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