What are Forex Pending Orders on MetaTrader 4? - Forex Pending Orders MT4 Orders

Pending orders are used in forex trading to buy or sell a currency at a different price than that of the current price.

There are four types of forex pending orders:

· Buy Limit Order

· Buy Stop Forex Trading Order

· Sell Limit FX Trading Order

· Sell Stop Forex Trading Order

Forex traders can use MT4 forex order panel to choose any of these pending window as displayed in MetaTrader 4 order window example below:

A Menu of Pending Orders on the MetaTrader 4 Platform

To Set a pending forex order at another price, Change the execution type of the forex order on the order window 'Type' option from 'Market Execution' to "Pending Order" as shown below.

A menu list of forex pending orders will appear & show the following options.

1. Buy Limit
2. Sell Limit
3. Buy Stop
4. Sell Stop

These options for pending forex orders are shown below:

What are Forex Pending Orders in MT4?

To learn how to what forex pending orders are read the tutorials:

· Setting up Buy Limit and Sell Limit Forex Pending Orders in MT4

· Setting up Buy Stop and Sell Stop Forex Pending Orders in MT4

Once you select the type of forex pending order to set: then click 'Place' button key as illustrated & shown on the above screen shot to complete the pending order trade setup.