Trading CFD Set Buy Limit CFDs Order and Sell Limit CFDs Order in MetaTrader 4 Platform
How to Set Buy Limit CFDs Orders and Sell Limit CFDs Orders in MT4 Platform
Setting Buy & Sell Limit CFDs Orders on MT4 Software
To set up these cfd pending cfd orders in MetaTrader 4 platform, Right Click on CFD chart>>> Select "Trading">>> Then Choose "New">>> Then on the pop up window panel that pops up (illustrated below), under the label "Type" choose the option of "pending" instead of "market execution">>> Under the pending cfd order options select the pending cfd order type: For This trade select either "Buy Limit CFD Order" or "Sell Limit CFDs Order" depending on whether you want to set a pending buy or sell order.
CFD Pending CFDs Orders - Setting Buy & Sell Limit CFDs Orders in MetaTrader 4 Platform
Limit order definition - Entry limit is an order to buy or sell a CFD at a certain cfds price which is a retracement level where cfds price is predicted to pullback to before resuming the original CFD trend. CFD traders use them to buy or sell at better market cfds price. These types of pending cfd orders are provided for in most online cfd platforms, for our example we will use the MT4 cfds trading platform.
An entry pending cfd order of this type can be used to buy below the cfd market level (up cfd trend market retracement) or sell above the cfd market level (down cfd trend market retracement).
Buy limit Order - When buying, your entry buy limit is executed when the cfd market falls to your set cfds price. ( retraces down )
Sell limit Order - When selling, your entry sell limit is executed when the cfd market rises to your set cfds price. ( retraces up )
Entry cfd orders or pending cfd orders are placed by cfd traders when they expect cfds price to bounce back after reaching this level.
- Entry Buy Limit CFD Orderbuy at a level below the current market price.
- Entry Sell Limit CFD Ordersell at a level above the current market price.
Buy Limit CFDs Order Example
In the cfd example shown below, the buy limit cfd order was placed to buy at a cfd price below the current market cfds price. Point Marked B is the point at which it was set.
Limit buy order entry placed to buy below the current market cfd price
The cfd trend then retraced & went down to hit buy entry limit, & afterwards cfds price continued to move upwards in direction of the original CFD upward cfds trend. When limit buy order was hit it changed in to a buy.
CFD Price hits buy limit, buy limit cfd order now changes to a buy order
Sell Limit CFDs Order Example
In the sell limit pending cfd order example shown below a the sell entry limit was placed to sell at a cfd price above the current market cfds price. This is the level for the cfds price retracement.
Entry limit sell order placed to sell above the current market cfd price
The cfd trend then rallied, went up to hit sell entry limit, & afterwards cfds price continued to move downwards in direction of the original CFDs downward trend.
CFD Price hits sell limit, sell limit cfd order now changes to a sell order
When cfd quote hit the set level the order changed to a sell, this is therefore a nice technique to buy or sell at a better cfds price after a retracement.
