Displaying the Order Placement Window and Placing Orders in MT4 (Windows)
Four Ways to Display the Order Placement Window
There are several ways to display the order placement window to place orders, but here we introduce four commonly used methods. Use any of these methods to display the order placement window.
Method 1: Click 'New Order' in the toolbar.
Method 2: Right-click on the chart and select 'New Order' from the menu that appears.
Method 3: Double-click on the desired symbol in the market watch.
Method 4: Right-click on the desired symbol in the market watch and select 'New Order'.
Market Order from the Order Placement Window
The fields for a market order are as follows:
① Currency Pair: Specify the trading symbol.
② Quantity: Specify the trading volume in lots.
③ Stop Loss (optional): Set the price for the stop-loss order.
④ Take Profit (optional): Set the level for the take profit order.
⑤ Comments (optional): Enter any comments to be noted in the trade history.
⑥ Order Type: Select 'Market Order'.
Once all fields are filled, click the 'Buy Market' or 'Sell Market' button to place the market order.
Limit and Stop Orders from the Order Placement Window
The fields for limit and stop orders are as follows:
① Currency Pair: Specify the trading symbol.
② Quantity: Specify the trading volume in lots.
③ Stop Loss (optional): Set the price for the stop-loss order.
④ Take Profit (optional): Set the level for the take profit order.
⑤ Comments (optional): Enter any comments to be noted in the trade history.
⑥ Order Type (upper): Select 'Pending Order' for limit orders.
⑦ Order Type (lower): Choose from 'Buy Limit', 'Sell Limit', 'Buy Stop', or 'Sell Stop'.
⑧ Price: Enter the price for the limit or stop order.
⑨ Expiry: Set an expiry if required.
Once all fields are filled, click the 'Place Order' button to issue the limit or stop order.
