Place New Order in Tools Menu in MetaTrader 4 Software

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 displayed below. (Keyboard ShortCut Keys "F9")

Placing a New Stocks Trading Order

As a stock trader, once you choose the new order button key as shown and illustrated above following popup window will appear. This popup window includes all the settings used for placing a new trade order.

Following Setting are specified for setting a new order:

1. Quote - Specify the instrument to be traded.
2. Volume - The Number of Lots to be transacted
3. Stop Loss Stocks Order - Set Stop Loss Stock Order, This option can be set after opening the trade, or for pending stock orders
4. Take Profit Stocks Order - Set Take Profit Stock Order, This option can be set after opening the trade, or for pending stock orders
5. Type: Market Execution or Pending Stock Order
6. Sell by Market - Open a Sell Trade
7. Buy by Market - Open a Buy Trade

To Buy at current stocks price hit the Buy by Market button

To Sell at current stocks price hit the Sell by Market button

Setting Pending Stocks Orders

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

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

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

These options are shown below:

To learn how to set up these pending stock orders read the articles:

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

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

Once you choose the type of pending stock order to place: then click the "Place" button key as illustrated on the above screen-shot to complete the setup.