Place New Order in Tools Menu on MT5

A new order to buy or sell a trade can be found on the tools menu within the MT5 Platform. The Button key for placing a new trade is shown below. (Key board Short-Cut Keys 'F9')

Placing a New Gold Order

As a gold trader, once you select the new order button as illustrated and illustrated above following pop-up window will appear. This popup includes all the settings for placing a new trade order.

The Following Settings are specified for placing & setting a new 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 XAUUSD Order
6. Sell by Market - Open a Sell Trade
7. Buy by Market - Open a Buy 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 key

Setting Pending Gold Orders

To Set a pending trade at another xauusd price, Change the 'Type' option from 'Market Execution' to "Pending Gold Order" as shown below.

A menu list will pop-up & explain the following options.

1. Buy Limit Gold Order
2. Sell Limit Gold Order
3. Buy Stop Gold Order
4. Sell Stop Gold Order

These options are shown below:

To learn how to set up these pending xauusd trading orders read lessons:

Setting up Buy Limit Gold Order & Sell Limit Gold Order on MT5

Setting up Buy Stop Gold Order and Sell Stop Gold Order on MT5

Once you select the type of pending xauusd trading order to place: then tap and click the 'Place' button as shown on the above screenshot to complete the setup.