Trade Bitcoin Trading

How Do You Read Buy & Sell Orders in MT4 Charts?

Bitcoin Trade Buy and Sell Orders in MT4 Bitcoin Charts

To open a buy or a sell bitcoin trade in the MT4 software - open the Market Watch Window, Select the Bitcoin Crypto Currency Symbol you as a trader want to open a Bitcoin Crypto Currency Trade with, open the btcusd chart of the symbol by double clicking on the bitcoin price quote, then from the btcusd chart open a bitcoin buy or sell bitcoin trade using the MT4 order window pictured below:

Place New Order in Tools Menu on MT4 Platform Software

A new buy or sell order to buy or sell a btcusd instrument can be found on the tools menu within MetaTrader 4 Bitcoin Crypto Platform. The "New Order" button for opening new trade transaction in the MetaTrader 4 platform is shown below. (MT4 Short Cut key-board Keys 'F9')

How to Read Buy and Sell Orders on MT4 Charts

How Do I Read Buy and Sell Orders in MT4 Crypto Charts

Buy or Sell BTCUSD Trading Order on MT4 Platform

As a btcusd crypto trader, once you select the new bitcoin order button as illustrated & shown above the following trade order pop up window will then appear. This pop-up includes the settings for opening a new position.

Select Buy to open a Buy Bitcoin Crypto Currency Trade

Select Sell to open a Sell Bitcoin Crypto Currency Trade

How Do I Read Buy & Sell Orders in MetaTrader 4 Charts?

How Do I Read Buy and Sell Orders in MT4 Crypto Charts

Following Settings are specified for setting up & placing a new bitcoin trade order:

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

To Buy at current btcusd crypto price choose the Buy by Market button

To Sell at current bitcoin crypto currency price select the Sell by Market button

Interpret Buy & Sell Orders in MT4 Bitcoin Charts

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