Entry Stop Commodity Trading Orders

These are commodity orders to buy above the market or to sell below the market.

• Buy Stop Commodity Trading Order An order to buy at a point above trading price.

• Sell Stop Trading Order An order to sell at a point below trading price.

Buy Entry & Sell Entry Commodity Trading Orders

These commodity orders are also known as pending orders. These pending orders are used by commodity traders wanting to trade a setup like the consolidation commodity chart pattern but they don't want to wait & watch the trading prices all day long until there is a trading price breakout. Therefore, traders will set these pending orders above and below price & a trading price breakout in any of these direction will open one of these pending orders and a buy commodity trade or a sell commodity trading will automatically be opened and executed.

Buy Stop Commodity Order

In the commodity examples below a buy stop commodity order was placed to buy at a level above the current market trading price.

The trading price then went up to hit the buy stop commodity order, & afterward trading price continued to move up-ward.

Setting Buy Stop Commodity Trading Order above Resistance Level - How to Place a Pending Trading Order Buy Stop Order on MetaTrader 4 Software

Setting Buy Stop Trade Order in a Commodity Break out - How to Place a Pending Trading Order Buy Stop Order on MetaTrader 4 Software

A Buy commodity trade was generated from the above order when the trading price broke a resistance line in the first example and when there was an upward price break out after a market consolidation pattern.

Sell Stop Trade Order

In the commodity example illustrated and explained below a sell stop commodity order was set to sell at a level below the current market trading price.

The trading price then went down to hit the sell stop commodity order, & afterward the downwards trading price move continued

Setting a Sell Stop Commodity Trading Order Below a Support Level

Pending Sell Order Set in a Commodity Trading Price Breakout

A Sell commodity trade was generated from the above sell stop commodity order after support line is broken after a consolidation trading pattern.

How to tell the difference between stop Commodity orders and limit orders

It is easier to first of all remember one concept. The easier concept is that of Stop Commodity Trading Orders are set above and below the trading price.

In the mean time Download MetaTrader 4 platform and practice setting these orders on a Practice Demo Account.

Setting Buy & Sell Stop Orders in MT4 Platform

Open a Trading Trading Chart, Right-Click on commodity Chart, Select New Order, then Follow the steps below

Step1: Choose Pending order as shown and illustrated below

Step2: Select Pending order Menu as Show below

Step3: Select Buy Stop Commodity Trading Order or Sell Stop Trading Order

Step4: Click 'Place' Order

Steps to Setting These Pending Orders in MT4 Software - How to Place a Pending Order on MT4 Platform