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