How Do You Set Forex Pending Orders in MT4 Software?

How Do You Set Forex Trading Pending Orders on MetaTrader 4 Platform?

There are two types of forex pending orders:

These are Limit orders & Stop orders as described below:

Limit Orders on MT4

To set up these limit orders in MetaTrader 4 platform use the following procedure:

1. Right click on chart
2. Select "Trading" Option on the Menu
3. Then Choose "New" Order Option on the Popup widow that pops up
4. 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
5. 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 in MT4 Software?

Stop Orders on MT4

1. Open a Forex Trading FX Trading Chart
2. Right-Click on Chart to open the Trade "Order" Window
3. On the Trade Order Panel, Choose Pending Order as shown below
4. Select Pending order Type as Buy Stop or Sell Stop as Shown below
5. 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 Trading Pending Orders in MetaTrader 4 Software?

How Do You Set Forex Trading Pending Orders on MetaTrader 4 Software?