Placing/Modifying/Closing trades/orders via MT4 WebTrader

Placing a trade in MT4

Trades are placed in MT4 via the Market Watch window, or by using the ‘New Order’ button in the Toolbar. You can open the Order window and modify trades by double-clicking, or right-clicking, on the instrument in the Market Watch window.

When you are in the Order window, you can modify your order details from the order volume (lot size) and set a Stop Loss or Take Profit.

Please note: If a Stop Loss or Take Profit is set too close to the current price, a notification message “Invalid S/L or T/P” will be shown.

The ‘Symbol’ field in the Order window allows you to change the instrument you are trading, using a drop-down list. On the left is the corresponding tick chart displaying the prices in real-time. There is also a comments field that allows you to add a comment when placing the trade.

Placing a pending order

Click on ‘New Order’ at the top of the MT4 platform, then check that the order type is "Pending Order".

For more tips, please refer to our MT4 Video Tutorials.  

Modify a pending order

To modify a Pending Order, either right-click or double-click the Pending Order and select ‘Modify or Delete Order.’ You will now be able to change the Entry Price, Stop Loss, and Take Profit levels.

For a detailed guide on how to place, modify, and close orders, please watch the video below.

How do I set a Stop Loss or Take Profit?

The Stop Loss and Take Profit level can be selected when opening a trade.

In the main trading terminal, go to the ‘Trade’ tab, right-click on the trade, then click ‘Modify or Delete Order.’ Next, input the Stop Loss or Take Profit price, and click ‘Modify.’

To remove a Stop Loss or Take Profit, choose to modify the trade, then update the Stop Loss or Take Profit price to “0”.

For more tips, please refer to our MT4 Video Tutorials.