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