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