Place New Order in Tools Menu on MetaTrader 5
A new order to buy or sell a trade can be found on tools menu within the MT5 Platform. Button key for placing a new trade is displayed below. (ShortCut Keyboard Keys "F9")
Placing a New BTCUSD Trading Order
As a bitcoin trader, once you select the new order button as illustrated and shown above the following popup window will appear. This pop up window includes the settings for placing a new trade order.
Following Settings are specified for setting up & placing a new order:
- Quote - Specify the instrument to be traded.
- Volume - The Number of Lots to be transacted
- Stop Loss Cryptocurrency Order - Set Stop Loss Bitcoin Order, This option can be set after opening trade, or for pending bitcoin orders
- Take Profit Cryptocurrency Order - Set Take Profit Bitcoin Order, This option can be set after opening trade, or for pending bitcoin orders
- Type: Market Execution or Pending Bitcoin Order
- Sell by Market - Open a Sell Trade
- Buy by Market - Open a 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 BTCUSD 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.
- Buy Limit Bitcoin Order
- Sell Limit Bitcoin Order
- Buy Stop BTCUSD Order
- Sell Stop BTCUSD 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 in MetaTrader 5
Setting up Buy Stop Bitcoin Order & Sell Stop Bitcoin Order in MetaTrader 5
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.
