How to Place a Pending Stock Order in MetaTrader 4 Software
These are stock orders to buy above the stock market or to sell below the stock market.
- Buy Stop Stock OrderAn order to buy at a level above the stocks market stock price.
- Sell Stop Stock OrderAn order to sell at a level below the stocks market stock price.
Buy Entry & Sell Entry Stock Orders
These stock orders are also known as pending stock orders. These pending stock orders are used by traders wanting to trade a set-up like the consolidation stocks pattern but they do not want to wait and watch the stock prices all day long until there's a stock price breakout. Therefore, stock traders will set these pending stock orders above & below stocks price & a stock price breakout in any of these direction will execute one of these pending stock orders & a buy stock trade or a sell stocks trade will automatically be opened.
Buy Stop Stocks Order
In the stock trading examples below a buy stop stock order was placed to buy at a level above the current market stock price.
The stocks price then went up to hit the buy stop stock order, and afterward stock price continued to move upwards.
Setting Buy Stop Stock Order above Resistance Level - How to Place a Pending Stock Order Buy Stop Stock Order in MT4 Platform
Setting Buy Stop Stock Order in a Stocks Trading Break out - How to Place a Pending Stock Order Buy Stop Stock Order in MetaTrader 4 Platform
A Buy stock trade was generated from the above order when the stocks price broke a resistance line in the first example and when there was an upward stocks price break out after a market consolidation pattern.
Sell Stop Stock Order
In the stocks trading example illustrated and explained below a sell stop stock order was placed to sell at a level below the current market stock price.
The stocks price then went down to hit the sell stop stock order, and afterward the downwards stocks price move continued
Setting a Sell Stop Stock Order Below a Support Level
Pending Sell Order Set in a Stock Price Breakout
A Sell stock trade was generated from the above sell stop stock order after support line is broken after a consolidation stock trading chart pattern.
How to differentiate between stop Stocks orders & limit Stock orders
It is easier to first of all remember one concept. The easier concept is that of Stop Stock Orders are set above and below the stock price.
In the mean time Download MT4 platform & practice setting these orders on a Practice Demo Account.
Setting Buy and Sell Stop Stocks Orders on MetaTrader 4 Platform
Open a Trading Stock Chart, Right Click on the stock trading Chart, Choose New Order, then Follow the steps below
Step1: Select Pending order as illustrated & shown below
Step2: Select Pending order Menu as Show below
Step3: Select Buy Stop Stock Order or Sell Stop Stock Order
Step4: Click "Place" Order
Steps to Setting These Pending Stock Orders in MT4 Platform - How to Place a Pending Stock Order on MT4 Platform
