How to Set Stop Loss Gold Order on MetaTrader 4 iPhone App
How to Place SL Order in MetaTrader 4 iPhone App
A stoploss order is an order used in gold trading to close an open trade if the trade moves against the trader's position by a certain number of pips.
Once the stoploss order is set at a particular level, this stop loss order will automatically close the open gold trade once the xauusd trading price gets to this stop loss order xauusd price level. Stop Loss order is used in gold money management so as to prevent further losses if a gold trade position is going against the direction of the trader's open trade position.
Set Stop Loss XAUUSD Order Setting When Opening New Order in Tools Menu in MetaTrader 4 iPhone App
To open a new xauusd order - buy or sell gold trading use the tools pop up menu within the MT4 XAUUSD Trading Software as shown below.
The New order button key for placing a new gold trade is as shown below.
How to Set Stop Loss Gold Order in MT4 iPhone App - Set Stop Loss Gold Order MT4 iPhone App - How to Set Stop Loss Gold Order When Opening Gold Orders in MetaTrader 4 iPhone App
Once you select new order button as illustrated and illustrated above following gold trade order popup panel will appear and as a trader you will then use this trade order popup panel to set the Stop Loss Gold Order Level for your new xauusd trade.
This pop up includes the settings for placing a new gold trade order as well as settings for setting Stop Loss Gold Order Level.
How to Set Gold Stop Loss Orders in MT4 iPhone App - Set Stop Loss Gold Order on MetaTrader 4 iPhone Mobile App
Following Stop Loss Gold Order Setting are specified for placing a new Stop Loss Gold Order:
Stop Loss XAUUSD Order - Set Stop Loss Gold Order, This option can be set after opening the trade, or for pending gold orders
Open the Buy or Sell Trade by Clicking the Following Button Keys:
- Sell by Market - Open a Sell Trade
- Buy by Market - Open a Buy Trade
To Buy at current xauusd trading price and open new gold order select the Buy by Market gold order button
To Sell at current xauusd trading price and open new gold order select the Sell by Market gold order button
After you open the new xauusd trades use the Stop Loss Gold Order Window Panel Above to Set The Stop Loss Gold Order for the New Gold Order
You can also get this panel in order to modify an already open buy or sell gold trade - To find this order window for a buy gold trade, right-click in the opened buy or sell gold trade, then after that click "Modify Order" button after you click the modify order button key the above order settings button key will appear and you can then set the Stop Loss Gold Order using the procedure described above.
