What is a Buy Limit Stock Indices Order in MetaTrader 4?
The example explained and illustrated below explains how to set a buy limit indices order on the MT4 platform.
A buy limit indices order is an order to buy indices at a better stock indices price after the stock indices trading market stock indices price has retraced.
Setting Buy Limit Indices Orders on MT4
To set up these buy limit indices orders on the MT4 platform use the following procedure:
- Right click on indices chart
- Select "Trading" Option on the Menu
- Then Select "New" Order Option on the Pop up widow that appears
- Then on the trade setup popup window that appears (shown below), under the label "Type" select the option of "Pending Indices Order" instead of "market execution"
- Under the pending stock indices order options select the pending stock indices order type: for This trade select "Buy Limit Indices Order" so as to place a pending buy limit indices order and after that specify the stock indices price at which you want the buy entry limit indices order executed.
How Do I in Indices Trading Set a Buy Limit Stock Indices Order on MetaTrader 4?