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.

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 pending orders when you want to enter at a specific level rather than the current one.

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.

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 only reserves one hundredth of the position's notional value as margin, so a small balance can control a larger position. Leverage cuts both ways: it magnifies gains and losses equally, and the loss side is what counts against your drawdown. Start with modest volume until you can see exactly how each lot size moves your equity.

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.

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

UZO applies real spreads and commissions, sourced from live third-party pricing and charged uniformly across all accounts. This is deliberate: your simulated results mirror what real execution would cost, so your performance is honest.

In practice, a position opens slightly negative because you pay the spread (the gap between bid and ask) and any commission at entry. That is normal and not a glitch. The exact spread and commission for any instrument are shown on your dashboard and in the live pricing for that symbol, and they vary by asset class and market conditions.

Your open profit and loss move your equity in real time, and equity is what your drawdown limits track, not just closed trades. A position sitting at a large unrealized loss can breach your limit before you ever click Close, so keep an eye on the Trade tab while a position is live.

Each product has its own drawdown rules (daily limits reset at 00:00 UTC), and 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 well inside them.