Trading Stocks Set Buy Limit Stock Order and Sell Limit Stock Order on MT5 Platform

Stocks Trading Set Buy Limit Stock Order and Sell Limit Stock Order on MT5 Platform

Setting Buy & Sell Limit Stock Orders on MT5

To set up these stock trading pending stocks orders on the MT5 platform, Right click on Stocks Trading chart>>> Choose 'Trading'>>> Then Choose 'New'>>> Then on the pop up window that appears (illustrated below), under label 'Type' choose the option of 'pending' instead of 'market execution'>>> Under the pending stocks order options select the pending stock trading order type: For This trade select either "Buy Limit Stocks Order" or "Sell Limit Stocks Order" depending on whether you want to set a pending buy or sell order.

Stock Trading Pending Orders - Setting Buy and Sell Limit Stock Orders in MT5

Limit order definition - Pending limit stocks order is an order to buy or sell stocks at a certain stocks price which is a retracement level where stocks price is predicted to pull-back to before resuming the original Stocks trend. Traders use them to buy or sell at a better market price. These types of pending trade orders are provided for in most online stocks platforms, for our example we will use the MT5 stock platform.

An entry pending stocks order of this type can be used to buy below the stocks market level (up stock trend market retracement) or sell above the stocks market level (downwards stocks trend Stocks Trading market retracement).

Buy limit Order - When buying, your entry buy limit is executed when the stocks market falls to your set stocks price. ( retraces down )

Sell limit Order - When selling, your entry sell limit is executed when the stocks market rises to your set stocks price. ( retraces up )

Pending stocks orders are placed by traders when they expect stocks price to bounce back after reaching this level.

• Pending Buy Limit Stocks Orderbuy at a level below the current market level.

• Pending Sell Limit Stocks Ordersell at a level above the current market level.

Buy Limit Stock Order Example

In the stocks example illustrated and explained below, the buy limit order was placed to buy at a stocks price below the current market stocks price. Point Marked B is the point at which it was set.

Set Buy Limit Stock Order and Sell Limit Stock Order on MT5 Platform

The stocks trend then retraced and went down to hit the buy entry limit, & afterwards stocks price continued to move upwards in direction of the original Stocks Trading upward stock trend. When the limit buy order was hit it changed to a buy.

Set Buy Limit Stock Order and Sell Limit Stock Order on MT5 Platform

Sell Limit Stocks Order Example

In the sell limit pending order example illustrated and explained below a the sell entry limit was placed to sell at a stocks price above the current market stocks price. This is the level for the stocks price retracement.

Stocks Trading Set Buy Limit Stock Order and Sell Limit Stock Order in MetaTrader 5 Platform?

The stocks trend then rallied, went up to hit the sell entry limit, and afterwards stocks price continued to move downwards in direction of the original Stocks downward trend.

Stocks Trading Set Buy Limit Stock Order and Sell Limit Stock Order in MetaTrader 5 Platform?

When stocks quote hit the set level the order changed to a sell, this is therefore a nice technique to buy or sell at a better stocks price after a retracement.

Set Buy Limit Stock Order and Sell Limit Stock Order on MT5 Platform