Trading Stock Set Buy Limit Stocks Order and Sell Limit Stock Order on MetaTrader 4 Software

Stocks Trading Set Buy Limit Stock Order and Sell Limit Stock Order on MetaTrader 4

Setting Buy & Sell Limit Stocks Orders in MetaTrader 4 Software

To set up these stock trading pending stocks orders in MetaTrader 4 platform, Right click on Stocks Trading chart>>> Choose "Trading">>> Then Select "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 order type: For This trade choose and select either "Buy Limit Stocks Order" or "Sell Limit Stocks Order" depending on whether you want to place a pending buy or sell order.

Stock Trading Pending Orders - Setting Buy & Sell Limit Stock Orders on MetaTrader 4

Limit order definition - Pending limit stock 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 pullback to before resuming the original Stocks trend. Traders use them to buy or sell at better market price. These types of pending orders are available in most online stocks trading softwares, for our example we will use the MetaTrader 4 trading 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 downwards )

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

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

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

• Pending Sell Limit Stocks Trading 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. Chart Point B is point at which it was set.

Set Buy Limit Stock Order and Sell Limit Stock Order on MetaTrader 4

The stocks trend then retraced & went down to hit the buy entry limit, & afterwards stocks price continued to move upwards in direction of the original Stocks Trading upwards 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 MetaTrader 4

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 on MetaTrader 4?

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

Stocks Trading Set Buy Limit Stock Order and Sell Limit Stock Order on MetaTrader 4?

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 MetaTrader 4