Step-by-step guide to execute gold signals from Telegram on MetaTrader 5 with proper risk management.
Launch MetaTrader 5 and ensure you're logged into your trading account.
Tip: Use a demo account to practice before trading with real money.
Look at the left side of MT5. You'll see "Market Watch" with a list of currency pairs. Find XAUUSD (Gold).
If XAUUSD is not visible: Right-click in the Market Watch area and select "Show All" or search for XAUUSD.
Right-click on XAUUSD and select "New Order". The Order window will open.
Keyboard shortcut: You can also press F9 to open a new order.
Fill in the order form with the signal details:
Symbol:
XAUUSD (should be auto-selected)
Order Type:
Select "Buy Limit" or "Sell Limit" if entering at a pending price, or "Buy Market"/"Sell Market" if entering immediately
Volume (Lot Size):
Enter 0.01 (for £100 account). This is your position size.
Price:
Enter the entry price from the signal (e.g., 2050.00)
Scroll down in the Order window to find these fields:
Stop Loss:
Enter the SL from the signal (e.g., 2040.00)
Take Profit:
Enter the TP from the signal (e.g., 2060.00)
⚠️ Critical: Never place a trade without a stop loss. This is your safety net.
Before clicking "Send", verify all details match the signal:
⚠️ Double-check everything before sending. One mistake can cost money.
Once your trade is open, do NOT touch it. Let it run to either Stop Loss or Take Profit.
Golden Rule: Never move your stop loss. Never close early. Stick to the signal. This is how you stay disciplined.
Once your trade is open, you can see it in the "Positions" tab at the bottom of MT5.
Ticket: Unique order ID
Symbol: XAUUSD
Type: Buy or Sell
Volume: 0.01 lots
Open Price: Your entry price
Current Price: Live market price
Profit/Loss: Your current P&L
Your position closes automatically at the take profit level. You lock in your profit. Great job!
Your position closes automatically at the stop loss level. You take a small loss, but you're protected. This is normal and part of trading.