Oil Trading Set Buy Stop Oil Trading Order & Sell Stop Oil Trading Order in MT4

How Do You Trade Oil Trading & Set Buy Stop Oil Trading Order & Sell Stop Oil Order on MetaTrader 4 Platform?

Setting Buy & Sell Stop Oil Orders on MetaTrader 4 Platform

Open a oil trading Oil Trading Chart - Right Click on Oil Trading Chart, Select New Oil Order, then Follow the steps below:

Step1: Choose Pending order as shown below

Step2: Choose Pending order Menu as Show below

Step3: Select Buy Stop Oil Trading Order or Sell Stop Oil Trading Order

Step4: Click "Place" Order

Oil Trading Set Buy Stop Oil Trading Order & Sell Stop Oil Order on MetaTrader 4 Software?

Pending Stop Crude Oil Trading Orders Oil Trading Orders

These are pending oil trade orders to buy above the crude oil trading market or to sell below crude oil trading market.

• Buy Stop Crude Oil Trading OrderAn order to buy at a level above the crude oil market oil price.

• Sell Stop Oil Trading OrderAn order to sell at a level below the crude oil market oil price.

Oil Trading Set Buy Stop Oil Trading Order & Sell Stop Oil Order on MetaTrader 4 Software?

These pending oil orders are used by traders wanting to trade a set-up like consolidation crude oil chart pattern but they do not want to wait & watch the oil prices all day long until there is a oil price break-out. Therefore oil traders will set these pending oil orders above and below crude oil price & a break-out in any of these direction will execute one of these pending oil orders and a buy oil trade or a sell crude oil trading trade will automatically be opened.

Buy Stop Crude Oil Trading Order

In the example below a buy stop oil order was placed to buy at a level above the current market oil price.

The crude oil price then went up to hit the order, & afterward oil price continued to move upwards.

Oil Trading Set Buy Stop Oil Trading Order & Sell Stop Oil Order on MetaTrader 4 Software?

How Do I Trade Oil Trading & Set Buy Stop Oil Trading Order & Sell Stop Oil Order on MetaTrader 4 Software?

A Buy trade was generated from the above pending oil order when the crude oil price broke a resistance line in the first examples & when there was an upwards break out after a oil market consolidation.

Sell Stop Oil Order

In the crude oil trading example explained below a sell stop oil order was placed to sell at a level below the current market oil price.

The oil price then went downward to hit the order, and afterward the downward move continued

How Do I Trade Oil Trading & Set Buy Stop Oil Trading Order & Sell Stop Oil Order on MetaTrader 4 Software?

How Do I Trade Oil Trading & Set Buy Stop Oil Trading Order & Sell Stop Oil Order on MetaTrader 4 Software?

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

How Do I Trade Oil Trading & Set Buy Stop Oil Trading Order & Sell Stop Oil Order in MT4