How Do You Use Forex Trading Sell Limit Order in MT4 Platform?
How Do You Use Forex Sell Limit Order in MT4 Platform?
The example below explains how to set a sell limit order on the MT4 platform.
A forex sell limit order is an order to sell a forex instrument at a better forex price after the market forex price has retraced.
Setting Sell Limit Orders on MT4
To set up these sell limit Forex trading orders on the MT4 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 "Sell Limit" so as to place a pending sell limit order & after which specify the forex price at which you want the sell entry limit order executed.
How Do You Use Forex Trading Sell Limit Order in MT4 Platform?
How Do You Use Forex Sell Limit Order in MT4 Platform?
