- right click on the “Market Watch” window or on the “Trade” tab of the “Terminal” window and select New order from the context menu; or
- press the F9 button; or
- use the Tools -> New order menu sequence; or
- right click on the chart window and select Trading -> New Order from the context menu; or
- double click on the currency pair in the “Market Watch” window.
The “Order” window:
In MetaTrader 4 there are two ways of making deals: “Instant Execution” and “Pending Order”.
Instant Execution means you do not have to request quotes, and you will enter the market immediately. Once you have decided to buy or sell at the current price press the Buy or Sell buttons to open a long or short position.
Before you enter the market you can change the details in the “Order” window:
- Symbol – a currency pair
- Volume – number of lots;
- Stop Loss – the level of Stop Loss order;
- Take Profit – the level of Take Profit order;
- Comment – any notes (that will show up in your report)
The new position will now be listed in the “Trade” tab of the “Terminal” window.
