How Do You Set Crude Oil Orders on MetaTrader 4 Crude Trading Charts?
How Do You Set Oil Orders on MT4 Oil Trading Charts?
To set a new oil order in the MetaTrader 4 software use the procedure explained below:
Place New Oil Order on Tools Menu on MT4 Crude Trading Platform
A new oil order to buy or sell a trade can be found on the tools menu that's found in the MT4 Platform as illustrated below. The New oil order button key for placing a new crude oil trade is described below. (MT4 ShortCut Key-board Keys "F9")
How Do You Set Oil Orders on MetaTrader 4 Crude Trading Charts? - How Do I Interpret and Set Crude Oil Orders on MetaTrader 4 Oil Trading Charts?
Placing a New Crude Trading Order
Once you have selected new oil order button key as illustrated above the following crude trading order pop up window panel will pop-up.
This popup includes settings for placing a new crude oil trade order.
How Do You Set Oil Orders on MetaTrader 4 Oil Charts? - How Do I Oil Trade and Set Crude Oil Orders on MetaTrader 4 Oil Trading Charts?
Following Order Settings are specified for setting and placing a new crude oil trade order:
- Quote - Specify the instrument to be traded.
- Volume - The Number of Lots to be transacted
- Stop Loss Crude Oil Order - Set Stop Loss Oil Order, This option can be set after opening trade, or for pending oil orders
- Take Profit Crude Oil Trade Order - Set Take Profit Oil Order, This option can be set after opening trade, or for pending oil orders
- Type: Market Execution or Pending Oil Trading Order
- Sell by Market - Open a Sell Oil Trade
- Buy by Market - Open a Buy Oil Trade
To Buy at current crude oil price & open a new oil order choose Buy by Market oil order button
To Sell at current crude oil price & open a new oil order select Sell by Market oil order button
Interpret & Set Crude Oil Orders on MT4 Oil Trading Charts?
