How to Put Stop Loss on MT4 Mobile Phone Stock Indices Trading App
How to Set SL in MT4 Android App
A stop-loss order is an order used in stock indices to close an open trade if the trade moves against the trader's position by a specified number of pips.
Once the stop loss stock order is set at a specific level, this stop loss stock order will automatically close the open trade once the stock trading price gets to this stop loss stock order stock trading price level. Stop Loss order is used in indices equity management so that to prevent further losses if a indices trade is going against the direction of the trader's open trade.
Set Stop Loss Setting When Opening New Order on Tools Menu on Meta Trader 4 Android App
To open a new stock order - buy/sell trading use the tools pop up menu within the MetaTrader 4 Platform Software as illustrated below.
New order button for opening a new trade is as shown below.
How to Put Stop Loss When Opening Indices Orders on MT4 Android App
Once you have selected new order button as illustrated above following trade order window popup will appear & you as the trader can use this trade order panel popup to set the Stop Loss Order Level for your new indices trade.
This pop up includes settings for placing a new indices trading order as well as parameters for placing Stop-Loss Level.
Set Stop-Loss Order on MT4 Android App
Following Stop Loss Setting are specified for placing a new Stop Loss Order:
Indices Trading Stop Loss Stock Indices Order - Set Stop-Loss, This option can be set after placing a trade, or for pending orders
Open 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 prevailing stock price and open a new stock order choose Buy by Market order button
To Sell at prevailing stock price and open a new stock order choose Sell by Market order button
After opening the new stock trade transactions use the Stop Loss Order Window Panel Above to Set Stop Loss Order for the New Indices Order
You also can get this window so as to modify an open buy or sell trade - To find this order panel for a buy trade, right-click on opened buy or sell trade, then after that you click 'Modify Order' button key after you click on modify order button the above order settings button will pop up and appear & you can set Stop Loss using the guide explained above.
