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 illustrated below:

Limit Orders on MetaTrader 5

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

1. Right Click on the chart
2. Select 'Trading' Option on the Menu
3. Then Choose 'New' Order Option on Popup window 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 pending order

How Do I Set FX Pending Orders on MetaTrader 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 Order Panel, Select Pending Order as illustrated below
4. Choose Pending order Type as Buy Stop or Sell Stop as Shown below
5. After selecting Buy StopOrder or Sell Stop- Click 'Place' Order and specify the sell stop price point where the trade order will be executed

How Do You Set Forex Pending Orders on MetaTrader 5 Software?

How Do I Set Forex Pending Orders in MT5 Platform?

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