Place New Order in Tools Menu on MetaTrader 5

A new order to buy or sell a trade can be found on the tools menu within the MetaTrader 5 Platform. The button for placing a new trade transaction is shown below. ( Short Cut Keys "F9")

Placing a New Forex Trading Order

As a forex trader, once you select the new order button as shown above the following popup window will appear. This pop up window includes the settings for placing a new trade.

The Following Settings are specified for placing a new order:

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

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

To Sell at current forex price hit the Sell by Market button

Setting Pending FX Trading Orders

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

A menu list will appear and show the following options.

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

These options are shown below:

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

· Setting up Buy Limit and Sell Limit on MetaTrader 5

· Setting up Buy Stop and Sell Stop on MetaTrader 5

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