How to Place a New Order in MT4

There are several ways to place a new order in the MT4 terminal:

1. Using the Toolbar:

   • Click on the ‘New Order’ button on the toolbar.

2. Using the Tools Menu:

   • Select ‘New Order’ from the ‘Tools’ drop-down menu.

3. Using Keyboard Shortcut:

   • Press F9.

4. Using the Market Watch Window:

   • Right-click an instrument in the ‘Market Watch’ window and select ‘New Order’.
   • Double-click an instrument in the ‘Market Watch’ window.

5. One-Click Trading:

   • Enable one-click trading for faster order placement.

Proceeding with any of the above options will open the ‘Order’ window, allowing you to adjust the parameters of the position you are about to open.

Adjusting Order Parameters:

• Symbol: Change the instrument you wish to trade.
• Volume: Set the size of the trade (lot).
• Stop-Loss: Set the stop-loss level if desired.
• Take-Profit: Set the take-profit level if desired.

Placing the Order:

• Click ‘Sell’ to open a short position at the current bid price.
• Click ‘Buy’ to open a long position at the current ask price.

By following these steps, you can efficiently place new orders on the MT4 platform.