What is Buy Limit Order in MetaTrader 4?
The examples explained below explains how to set a buy limit order in Meta Trader 4 platform.
A buy limit order is an order to buy indices at a better trading price after the market trading price has retraced.
Setting Buy Limit Orders in Meta Trader 4 Software
To set up these buy limit orders in MetaTrader 4 platform use the following procedure:
- Right click on chart
- Choose 'Trading' Option on the Menu
- Then Choose 'New' Order Option on the Popup widow that appears
- Then on the trade setup pop up panel that appears (illustrated below), under label 'Type' select option of "Pending Order" instead of 'market execution' trade order
- Under the pending order options select the pending order type: for This trade select "Buy Limit Order" so as to set a pending buy limit order & after which specify the price at which you want the buy entry limit order executed.
How Do I in Indices Trading Set a Buy Limit Order on Meta Trader 4?
What's a Trade Plan? - Written Plan Example Template
Alternatives: Automated EA Trading or Copy and Paste Signals
