How to Place New Stock Trade Order in Tools Menu in MT4 Platform

A new order to buy or sell a trade can be found on tools menu within the MT4 Platform. Button key for placing a new trade is revealed below. (Key board ShortCut Keys 'F9')

Placing a New Stock Indices Order

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

Following Setting are specified for setting up a new order:

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

To Buy at current stock index price hit the Buy by Market button

To Sell at current stock index price hit the Sell by Market button

Setting Pending Indices Orders

To Set a pending trade at another stock index price, Change the 'Type' option from 'Market Execution' to "Pending Stock Indices Order" as revealed below.

A menu list will appear & show the following options.

1. Buy Limit Stock Indices Order
2. Sell Limit Stock Indices Order
3. Buy Stop Order
4. Sell Stop Order

The options are revealed below:

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

Setting up Buy Limit Order and Sell Limit Order on MT4

Setting up Buy Stop Order & Sell Stop Order on MT4

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