Place New Order in Tools Menu on MetaTrader 4

A new order to buy or sell a trade can be found on the tools menu within the MT4 Platform. The button for placing a new trade transaction is shown below. (Short Cut Keyboard Keys "F9")

Placing a New Order

As a bitcoin trader, once you select the new order button as illustrated and shown above the following popup window will appear. This popup includes the settings for placing a new trade.

The Following Settings are specified for placing a new order:

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

To Buy at current btcusd price hit the Buy by Market button

To Sell at current btcusd price hit the Sell by Market button

Setting Pending Bitcoin Orders

To Set a pending trade at another bitcoin price, Change the "Type" option from "Market Execution" to "Pending Bitcoin Order" as shown below.

A menu list will appear and show the following options.

1. Buy Limit Bitcoin Order
2. Sell Limit Bitcoin Order
3. Buy Stop Bitcoin Order
4. Sell Stop Bitcoin Order

These options are shown below:

To learn how to set up these pending cryptocurrency orders read the articles:

Setting up Buy Limit Bitcoin Order and Sell Limit Bitcoin Order on MT4

Setting up Buy Stop Bitcoin Order and Sell Stop Bitcoin Order on MT4

Once you select the type of pending cryptocurrency order to place; then click the "Place" button as shown on the above screenshot to complete the setup.