How Do I Set Oil Trading Pending Orders on MT4 Platform?

How Do I Trade Oil Trading and Set Oil Trading Pending Orders on MT4 Platform?

There are two different types of oil trading pending orders:

These are Limit orders & Stop orders as explained below:

Limit Oil Orders on MT4 Software

To set up these limit oil orders in MetaTrader 4 platform 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 pops up
4. 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
5. Under the pending crude oil trading order options select the pending oil trading order type: For This trade choose "Buy Limit Oil Order" or "Sell Limit Oil Order" in order to set a pending limit oil trading order

How Do You Set Oil Trading Pending Orders on MT4 Software?

Stop Crude Oil Orders on MetaTrader 4 Software

1. Open a Oil Trading Oil Trading Chart
2. Right-Click on Chart to open the Trade 'Order' Window
3. On the Trade Order Panel, Choose Pending Oil Order as shown below
4. Select Pending Order Type asBuy Stop or Sell Stop Crude Oil Order as Shown below
5. After selecting Buy Stop Oil Trading Order or Sell Stop Crude Oil Trading Order - Click 'Place' Order & specify the sell stop crude oil price level where the order will be opened

How Do You Trade Oil Trading and Set Oil Trading Pending Orders on MT4 Software?

How Do You Set Oil Trading Pending Orders on MT4 Platform? - How Do I Trade Oil Trading and Set Oil Trading Pending Orders in MetaTrader 4