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 the MT4 Platform. Button for opening a new trade is shown below. (ShortCut Key board Keys 'F9')
Placing a New Bitcoin Trading Order
As a bitcoin trader, once you choose the new order button as highlighted and shown above the following pop-up panel will then appear. This popup panel includes the settings for opening a new trade order.
Following Setting are specified for setting up and placing a new order:
- Symbol - Specify the instrument to be traded.
- Volume - The Number of Lots to be transacted
- Stop Loss Order - Set StopLoss Bitcoin Order, This option can be set after opening a trade, or for pending bitcoin orders
- TP Order - Set Take Profit Bitcoin Order, This option can be set after opening a trade, or for pending bitcoin orders
- Type: Market Execution or Pending BTCUSD Order
- Sell by Market - Open Sell Trade
- Buy by Market - Open Buy Trade
To Buy at current bitcoin price hit the Buy by Market button
To Sell at current bitcoin price hit the Sell by Market button
Setting Pending Bitcoin Orders
To Set a pending trade order at another bitcoin price, Change the 'Type' option from 'Market Execution' to "Pending Bitcoin Order" as shown below.
A menu list will appear & explain the following options.
- Buy Limit Bitcoin Order
- Sell Limit BTCUSD Order
- Buy Stop Bitcoin Order
- Sell Stop BTCUSD Order
The options are depicted below:
To learn how to set-up these pending orders read 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 screenshot to complete the setup.
