Trading Oil Set a Sell Limit Crude Oil Trading Order in MT4

The example explained below explains how to set a sell limit oil order on the MT4 platform.

A sell limit oil order is an order to sell oil at a better crude oil price after the crude oil price has retraced.

Setting Sell Limit Crude Oil Orders in MT4 Software

To set up these sell limit oil orders on the MT4 software use the following step by step procedure:

1. Right click on oil trading chart
2. Choose "Trading" Option on the Menu
3. Then Choose "New" Order Option on the Pop-up widow that appears
4. Then on the trade setup pop up panel that pops up (illustrated below), under the label "Type" select option of "Pending Oil Trading Order" instead of "market execution" order
5. Under the pending crude oil trading order options select the pending oil trading order type: For This trade select "Sell Limit Oil Trading Order" so as to set a pending sell limit oil order & after that specify the crude oil price at which you want the sell entry limit oil trading order executed.

Set a Sell Limit Crude Oil Order in MT4