What are Pending Commodity Orders on MetaTrader 4 Platform?
Pending orders are used in commodity trading to buy or sell commodity at a different commodity price than that of the current commodity price.
There are four types of pending orders:
Buy Limit Commodity Trading Order
Buy Stop Commodity Trading Order
Sell Limit Commodities Trading Order
Sell Stop Commodity Trading Order
Traders can use the MT4 commodity order panel to choose any of these pending window panels as illustrated on MT4 order window example shown below:
A Menu of Pending Commodity Trading Orders in MetaTrader 4 Software
To Set pending commodity trading order at another commodity price, Change the execution type of the commodity order on the order trading window 'Type' option from 'Market Execution' to "Pending Commodity Order' as illustrated and shown below.
A menu list of commodity pending commodities orders will popup and show the following options.
- Buy Limit Commodity Trading Order
- Sell Limit Commodities Trading Order
- Buy Stop Commodity Trading Order
- Sell Stop Commodities Trading Order
These options for pending commodity orders are shown below:
What are Pending Commodity Orders on MetaTrader 4 Software?
To learn how to what pending commodity orders are read the tutorials:
Once you select the type of pending commodity order to set: then click 'Place' button key as shown on the above screenshot to complete the pending commodity order trade setup.
