Place New Order in Tools Menu on MT5

A new order to buy or sell a trade can be found on the tools menu within the MT5 Platform. The Button key for placing a new trade is shown below. (Key-board Short-Cut Keys 'F9')

Placing a New Order

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

The Following Settings are specified for placing & 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 StopLoss Order, This option can also be set after opening a trade, or for pending orders
4. TP Order - Set Take Profit Order, This option can also be set after opening a trade, or for pending orders
5. Type: Market Execution or Pending Order
6. Sell by Market - Open Sell Trade
7. 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 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.

1. Buy Limit Order
2. Sell Limit Order
3. Buy Stop Order
4. Sell Stop Order

The options are shown below:

To learn how to set up these pending orders read lessons:

Setting up Buy Limit Order and Sell Limit Order on MT5

Setting up Buy Stop Order and Sell Stop Order on MT5

Once you select the type of pending order to place: then tap and click the 'Place' button as shown on the above screenshot to complete the setup.