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