Set Stop Loss Oil Trade Order MT4 Android Crude Oil Phone App
How to Set SL on MetaTrader 4 Android Crude Oil Mobile App
A stop loss oil order is an order used in oil to close an open trade if the trade moves against the trader's position by a certain number of pips.
Once the stop loss oil order is set at a specific level, this oil stop loss oil order will automatically close the open oil trade once the crude oil price gets to this stop loss order crude oil price level. Stop Loss order is used in oil money management so as to prevent further losses if a oil trade is going against the direction of the trader's open trade position.
Set Stop Loss Oil Order Setting When Opening New Order on Tools Menu in MT4 Android Crude Oil Mobile App
To open a new oil order - buy or sell oil trade use the tools menu that is found in the MT4 Oil Trading Platform as shown below.
The New order button for placing a new oil trading trade transaction is illustrated below.
How to Set Stop Loss Crude Oil Trade Order on MT4 Android Oil Mobile App - Set Stop Loss Oil Trade Order MT4 Android Oil App
Once you select the new order button key as illustrated above the following oil trade order pop up window panel will pop-up and as a trader you can use this trade order pop up window panel to set the Stop Loss Oil Trading Order Level for your new crude oil trade transaction.
This popup includes settings for placing a new oil trade order as well as settings for setting Stop Loss Oil Trading Order Level.
How to Set Oil Trading Stop Loss Orders on MT4 Android Oil Mobile App - Set Stop Loss Oil Trade Order on MetaTrader 4 Oil Android Mobile App
Following Stop Loss Oil Order Settings are specified for setting up a new StopLoss Oil Trading Order:
Oil Stop Loss Order - Set StopLoss Oil Order, This option can be set after opening trade, or for pending oil orders
Open the Buy or Sell Trade by Clicking on the Following Buttons:
- Sell by Market - Open a Sell Trade
- Buy by Market - Open a Buy Trade
To Buy at current crude oil price & open a new oil order choose Buy by Market oil order button
To Sell at current crude oil price & open a new oil order select Sell by Market oil order button
After opening the new crude oil trades use the Stop Loss Oil Order Window Above to Set Stop Loss Oil Trading Order for the New Crude Oil Trading Order
You can also get this panel in order to modify an already open buy or sell oil trade - To find & get this order panel for a buy oil trade, right-click on the opened buy or sell oil trade, then after that click "Modify Order" after you click on modify order button the above trading order settings button key will pop up and appear and you can then set the Stop Loss Oil Trading Order using the step by step procedure explained above.
