How Do You Set Forex Orders in MT4 Charts?
How Do You Set Forex Orders in MT4 Charts?
To set a new forex order in MetaTrader 4 platform use the procedure explained below:
Place New Forex Order in Tools Menu in MT4 Platform
A new FX order to buy or sell a trade can be found on the tools window menu within the MT4 Software as illustrated below. New order button for placing a new FX trade is displayed below. (MT4 Short Cut Keys 'F9')
How Do You Set Forex Orders on MT4 Trading Charts?
Placing a New Forex Order
Once you select the new forex 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 Do You Set Forex Orders in MT4 Charts?
The Following Order Setting are specified for setting up a new forex trading order:
- Symbol - Specify the forex instrument 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 Forex Trade
- Buy by Market - Open a Buy Forex Trade
To Buy at current forex price & open a new forex order choose Buy by Market forex order button
To Sell at current forex price & open a new forex order choose Sell by Market forex order button
How Do You Set Forex Orders in MetaTrader 4 Forex Trading Charts?
