Place New Order on Tools Menu in MT5

A new order to buy or sell a trade can be found on the tools menu within the MT5 Platform. The Button for placing a new trade is displayed below. (Short-Cut Key board Keys 'F9')

Placing a New Stock Indices Order

As a indices trader, once you select the new order button as illustrated above following window popup will appear. This window pop up includes all the settings used for placing a new trade order.

Following Setting are specified for setting up & placing a new order:

1. Quote - Specify the instrument to be traded.
2. Volume - The Number of Lots to be transacted
3. Stop Loss Stock Indices Order - Set Stop Loss Indices Order, This option can be set after opening trade, or for pending indices orders
4. Take Profit Stock Indices Order - Set Take Profit Indices Order, This option can be set after opening trade, or for pending indices orders
5. Type: Market Execution or Pending Indices Order
6. Sell by Market - Open a Sell Trade
7. Buy by Market - Open a Buy Trade

To Buy at current stock indices price hit the Buy by Market button

To Sell at current stock indices price hit Sell by Market button key

Setting Pending Indices Orders

To Set a pending trade at another indices trading price, Change the 'Type' option from 'Market Execution' to "Pending Indices Order" as shown below.

A menu list will pop-up & explain the following options.

1. Buy Limit Indices Order
2. Sell Limit Stock Indices Order
3. Buy Stop Indices Order
4. Sell Stop Stock Indices Order

These options are shown below:

To learn how to set up these pending stock indices orders read the articles:

Setting up Buy Limit Indices Order & Sell Limit Indices Order on MT5

Setting up Buy Stop Indices Order and Sell Stop Indices Order on MT5

Once you choose the type of pending stock indices order to place: then click the 'Place' button key as illustrated on the above screen-shot to complete the setup.