Trade Stock Indices

How to Put Stop Loss in MT4 Mobile Phone Indices Trade App

How to Set SL in MetaTrader 4 Android App

A stop-loss order closes a trade in indices if it goes against you by a set number of pips.

Once a stop loss order is established at a predetermined level, it will automatically close the open trade if the stock price falls to that level. This type of order is particularly useful in managing equity indices, as it helps limit further losses when a trade is moving against the trader's position.

Set Stop Loss Setting When Opening a New Order on Tools Menu on MetaTrader 4 Android App

To open a new stock order - buy/sell trading use the tools popup menu within the MT4 Software Platform just as is shown below.

New order button for opening a new trade is like as shown below.

How to Set StopLoss When Opening Indices Orders on MT4 Android App

How to Put Stop Loss When Opening Indices Orders on MetaTrader 4 Android App

Once you have selected new order button just as is shown/illustrated above following order window pop up will appear and you as the trader can use this trade order panel pop up to set the Stop Loss Order Level for your new indices trade.

This popup includes settings for placing a new indices trading order as well as parameters for placing Stop-Loss Level.

Set SL Order in MetaTrader 4 Android App - How Do I Set StopLoss on MT4 Android App?

Set Stop-Loss Order on MetaTrader 4 Android App

The Following Parameters are Required for Setting Up a New StopLoss Order:

Indices Trade Stop Loss Order - Place Stop-Loss. Add this after you open a trade, or use it for orders that wait.

Open Buy/Sell Trade Position by Clicking the Following Buttons:

  1. Sell by Market - Open Sell Trade
  2. Buy by Market - Open Buy Trade

To Buy at prevailing stock price and open a new stock order choose Buy by Market order button

To sell shares at the current price and start a new order, pick the Sell by Market button.

Following the opening of new stock trade operations, utilize the 'Stop Loss Order Panel Window' situated above to define the Stop Loss for the newly placed Indices order.

You can also use this panel to make changes to a buy or sell trade you've already started. To access this order window for an existing buy or sell trade, right-click on the open buy/sell position, and then click the 'Modify Order' button. After clicking the modify order button, the order settings will appear, allowing you to set a StopLoss as explained above.

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