MT5 guide

How to trade gold in MetaTrader 5

Your live account is ready? This simple guide shows every screen of the MT5 phone app: connect your TradeQuo account, open the gold chart, buy or sell, protect your trade and close it.

5 minutes
MT5 phone app
XAUUSD
For beginners

Add your TradeQuo account to MT5

1:18

Subtitles

Watch the video guide · 1:18Voice in English, subtitles in 14 languages. Every step is also written below. The voice in these videos is AI-generated – details

Step 1 of 6

Add your TradeQuo account to MT5

1.1

Open the MetaTrader 5 app. Tap “Settings” (bottom right) and then “New Account”.

1.2

In the search box type tradequo-server and tap “Quo Markets LLC”.

1.3

Tap “Use existing account”. Check that the server is TradeQuo-Server. Type the login and password from your TradeQuo email and tap “Sign in”.

Tip: Use the login number from the email, not your email address.

Step 2 of 6

Open the gold chart (XAUUSD)

2.1

Tap “Chart” in the bottom menu. The name at the top left must be XAUUSD – this is gold. If you see another name, go to “Quotes”, tap XAUUSD and then “Chart”.

2.2

Tap M1 at the top left to choose the time of one candle: M1 = 1 minute, M5 = 5 minutes, M15 = 15 minutes, H1 = 1 hour.

Step 3 of 6

Lot, Buy and Sell

3.1

At the top of the chart you see three things:

SELLred, on the left – you think the price will go DOWN.
0.01in the middle – the lot, the size of your trade. Change it with the arrows.
BUYblue, on the right – you think the price will go UP.

3.2

Tap SELL or BUY. The trade opens immediately and a line with your trade appears on the chart.

Tip: Start with the smallest lot: 0.01. A bigger lot means bigger wins – and bigger losses.

Step 4 of 6

Stop Loss and Take Profit

Stop Loss (SL)closes your trade automatically if the price goes the wrong way. It protects your money. Tap SL and drag the red line.
Take Profit (TP)closes your trade automatically when you reach your profit. Tap TP and drag the green line.

Tap “Done” to save.

Tip: Always set a Stop Loss. A trade without a Stop Loss can lose much more than you planned.

Step 5 of 6

Close a trade

5.1

Tap “Trade” in the bottom menu to see your open trades. Hold your finger on the trade and tap “Close position”.

5.2

Tap the orange button “Close … by Market”. The trade is closed and the profit or loss goes to your balance.

Step 6 of 6

Pending order (Buy Limit)

6.1

A pending order waits for a better price. Go to “Quotes”, tap XAUUSD and then “Chart”.

6.2

Choose Buy Limit and drag the blue line to the price you want. Set the Stop Loss and Take Profit like before and tap “Done”.

6.3

Your order waits in “Trade” → “Orders” with the status “placed”. When the price reaches your level, the trade opens by itself.

Simple words to remember

XAUUSD: The price of gold in US dollars.
Lot: The size of your trade. 0.01 is the smallest.
Buy: You earn when the price goes UP.
Sell: You earn when the price goes DOWN.
Stop Loss (SL): Automatic exit with a small loss. It protects you.
Take Profit (TP): Automatic exit with your profit.
Buy Limit: Buy later at a LOWER price than now.
Sell Limit: Sell later at a HIGHER price than now.

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Trading CFDs, forex and gold (XAUUSD) involves a high risk of losing money rapidly due to leverage. Most retail investors lose money. You should not trade with money you cannot afford to lose.