How Do I Set Oil Orders on MetaTrader 4 Platform?
How to Set Oil Orders in MT4
To set a new oil order in MetaTrader 4 software use step by step tutorial described below:
How to Place a New Crude Oil Trading Order in Tools Menu in MetaTrader 4 Software
A new oil order to buy or sell a trade can be found on the tools menu that is within the MT4 Platform as illustrated below. New order button key for placing a new crude oil trade is displayed and shown below. (Keyboard Short Cut Keys 'F9')
How to Set Oil Trading Orders Order in MetaTrader 4
Placing a New Oil Order
Once you choose the new order button as illustrated above the following oil order popup window panel will appear.
This popup includes the settings for placing a new oil order.
How to Set Oil Trading Orders in MT4
The Following Order Settings are specified for placing & setting a new oil order:
- Quote - Specify the instrument to be traded.
- Volume - The Number of Lots to be transacted
- Stop Loss Crude Oil Order - Set StopLoss Oil Trading Order, This option can be set after opening trade, or for the pending oil trading orders
- Take Profit Crude Oil Trade Order - Set Take Profit Oil Trading Order, This option can be set after opening trade, or for the pending oil trading orders
- Type: Market Execution or Pending Oil Trading Order
- Sell by Market - Open a Sell Trade
- Buy by Market - Open a Buy Trade
To Buy at current crude oil price & open new oil order select the Buy by Market oil order button
To Sell at current crude oil price & open new oil order select the Sell by Market oil order button
