Set StopLoss Order MetaTrader 4 iPhone App
How to Set SL on MetaTrader 4 iPhone App
A stop loss order is an order used in xauusd to close an open trade if the trade moves against the trader's position by a certain number of pips.
Once stop-loss is set at a specified level, this stop-loss will automatically close the open trade once the price gets to this stop-loss price level. Stop-Loss order is used in xauusd money management so as to prevent further losses if a trade is moving against the direction of the trader's open trade.
Set Stop Loss Setting When Opening New Order on Tools Menu on MetaTrader 4 iPhone App
To open a new trade order - buy or sell trade use the tools menu that's found in the MetaTrader 4 Platform Software as illustrated below.
The New order button key for placing a new trade is as shown below.
How to Set Stop Loss Order in MetaTrader 4 iPhone XAUUSD App - Set StopLoss Order MetaTrader 4 iPhone XAUUSD App
Once you select the new order button key as shown and illustrated above the following trade order popup window will appear & you as a trader can use this trade order popup window to set the Stop Loss Order Area for your new gold trade.
This pop up includes settings for opening a new trade order as well as settings for setting StopLoss Level.
How to Set Stop Loss Orders in MetaTrader 4 iPhone XAUUSD App - Set StopLoss Order in MetaTrader 4 iPhone Mobile App
The Following StopLoss Settings are specified for placing a new StopLoss Order:
Stop Loss - Set StopLoss, This option can be set after opening a trade, or for pending orders
Open the Buy or Sell Trade by Clicking on the Following Buttons:
- Sell by Market - Open Sell Trade
- Buy by Market - Open Buy Trade
To Buy at current trading price and open new order select Buy by Market order button
To Sell at current trading price and open new order select Sell by Market order button
After opening the new gold trades use the StopLoss Window Above to Set The StopLoss for the New Order
You also can get this panel to modify an already open buy or sell trade - To find & get this order panel for a buy trade, right click the opened buy or sell trade, then after that click on the 'Modify Order' after you click on the modify order button the above order settings button will pop-up & you can then set Stop Loss using the step by step procedure described above.
