Set Stop Loss CFD Order MT4 Android CFDs App
How to Set SL in MetaTrader 4 Android CFDs App
A stop loss cfd order is an order used in cfd to close an open trade if the trade moves against the trader's position by a certain number of pips.
Once the stop loss cfd order is set at a specific level, this cfd stop loss cfd order will automatically close the open cfd trade once the cfds price gets to this stop loss order cfds price level. Stop Loss order is used in cfd money management so as to prevent further losses if a cfd trade position is going against the direction of the trader's open trade position.
Set Stop Loss CFD Order Setting When Opening New Order on Tools Menu in MT4 Android CFDs App
To open a new cfd order - buy or sell cfd trade use the tools menu that is found in the MetaTrader 4 CFD Platform as shown below.
The New order button key for placing a new cfd trade is displayed below.
How to Set Stop Loss CFDs Order in MetaTrader 4 Android CFD App - Set Stop Loss CFD Order MT4 Android CFD Mobile App
Once you select the new order button as illustrated above the following cfd trade order pop up window will pop-up and as a trader you can use this trade order popup window to set the Stop Loss CFD Order Level for your new cfds trade.
This pop up includes settings for placing a new cfd trade order as well as settings for setting Stop Loss CFD Order Level.
How to Set Stop Loss CFDs Orders on MT4 Android CFD App - Set Stop Loss CFDs Order in MT4 CFD Android Mobile App
Following Stop Loss CFD Order Setting are specified for placing a new Stop Loss CFD Order:
Stop Loss CFDs Order - Set Stop Loss CFD Order, This option can be set after opening the trade, or for pending cfd orders
Open the Buy or Sell Trade by Clicking on the Following Buttons:
- Sell by Market - Open a Sell Trade
- Buy by Market - Open a Buy Trade
To Buy at current cfds price & open a new cfd order select Buy by Market cfd order button
To Sell at current cfds price & open a new cfd order select Sell by Market cfd order button
After opening the new cfds trades use the Stop Loss CFD Order Window Above to Set The Stop Loss CFD Order for the New CFDs Order
You can also get this window so as to modify an already open buy or sell cfd trade - To find & get this order window panel for a buy cfd trade, right click in the opened buy or sell cfd trade, then after that click on 'Modify Order' after you click on modify order button the above trading order settings button key will pop up and you can set Stop Loss CFD Order using the step by step procedure explained above.
