What are MT4 Pending Oil Trading Orders?

There are two different types of oil pending oil 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 software use following step by step procedure:

1. Right click on oil 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 order type: For This trade choose "Buy Limit Oil Order" or "Sell Limit Crude Oil Order" in order to set a pending limit oil trading order

Set Pending Limit Oil Orders on MetaTrader 4 Software?

Stop Oil Orders on MetaTrader 4 Platform

1. Open a Oil Trading Crude 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 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

Set a Pending Stop Oil Trade Order on MetaTrader 4 Software?