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Last time, we walked through writing your first MQL5 custom indicator - a clean EMA crossover with visual entry signals. Today, we shift fro

By John316June 13, 2026

Last time, we walked through writing your first MQL5 custom indicator - a clean EMA crossover with visual entry signals. Today, we shift from analysis to execution. Because even the best indicator on the best chart means nothing if your orders are poorly placed.The four order types you need to know1. Market Orders (ORDERTYPEBUY / ORDERTYPESELL): Immediate execution at current ask/bid. Use when you need to enter NOW - at a news event, a breakout confirmation, or when your alert fires. The downside is slippage, especially in low-liquidity sessions or on minor pairs. In MT5, PositionOpen() with SYMBOLTRADEEXECUTIONMARKET gives you...

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