How Do I Set Forex Pending Orders on Meta Trader 5 Platform?

How Do You Set Forex Pending Orders in MT5 Platform?

There are two types of pending orders:

These are Limit orders and Stop orders as described below:

Limit Orders on MetaTrader 5

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

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

How Do I Set FX Pending Orders on Meta Trader 5 Platform Software?

Stop Orders on MetaTrader 5

1. Open a Forex Chart
2. RightClick on Chart to open the Trade 'Order' Window Panel
3. On the Trade Order Panel, Select Pending Order as illustrated below
4. Select Pending order Type as Buy Stop or Sell Stop as Shown below
5. After choosing Buy Stop Order or Sell Stop Order - Click the 'Place' Order and specify the sell stop price point where the order will be executed

How Do You Set Forex Pending Orders on Meta Trader 5 Software?

How Do I Set Forex Pending Orders in MT5 Platform?