Ordering through the MT4 (Mac) Order Window

Before placing an order in MT4, you first need to open the 'New Order' window. This article introduces four ways to display the order window, along with how to place market orders and limit/stop orders from it.

Four Ways to Display the Order Window

There are several ways to display the order window; any of the following can be used. Here we introduce four commonly used methods.

Method 1: From the Toolbar

Click 'New Order' on the toolbar.

Method 2: From the Chart Right-Click Menu

Right-click on the chart and select 'New Order' from the menu that appears.

Method 3: Double-Click in the Market Watch

Double-click on the desired instrument in the Market Watch.

Method 4: Right-Click in the Market Watch

Right-click on the desired instrument in the Market Watch and select 'New Order'.

Placing a Market Order from the Order Window

In the order window, the input fields for a market order are as follows:
① Symbol: Specify the instrument you want to trade.
② Volume: Specify the trade volume in lots.
③ Stop Loss (optional): Specify the price for the stop loss order.
④ Take Profit (optional): Specify the level for the take profit order.
⑤ Comment (optional): Enter any comment you want recorded in the trade history.
⑥ Type: Select 'Market Execution'.

Once you have completed the inputs, click the 'Sell by Market' or 'Buy by Market' button to place the market order.

Placing a Limit/Stop Order from the Order Window

The input fields for a limit/stop order are as follows:
① Symbol: Specify the instrument you want to trade.
② Volume: Specify the trade volume in lots.
③ Stop Loss (optional): Specify the price for the stop loss order.
④ Take Profit (optional): Specify the level for the take profit order.
⑤ Comment (optional): Enter any comment you want recorded in the trade history.
⑥ Type (top): Select 'Pending Order'.
⑦ Type (bottom): Choose either 'Buy Limit', 'Sell Limit', 'Buy Stop', or 'Sell Stop'.
⑧ at price: Enter the price for the limit or stop order.
⑨ Expiry: Set the expiry if necessary.

Once you have completed the inputs, click the 'Place' button to issue the limit/stop order.