How Do I Read Buy & Sell XAUUSD Orders in MetaTrader 4 XAUUSD Charts?

Trading XAUUSD Interpret Buy & Sell XAUUSD Orders in MetaTrader 4 XAUUSD Charts

To open a buy or a sell gold trade in MetaTrader 4 platform - open the Market Watch Window, Select the Gold Symbol you want to open a Gold Trade with, open the xauusd chart of the gold symbol by double clicking on the xauusd price quote, then from the xauusd chart open a buy or sell gold trade using the MT4 order window shown below:

Place New XAUUSD Order in Tools Menu in MetaTrader 4 Platform

A new buy or sell order to buy or sell a gold trading instrument can be found on the tools menu within the MT4 Gold Platform. The "New XAUUSD Order" button for placing a new trade transaction on the MT4 platform is shown below. (MT4 Keyboard Short Cut Keys "F9")

How Do You Interpret Buy and Sell XAUUSD Orders in MetaTrader 4 Gold Charts

Buy or Sell Gold Order in MT4 Platform

As a gold trader, once you select the new gold order button key as illustrated and illustrated above the following trade order popup window will appear. This pop up includes the settings for placing a new trade transaction.

Choose Buy to open a Buy Gold Trade

Choose Sell to open a Sell Gold Trade

How Do You Interpret Buy and Sell XAUUSD Orders in MetaTrader 4 Gold Charts

Following Settings are specified for placing and setting a new xauusd trade order:

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

To Buy at current xauusd price select the Buy by Market button key

To Sell at current xauusd price select the Sell by Market button key

Analyze Buy & Sell XAUUSD Orders in MetaTrader 4 Gold Charts