Trading CFD Set Buy Stop CFDs Order and Sell Stop CFDs Order in MT4 Platform
How to Set Buy Stop CFDs Orders & Sell Stop CFDs Orders on MetaTrader 4 Platform
Setting Buy & Sell Stop CFDs Orders on MetaTrader 4 Platform
Open a cfd trading CFD Trading Chart - Right Click on CFD Chart, Select New Order, then Follow the steps below:
Step1: Choose Pending order as illustrated and 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 Pending CFDs Orders on MetaTrader 4 Platform
Pending CFDs Orders
These are pending cfds orders to buy above the cfds market or to sell below the cfds 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 & Sell Entry CFDs Order - CFD Pending CFD Orders
These pending cfd orders are used by cfd traders wanting to trade a set up like the consolidation cfd chart pattern but they do not want to wait and watch the cfd prices all day long until there's a cfd price break-out. Therefore traders will set these pending cfd orders above & below the cfds price & a break out in any of these direction will execute one of these pending cfd orders and a buy cfd trade or a sell cfd trade will automatically be executed and opened.
Buy Stop CFDs Order
In the 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 order, & afterwards cfds price continued to move upward.
Placing Buy Stop CFD Order above Resistance Level - Buy Stop CFD Order Pending CFD Order
Placing Buy Stop CFDs Order in a CFD Breakout - Buy Stop CFD Order Pending CFD Order
A Buy trade was generated from the above pending cfd order when the cfds price broke a resistance line in the first example & when there was an upward break out after a cfd market consolidation.
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 order, & afterwards the downward move continued
Setting a Sell Stop CFD Order Below a Support Level - Sell Stop CFD Order Pending CFD Order
Pending Sell Order Set in a CFD Price Break-out - Sell Stop CFD Order Pending CFD Order
A Sell trade was generated from the above pending sell stop cfd order after support line is broken after a consolidation cfds trading chart pattern.
