We already saw how to use the Standard Deviation Channel on  Metatrader 4, but if you’re new, check out that article by clicking HERE. Today, we will learn how to place Orders on MT4.

The first step is to have open Metatrader 4. After navigating to the ‘Terminal’ window (as shown below) we will click on the ‘Trade‘ tab

Placing an order on MT4

While there we can right-click on the empty space to bring up a menu (shown below). Alternatively, we can press F9 to open the ‘New Order‘ option right away.

Placing an order on meta trader 4

Once opened, you should have the following window pop up.

Placing a new order on MT4

Symbol: The pair on which we will put the Market Order.

Volume: The size of the lot. A lot equals 100,000 units of the pair meant to be sold or bought. 0.1 lots equal 10,000 units.

Stop Loss: The value on which our order will be closed in a loss situation.

Take Profit: The value on which our order will close in case of a profit situation.

Comment: Comments about the order.

Type: The kind of order. Instant Execution demands the order to be executed immediately. Pending Order is only executed when a certain market value is matched.

When buying, click on the blue BUY button.

If selling, click on the red SELL button.

The two shown values indicate the BID value or the selling value and the ASK or buying value.

Get some more tips, or learn more about Tradeview by checking out our YouTube Page.

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