Bitcoin Trading Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order on MetaTrader 4
How Do I Trade Bitcoin and Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order on MetaTrader 4?
Setting Buy & Sell Stop Bitcoin Orders in MT4 Platform
Open a bitcoin trading Bitcoin Trading Chart - Right-Click on the Bitcoin Chart, Select New Bitcoin 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
Bitcoin Trading Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order on MetaTrader 4?
Pending Stop BTCUSD Orders Bitcoin Orders
These are pending bitcoin trade 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.
Bitcoin Trading Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order on MetaTrader 4?
These pending cryptocurrency trading orders are used by traders wanting to trade a set-up like the consolidation cryptocurrency pattern but they don't want to wait and watch the bitcoin prices all day long until there's a bitcoin price breakout. Therefore bitcoin traders will set these pending cryptocurrency orders above & below bitcoin price & a break out 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.
Bitcoin Trading Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order on MetaTrader 4?
How Do You Trade Bitcoin and Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order on MetaTrader 4?
A Buy trade was generated from the above pending bitcoin order when the bitcoin price broke a resistance line in the first example and when there was an upward break out after a bitcoin 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 price then went downwards to hit the order, & afterward the downwards move continued
How Do You Trade Bitcoin and Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order on MetaTrader 4?
How Do You Trade Bitcoin and Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order on MetaTrader 4?
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.
Analyze and Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order on MetaTrader 4?
