How Do You Set Stop Loss Forex Trading Orders on MetaTrader 4 Charts?
How Do You Set Stop Loss Forex Trading Orders on MetaTrader 4 Charts?
How Do You Set Stop Loss Orders When Opening Forex Orders on MT4
To set Stop Loss when opening a new forex order in MetaTrader 4 software use the procedure described below:
Set Stop Loss When Opening New Forex Order in Tools Menu on MT4 Platform
To open a new forex order to buy or sell a trade use tools menu within MT4 Software as shown below.
The New forex order button key for placing a new forex trade is displayed below. (MetaTrader 4 Short Cut Keys 'F9')
How Do You Set Stop Loss Forex Orders on MetaTrader 4 Trading Charts?
Once you select the new forex 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.
This pop up includes settings for placing a new forex trade order as well as settings for setting StopLoss Level.
How Do You Set Stop Loss Forex Orders on MT4 Charts?
The Following Stop Loss Order Setting are specified for placing a new Stop Loss forex trading order:
Stop Loss - Set Stop Loss, This option can be set after opening the trade, or for pending orders
Open the Buy or Sell Forex Trade by Clicking the Following MT4 Buttons:- 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
After opening the new forex trades use the 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 forex trade - To get this order window for a buy forex trade, right click in opened buy or sell forex 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.
How Do You Set Stop Loss Forex Orders on MetaTrader 4 Trading Charts?
