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MetaTrader 5 (MT5) offers a range of order types that enable traders to execute trades efficiently based on different market conditions and strategies. The two main categories are Market Orders, which are executed immediately at the current market price, and Pending Orders, which are activated when the price reaches a specified level. MT5 supports six types of pending orders: Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, and Sell Stop Limit, providing flexibility for various trading scenarios. Additionally, traders can set Stop Loss and Take Profit levels to manage risk and secure profits automatically. These order types help traders automate their strategies and react swiftly to market movements without constant monitoring.

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