Entry Stop Oil Trading Orders Oil Trading Orders

These are oil orders to buy above the crude oil market or to sell below the crude oil market.

• Buy Stop Crude Oil Trading OrderAn order to buy at a level above the crude oil market oil price.

• Sell Stop Oil Trading OrderAn order to sell at a level below the crude oil market oil price.

Buy Entry and Sell Entry Oil Trading Orders

These oil orders are also known as pending oil orders. These pending oil orders are used by traders wanting to trade a set-up like consolidation crude oil chart pattern but they do not want to wait & watch the oil prices all day long until there is a oil price breakout. Therefore, oil traders will set these pending oil orders above and below crude oil price and a oil price breakout in any of these direction will execute one of these pending oil orders and a buy oil trade or a sell crude oil trade will automatically be executed and opened.

Buy Stop Crude Oil Trading Order

In the oil trading examples below a buy stop oil order was placed to buy at a level above the current market oil price.

The crude oil price then went up to hit the buy stop oil order, & afterward oil price continued to move upward.

How to Place a Pending Oil Trading Order Buy Stop Oil Order in MT4

How to Place a Pending Oil Trading Order Buy Stop Oil Order in MT4

A Buy oil trade was generated from the above order when the crude oil price broke a resistance line in the first example and when there was an upward crude oil price breakout after a market consolidation pattern.

Sell Stop Oil Order

In the crude oil trading example explained below a sell stop oil order was placed to sell at a level below the current market oil price.

The crude oil price then went down to hit the sell stop oil order, & afterward the downwards crude oil price move continued

How to Place a Pending Oil Trading Order Sell Stop Oil Order in MT4

Pending Sell Order Set in a Oil Trading Price Breakout - How to Place a Pending Oil Trading Order Sell Stop Oil Trading Order on MT4

A Sell oil trade was generated from the above sell stop oil order after support line is broken after a consolidation crude oil chart pattern.

How to differentiate between stop Crude Oil orders and limit Oil trading orders

It is easier to first of all remember one concept. The easier concept is that of Stop Oil Trading Orders are set above and below the oil price.

In the mean time Download MT4 platform and practice setting these orders on a Practice Demo Account.

How to Place a Pending Crude Oil Order on MetaTrader 4 Platform

Open a Trading Oil Trading Chart, Right Click on oil trading Chart, Select 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 Oil Trading Order or Sell Stop Oil Trading Order

Step4: Click "Place" Order

Steps to Setting These Pending Oil Orders in MT4 Software - How to Place a Pending Oil Trading Order on MT4