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How Do I Set Orders on MT4 Charts?

How Do I Set Orders on MT4 Charts?

To set a new order in MT4 software use the step-by-step method explained below:

Place New Order in Tools Menu in MT4 Platform Software

A new order to buy or sell a trade position can be found on the tools window panel menu within MetaTrader 4 Platform as shown below. New order button for placing a new trade transaction is cited below. (MetaTrader 4 key-board Short-cut Keys 'F9')

How Do I Set Orders on MT4 Charts? - Set Orders on MT4 Charts

How Do You Set Orders on MT4 Charts?

Placing a New Order

Once you choose new order button as shown above following trade order popup window panel will pop-up.

This popup panel includes settings for placing new trade order.

How Do I Set Orders in MT4 Charts? - How Do I Open XAUUSD New Orders in Charts?

Set Orders on MetaTrader 4 Charts?

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

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

To Buy at current price and open new order choose the Buy by Market order button

To Sell at current price and open new order choose the Sell by Market order button

How Do You Set Orders on MT4 Charts

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