What are MT4 Pending Orders? - What are MT4 Pending Forex Orders?

There are two types of forex pending orders:

These are Limit orders & Stop orders as described below:

Limit Orders on MetaTrader 4

To set up these limit orders on MT4 platform use the following procedure:

1. Right click on chart
2. Select 'Trading' Option on the Menu
3. Then Choose 'New' Order Option on Popup widow that appears
4. 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'
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

Setting Limit Orders on MetaTrader 4 - How Do I Set Pending Limit Orders on MT4?

Stop Orders on MetaTrader 4

1. Open a Forex Trading FX Trading Chart
2. Right Click on Chart to open the Trade 'Order' Window Panel
3. On the Trade Order Panel, Select 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 price level where the order will be opened

Steps to Setting Stop Orders on MetaTrader 4 - How Do I Set a Pending Stop Order on MT4?