How Do I Interpret Pending Orders on MetaTrader 4?

How to Interpret Pending Orders on MetaTrader 4

Pending orders are used in trade to buy or sell a xauusd at a different xauusd price than that of the current xauusd price.

There are four types of pending orders:

Buy Limit Order

Buy Stop Order

Sell Limit Order

Sell Stop Order

Traders can use the MT4 order panel to select any of these pending window panels as illustrated in MetaTrader 4 order window xauusd example shown & described below:

A Menu of Pending Orders on the MetaTrader 4 Platform

To Set a pending order at another xauusd price, Change the execution type of the order on the order window 'Type' option from 'Market Execution' to "Pending Order" as pictured below.

A menu list of pending orders will pop-up and show the following specified options.

1. Buy Limit Order
2. Sell Limit Order
3. Buy Stop Order
4. Sell Stop Order

These options for pending trade orders are pictured below:

What are Pending Orders in MT4?

To learn how to what pending orders are read the courses:

Setting up Buy Limit Order & Sell Limit Order Pending Orders in MT4

Setting up Buy Stop Order & Sell Stop Order Pending Orders in MT4

Once you select the type of pending trading order to set: then tap & click the 'Place' button key as shown and illustrated on above screen shot to complete pending order trade setup.

How Do I Read Pending Orders in MT4