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