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