What is Stop Loss Commodities Trade Order in MT4 Platform?
What is a Set Stop Loss Commodities Trade Order in MT4 Software?
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 stop loss commodity order will automatically close-out the open trade once the price chart gets to this stop-loss commodity trading order price level. Stop Loss order is used in commodity money management so as to prevent further losses if a 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 on MT4 Platform
To open a new commodity order to buy or sell a 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 shown below. (Keyboard ShortCut Keys "F9")
What is Stop Loss Commodities Trade Order on MetaTrader 4 Platform?
Once you select the new order button as illustrated and illustrated above the following commodity trade order pop up window panel will pop-up and as a trader you can use this trade order pop up window panel to set the Stop Loss Commodity Trading Order Level for your new commodities trade transaction.
This popup includes settings for placing a new commodity trade order as well as settings for setting Stop Loss Commodity Trading Order Level.
How to Set Commodity Trading Stop Loss Orders on MT4 Software - Set Stop Loss Commodities Trade Order on MetaTrader 4 Platform
Following Stop Loss Commodity Order Settings are specified for setting and placing a new Stop Loss Commodity Trading Order:
Stop Loss Commodities Order - Set StopLoss 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 & open new commodity order choose Buy by Market commodity order button
To Sell at current commodities price & open new commodity order choose Sell by Market commodity order button
After you open the new commodities trades use the Stop Loss Commodity Order Window Above to Set Stop Loss Commodity Trading Order for the New Commodities Trading Order
You can also get this window panel 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 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 method explained above.
