MetaTrader 4 provides four distinct methods to open an order window for placing trades. The platform offers multiple access points to accommodate different trading workflows and preferences.
How do I open the order window?
How do I open the order window?
Choose any of these methods:
Method 1: Market Watch window
Double-click any instrument (e.g., EUR/USD)
Method 2: Toolbar
Click the New Order button
Method 3: Chart menu
Right-click on a chart and select New Order
Method 4: Keyboard
Press F9
How do I set up my trade?
How do I set up my trade?
Select your instrument
Step 1 - Check the Symbol box shows your desired instrument
Step 2 - Change it if needed using the dropdown
Set your trade size
Step 1 - Click the Volume box
Step 2 - Either:
Select from the dropdown options
Type your desired value directly
Minimum trade sizes:
CFD accounts: 0.01
Spread bet accounts: 0.1
Add comments (optional)
Use the Comments box to add notes that help identify your trades.
What order types can I use?
What order types can I use?
Instant execution (default)
Executes your order at the current market price.
Pending orders
Sets a future price to open your trade. Choose between:
Stop orders
Limit orders
How do I execute my trade?
How do I execute my trade?
Click either:
Buy button (for long positions)
Sell button (for short positions)
Your order executes immediately.
How do I monitor my trades?
How do I monitor my trades?
Step 1 - Open the Terminal window
Step 2 - Click the Trade tab
Here you'll see:
All active trades
Unique deal ID for each order
Order types indicated by color:
Red = Sell orders
Blue = Buy orders
How do I close a trade?
How do I close a trade?
Option 1: Double-click method
Step 1 - Double-click the order ticket number
Step 2 - Click the Close button
Option 2: Right-click method
Step 1 - Right-click the order in Terminal window
Step 2 - Select Close Order
Key points
Each order receives a unique deal ID
Orders execute at current market prices (instant execution)
You can add multiple pending orders
All trades appear instantly in your Terminal window