What's Buy Limit on MT4? - What is Buy Limit Order on MetaTrader 4?

Buy Limit Order on MT4

What is Buy Limit on MT4? - What is Buy Limit Order on MT4?

Setting Buy Limit Orders on MetaTrader 4

To set up these buy limit Forex trading 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" so as to place a pending buy limit order & after that specify the price at which you want the buy entry limit order executed.