XAUUSD Set a Gold Order on MetaTrader 5

Trading Set a Gold Order on MT5

Set New Gold Order on Tools Menu in MT5

To set new order to buy or sell a trade can be found on the MT5 tools menu that's found in the MT5 Platform. Button for placing new trade order is displayed below. (MT5 Short Cut Keyboard Keys 'F9')

XAUUSD Set a Gold Order in MT5 - How to Set a Gold Order in MT5?

Placing a New Order

As a trader, once you choose the new order button as shown above the following pop up window will appear. This pop up includes all the parameters for placing new trade order.

Set a Gold Order on MT5? - How Do I Set a Gold Order in MT5?

The Following Order Settings are specified for setting a new trade order:

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

To Buy at current price hit Buy by Market button

To Sell at current price hit Sell by Market button

Interpret & Set Order in MetaTrader 5