How Do I Set Pending Orders on MT5?

How Do You Set Pending Orders on MT5?

There are two types of xauusd pending trade orders:

These are Limit orders and Stop orders as explained below:

Limit Orders on MetaTrader 5

To set up these limit orders in MT5 platform use the following procedure explained:

1. Right click on chart
2. Choose 'Trading' Option on the Menu
3. Then Choose 'New' Order Option on the Pop up widow which pops up
4. Then on the trade setup pop up panel that appears (illustrated below), under the label 'Type' select the option of "Pending Order" instead of 'market execution' order
5. Under the pending order options choose the pending order type: for This trade select "Buy Limit Order" or "Sell Limit Order" so as to set a pending limit order

How Do I Set Pending Orders in MT5

Stop Orders on MetaTrader 5

1. Open a Trading Chart
2. Right-Click on Chart to open the Trade 'Order' Window
3. On the Trade Order Panel, Choose Pending Order as shown below
4. Choose Pending Order Type as Buy Stop or Sell Stop Order as Shown below
5. After selecting Buy Stop Order or Sell Stop Order - Click 'Place' Order & specify the sell stop price point where the order will be opened

How Do I Set Pending Orders on MT5 Trading Software?

Interpret & Set Pending Orders in MT5?