How Do You Read Buy & Sell Crude Oil Orders on MT5 Crude Oil Trading Charts?
Crude Oil Trade Buy & Sell Crude Oil Orders on MT5 Oil Trading Charts
To open a buy or a sell oil trade on the MT5 platform - open the Market Watch Window, Select the Oil Quote you want to open a Oil Trade with, open the crude oil chart of the oil symbol by double clicking on the crude oil price quote, then from the crude oil chart open a oil buy or sell oil trade using the MT5 order window shown below:
Place New Oil Trading Order in Tools Menu on MetaTrader 5 Platform
A new buy or sell order to buy or sell a oil instrument can be found on the tools menu that is within the MT5 Oil Trading Platform. The "New Crude Oil Trading Order" button for placing a new trade transaction on the MT5 platform is shown below. (MT5 Keyboard Short Cut Keys "F9")
How Do I Analyze Buy and Sell Crude Oil Orders on MT5 Crude Oil Charts? - How to Analyze Buy & Sell Crude Oil Orders on MT5 Oil Trading Charts?
Buy or Sell Order on MT5
As a oil trader, once you select the new oil order button as illustrated above the following trade order popup window will appear. This pop up includes the settings for placing a new trade transaction.
Select Buy to open a Buy Oil Trade
Select Sell to open a Sell Oil Trade
How Do I Analyze Buy and Sell Crude Oil Orders on MT5 Crude Oil Charts? - How to Analyze Buy & Sell Crude Oil Orders on MT5 Oil Trading Charts?
The Following Settings are specified for placing & setting a new oil trade order:
- Quote - Specify the instrument to be traded - oil.
- 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 pending oil trading orders
- Take Profit Crude Oil Order - Set Take Profit Oil Trading Order, This option can be set after opening trade, or for pending oil trading orders
- Type: Market Execution or Pending Oil Trading Order
- Sell by Market - Open a Sell Oil Trade
- Buy by Market - Open a Buy Oil Trade
To Buy at current crude oil price select Buy by Market button key
To Sell at current crude oil price select Sell by Market button key
How to Crude Oil Trade Buy & Sell Crude Oil Orders on MT5 Oil Trading Charts
