Place New Order in Tools Menu in MT4 Software

A new order to buy or sell a trade can be found on tools menu within MT4 Platform. The Button for placing a new trade is shown below. (Short Cut key-board Keys "F9")

Placing a New Trade Order

As a stock index trader, once you choose the new trade order button as displayed above following window popup will appear. This panel popup includes all the settings used for opening new trade order.

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

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

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

To Sell at current stock price hit Sell by Market button

Setting Pending Stock Orders

To Set a pending trade order at another price, Change the "Type" option from "Market Execution" to "Pending Order" as illustrated below.

A menu list will pop-up and show the following options.

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

These options are shown below:

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

Setting up Buy Limit Order and Sell Limit Order on Meta Trader 4

Setting up Buy Stop Indices Order and Sell Stop Indices Order on Meta Trader 4

Once you choose the type of pending stock order to place: then click the "Place" button as shown on the above screen-shot to complete the set-up.

Learn More Courses and Tutorials:

• Bollinger Band Indices Indicator Analysis
• 20 Period MA Index Trade Strategy
• Indices Download MetaTrader - Cannot Install MetaTrader 4 Platform
• How Can I Add SWI 20 in MT5 iPhone Trade App?
• Indices Beginner Traders Learn Training Indices Course for Beginner Traders
• Indices How Can I Choose a Stock Indices Broker for Standard Account Trading?
• Bulls Power Indices Indicator Analysis
• Chaikins Money Flow Index Indicator Analysis on Stock Indices Charts
• How to Login to MetaTrader 5 Stock Indices Platform Software Account