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How Do I Set Gold Orders on MetaTrader 4?

How to Set XAUUSD Orders on MetaTrader 4

To set a new gold order on the MT4 platform use the step by step procedure explained below:

How to Place a New Gold Trading Order in Tools Menu on MetaTrader 4 XAUUSD Trading Software

A new gold trading order to buy or sell a trade can be found on the tools menu within the MT4 Gold Trading Platform as shown below. The New order button for placing a new gold trading transaction is shown below. (Keyboard Short Cut Keys "F9")

How Do I Set XAUUSD Orders Order on MT4? - How to Set XAUUSD Orders Order on MetaTrader 4 - Place XAUUSD Trade Order in XAUUSD Charts Explained

How to Set Gold Orders Order on MT4

Placing a New XAUUSD Order

Once you select the new order button as illustrated above the following gold trade order popup window will appear.

This popup includes the settings for placing a new xauusd trade order.

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How to Set Gold Orders on MetaTrader 4

The Following Order Settings are specified for placing a new xauusd trade order:

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

To Buy at current xauusd price and open a new gold order select the Buy by Market gold order button

To Sell at current xauusd price and open a new gold order select the Sell by Market gold order button