How to Set and change the indices order type execution from "Market Execution" to "Pending Indices Order"
First open order menu as shown below:
To get the order window on the MetaTrader 4 platform: The New order button for placing a new indices trade transaction is shown below. (Short Cut Keyboard Keys "F9")
How to Change Indices Order Types on Trading Orders Window on MT4?
Once you select the new order button as illustrated above the following indices trade order popup window will appear and as a indices trader you can use this trade order popup to change the order type execution from "Market Execution" to "Pending Indices Order".
This popup includes the settings for placing a new indices trade order as well as settings for setting Stop Loss Indices Order Level.
How to Set and change the indices order type execution from "Market Execution" to "Pending Indices Order"
A Menu of Pending Indices Orders is then displayed as shown below
To Set a pending indices order at another indices price, Change the order window "Type" option from "Market Execution" to "Pending Indices Order" as shown below.
A menu list of indices pending stock indices orders will appear and show the following options.
- Buy Limit Indices Order
- Sell Limit Indices Order
- Buy Stop Indices Order
- Sell Stop Indices Order
These options for pending stock indices orders are shown below:
Indices Trading Change Order Type from Market Order to Pending Indices Order on MT4?
To learn how to set up these indices pending stock indices orders read the articles:
Setting up Buy Limit Indices Order and Sell Limit Order Pending Indices Orders on MT4
Setting up Buy Stop Indices Order and Sell Stop Order Pending Indices Orders on MT4
Once you select the type of indices pending stock indices order to set; then click the "Place" button as shown on the above screenshot to complete the pending stock indices order trade setup.