Place New Order on Tools Menu on MT5 Platform Software

A new order to buy or sell a trade can be found on tools menu within MetaTrader 5 Software. The Button for placing a new trade is illustrated and shown below. (Key-board Shortcut Keys 'F9')

Placing a New Order

As a gold trader, once you choose the new order button option like illustrated above following pop up window window will appear. This pop-up includes all the parameters for opening a new order.

The Following Settings are specified for placing & setting a new order:

Symbol - Specify the financial instrument to be transacted.
Volume - No. of Lots to be transacted
StopLoss Order - Set StopLoss Order, This option can also be set after registering and opening a trade, or for pending orders
TP - Set TakeProfit Order, This option can also be placed after registering and opening a trade, or for pending orders
Type: Market Execution or Pending Order
Sell by Market - Open Sell Trade
Buy by Market - Open Buy Trade

To Buy at current price hit the Buy by Market button

To Sell at current price hit the Sell by Market button

Setting Pending Orders

To Set and Place a pending trade order at another price, Change the 'Type' option from 'Market Execution' to "Pending Order" as shown below.

A menu list will pop-up & explain the following options.

Buy Limit
Sell Limit
Buy Stop
Sell Stop

The options are shown below:

To learn how to setup these pending orders read lessons:

Setting up Buy Limit Order and Sell Limit Order on MT5 Software Platform

Setting up Buy Stop Order and Sell Stop Order in the MT5 Platform

Once you choose the type of pending order to place: then tap and click the 'Place' button just as is shown on the above screen shot to complete the setup.

More Guides and Courses:

Trade Gold Trading

Place New Order on Tools Menu on MT5 Platform Software

Placing a New Order

Setting Pending Orders