How Do I Set Forex Orders on MT4? - How to Set Forex Orders on MetaTrader 4
How to Set Forex Orders on MT4
To set a new forex order in MetaTrader 4 platform use the procedure explained below:
How to Place New FX Trade Order in Tools Menu in MT4 Software
A new FX trading order to buy or sell a trade can be found on the tools menu within the MT4 Software as illustrated below. New order button for placing a new FX trade is shown below. ( Short Cut Keys 'F9')
How to Set Forex Orders Order in MT4
Placing a New Forex Order
Once you select new order button as illustrated above the following forex trading order pop up window will pop-up.
This pop up includes settings for placing a new forex trade order.
How to Set Forex Orders on MT4
The Following Order Setting are specified for setting up a new forex trade order:
- Symbol - Specify the currency pair to be traded.
- Volume - The Number of Lots to be transacted
- Stop Loss - Set Stop Loss, This option can be set after opening the trade, or for pending orders
- Take Profit - Set Take Profit, This option can be set after opening the trade, or for pending orders
- Type: Market Execution or Pending Order
- Sell by Market - Open a Sell Trade
- Buy by Market - Open a Buy Trade
To Buy at current price & open a new forex order choose Buy by Market forex order button
To Sell at current price & open a new forex order choose Sell by Market forex order button
