How Do I Set Stop Loss Forex Orders on MT4? - Stop Loss Orders on MetaTrader 4
How to Set Stop Loss Order on MT4 - MT4 Charts SL Forex Order
How to Set Stop Loss Orders When Opening Forex Orders on MT4
To set Stop Loss when opening a new forex order in MetaTrader 4 platform use the procedure explained below:
Set Forex Stop Loss When Opening New FX Order in Tools Menu in MT4 Software
To open a new forex order to buy or sell a trade use tools menu within MT4 Software as shown below.
The New order button for placing a new FX trade is shown below. ( Short Cut Keys 'F9')
How to Set Stop Loss When Opening Forex Orders in MT4
Once you select the new order button as illustrated above the following forex trade order pop up will appear & as a trader you will use this trade order pop up to set the Stop Loss Level for your new forex trade transaction.
This pop up includes settings for placing a new forex trade order as well as settings for setting StopLoss Level.
How to Set Forex Stop Loss Orders on MT4 - Set SL Order in MT4
The Following Stop Loss Order Setting are specified for placing a new Stop Loss forex trade order:
Stop Loss - Set Stop Loss, This option can be set after opening the trade, or for pending orders
Open the Buy or Sell Trade by Clicking the Following Button Keys:- 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
After opening the new trades use Stop-Loss Window Above to Set SL order for the New Forex Order
You can also get this window so that to modify an already open buy or sell trade - To get this order window for a buy trade, right click in opened buy or sell trade, then after that you click on 'Modify Order' after you click modify order button the above trading order settings button key will popup & you can set Stop Loss Order using the procedure explained above.
