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How Do I Use Trading XAUUSD Sell Limit Order in MT4 Platform?

How Do I Use Sell Limit Gold Order in MT4 Platform?

The examples illustrated & described below explains how to set a sell limit order on the MetaTrader 4 software.

A sell limit order is an order to sell a xauusd at a better xauusd price after the price has retraced.

Setting Sell Limit XAUUSD Orders in MT4 Platform

To set these sell limit pending orders in MT4 software use the following procedure:

  1. Right click on xauusd trading chart
  2. Select 'Trading' Option on the Menu
  3. Then Choose 'New' Order Option on Popup widow that appears
  4. Then on trade setup pop up window panel that pops up (illustrated below), under label 'Type' select the option of "Pending Gold Order" instead of 'market execution' trade order
  5. Under the pending xauusd order options select the pending gold order type: for This trade choose "Sell Limit Gold Order" so as to set a pending sell limit order & after that specify the xauusd price at which you want the sell entry limit gold order executed.

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