Indices Trading Set a Indices Stop Loss Order in MetaTrader 4 iPhone App
How Do I Trade Stock Indices and Set a Indices Stop Loss Order on MetaTrader 4 iPhone App?
Indices Trading Set SL on MT4 iPhone App
A stoploss order is an order used in indices trading to close an open indices trade if the trade moves against the trader's position by a certain number of pips.
Once the stop loss stock indices order is set at a specific level, this indices stop-loss order will automatically close-out the open indices trade once the stock indices price gets to this stop loss stock indices order stock indices price level. Stop Loss order is used in indices money management so that to prevent further losses if a indices trade position is going against the direction of the trader's open trade position.
Set Stop Loss Indices Order Setting When Opening New Stock Indices Order on Tools Menu in MT4 iPhone App
To open a new indices order - buy or sell index trade use the tools window panel menu within the MT4 Indices Platform as shown below.
The New indices order button for placing a new index trade is shown below.
Indices Trading Set a Indices Stop Loss Trading Order on MT4 iPhone App?
Once you select the new indices order button as illustrated above following indices trade order window panel pop-up will appear & you as a trader can use this trade order window panel popup to set the Stop Loss Indices Order Level for your new indices trade.
This pop up includes the settings for placing a new indices trade order as well as settings for setting Stop Loss Indices Order Level.
Indices Trading Set a Indices Stop Loss Trading Order on MT4 iPhone App?
Following Stop Loss Indices Order Setting are specified for placing a new Stop Loss Stock Indices Order:
Indices Stop Loss Trading Order - Set Stop Loss Indices Order, This option can be set after opening the trade, or for pending indices orders
Open the Buy or Sell Indices Trade by Clicking the Following Button Keys:
- Sell by Market - Open a Sell Indices Trade
- Buy by Market - Open a Buy Indices Trade
To Buy at current stock indices price & open a new indices order select Buy by Market indices order button
To Sell at current stock indices price & open a new indices order select Sell by Market indices order button
After opening the new stock indices trades use the Stop Loss Indices Order Window Panel Above to Set The Stop Loss Indices Order for the New Stock Indices Order
You can also get this window so that to modify an already open buy or sell indices trade - To get this order window panel for a buy indices trade, right click on opened buy or sell indices trade, then after that you click the "Modify Order" button after you click on modify order button the above trading order settings button will pop up and appear and you can set Stop Loss Indices Order using the procedure described above.
Indices Trading Set a Indices Stop Loss Trading Order on MT4 iPhone App
