Place New Order in Tools Menu in MT4 Software

A new order to buy or sell a trade can be found on the tools menu found within the MT4 Platform. The Button key for placing a new trade is displayed below. (Key board Short-Cut Keys 'F9')

Placing a New Stocks Trade Order

As a trader, once you select the new order button as highlighted and shown above the following pop-up window will then 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 Sell Trade
7. Buy by Market - Open 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 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 appear and show the following options.

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

The options are symbolized below:

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

Setting up Buy Limit Order & Sell Limit Order in MetaTrader 4

Setting up Buy Stop Order & Sell Stop Order in MetaTrader 4

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.