What are Pending Oil Trading Orders?
Pending orders are used in oil trading to buy or sell oil at a different crude oil price than that of the current oil price.
There are four types of oil pending oil orders:
Buy Stop Crude Oil Trading Order
Sell Stop Crude Oil Trading Order
Traders can use MetaTrader 4 oil order panel to select any of these pending window panels as shown on the MT4 order window example explained below:
A Menu of Pending Oil Trading Orders in MetaTrader 4 Platform
To Set pending oil trading order at another oil price, Change the execution type of the oil order on the order trading window panel 'Type' option from 'Market Execution' to "Pending Oil Trading Order" as shown below.
A menu list of oil pending oil orders will appear & show the following options.
- Buy Limit Oil Trading Order
- Sell Limit Oil Trading Order
- Buy Stop Crude Oil Trading Order
- Sell Stop Oil Trading Order
These options for pending oil orders are shown below:
What are Pending Oil Orders on MT4 Software?
To learn how to what oil pending oil orders are read the tutorials:
Setting up Buy Limit Oil Order & Sell Limit Order Pending Oil Trading Orders on MT4
Setting up Buy Stop Oil Trade Order & Sell Stop Order Pending Oil Trading Orders on MT4
Once you select the type of oil pending oil order to set: then click 'Place' button key as shown and illustrated on above screen-shot to complete the pending oil order trade setup.
