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