Trading Stocks Set Buy Limit Stock Order and Sell Limit Stocks Order in MetaTrader 4 Platform
How to Set Buy Limit Stock Orders and Sell Limit Stock Orders on MetaTrader 4
Setting Buy & Sell Limit Stock Orders on MT4 Software
To set up these stock trading pending stocks orders on the MT4 platform, Right click on Stocks chart>>> Select 'Trading'>>> Then Choose 'New'>>> Then on the pop up panel 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 set a pending buy or sell order.
Stocks Pending Stock Orders - Setting Buy and Sell Limit Stock Orders in MT4
Limit order definition - Entry limit is an order to buy or sell a 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. Stocks traders use them to buy or sell at better market price. These types of pending orders are provided for in most online stocks platforms, for our example we will use the MT4 stock platform.
An entry pending stocks order of this type can be used to buy below the stocks market level (up stocks trend market retracement) or sell above the stocks market level (down stocks trend Stocks market retracement).
Buy limit Order - When buying, your entry buy limit is executed when the stocks market falls to your set stocks price. ( retraces downward )
Sell limit Order - When selling, your entry sell limit is executed when the stocks market rises to your set stocks price. ( retraces upwards )
Entry stocks orders or pending stocks orders are placed by traders when they expect stocks price to bounce back after reaching this level.
- Entry Buy Limit Stocks Orderbuy at a level below the current market level.
- Entry Sell Limit Stocks Ordersell at a level above the current market level.
Buy Limit Stocks 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.
Limit buy order entry placed to buy below the current market stocks price
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 upward stock trend. When the limit buy order was hit it changed to a buy.
Stocks Price hits buy limit, buy limit order now changes to a buy order
Sell Limit Stock 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.
Entry limit sell order placed to sell above the current market stocks price
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 Stock downwards trend.
Stocks Price hits sell limit, sell limit order now changes to a sell order
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.
