Commodity Trading Set Buy Limit Commodity Order & Sell Limit Commodity Order on MetaTrader 4 Platform

Buy Limit Commodity Order & Sell Limit Commodity Order MetaTrader 4 Pending Commodity Trading Orders

Pending Commodity Trading Orders in MT4

To set up these pending commodity orders in MetaTrader 4 software, Right-click on Commodity Trading chart>>> Select 'Trading">>> Then Select "New'>>> Then on the window pop up that appears (illustrated and shown below), under label "Type" select option of "pending" instead of "market execution">>> Under the pending commodities trading order options select the pending commodities order type: For This trade choose and select either 'Buy Limit Commodity Trading Order' or 'Sell Limit Commodities Order' depending on whether you as a trader wants to place a pending buy or sell order.

Pending Commodity Trading Orders - Setting Buy & Sell Limit Commodity Orders on MetaTrader 4

Limit order definition - Entry limit is an order to buy or sell a Commodity Trading at a certain commodity price which is a retracement level where commodity price is predicted to pull-back to before resuming the original Commodity Trading trend. Commodity traders use them to buy or sell at better market price. These types of pending orders are provided for in most online commodity trading platforms, for our example we will be using the MT4 commodity trading platform.

An entry pending commodity trading order of this type can be used to buy below commodities trading market level (up commodity trend market retracement) or sell above the commodities trading market level (down commodity trend Commodity Trading market retracement).

Buy limit Order - When buying, your entry buy limit is executed when the commodities trading market falls to your set commodity price. ( retraces downwards )

Sell limit Order - When selling, your entry sell limit is executed when the commodities trading market rises to your set commodity price. (retraces up)

Entry commodity orders or pending commodity orders are placed by traders when they expect commodity price to bounce back after reaching this zone.

• Entry Buy Limit Commodity Trading Orderbuy at a level below the current market level.

• Entry Sell Limit Commodity Trading Ordersell at a level above the current market level.

Buy Limit Commodity Trading Order Example

In the commodities trading example illustrated and shown below, the buy limit pending order was placed to buy at a commodity price below the current market commodity price. Chart Point B is point at which it was set.

Limit buy order entry placed to buy below current market commodity price

The commodity trend then retraced & went down to hit buy entry limit, and afterwards commodity price continued to move upward in direction of the original Commodity upward trend. When limit buy order was hit it changed in to a buy.

Commodity Trading Price hits buy limit, buy limit order now changes to a buy order

Sell Limit Commodities Order Example

In the sell limit pending order example illustrated and shown below a the sell entry limit was placed to sell at a commodity price above the current market commodity price. This is the level for the commodity price retracement.

Entry limit sell order placed to sell above the current market commodity price

The commodity trend then rallied, went up to hit sell entry limit, & afterwards commodity price continued to move downward in direction of the original Commodity Trading downward trend.

Commodity Trading Price hits sell limit, sell limit order now changes to a sell order

When commodity trading quote got to the set level the trading order changed in to a sell, this is therefore a nice technique to buy or sell at a better commodity price after a retracement.