Place New Commodity Trading Order on Tools Menu in MetaTrader 4 Software

A new trading order to buy or sell a trade can be found on tools menu within the MT4 Platform. The Button key for placing a new trade is displayed below. (ShortCut "F9")

Placing a New Commodities Trading Order

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

Following Setting are specified for setting up and placing a new order:

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

To Buy at current commodity price hit Buy by Market button key

To Sell at current commodity price hit Sell by Market button key

Setting Pending Commodity Orders

To Set a pending trade at another commodity price, Change the "Type" option from "Market Execution" to "Pending Commodity Trading Order' as illustrated and shown below.

A menu list will appear & explain the following options.

1. Buy Limit Commodity Trading Order
2. Sell Limit Commodities Trading Order
3. Buy Stop Commodity Trading Order
4. Sell Stop Commodities Trading Order

These options are shown below:

To learn how to set up these pending commodity orders read lessons:

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

Setting up Buy Stop Commodity Trading Order & Sell Stop Commodity Order in MetaTrader 4

Once you select the type of pending commodity trading order to place: then tap and click the "Place" button as shown on the above screenshot to complete the setup.