Entry Stop Bitcoin Orders Bitcoin Orders
These are trade orders to buy above the bitcoin crypto market or to sell below the bitcoin trading market.
- Buy Stop BTC/USD Crypto Order An order to open buy position at a price above the btcusd trading market bitcoin price.
- Sell Stop Bitcoin Crypto Currency Order An order to sell at a level that is below the btcusd trading market bitcoin trading price.
Buy Entry & Sell Entry Bitcoin Orders
These orders are also known as pending cryptocurrency orders. These pending cryptocurrency trading orders are used by the BTCUSD traders who want to trade a setup like the consolidation pattern but they don't want to wait and watch the bitcoin prices all day long til there a bitcoin price breakout. Therefore, bitcoin traders will set these pending cryptocurrency orders above & below bitcoin price & a bitcoin price break out in any of the directions will open one of these pending cryptocurrency orders & a buy bitcoin trade or a sell btcusd trading will automatically be opened and executed.
Buy Stop BTC/USD Crypto Order
In the bitcoin trading examples below a buy stop bitcoin order was put to open buy at a price level above current market bitcoin trading price.
The bitcoin price then went up to hit the buy stop bitcoin order, & afterwards the btcusd crypto price continued to move upwards.
How Do You Place a Pending Bitcoin Order Buy Stop Crypto Order on the MetaTrader 4
How Do I Set a Pending Bitcoin Order Buy Stop Bitcoin Order on MT4 Software Platform
A Buy bitcoin trade was derived/generated from the above order when the bitcoin price broke a resistance line in the first illustration and when there was an upward bitcoin price breakout after a market consolidation trade pattern.
Sell Stop BTC/USD Crypto Order
In the trading example shown below a sell stop btcusd order was put to sell at a price level below current market bitcoin price.
The bitcoin price then went down to hit the sell stop bitcoin order, & afterwards the the downwards bitcoin price move continued
How Do You Place a Pending Bitcoin Order Sell Stop Bitcoin Order on MetaTrader 4 Platform
Pending Sell Order Set in a Bitcoin Price Breakout - How to Place a Pending Bitcoin Order Sell Stop Bitcoin Order on the MT4 Platform
A Sell bitcoin trade was derived/generated from the above sell stop bitcoin order after the support line is broken after a consolidation bitcoin trading pattern.
How to differentiate between stop CryptoCurrency orders & limit BTCUSD orders
It's easier to first remember one concept. The easier concept to learn is that of Stop Bitcoin Orders are set above and below the bitcoin trading price.
In the mean time Download MT4 platform and practice setting these orders on a practice demo account.
How to Place a Pending Order in MT4 Software Platform
Open a Trading Bitcoin Crypto Currency Chart, RightClick in the bitcoin Chart, Choose New Order, then follow the steps shown below
Step1: Choose Pending order like as shown and displayed below
Step2: Choose Pending order Menu as Show below
Step3: Choose Buy Stop Bitcoin Order or Sell Stop Bitcoin Order
Step 4: Click 'Place' Order
Steps to Setting These Pending Bitcoin Orders in MT4 Platform - How to Set a Pending Bitcoin Order in the MT4
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