How to Place a New Silver Trading Order in Tools Menu in MT4 Software

A new order to buy or sell a trade can be found on the tools menu found within the MT4 Platform. The Button key for placing a new trade is shown below. ( Short Cut "F9")

Placing a New XAGUSD Order

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

The Following Settings are specified for setting and placing a new order:

1. Symbol - Specify the instrument to be traded.
2. Volume - The Number of Lots to be transacted
3. Stop Loss XAGUSD Order - Set Stop Loss Silver Trading Order, This option can also be placed after opening the trade, or for a pending silver trading orders
4. Take Profit XAGUSD Order - Set Take Profit Silver Trading Order, This option can also be placed after opening the trade, or for a pending silver trading orders
5. Type: Market Execution or Pending Silver Trading Order
6. Sell by Market - Open a Sell Trade
7. Buy by Market - Open a Buy Trade

To Buy at current xagusd price hit the Buy by Market button

To Sell at current xagusd price hit Sell by Market button

Setting Pending XAGUSD Trading Orders

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

A menu list will appear & illustrate the following options.

1. Buy Limit Silver Trading Order
2. Sell Limit Silver Trading Order
3. Buy Stop Silver Trading Order
4. Sell Stop Silver Trading Order

These options are shown below:

To learn how to set up these pending xagusd trade orders read the articles:

Setting up Buy Limit Silver Trading Order & Sell Limit Silver Order in MetaTrader 4

Setting up Buy Stop Silver Trade Order & Sell Stop Silver Order in MetaTrader 4

Once you select the type of pending silver order to place: then click the "Place" button as illustrated on the above screenshot to complete the setup.