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