{"id":4291,"date":"2024-10-24T11:48:11","date_gmt":"2024-10-24T11:48:11","guid":{"rendered":"https:\/\/apex-aiexperts.com\/?p=4291"},"modified":"2024-10-24T11:49:28","modified_gmt":"2024-10-24T11:49:28","slug":"mt4-basics-how-to-set-orders","status":"publish","type":"post","link":"https:\/\/apex-aiexperts.com\/es\/mt4-basics-how-to-set-orders\/","title":{"rendered":"Conceptos b\u00e1sicos de MT4: c\u00f3mo establecer \u00f3rdenes"},"content":{"rendered":"

Now that you\u2019ve set up your MT4 account, it\u2019s time to learn how to use it!<\/p>\n\n\n\n

We know, we know. With so many tabs, windows, and buttons, the MT4 platform can look a little bit intimidating if it\u2019s your first time using it.<\/p>\n\n\n\n

But don\u2019t worry, it won\u2019t bite! Besides, we\u2019ll be holding your hand through the entire process and go nice and slow.<\/p>\n\n\n\n

We\u2019ll start with the basics \u2013 setting orders.<\/p>\n\n\n\n

By the time you\u2019re done with this lesson, you\u2019ll know how to:<\/p>\n\n\n\n

    \n
  1. Buy or sell via market execution<\/li>\n\n\n\n
  2. Buy or sell via pending order<\/li>\n\n\n\n
  3. Modify a trade after it has been entered<\/li>\n<\/ol>\n\n\n\n

    Are you ready? Great! Let\u2019s begin!<\/p>\n\n\n\n

    Entering a Trade via Market Execution<\/h3>\n\n\n\n
      \n
    • A dialogue box should appear. From the drop-down list, select the currency pair you want to trade.<\/li>\n\n\n\n
    • Next, select Market Execution in the Order Type drop-down list.<\/li>\n\n\n\n
    • Enter the size of the position you want to open. Keep in mind that volume, which indicates the size of your position, is expressed in terms of standard lot sizes. Remember, one standard lot is worth 100,000 units. Hence, if you wish to buy 5,000 units of a certain currency pair, you would enter \u201c0.05\u201d in the volume field.<\/li>\n\n\n\n
    • If you have any remarks or notes you would like to include about your trade, you can do so in the comment field. This is optional.<\/li>\n\n\n\n
    • Finally, determine whether to BUY or SELL the currency pair. A dialogue box will appear to confirm that your trade has been executed.<\/li>\n<\/ul>\n\n\n\n

      You may have noticed that when you choose to buy or sell a pair at market, the stop loss and take profit fields may be disabled. Don\u2019t worry!<\/p>\n\n\n\n

      These options have only been disabled to help you get in on a trade as fast as possible when price is already moving.<\/p>\n\n\n\n

      You can still specify your exit levels by modifying the trade AFTER it has been entered. We\u2019ll teach you all about editing existing orders later on.<\/p>\n\n\n\n

      Entering a Trade via Pending Order<\/h3>\n\n\n\n

      1. Click the\u00a0New Order<\/strong>\u00a0button.<\/p>\n\n\n\n

      2. From the drop-down list, select the currency pair<\/strong> you want to trade.<\/p>\n\n\n\n

      3. Next, select Pending Order<\/strong> in the Order Type dropdown list.<\/p>\n\n\n\n

      4. Determine whether you want to BUY or SELL<\/strong> the pair in the Order Type dropdown list.<\/p>\n\n\n\n

      You will be presented with 4 options:<\/p>\n\n\n\n

      Buy Limit<\/strong> \u2013 if you plan on going long at a level lower than market price<\/p>\n\n\n\n

      Sell Limit<\/strong> \u2013 if you plan on going short at a level higher than market price<\/p>\n\n\n\n

      Buy Stop<\/strong> \u2013 if you plan on going long at a level higher than market price<\/p>\n\n\n\n

      Sell Stop<\/strong> \u2013 if you plan on going short at a level lower than market price<\/p>\n\n\n\n

      5. After you have selected the type of order, punch in the precio<\/strong> at which you wish to enter the market.<\/p>\n\n\n\n

      6. Then, enter the size of the position<\/strong> you want to open in the volume field.<\/p>\n\n\n\n

      7. Fill in the stop loss and take profit<\/strong> fields.<\/p>\n\n\n\n

      8. You\u2019ll notice that by using a Pending Order, you also have the option to set an expiry date<\/strong> on your order.<\/p>\n\n\n\n

      9. Once you\u2019ve filled everything out, click the Place button<\/strong> to enter your trade. A dialogue box will appear to confirm that your trade has been executed.<\/p>\n\n\n\n

      Modifying Trades<\/h3>\n\n\n\n

      Click on the\u00a0Trade<\/strong>\u00a0tab. There, you will find all of your trades, including their entry prices, position sizes, stop losses, and profit targets.\u00a0 If you don\u2019t see the\u00a0Trade<\/strong>\u00a0tab, don\u2019t worry, it\u2019s there.\u00a0 It\u2019s just hiding.\u00a0 Go up to the menu bar at the top of the window and click on\u00a0View | Terminal<\/strong>\u00a0(or click CTRL + T on your keyboard).<\/p>\n\n\n\n

      To add\/modify stop loss or profit target:<\/p>\n\n\n\n

        \n
      • Right-click on the trade that you want to modify and select the \u201cModify or Delete Order\u201d option.<\/li>\n\n\n\n
      • Next, fill in the Stop Loss and Take Profit fields with your desired levels. When you\u2019re done, hit the Modify button.<\/li>\n\n\n\n
      • A dialogue box should appear to confirm that your trade adjustments have been executed.<\/li>\n<\/ul>\n\n\n\n

        To close an open trade:<\/p>\n\n\n\n

          \n
        • Right-click the trade you wish to close and click the \u201cClose Order\u201d option.<\/li>\n\n\n\n
        • If you want to close your entire position, select the yellow button below the Buy and Sell options.<\/li>\n\n\n\n
        • After hitting close, your profit balance should change and reflect the profit or loss you made on your recently closed trade.<\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"

          Now that you\u2019ve set up your MT4 account, it\u2019s time to learn how to use it! We know, we know. With so many tabs, windows, and buttons, the MT4 platform can look a little bit intimidating if it\u2019s your first time using it. But don\u2019t worry, it won\u2019t bite! Besides, we\u2019ll be holding your hand […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[87,82],"tags":[],"class_list":["post-4291","post","type-post","status-publish","format-standard","hentry","category-how-to-use-metatrader-4","category-undergraduate-junior"],"_links":{"self":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/4291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/comments?post=4291"}],"version-history":[{"count":2,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/4291\/revisions"}],"predecessor-version":[{"id":4294,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/posts\/4291\/revisions\/4294"}],"wp:attachment":[{"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/media?parent=4291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/categories?post=4291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/apex-aiexperts.com\/es\/wp-json\/wp\/v2\/tags?post=4291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}