How to Place a Pending Stock Trading Order in MetaTrader 4
These are stock orders to buy above the stocks trading market or to sell below the stocks trading market.
- Buy Stop Stock Trading Order
An order to buy at a level above the stocks trading market stock price.
- Sell Stop Stock Trading Order
An order to sell at a level below the stocks trading market stock price.
Buy Entry and Sell Entry Stock Trading Orders
These stock orders are also known as pending stock orders. These pending stock orders are used by traders wanting to trade a setup like the consolidation stocks chart pattern but they do not want to wait and watch the stock prices all day long until there is a stock price breakout. Therefore, stock traders will set these pending stock orders above and below the stocks price and a stock price breakout in any of these direction will execute one of these pending stock orders and a buy stock trade or a sell stock trade will automatically be opened.
Buy Stop Stock Trading Order
In the stock trading examples below a buy stop stock order was placed to buy at a level above the current market stock price.
The stocks price then went up to hit the buy stop stock order, and afterwards stocks price continued to move upwards.
How to Place a Pending Stock Trading Order Buy Stop Stock Trading Order on MT4
How to Place a Pending Stock Trading Order Buy Stop Stock Trading Order on MT4
A Buy stock trade was generated from the above order when the stocks price broke a resistance line in the first example and when there was an upward stocks price breakout after a market consolidation pattern.
Sell Stop Stock Trading Order
In the stocks trading example explained below a sell stop stock order was placed to sell at a level below the current market stock price.
The stocks price then went down to hit the sell stop stock order, and afterwards the downwards stocks price move continued
Setting a Sell Stop Stock Order Below a Support Level - How to Place a Pending Stock Trading Order Sell Stop Stock Trading Order on MT4
Pending Sell Order Set in a Stock Price Breakout
A Sell stock trade was generated from the above sell stop stock order after support line is broken after a consolidation stocks chart pattern.
How to differentiate between stop stock orders and limit stock trading orders
It is easier to first of all remember one concept. The easier concept is that of Stop Stock Trading Orders are set above and below the stock price.
In the mean time Download MT4 platform and practice setting these orders on a Practice Demo Account.
Setting Buy and Sell Stop Stock Trading Orders on MT4
Open a Trading Chart, Right Click on the stock trading Chart, Select New Order, then Follow the steps below
Step1: Select Pending order as shown below
Step2: Select Pending order Menu as Show below
Step3: Select Buy Stop Stock Trading Order or Sell Stop Stock Trading Order
Step4: Click "Place" Order
Steps to Setting These Pending Stock Trading Orders on MT4 - How to Place a Pending Stock Trading Order in MetaTrader 4
