Trade Bitcoin Trading

How to Place New BTCUSD Trade Order in Tools Menu on MT4 Platform

A new trading order to buy or sell a trade can be found on tools menu within MT4 Platform. Button for opening a new trade is shown below. (Short Cut key-board Keys 'F9')

How to Place New Order in Tools Menu in MT4 - MT4 BTCUSD Platform Open New BTCUSD Order in Tools Menu

Placing a New Bitcoin Trading Order

As a btcusd crypto trader, once you choose the new trade order button as high-lighted and illustrated above the following pop-up panel window will then appear. This pop-up panel includes the settings for placing a new trade order.

Placing a New Market Order Setup Window on MT4 - MT4 BTCUSD Platform Open New BTCUSD Order in Tools Menu

Following Setting are specified for setting up and placing a new order:

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

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

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

Setting Pending BTCUSD Crypto Orders

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

A menu list will appear & explain the following options.

  1. Buy Limit Bitcoin Crypto Currency Order
  2. Sell Limit Bitcoin Crypto Order
  3. Buy Stop Bitcoin Crypto Order
  4. Sell Stop BTCUSD Crypto Currency Order

The options are depicted below:

Setting Pending Orders Window for Buy and Sell Entry and Limit Orders

To learn how to setup these pending orders study the articles:

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

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

Once you choose the type of pending bitcoin trade order to place: then select and click the 'Place' button as shown on the above screen-shot to complete the setup.

Learn More Lessons & Tutorials:

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