How to Set Stop Loss Stock Order in MetaTrader 4 Android Stock App
How to Place SL Order on MetaTrader 4 Android Stock App
A stoploss order is an order used in stocks to close an open trade if the trade moves against the trader's position by a certain number of pips.
Once the stoploss order is set at a specific level, this stoploss order will automatically close the open stocks trade once the stocks price gets to this stop loss order price level. Stop Loss order is used in stocks money management so as to prevent further losses if a stocks trade is going against the direction of the trader's open trade position.
Set Stop Loss Stocks Order Setting When Opening New Order in Tools Menu in MetaTrader 4 Android Stock App
To open a new stocks order - buy or sell stocks trade use the tools menu found within the MetaTrader 4 Stocks Platform as shown below.
The New order button for placing a new stock trade is displayed and shown below.
How to Set Stop Loss Stock Order in MetaTrader 4 Android Stocks Mobile App
Once you select the new order button as illustrated and illustrated above the following stocks trade order pop up window will appear and as a trader you will then use this trade order pop up window to set the Stop Loss Stocks Order Level for your new stocks trade.
This pop-up includes settings for placing a new stocks trade order as well as settings for setting Stop Loss Stocks Order Level.
How to Set Stop Loss Stock Orders in MetaTrader 4 Android Stocks App - Set Stop Loss Stock Order on MetaTrader 4 Stocks Android Phone App
Following Stop Loss Stocks Order Settings are specified for placing a new Stop Loss Stocks Order:
Stop Loss Stock Order - Set Stop Loss Stocks Order, This option can be set after opening trade, or for pending stocks orders
Open the Buy or Sell Trade by Clicking the Following Buttons:
- Sell by Market - Open a Sell Trade
- Buy by Market - Open a Buy Trade
To Buy at current stocks price & open a new stocks order choose the Buy by Market stocks order button
To Sell at current stocks price & open a new stocks order choose the Sell by Market stocks order button
After you open the new stock trades use the Stop Loss Stocks Order Window Above to Set The Stop Loss Stocks Order for the New Stock Order
You can also get this window panel so as to modify an already open buy or sell stocks trade - To get and find this order window for a buy stocks trade, right click on opened buy or sell stocks trade, then after that click "Modify Order" after you click modify order button key the above trading order settings button key will appear and you can then set the Stop Loss Stocks Order using the procedure described above.
