How Do You Interpret Pending Gold Orders on MetaTrader 4?
How to Interpret Pending XAUUSD Orders on MetaTrader 4
Pending gold orders are used in gold trading 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:
Traders can use the MT4 gold order panel to choose any of these pending window panels as illustrated in MetaTrader 4 order window xauusd trading example illustrated and explained below:
A Menu of Pending XAUUSD Orders on the MetaTrader 4 Platform
To Set a pending gold order at another xauusd price, Change the execution type of the gold order on the xauusd order window panel 'Type' option from 'Market Execution' to "Pending Gold Order" as shown below.
A menu list of pending gold orders will pop-up & show the following specified options.
- Buy Limit Gold Order
- Sell Limit Gold Order
- Buy Stop Gold Order
- Sell Stop Gold Order
These options for pending xauusd trading orders are shown below:
What are Pending Gold Orders in MT4?
To learn how to what pending gold orders are read the tutorials:
Setting up Buy Limit Gold Order & Sell Limit Gold Order Pending Orders in MT4
Setting up Buy Stop Gold Order and Sell Stop Gold Order Pending Orders in MT4
Once you select the type of pending xauusd trading order to set: then tap & click the 'Place' button key as shown and illustrated on above screen shot to complete pending gold order trade setup.
How Do I Read Pending Gold Orders in MT4
