XAUUSD Trading Set Buy Stop Gold Order & Sell Stop Gold Order on MT5

Trading XAUUSD Set Buy Stop Gold Order & Sell Stop Gold Order on MT5

Setting Buy and Sell Stop Gold Orders in MetaTrader 5 XAUUSD

Open a xauusd trading Gold Chart - Right Click on the XAUUSD Chart, Select New XAUUSD 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 XAUUSD Order or Sell Stop Gold Order

Step4: Click "Place" Order

XAUUSD Trading Set Buy Stop Gold Order & Sell Stop Gold Order in MetaTrader 5

Pending XAUUSD Orders

These are pending gold orders to buy above the gold market or to sell below the gold market.

• Buy Stop Gold OrderAn order to buy at a level above the gold price.

• Sell Stop XAUUSD OrderAn order to sell at a level below the gold price.

XAUUSD Trading Set Buy Stop Gold Order & Sell Stop Gold Order in MetaTrader 5

These pending xauusd orders are used by traders wanting to trade a setup like consolidation pattern but they don't want to wait and watch the gold prices all day long until there is a gold price break-out. Therefore xauusd traders will set these pending xauusd orders above & below the gold price & a break-out in any of these direction will execute one of these pending xauusd orders & a buy xauusd trade or a sell xauusd trade will automatically be executed & opened.

Buy Stop Gold Order

In the examples shown below a buy stop order was placed to buy at a level above current market gold price.

The gold price then went up to hit the order, & afterwards gold price continued to move upward.

XAUUSD Trading Set Buy Stop Gold Order & Sell Stop Gold Order in MetaTrader 5

Set Buy Stop Gold Order & Sell Stop Gold Order in MetaTrader 5?

A Buy trade was generated from the above pending xauusd order when the price broke a resistance line in the first example and when there was an upward break-out after a xauusd market consolidation.

Sell Stop XAUUSD Order

In the xauusd example shown below a sell stop order was placed to sell at a level below the current market gold price.

The gold price then went down to hit the order, & afterwards the downward move continued

Set Buy Stop Gold Order & Sell Stop Gold Order in MetaTrader 5?

Set Buy Stop Gold Order & Sell Stop Gold Order in MetaTrader 5?

A Sell trade was generated from the above sell stop pending order after a support line is broken after consolidation trading pattern.

Analyze and Set Buy Stop Gold Order & Sell Stop Gold Order in MetaTrader 5