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