Set Stop Loss Oil Order MT4 iPhone Crude Oil Phone App
How to Set SL in MT4 iPhone Oil Trading 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 trading price gets to this stop-loss order crude oil price level. Stop Loss order is used in oil money management in order 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 on MetaTrader 4 iPhone Crude Oil Trading App
To open a new oil order - buy or sell oil trade use the tools menu that is found in the MetaTrader 4 Oil Trading Platform as shown below.
The New order button key for placing a new oil trade is as illustrated below.
How to Set Stop Loss Crude Oil Order in MT4 iPhone Oil Mobile App - Set Stop Loss Oil Order MT4 iPhone Oil Trading App
Once you choose the new order button key as illustrated above the following oil trade order pop up window panel will pop-up & as a trader you can use this trade order popup window panel to set the Stop Loss Oil Trading Order Level for your new crude oil trade.
This popup includes the 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 in MetaTrader 4 iPhone Oil Mobile App - Set Stop Loss Oil Trading Order in MT4 Oil iPhone App
The Following Stop Loss Oil Order Settings are specified for setting up a new Stop-Loss 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 and open a new oil order select the Buy by Market oil order button
To Sell at current crude oil price and open a new oil order select the Sell by Market oil order button
After opening the new crude oil trades use the Stop Loss Oil Order Window Panel Above to Set the Stop Loss Oil Trading Order for the New Crude Oil Trading Order
You can also get this window panel in order to modify an already open buy or sell oil trade - To find & get this order window panel for a buy oil trade, right click on 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 & you can then set the Stop Loss Oil Order using the step by step procedure explained above.
