticket on the deal that filled it are different numbers.
- Read size in lots before comparing it with anything written down elsewhere.
None of this changes with the account type: the words belong to the terminal, not to the account.
The same thing, said two ways
| The everyday word | What MetaTrader 5 calls it | Why the two are not the same |
|---|---|---|
| Your account number | Login | The number identifies the trading account; the address used to reach the Personal Area is a different credential and the terminal will not accept it |
| A trade | Deal | One execution. A single instruction can produce more than one of them |
| An open trade | Position | The exposure left open once a deal has gone through — the row that still carries risk |
| An order you left in place | Pending order | An instruction waiting at a price; it carries no exposure at all until it triggers |
| The reference number | Ticket | There is one for the order and a different one for the deal that filled it |
| What is in the account | Balance, equity, free margin | Balance is closed results only, equity adds floating profit and loss, free margin is what remains available to open with |
| How much | Volume, in lots | Size is stated in lots rather than in the currency of the account |
| Cancel it | Delete | Applies to a pending order that has not triggered |
| Close it | Close | Applies to an open position and to nothing else |
The left column is how people describe things out loud; the middle column is what the terminal will actually respond to.
Frequently asked questions
What is the difference between an order, a deal and a position in MetaTrader 5?
Why does MetaTrader 5 offer Delete on one row and Close on another?
Which login does MetaTrader 5 want?
What is the difference between balance, equity and free margin?
Why does the same trade appear more than once?
Is volume in MetaTrader 5 stated in lots or in currency?
Reviews
What traders say about Exness on MetaTrader 5:
The application like mt5 is easy and simple to operate, and also provide a simple user interface 👍
Plataforma sencilla, intuitiva, no sustituye Mt5 en la pc, pero es muy buena.
Boa noite, finalmente arrumaram esse sistema de execução de ordem no mt5. As derrapagem que estavam acontecendo no servidor eram. desanimadora. Melhoraram galera da pra operar novamente na exness amém vamos pra cima.
Not right for MetaTrader5. I lost so much money with inaccurate graphs. Rather go somewhere else