Trading Stocks Set Buy Stop Stock Order & Sell Stop Stock Order in MetaTrader 5 Platform
Stocks Trading Set Buy Stop Stock Order & Sell Stop Stock Order in MetaTrader 5 Platform
Setting Buy & Sell Stop Stock Orders in MetaTrader 5 Stocks
Open a stock trading Stocks Chart - Right Click on the Stocks Trading Chart, Select New Stocks Order, then Follow the steps below:
Step1: Choose Pending order as illustrated below
Step2: Choose Pending order Menu as Show below
Step3: Select Buy Stop Stocks Order or Sell Stop Stock Order
Step4: Click "Place" Order
Set Buy Stop Stock Order & Sell Stop Stock Order in MetaTrader 5 Platform
Pending Stop Stock Trading Orders
These are pending stocks orders to buy above the stocks market or to sell below the stocks market.
- Buy Stop Stocks OrderAn order to buy at a level above the stocks price.
- Sell Stop Stock OrderAn order to sell at a level below the stocks price.
Set Buy Stop Stock Order & Sell Stop Stock Order in MetaTrader 5 Platform
These pending stocks orders are used by traders wanting to trade a setup like consolidation chart pattern but they do not want to wait & watch the stocks prices all day long until there is a stocks price break-out. Therefore stocks traders will set these pending stocks orders above & below the stocks price and a breakout in any of these direction will execute one of these pending stocks orders & a buy stocks trade or a sell stock trade will automatically be executed & opened.
Buy Stop Stocks Order
In the example explained & shown below a buy stop order was placed to buy at a level above the current market stocks price.
The stocks price then went up to hit the order, & afterwards stocks price continued to move upward.
Set Buy Stop Stock Order & Sell Stop Stock Order in MetaTrader 5 Platform
Stocks Trading Set Buy Stop Stock Order & Sell Stop Stock Order on MT5 Platform?
A Buy trade was generated from the above pending stocks trading order when the price broke a resistance line in the first example & when there was an upward break out after a stocks market consolidation.
Sell Stop Stock Order
In the stocks example illustrated and explained below a sell stop order was placed to sell at a level below the current market stocks price.
The stocks price then went down to hit the order, & afterwards the downward move continued
Stocks Trading Set Buy Stop Stock Order & Sell Stop Stock Order on MT5 Platform?
Stocks Trading Set Buy Stop Stock Order & Sell Stop Stock Order on MT5 Platform?
A Sell trade was generated from the above sell stop order after support line is broken after consolidation chart pattern.
Set Buy Stop Stock Order & Sell Stop Stock Order in MetaTrader 5 Platform
