Place New Order on Tools Menu in MetaTrader 4 Platform

A new order to buy or sell a trade can be found on the tools menu that is found in the MT4 Platform. Button key for placing a new trade is displayed below. (ShortCut Keyboard Keys "F9")

Placing a New CFD Order

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

Following Setting 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 appear and 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 trade orders read the articles:

Setting up Buy Limit CFDs Order and Sell Limit CFDs Order in MT4

Setting up Buy Stop CFDs Order & Sell Stop CFDs Order in MetaTrader 4

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