How Do I Set Orders in MT4?

How to Set Orders in MetaTrader 4

How to Put New Order in Tools Menu in MetaTrader 4

To set new order to buy or sell a trade can be found in MT4 tools menu within MetaTrader 4 Software. The Button for opening a new trade order is depicted below. (key-board Short Cut Keys "F9")

How to Put New Order in Tools Menu on MetaTrader 4

Placing a New Order

As a xauusd trader, once you choose the new trade order button as illustrated & displayed above the following pop up window will pop-up. This popup includes all the settings for opening a new trade order.

Placing a New Order - How to Place Orders MT4 Software

Following Order Setting are specified for placing and setting a new order:

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

To Buy at ruling price click the Buy by Market button

To Sell at ruling price hit the Sell by Market button

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