Place and Set New Order on the Tools Menu in MetaTrader 4 Platform

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 position is displayed below. (Short Cut key board Keys "F9")

Setting a New Trade Order

As a stock index trader, once you choose the new trade order button option 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:

Symbol - Specify the trading instrument to be transacted.
Volume - The Number of Lots to be traded and transacted
Stop Loss Stock Order - Set Stop Loss Order, This option can be set/placed after opening a trade, or for pending orders
Take Profit Stock Order - Set TakeProfit, This one can be set after placing a trade, or for pending orders
Type: Market Execution or Pending Order
Sell by Market - Open a Sell Trade
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 and Placing 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.

Buy Limit
Sell Limit
Buy Stop Stock Order
Sell Stop Stock Index 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 Stock Index Order on Meta Trader 4

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

Learn More Courses and Tutorials:

Trade Stock Indices

Place and Set New Order on the Tools Menu in MetaTrader 4 Platform

Setting a New Trade Order

Setting and Placing Pending Stock Orders