What's Buy Limit CFDs Order in MT4?
The example explained below explains how to set a buy limit order on MT4 software.
A buy limit order is an order to buy a cfds at a better cfd price after the cfds market price has retraced.
Setting Buy Limit CFD Orders on MT4 Software
To set these buy limit orders in the MetaTrader 4 software use the following procedure explained:
- Right click on cfds trading chart
- Choose "Trading" Option on the Menu
- Then Select "New" Order Option on the Popup widow that appears
- Then on the trade setup popup panel that pops up (illustrated below), under label "Type" select option of "Pending CFD Order" instead of "market execution" order
- Under the pending cfd order options select the pending cfd trading order type: For This trade choose 'Buy Limit CFD Order" so as to place a pending buy limit order and after that specify the cfd price at which you want the buy entry limit cfd order executed.
How Do You in Trading CFD Set a Buy Limit CFDs Order on MT4 Software?
