How to Place a New Order

Updated 1 week Ago

For traders, MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are the most widely used platforms. Through MT4/5, traders can access hundreds of financial instruments, including forex, precious metals, stocks, futures, and commodities.

Procedure

Step 1: Choose the Order Method

Toolbar Method: Click “New Order” on the second row of the toolbar
Market Watch Method: Right-click or double-click a symbol in the “Market Watch” list → select “New Order”
Tools Menu Method: Click “Tools” → “New Order”
Chart Right-Click Method: Right-click on the chart of a symbol → “Trade” → “New Order”
Keyboard Shortcut: Press F9
One-Click Trading (MT4):
- Right-click on the chart → “One Click Trading”
- Floating window appears in the top-left
- Click SELL to open a sell order, BUY to open a buy order
- Enter trade volume in the middle field

Step 2: Fill in Order Details

Method 1: Market Execution

Open the Order window
Select Symbol: Choose the instrument to trade
Volume: Enter trade size, minimum 0.01 lots (subject to platform rules)
Stop Loss (SL, optional): Automatically close the position if price moves against you, default 0 = not set
Take Profit (TP, optional): Automatically close the position when target is reached, default 0 = not set
Type: Default Market Execution
Place Order: Click Sell (red) or Buy (blue) to complete the order

Method 2: Pending Order

Open the Order window
Select Symbol
Volume
Stop Loss (SL, optional)
Take Profit (TP, optional)
Type: Choose Pending Order
Pending Order Type:
- Buy Limit: Buy below market price
- Sell Limit: Sell above market price
- Buy Stop: Buy above market price
- Sell Stop: Sell below market price
Price: Enter the execution price
Expiration (optional): Set order validity
Place Order: Click Place to submit

Tips

In volatile markets, be aware of slippage and execution speed
Setting SL and TP helps control risk and lock profits
Pending orders allow pre-planning of strategies for greater trading flexibility