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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 in MetaTrader 4 platform use the step by step procedure described below:

How to Place a New Gold Trading Order in Tools Menu on MT4 Software

A new gold trading order to buy or sell a trade can be found on the tools menu within the MT4 Gold Software as illustrated below. The New order button for placing a new gold trade is illustrated below. (Keyboard ShortCut Keys 'F9')

How to Set XAUUSD Orders Order in MT4 - Place XAUUSD Trade Order in XAUUSD Charts Explained

How to Set Gold Orders Order on MT4

Placing a New XAUUSD Order

Once you choose new order button as illustrated & illustrated above following gold trade order pop-up window will pop up.

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

How to Set Gold Orders on MT4 - How Do I Set Gold Orders Order in MT4? - How Do I Set Trading Orders in Trading Platform?

How to Set Gold Orders in MT4

The Following Order Setting are specified for placing & setting 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 trade, or for pending gold orders
  4. Take Profit XAUUSD Order - Set Take Profit Gold Order, This option can be set after opening 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 & open a new gold order select the Buy by Market gold order button

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