MetaTrader 5 (MT5) supports various order types to accommodate different trading strategies and preferences. Some of the commonly supported order types in MT5 include:


1. Market Order: This is an order to buy or sell a financial instrument at the current market price. Market orders are executed immediately at the best available price.

2. Pending Order: A pending order is an order to buy or sell a financial instrument at a specified price level in the future. MT5 supports several types of pending orders, including:

   - Buy Limit: A buy order placed below the current market price, anticipating a price decrease.

   - Sell Limit: A sell order placed above the current market price, anticipating a price increase.

   - Buy Stop: A buy order placed above the current market price, anticipating a breakout or upward momentum.

   - Sell Stop: A sell order placed below the current market price, anticipating a breakout or downward momentum.

3. Stop Loss Order: A stop loss order is used to limit potential losses on a trade by automatically closing the position at a specified price level. It is typically placed below the entry price for a long position and above the entry price for a short position.

4. Take Profit Order: A take profit order is used to lock in profits on a trade by automatically closing the position at a specified price level. It allows traders to set a target price at which they want to exit the trade with a profit.

5. Trailing Stop: A trailing stop is a dynamic stop loss order that adjusts automatically as the price moves in favor of the trade. It follows the price at a specified distance, allowing traders to protect their profits while giving the trade room to move in their favor.

6. Partial Close: MT5 also supports partial closing of positions, allowing traders to close a portion of their position while leaving the remainder open. This can be useful for scaling out of trades or managing risk.

These are some of the primary order types supported by MetaTrader 5, providing traders with flexibility and control over their trading strategies.