How Do You in Trading XAUUSD Set a Buy Limit Gold Order in MetaTrader 4?
The example shown below explains how to set a buy limit order in MetaTrader 4 software.
A buy limit order is an order to buy a gold at a better price after the gold market price has retraced.
Setting Buy Limit Gold Orders in MetaTrader 4 Software
To set up these buy limit pending orders in the MetaTrader 4 software use the following procedure explained:
- Right click on xauusd chart
- Choose "Trading" Option on the Menu
- Then Select "New" Order Option on the Popup widow that pops up
- Then on the trade setup popup panel that appears (illustrated below), under the label "Type" choose the option of "Pending XAUUSD Order" instead of "market execution" order
- Under the pending xauusd order options select the pending xauusd order type: for This trade choose "Buy Limit XAUUSD Order" so as to place a pending buy limit order and after that specify the gold price at which you want the buy entry limit xauusd order executed.
Setting Buy Limit Gold Orders in MT4 - How Do You in Trading XAUUSD Set a Buy Limit Gold Order in MetaTrader 4?
