How Do You Read Buy & Sell Gold Orders on MetaTrader 5 Gold Charts?
Trading XAUUSD Interpret Buy & Sell XAUUSD Orders on MetaTrader 5 XAUUSD Charts
To open a buy or a sell gold trade on the MetaTrader 5 platform - open the Market Watch Window, Select the Gold Symbol you want to open a Gold Trade with, open the chart of the gold symbol by double clicking on the xauusd price quote, then from the chart open a buy or sell gold trade using the MT5 order window shown below:
Place New Gold Order in Tools Menu in MT5 Software
A new buy or sell order to buy or sell a gold instrument can be found on the tools window menu within the MT5 Gold Platform. The "New Gold Order" button for placing a new trade transaction on the MT5 platform is shown below. (MetaTrader 5 Keyboard Short Cut Keys 'F9')
How Do I Read Buy & Sell Gold Orders on MetaTrader 5 Gold Charts
Placing a New XAUUSD Order
As a gold trader, once you select the new gold order button key as illustrated and illustrated above following trade order popup window will appear. This pop up includes the settings for placing a new xauusd trade.
Choose Buy to open a Buy Gold Trade
Select Sell to open a Sell Gold Trade
How Do I Read Buy & Sell Gold Orders on MetaTrader 5 Gold Charts
The Following Settings are specified for placing and setting a new xauusd trading order:
- Symbol - Specify the instrument to be traded - gold.
- Volume - The Number of Lots to be transacted
- Stop Loss XAUUSD Order - Set Stop Loss Gold Order, This option can be set after opening trade, or for pending gold orders
- Take Profit XAUUSD Order - Set Take Profit Gold Order, This option can be set after opening trade, or for pending gold orders
- Type: Market Execution or Pending Gold Order
- Sell by Market - Open a Sell Gold Trade
- Buy by Market - Open a Buy Gold Trade
To Buy at current xauusd price choose the Buy by Market button key
To Sell at current xauusd price choose the Sell by Market button key
Interpret Buy & Sell Gold Orders on MetaTrader 5 Gold Charts
