Place New Order on Tools Menu in MetaTrader 5 Platform

A new order to buy or sell a trade can be found on the tools menu that is found in the MetaTrader 5 Platform. Button key for placing a new trade is displayed below. (ShortCut Key board Keys 'F9')

Placing a New CFDs Trading Order

As a cfd trader, once you select the new order button as illustrated above the following popup panel will pop-up. This pop-up panel includes the settings for placing a new trade.

Following Settings are specified for setting a new order:

1. Quote - Specify the instrument to be traded - cfd.
2. Volume - The Number of Lots to be transacted
3. Stop Loss CFDs Order - Set Stop Loss CFD Order, This option can be set after opening the trade, or for pending cfd orders
4. Take Profit CFDs Order - Set Take Profit CFD Order, This option can be set after opening the trade, or for pending cfd orders
5. Type: Market Execution or Pending CFD Order
6. Sell by Market - Open a Sell Trade
7. Buy by Market - Open a Buy Trade

To Buy at current cfds price hit Buy by Market button

To Sell at current cfds price hit Sell by Market button

Setting Pending CFDs Orders

To Set a pending trade at another cfds price, Change the 'Type' option from 'Market Execution' to "Pending CFD Order" as shown below.

A menu list will pop-up & show the following options.

1. Buy Limit CFD Order
2. Sell Limit CFDs Order
3. Buy Stop CFDs Order
4. Sell Stop CFDs Order

These options are shown below:

To learn how to set up these pending cfds orders read the articles:

Setting up Buy Limit CFDs Order & Sell Limit CFDs Order on MT5

Setting up Buy Stop CFDs Order and Sell Stop CFDs Order on MT5

Once you choose the type of pending cfds order to place: then click the 'Place' button as illustrated on the above screen-shot to complete the setup.