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