How Do I Set Forex Orders in MT4 Charts?

How Do I Set Forex Orders in MT4 Charts?

To set new order in MT4 platform use the guide explained below:

Place New Order in Tools Menu in MetaTrader 4 Software

A new order to buy/sell a trade can be found on the tools window menu within the MT4 Software as illustrated below. New order button for opening a new trade is portrayed below. (MetaTrader 4 Short Cut Keys 'F9')

How Do I Set Forex Orders on MT4 Charts?

Setting a New Order

Once you choose new order button as shown above the following trade order popup window will pop-up.

This pop up includes settings for opening new order.

How Do I Set Forex Orders in MT4 Charts?

The Following Order Setting are specified for setting up new order:

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

To Buy at prevailing price & open new order select Buy by Market order button

To Sell at prevailing price & open new order select Sell by Market order button

How Do I Set Forex Orders in MetaTrader 4 Charts?