Trading Bitcoin Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order on MT4
Buy Stop Bitcoin Order & Sell Stop Bitcoin Order MT4 Pending Bitcoin Orders
Setting Buy & Sell Stop Bitcoin Orders in MetaTrader 4 Platform
Open a bitcoin trading Bitcoin Chart - Right Click on the Bitcoin Chart, Select New Order, then Follow the steps below:
Step1: Choose Pending order as illustrated & shown below
Step2: Choose Pending order Menu as Show below
Step3: Select Buy Stop Bitcoin Order or Sell Stop Bitcoin Order
Step4: Click "Place" Order
Steps to Setting Pending Crypto Orders on MetaTrader 4
Entry Stop Bitcoin Orders
These are pending bitcoin orders to buy above the btcusd market or to sell below the btcusd trading market.
- Buy Stop BTCUSD OrderAn order to buy at a level above the btcusd trading market bitcoin price.
- Sell Stop Bitcoin OrderAn order to sell at a level below the btcusd trading market bitcoin price.
Buy Entry and Sell Entry Cryptocurrency Order - Pending Bitcoin Orders
These pending cryptocurrency trading orders are used by traders wanting to trade a setup like consolidation cryptocurrency pattern but they do not want to wait and watch the bitcoin prices all day long until there is a bitcoin price break-out. Therefore traders will set these pending cryptocurrency orders above & below bitcoin price and a breakout in any of these direction will execute one of these pending cryptocurrency orders & a buy bitcoin trade or a sell btcusd trade will automatically be opened.
Buy Stop BTCUSD Order
In the examples below a buy stop bitcoin order was placed to buy at a level above the current market bitcoin price.
The bitcoin price then went up to hit the order, & afterwards bitcoin price continued to move upward.
Buy Stop Bitcoin Order Pending Bitcoin Order
Placing Buy Stop Bitcoin Order in a Bitcoin Trading Breakout - Buy Stop Bitcoin Order Pending Bitcoin Order
A Buy trade was generated from the above pending bitcoin order when the bitcoin price broke a resistance line in the first example & when there was an upward break out after a cryptocurrency market consolidation.
Sell Stop Bitcoin Order
In the cryptocurrency trading example illustrated below a sell stop bitcoin order was placed to sell at a level below the current market bitcoin price.
The bitcoin trading price then went down to hit the order, & afterwards the downward move continued
Sell Stop Bitcoin Order Pending Bitcoin Order
Pending Sell Order Set in a Bitcoin Price Break-out - Sell Stop Bitcoin Order Pending Bitcoin Order
A Sell trade was generated from the above pending sell stop bitcoin order after support line is broken after a consolidation bitcoin trading chart pattern.
