How Do I in Trading Oil Set a Buy Limit Crude Oil Trade Order on MetaTrader 4 Platform?
The example explained below explains how to set a buy limit oil order in MetaTrader 4 platform.
A buy limit oil order is an order to buy oil at a better crude oil price after the crude oil price has retraced.
Setting Buy Limit Crude Oil Orders on MT4 Platform
To set up these buy limit oil orders in MetaTrader 4 software use following step by step procedure:
- Right click on oil chart
- Choose 'Trading' Option on the Menu
- Then Choose 'New' Order Option on the Pop-up widow that pops up
- Then on the trade setup pop up panel that appears (illustrated below), under the label 'Type' choose the option of "Pending Oil Order" instead of 'market execution' order
- Under the pending crude oil trading order options select the pending oil order type: For This trade choose "Buy Limit Oil Trading Order" so as to place a pending buy limit oil order & after that specify the crude oil price at which you want the buy entry limit oil trading order executed.
How Do I in Trading Oil Set a Buy Limit Crude Oil Trade Order on MetaTrader 4 Software?
