How to Place a New XAUUSD Trading Order in Tools Menu in MetaTrader 4 Platform

A new trading order to buy or sell a trade can be found on the tools menu within the MT4 Platform. Button key for placing a new trade is shown below. (Keyboard ShortCut Keys "F9")

Placing a New Gold Order

As a gold trader, once you select the new order button key as illustrated & illustrated above the following pop up panel will pop-up. This pop up includes all the settings for placing a new trade order.

Following 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 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 Trade
7. Buy by Market - Open a Buy Trade

To Buy at current xauusd trading price hit the Buy by Market button

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

Setting Pending Gold Orders

To Set a pending trade at another xauusd trading price, Change the "Type" option from "Market Execution" to "Pending Gold Order" as shown below.

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

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

These options are shown below:

To learn how to set up these pending xauusd trade orders read the tutorials:

Setting up Buy Limit Gold Order & Sell Limit Gold Order in MetaTrader 4

Setting up Buy Stop Gold Order & Sell Stop Gold Order in MetaTrader 4

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