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 as 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 panel pop up 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

The Following Stop Loss Order Settings are specified for placing a new Stop Loss:

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/Sell Trade Position 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 StopLoss for the New Indices Order

You can also get this panel so as to modify an open buy/sell trade transaction - To get this order window panel for a buy or sell trade, right click on opened buy/sell trade position, then after that you click 'Modify Order' button key after you press on modify order button the above order settings button will popup and appear & you can set StopLoss using the lesson explained above.

Study More Topics & Courses:

Trade Stock Indices

How to Put Stop Loss on MT4 Mobile Phone Stock Indices Trading App

How to Set SL in MT4 Android App

Set Stop Loss Setting When Opening New Order on Tools Menu on Meta Trader 4 Android App