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Place New Order on Tools Menu in MetaTrader 4 XAUUSD Trading Platform

A new order to buy or sell a trade can be found on the tools menu that is found in the MetaTrader 4 Platform. The button for placing a new trade transaction is shown below. (Short Cut Keyboard Keys "F9")

How to Place New Trade Order on Tools Menu on MT4 Gold Trading Software Platform - Gold Buy and Sell Orders on MT4 - How to Place New Gold Trading Order in Tools Menu Trading On MetaTrader 4 Gold Platform


Placing a New Order

As a xauusd trader, once you select the new order button as shown and illustrated above the following popup window will appear. This popup includes the settings for placing a new trade.

How to Place a New XAUUSD Trade Market Order Setup Window on MetaTrader 4 XAUUSD Trading Platform - New XAUUSD Trading Order on MT4 Gold Trading Software Platform



The Following Settings are specified for placing a new order:



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


To Buy at current gold price hit the Buy by Market button

To Sell at current gold price hit the Sell by Market button


Setting Pending XAUUSD Orders

To Set a pending trade at another gold price, Change the "Type" option from "Market Execution" to "Pending XAUUSD Order" as shown below.


A menu list will appear and show the following options.



  1. Buy Limit XAUUSD Order
  2. Sell Limit XAUUSD Order
  3. Buy Stop XAUUSD Order
  4. Sell Stop XAUUSD Order


These options are shown below:

Setting Pending XAUUSD Orders Window for Buy and Sell Entry and Limit XAUUSD Orders - Gold Buy and Sell Orders on MetaTrader 4 - How to Place New Gold Trading Order in Tools Menu Trading On MetaTrader 4 Gold Platform


To learn how to set up these pending xauusd orders read the articles:

Setting up Buy Limit Gold Order and Sell Limit Gold Order on MetaTrader 4


Setting up Buy Stop Gold Order and Sell Stop Gold Order on MT4


Once you select the type of pending xauusd order to place; then click the "Place" button as shown on the above screenshot to complete the setup.

 

Metals Trading Symbols

Precious Metal Symbols:
Gold - XAU USD and XAU EUR, Silver - XAG USD and XAG EUR, Platinum - XPT USD, Palladium - XPD USD

Metal Symbols:
Copper - XCU USD, Zinc - XZN USD, Lead - XPB USD, Nickel - XNI USD, Aluminium - XAL USD