How to Place a Pending Stock Index Order in MT4

These are stock indices orders to buy above the stock indices market or to sell below the stock indices market.

• Buy Stop Stock Indices OrderAn order to buy at a level above the stock index price.

• Sell Stop Stock Indices OrderAn order to sell at a level below the stock index price.

Buy Entry and Sell Entry Stock Indices Orders

These stock indices orders are also known as pending stock indices orders. These pending stock indices orders are used by stock indices traders wanting to trade a setup like the consolidation stock indices chart pattern but they do not want to wait and watch the stock indices prices all day long until there is a stock indices price breakout. Therefore, stock indices traders will set these pending stock indices orders above and below the stock index price and a stock indices price breakout in any of these direction will execute one of these pending stock indices orders and a buy stock indices trade or a sell stock indices trade will automatically be opened.

Buy Stop Stock Indices Order

In the stock indices examples below a buy stop stock indices order was placed to buy at a level above the current market stock index price.

The stock index price then went up to hit the buy stop stock indices order, and afterwards stock index price continued to move upwards.

Setting Buy Stop Stock Indices Order above Resistance Level - How to Place a Pending Stock Indices Order Buy Stop Stock Index Order on MetaTrader 4

How to Place a Pending Stock Indices Order Buy Stop Stock Index Order on MetaTrader 4

A Buy stock indices trade was generated from the above order when the stock index price broke a resistance line in the first example and when there was an upward stock index price breakout after a market consolidation pattern.

Sell Stop Stock Indices Order

In the stock indices example illustrated below a sell stop stock indices order was placed to sell at a level below the current market stock index price.

The stock index price then went down to hit the sell stop stock indices order, and afterwards the downwards stock index price move continued

How to Place a Pending Stock Indices Order Sell Stop Stock Index Order on MetaTrader 4

Pending Sell Order Set in a Indices Price Breakout - How to Place a Pending Stock Indices Order Sell Stop Stock Index Order in MT4

A Sell stock indices trade was generated from the above sell stop stock indices order after support line is broken after a consolidation stock indices chart pattern.

How to differentiate between stop stock indices orders and limit stock indices orders

It is easier to first of all remember one concept. The easier concept is that of Stop Stock Indices Orders are set above and below the stock indices price.

In the mean time Download MetaTrader 4 platform and practice setting these orders on a Practice Demo Account.

How to Place a Pending Stock Index Order in MT4

Open a Trading Chart, Right Click on the stock indices Chart, Select New Order, then Follow the steps below

Step1: Select Pending order as shown below

Step2: Select Pending order Menu as Show below

Step3: Select Buy Stop Stock Indices Order or Sell Stop Stock Index Order

Step4: Click "Place" Order

Steps to Setting These Pending Stock Index Orders on MetaTrader 4 - How to Place a Pending Stock Index Order in MT4