Place New Order in Tools Menu in MetaTrader 5 Platform

A new order to buy or sell a trade can be found on the tools menu found within the MetaTrader 5 Platform. Button key for placing a new trade is displayed below. (Key board ShortCut Keys "F9")

Placing a New Order

As a trader, once you select the new order button as highlighted & explained above the following popup window will appear. This pop up window includes the settings for placing a new trade.

Following Settings are specified for placing & setting a new order:

1. Quote - Specify the instrument to be traded - stocks.
2. Volume - The Number of Lots to be transacted
3. Stop Loss Order - Set Stop Loss Stocks Order, This option can be set after opening trade, or for pending orders
4. Take Profit Order - Set Take Profit Stocks Order, This option can be set after opening trade, or for pending orders
5. Type: Market Execution or Pending Stocks Order
6. Sell by Market - Open a Sell Trade
7. Buy by Market - Open a Buy Trade

To Buy at current price hit the Buy by Market button

To Sell at current price hit the Sell by Market button

Setting Pending Stocks Orders

To Set a pending trade at another price, Change the "Type" option from "Market Execution" to "Pending Stocks Order" as shown below.

A menu list will pop-up and show the following options.

1. Buy Limit Stocks Order
2. Sell Limit Order
3. Buy Stop Order
4. Sell Stop Order

These options are pictured below:

To learn how to set up these pending trading orders read the courses:

Setting up Buy Limit Order & Sell Limit Order on Meta Trader 5

Setting up Buy Stop Order and Sell Stop Order on Meta Trader 5

Once you select the type of pending trading order to place: then tap and click the "Place" button as shown on the above screenshot to complete the setup.