How Do I Set a Sell Stop XAUUSD Order on MT4 Platform?
The example illustrated and described below explains how to set a sell stop order in the MT4 software.
A sell stop order is an order to sell gold at a xauusd price that's below the existing market xauusd price.
Setting Sell Stop Gold Orders on MetaTrader 4 Software
- Open a Gold Trading XAUUSD Trading Chart
- Right Click on Chart to open the Trade 'Order' Window Panel
- On the Trade Order Panel, Select Pending Gold Order as shown below
- Select Pending order Type as Sell Stop Gold Order as Show below
- After selecting Sell Stop XAUUSD Order - Click 'Place' Order & specify the sell stop xauusd price level where the order will be opened
Steps to Setting Sell Stop Gold Orders on MT4