How Do You Set Forex Pending Orders on MetaTrader 5 Software?
How Do You Set Forex Trading Pending Orders in MT5 Platform?
There are two types of forex pending orders:
These are Limit orders & Stop orders as described below:
Limit Orders on MT5
To set up these limit orders on the MT5 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" or "Sell Limit" so as to place a pending limit order
How Do You Set Forex Pending Orders on MetaTrader 5 Software?
Stop Orders on MT5
- Open a Forex Trading Forex Trading Chart
- Right Click on Chart to open the Trade 'Order' Window Panel
- On the Trade Order Panel, Select Pending Order as shown below
- Select Pending order Type as Buy Stop or Sell Stop as Shown below
- After selecting Buy Stop Order or Sell Stop Order - Click 'Place' Order & specify the sell stop forex price level where the order will be opened
How Do You Set Forex Pending Orders on MetaTrader 5 Software?
How Do You Set Forex Trading Pending Orders in MT5 Software?
