How Do I Set a Gold Order on MetaTrader 5?

How Do I Set a XAUUSD Order on MetaTrader 5?

Set New Gold Order in Tools Menu on MetaTrader 5

To set new gold order to buy or sell a trade can be found on the MT5 tools menu within the MT5 Platform. The Button key for placing a new trade order is shown below. (MetaTrader 5 Keyboard Short Cut Keys "F9")

Set a Gold Order in MT5 - Set a Gold Order in MT5?

Placing a New Gold Order

As a trader, once you choose the new gold order button key as illustrated & illustrated above the following pop up panel will pop-up. This pop up includes all the settings for placing a new trade order.

Interpret & Set a Gold Order on MetaTrader 5? - How Do I Trade XAUUSD and Set a Gold Order in MT5?

Following Order Setting are specified for placing and setting a new xauusd trade order:

1. Symbol - Specify the instrument to be traded - gold.
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 XAUUSD Trading Order or Pending Gold Order
6. Sell by Market - Open a Sell Gold Trade
7. Buy by Market - Open a Buy Gold Trade

To Buy at current xauusd price hit the Buy by Market button key

To Sell at current xauusd price hit the Sell by Market button

Set a Gold Order in MT5