XAUUSD Trading Set a Order on MT5

Trading Set a Order in MT5 XAUUSD

Set New Order on Tools Menu in MetaTrader 5

To set new order to buy or sell a trade can be found on the MetaTrader 5 tools menu that's found in the MetaTrader 5 Platform. Button for placing new trade order is displayed below. (MetaTrader 5 Short-Cut Key-board Keys 'F9')

XAUUSD Trading Set a Order on MT5

Placing a New Order

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

Set a Order in MT5?

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

1. Quote - Specify the instrument to be traded.
2. Volume - The Number of Lots to be transacted
3. Stop Loss Gold Order - Set Stop Loss, This option can be set after opening a trade transaction, or for pending orders
4. TP Order - Set TP Order, 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 ruling price hit Buy by Market button

To Sell at ruling price hit Sell by Market button

Interpret & Set Order in MetaTrader 5