Orders on MetaTrader 5 are placed using the order creation window.
As seen from the image below, common parameters include the symbol, order type, volume, stop loss, and so on.
The options listed above are true for instant execution orders.
However, more options are present when a pending order type of trade is selected.
Order type: the second type option is used to select what type of pending order you want to place. These include buy limit, sell limit, buy stop, sell stop, buy stop limit, and sell stop limit.
Please note the definitions of execution price and Stop limit price:
As specified previously, orders can only be created and fulfilled using the order creation window.
The order creation window can be accessed using 3 different ways: