How to Read Buy & Sell XAUUSD Orders in MT4 Charts
How Do You Interpret Buy and Sell XAUUSD Orders in MT4 Charts?
To open a buy or a sell xauusd trade on MT4 platform - open the MarketWatch Window, Select the Quote you want to open a Trade with, open the chart of the instrument symbol by double clicking on the quote, then from the chart open a buy or sell gold trade using the MT4 order panel shown below:
Place New Order on Tools Menu in MT4 Software
A new buy or sell order to buy or sell gold can be found on the tools menu that's found in the MetaTrader 4 Gold Platform. The "New Order" button for placing a new trade transaction on the MetaTrader 4 platform is shown below. (MT4 Short Cut Keyboard Keys 'F9')
How Do You Interpret Buy and Sell Gold Orders in MetaTrader 4 XAUUSD Charts
Placing a New Order
As a trader, once you choose the new order button key as illustrated above the following trade order popup panel will appear. This pop up includes settings for opening a new trade.
Choose Buy to open a Buy Trade
Choose Sell to open a Sell XAUUSD Trade
How Do I Interpret Buy & Sell Gold Orders in MetaTrader 4 XAUUSD Charts
The Following Setting are specified for setting a new trading order:
- Quote - Specify the instrument to be traded.
- Volume - The Number of Lots to be transacted
- Stop Loss - Set Stop Loss, This option can be set after opening a trade, or for pending orders
- TP Order - Set TP Order, This option can be set after opening a trade, or for pending orders
- Type: Market Execution or Pending Order
- Sell by Market - Open Sell Gold Trade
- Buy by Market - Open Buy Trade
To Buy at ruling price select Buy by Market button key
To Sell at ruling price select Sell by Market button key
Interpret Buy & Sell XAUUSD Orders in MT4 XAUUSD Charts?
