Trading Stocks Set Buy Stop Stock Order and Sell Stop Stocks Order in MetaTrader 4 Platform

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

Setting Buy & Sell Stop Stock Orders on MT4 Software

Open a stock trading Stocks Chart - Right Click on Stocks Trading Chart, Select New Stocks Order, then Follow the steps below:

Step1: Choose Pending order as shown 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 and Sell Stop Stock Order in MT4

Pending Stop Stocks Trading Orders

These are pending stocks trade orders to buy above the stocks trading market or to sell below the stocks trading market.

• Buy Stop Stock OrderAn order to buy at a level above the stocks price.

• Sell Stop Stocks OrderAn order to sell at a level below the stocks price.

Set Buy Stop Stock Order and Sell Stop Stock Order in MT4

These pending stocks orders are used by traders wanting to trade a set-up 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 and a buy stocks trade or a sell stock trading trade will automatically be opened.

Buy Stop Stock Order

In the example described & 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 upwards.

Set Buy Stop Stock Order and Sell Stop Stock Order in MT4

Stocks Trading Set Buy Stop Stock Order and Sell Stop Stock Order in MT4?

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 Stocks 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 downwards to hit the order, & afterwards the downward move continued

Stocks Trading Set Buy Stop Stock Order and Sell Stop Stock Order in MT4?

Stocks Trading Set Buy Stop Stock Order and Sell Stop Stock Order in MT4?

A Sell trade was generated from the above sell stop pending order after support line is broken after a consolidation chart pattern.

Set Buy Stop Stock Order and Sell Stop Stock Order in MT4