Commodity Trading Set Buy Limit Commodities Order & Sell Limit Commodities Order in MetaTrader 4 Software

How to Set Buy Limit Commodities Trading Orders & Sell Limit Commodities Orders in MT4 Software

Setting Buy & Sell Limit Commodities Trading Orders on MT4 Software

To set up these commodities trading pending commodity orders on MetaTrader 4 platform, Right-click on Commodities chart>>> Choose 'Trading'>>> Then Choose 'New'>>> Then on the popup panel that appears (illustrated below), under label 'Type' choose the option of 'pending' instead of 'market execution'>>> Under the pending commodity order options select the pending commodity order type: For This trade select either "Buy Limit Commodity Trading Order" or "Sell Limit Commodities Order" depending on whether you as a trader want to place a pending buy or sell order.

Commodities Pending Commodities Orders - Setting Buy and Sell Limit Commodities Trading Orders on MT4 Platform

Limit order definition - Entry limit is an order to buy or sell a Commodities at a certain commodities trading price which is a retracement level where commodities trading price is predicted to pull back to before resuming the original Commodities trend. Commodities traders use them to buy or sell at better market commodities trading price. These types of pending commodity orders are provided for in most online commodity platforms, for our example we will use the MT4 commodities trading platform.

An entry pending commodity order of this type can be used to buy below the commodity market level (up commodity trend market retracement) or sell above commodity market level (down commodity trend Commodities market retracement).

Buy limit Order - When buying, your entry buy limit is executed when the commodity market falls to your set commodities trading price. ( price retraces down )

Sell limit Order - When selling, your entry sell limit is executed when the commodity market rises to your set commodities price. ( price retraces up )

Entry commodity orders or pending commodity orders are placed by commodity traders when they expect commodities trading price to bounce back after reaching this zone.

• Entry Buy Limit Commodity Trading Orderbuy at a level below the current market level.

• Entry Sell Limit Commodity Trading Ordersell at a level above the current market level.

Buy Limit Commodity Order Example

In the commodity example illustrated and explained below, the buy limit commodity order was placed to buy at a commodities trading price below the current market commodities trading price. Point B is point at which it was set.

Limit buy order entry placed to buy below the current market commodities trading price

The commodity trend then retraced and went down to hit the buy entry limit, & afterwards commodities trading price continued to move upwards in direction of the original Commodities upward commodities trend. When the limit buy order was hit it changed to a buy.

Commodities Price hits buy limit, buy limit commodity order now changes to a buy order

Sell Limit Commodities Trading Order Example

In the sell limit pending commodity order example illustrated and explained below a the sell entry limit was placed to sell at a commodities trading price above the current market commodities trading price. This is the level for the commodities trading price retracement.

Entry limit sell order placed to sell above the current market commodities trading price

The commodity trend then rallied, went up to hit the sell entry limit, and afterwards commodities trading price continued to move downwards in direction of the original Commodity downwards trend.

Commodities Price hits sell limit, sell limit commodity order now changes to a sell order

When commodity quote hit the set level the order changed to a sell, this is therefore a nice method to buy or sell at a better commodities price after a price retracement.