Place a New Gold Order on Tools Menu in MetaTrader 4 Software

A new order to buy or sell a trade can be found on the tools menu that's found in the MetaTrader 4 Platform. The Button for placing a new trade is displayed below. (Short-Cut Keyboard Keys 'F9')

Placing a New XAUUSD Trading Order

As a xauusd trader, once you select the new order button key as illustrated above the following popup window will appear. This popup includes all the settings for placing a new trade order.

The Following Setting are specified for setting a new order:

1. Quote - Specify the instrument to be traded - xauusd.
2. Volume - The Number of Lots to be transacted
3. Stop Loss Gold Order - Set Stop Loss XAUUSD Order, This option can be set after opening the trade, or for pending xauusd orders
4. Take Profit Gold Order - Set Take Profit XAUUSD Order, This option can be set after opening the trade, or for pending xauusd 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 gold price hit Buy by Market button

To Sell at current gold trading price hit Sell by Market button key

Setting Pending Gold Orders

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

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

1. Buy Limit XAUUSD Order
2. Sell Limit XAUUSD 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 orders read the articles:

Setting up Buy Limit Gold Order and Sell Limit Gold Order in MT4

Setting up Buy Stop Gold Order & Sell Stop Gold Order in MT4

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