{"id":504,"date":"2018-09-19T17:00:09","date_gmt":"2018-09-19T08:00:09","guid":{"rendered":"http:\/\/new.is6.com\/info\/?p=504"},"modified":"2024-12-27T17:24:42","modified_gmt":"2024-12-27T08:24:42","slug":"20180713-5","status":"publish","type":"post","link":"https:\/\/is6.com\/info\/en\/manual\/20180713-5\/","title":{"rendered":"[PC Version] Chapter 7: Let&#8217;s Try Trading with MetaTrader 4"},"content":{"rendered":"<h2>Watch the video to see how to trade<\/h2>\n<h4>Windows PC<\/h4>\n<div class=\"youtube\">\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/GexBG0WJ1K0?si=upl1BWY47XGbGvRo\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<h4>MacOS<\/h4>\n<div class=\"youtube\">\n<iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/DbJk_0DNxdg?si=5_bR8Ji0ifvH4gey\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<h2>Introduction to Order Methods in MetaTrader 4<\/h2>\n<p>MetaTrader 4 supports various order methods, including standard &#8220;market orders&#8221; and &#8220;pending orders&#8221; among others.<br \/>\nThere are mainly four ways to place a new order.<\/p>\n<h3>(1) Placing an Order via the Toolbar&#8217;s New Order Button<\/h3>\n<p>By clicking the &#8220;New Order&#8221; button, the &#8220;Order Placement&#8221; window will open.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-1.jpg\" alt=\"Placing an Order via the Toolbar's New Order Button\" width=\"877\" height=\"304\" class=\"alignnone size-full wp-image-7719 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-1.jpg 877w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-1-300x104.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-1-768x266.jpg 768w\" sizes=\"auto, (max-width: 877px) 100vw, 877px\" \/><\/p>\n<h3>(2) Placing an Order from the Trading Chart<\/h3>\n<p>Right-click on the trading chart, select &#8220;New Order&#8221; from the &#8220;Order Placement&#8221; menu.<br \/>\nThe &#8220;New Order&#8221; window will open.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-2.jpg\" alt=\"Placing an Order from the Trading Chart:\" width=\"975\" height=\"534\" class=\"alignnone size-full wp-image-7720 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-2.jpg 975w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-2-300x164.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-2-768x421.jpg 768w\" sizes=\"auto, (max-width: 975px) 100vw, 975px\" \/><\/p>\n<h3>(3) Placing an Order from the Market Watch<\/h3>\n<p>Right-click on the market watch and select &#8220;New Order&#8221;.<br \/>\nThe &#8220;New Order&#8221; window will open.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-3.jpg\" alt=\"Placing an Order from the Market Watch\" width=\"962\" height=\"588\" class=\"alignnone size-full wp-image-7721 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-3.jpg 962w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-3-300x183.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-3-768x469.jpg 768w\" sizes=\"auto, (max-width: 962px) 100vw, 962px\" \/><\/p>\n<h3>(4) Placing an Order via One Click Trading<\/h3>\n<p>Click the \u25bc in the currency pair information at the top of the chart, or right-click to select One Click Trading.<br \/>\nClick SELL or BUY; the One Click Trading disclaimer will be displayed.<br \/>\nCheck the &#8220;I agree to these terms&#8221; box and click the &#8220;OK&#8221; button.<br \/>\nFrom the next time, you can place new orders with one click.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-4.jpg\" alt=\"Placing an Order via One Click Trading\" width=\"902\" height=\"436\" class=\"alignnone size-full wp-image-7722 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-4.jpg 902w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-4-300x145.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-4-768x371.jpg 768w\" sizes=\"auto, (max-width: 902px) 100vw, 902px\" \/><\/p>\n<div class=\"caution\">\n\u203bNote: One Click Trading orders are market orders and are executed immediately after clicking.<br \/>\n\u203bNote: One-click settlement is not available.\n<\/div>\n<h2>New Order<\/h2>\n<h3>(1) Market Order<\/h3>\n<p>A market order allows for immediate buying or selling at the current market rate provided in real time.<\/p>\n<p><strong>\u25a0Market Order<\/strong><\/p>\n<p>&#8211; Currency Pair:<br \/>\nConfirm the currency pair you wish to trade.<\/p>\n<p>&#8211; Volume:<br \/>\n&#8212; 0.01 Lot = 1,000 currency units<br \/>\n&#8212; 0.1 Lot = 10,000 currency units<br \/>\n&#8212; 1.00 Lot = 100,000 currency units<br \/>\n&#8212; Note: For standard and professional accounts. For micro accounts, 1.00 Lot equals 1,000 currency units.<\/p>\n<p>&#8211; Comment:<br \/>\nEnter a comment to record the reason for the trade, if desired.<\/p>\n<p>&#8211; Order Type:<br \/>\nEnsure &#8220;Market Order&#8221; is selected.<\/p>\n<h3>(2) Selecting Currency Pair and Volume<\/h3>\n<p>When you select the chart of the currency pair to be ordered and press the &#8220;New Order&#8221; button, the &#8220;Order Placement&#8221; window will pop up in the center of the screen.<\/p>\n<p>&#8211; Currency Pair:<br \/>\nThe selected currency pair is usually displayed.<br \/>\nYou can select other currency pairs from the dropdown menu by clicking the \u25bc button on the right.\t\t<\/p>\n<p>&#8211; Volume:<br \/>\nClick the \u25bc button on the right to display preset volumes, which you can select from or enter a specific volume directly into the volume window.<\/p>\n<p>\u203bNote: In MetaTrader 4, 1.00 Lot equals 100,000 currency units, and 0.1 Lot equals 10,000 currency units. Be careful not to make mistakes in trade volume.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-5.jpg\" alt=\"Currency Pairs and Volumes\" width=\"914\" height=\"525\" class=\"alignnone size-full wp-image-7723 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-5.jpg 914w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-5-300x172.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-5-768x441.jpg 768w\" sizes=\"auto, (max-width: 914px) 100vw, 914px\" \/><\/p>\n<h3>(3) Placing a Market Sell or Buy Order<\/h3>\n<p>Confirm the volume and press the red &#8220;Sell by Market&#8221; button for selling, or the blue &#8220;Buy by Market&#8221; button for buying.<\/p>\n<p>\u203bNote: This order is for a standard account, trading the AUDCAD currency pair at 1.00 Lot (100,000 currency units).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-6.jpg\" alt=\"\" width=\"754\" height=\"381\" class=\"alignnone size-full wp-image-7724 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-6.jpg 754w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-6-300x152.jpg 300w\" sizes=\"auto, (max-width: 754px) 100vw, 754px\" \/><\/p>\n<h3>(4) Confirming the Order Placed<\/h3>\n<p>Once the order is placed, a confirmation screen will be displayed; press the &#8220;OK&#8221; button to close the window.<\/p>\n<p>\u203bNote: If you want to print the order processing, be sure to print it.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-7.jpg\" alt=\"Order confirmation screen\" width=\"754\" height=\"382\" class=\"alignnone size-full wp-image-7732 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-7.jpg 754w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-7-300x152.jpg 300w\" sizes=\"auto, (max-width: 754px) 100vw, 754px\" \/><\/p>\n<h3>(5) Checking the Position<\/h3>\n<p>Select the &#8220;Trade&#8221; tab from the terminal window at the bottom to check the ordered position.<\/p>\n<p>\u203bNote: This order is for a standard account, trading the AUDCAD currency pair at 1.00 Lot (100,000 currency units).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-8.jpg\" alt=\"Position Check\" width=\"1466\" height=\"992\" class=\"alignnone size-full wp-image-7725 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-8.jpg 1466w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-8-300x203.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-8-1024x693.jpg 1024w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-8-768x520.jpg 768w\" sizes=\"auto, (max-width: 1466px) 100vw, 1466px\" \/><\/p>\n<h2>How to Select New Limit and Stop Orders<\/h2>\n<h3>(1) Selecting Order Type<\/h3>\n<p>Press the New Order button to display the &#8220;Order Placement&#8221; window.<br \/>\nAfter checking the currency pair and volume, click the \u25bc button on the order type.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-9.jpg\" alt=\"\" width=\"754\" height=\"381\" class=\"alignnone size-full wp-image-7726 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-9.jpg 754w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-9-300x152.jpg 300w\" sizes=\"auto, (max-width: 754px) 100vw, 754px\" \/><\/p>\n<h3>(2) Limit or Stop (New Order)<\/h3>\n<p>After clicking the \u25bc button, select &#8220;Limit or Stop (New Order).&#8221;<\/p>\n<p>Note: It is usually set to &#8220;Market Order.&#8221;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-10.jpg\" alt=\"Limit or Stop Order\" width=\"753\" height=\"380\" class=\"alignnone size-full wp-image-7727 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-10.jpg 753w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-10-300x151.jpg 300w\" sizes=\"auto, (max-width: 753px) 100vw, 753px\" \/><\/p>\n<h3>(3) Setting the Limit Order<\/h3>\n<p>Select a limit order from the order type options.<br \/>\nEnter the SL price in the stop-loss (S\/L) field and the TP price in the take-profit (T\/P) field.<\/p>\n<p><strong>\u25a0Order Types:<\/strong><\/p>\n<p>&#8211; Buy Limit (Limit Buy)<br \/>\n&#8211; Sell Limit (Limit Sell)<br \/>\n&#8211; Buy Stop (Stop Buy)<br \/>\n&#8211; Sell Stop (Stop Sell)<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-11.jpg\" alt=\"Setting Limit Orders\" width=\"752\" height=\"380\" class=\"alignnone size-full wp-image-7728 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-11.jpg 752w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-11-300x152.jpg 300w\" sizes=\"auto, (max-width: 752px) 100vw, 752px\" \/><\/p>\n<h3>(4) About IFDOCO Orders<\/h3>\n<p>Enter the price (100.000), stop-loss (S\/L) (99.000), and take-profit (T\/P) (102.000).<br \/>\nThe If Done order (IFD) method will place a new order at 100.000, and if triggered, an OCO order (SL at 99.000, TP at 102.000) will be placed simultaneously.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-12.jpg\" alt=\"IFDOCO Orders\" width=\"755\" height=\"380\" class=\"alignnone size-full wp-image-7729 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-12.jpg 755w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-12-300x151.jpg 300w\" sizes=\"auto, (max-width: 755px) 100vw, 755px\" \/><\/p>\n<h3>(5) Confirming the Order Placed<\/h3>\n<p>After confirming the order details and price input, press the order button.<br \/>\nA confirmation screen will be displayed; press the &#8220;OK&#8221; button to close the window.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-13.jpg\" alt=\"Confirming the Traded Order\" width=\"753\" height=\"380\" class=\"alignnone size-full wp-image-7730 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-13.jpg 753w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-13-300x151.jpg 300w\" sizes=\"auto, (max-width: 753px) 100vw, 753px\" \/><\/p>\n<h3>(6) Checking the Position<\/h3>\n<p>Select the &#8220;Trade&#8221; tab from the terminal window at the bottom to check the ordered position.<\/p>\n<p>\u203bThis order is for a standard account, trading the AUDCAD currency pair at 1.00 Lot (100,000 currency units) with a new order at 100.000, SL at 99.000, and TP at 102.000.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-14.jpg\" alt=\"Position Check\" width=\"971\" height=\"192\" class=\"alignnone size-full wp-image-7731 img_box\" srcset=\"https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-14.jpg 971w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-14-300x59.jpg 300w, https:\/\/is6.com\/info\/wp-content\/uploads\/2018\/09\/7-14-768x152.jpg 768w\" sizes=\"auto, (max-width: 971px) 100vw, 971px\" \/><\/p>\n<p>\u203bTo place only an IFD order, do not enter a value for take-profit and press the send button.<\/p>\n<p><strong>Example of IFD Order:<\/strong><br \/>\n&#8211; Limit Order: 101.00<br \/>\n&#8211; Stop Loss: 100.00<br \/>\n&#8211; Take Profit: 0.000<\/p>\n<p><a class=\"btn tc\" href=\"https:\/\/is6.com\/info\/en\/manual\/20180713-6\/\">[PC Version] Chapter 8: Closing Orders<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watch the video to see how to trade Windows PC MacOS Introduction to Order Methods in MetaTrader 4 MetaTrader 4 supports various order methods, including standard &#8220;market orders&#8221; and &#8220;pending orders&#8221; among others. There are mainly four ways to place a new order. (1) Placing an Order via the Toolbar&#8217;s New Order Button By clicking [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":380,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_locale":"en_US","_original_post":"368","footnotes":""},"categories":[11,3],"tags":[],"class_list":["post-504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pc","category-manual","en-US"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/posts\/504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/comments?post=504"}],"version-history":[{"count":12,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/posts\/504\/revisions"}],"predecessor-version":[{"id":9033,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/posts\/504\/revisions\/9033"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/media\/380"}],"wp:attachment":[{"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/media?parent=504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/categories?post=504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/is6.com\/info\/wp-json\/wp\/v2\/tags?post=504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}