How Do You Use Sell Limit Order in MetaTrader 4 Software?
How Do You Use Sell Limit Order in MT4 Software?
The example below explains how to set a sell limit order in MT4 platform.
A forex sell limit order is an order to sell a instrument at better price after the price has retraced.
Placing Sell Limit Orders on MetaTrader 4
To set up these sell limit orders in MT4 use the following procedure:
- Right click on chart
- Choose 'Trading' Option on the Menu
- Then Select 'New' Order Option on Popup widow that appears
- Then on trade setup popup window that pops up (illustrated 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 select "Sell Limit" so as to place a pending sell limit order & after which specify the price that you want the sell entry limit order executed.
How Do You Use Sell Limit Order on MT4 Software?
How Do You Use Sell Limit Order in MT4 Software?
