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