Indices Trading Set Buy Limit Indices Order and Sell Limit Indices Order on MetaTrader 4?

Buy Limit Indices Order and Sell Limit Indices Order MetaTrader 4 Pending Indices Orders

Pending Indices Orders on MetaTrader 4

To set up these indices pending stock indices orders on the MT4 platform, Right click on Indices Trading chart>> Select "Trading">> Then Select "New">> Then on the popup window that appears (shown below), under the label "Type" select the option of "pending" instead of "market execution">> Under the pending stock indices order options select the pending stock indices order type: for This trade select either "Buy Limit Indices Order" or "Sell Limit Indices Order" depending on whether you want to place a pending buy or sell order.

Pending Indices Orders - Setting Buy and Sell Limit Indices Orders on MT4

Limit order definition - Entry limit is an order to buy or sell a Indices Trading at a certain stock indices price which is a retracement level where stock indices price is predicted to pullback to before resuming the original Indices trend. Indices traders use them to buy or sell at better market indices price. These types of pending stock indices orders are available in most online indices trading platforms, for our example we will use the MT4 platform.

An entry pending indices order of this type can be used to buy below the stock indices trading market level (up indices trend market retracement) or sell above the stock indices trading market level (down indices trend Indices Trading market retracement).

Buy limit Order - When buying, your entry buy limit is executed when the stock indices trading market falls to your set indices price. (retraces down)

Sell limit Order - When selling, your entry sell limit is executed when the stock indices trading market rises to your set indices price. (retraces up)

Entry indices orders or pending stock indices orders are placed by indices traders when they expect stock indices price to bounce back after reaching this level.

• Entry Buy Limit Indices Orderbuy at a level below the current market level.

• Entry Sell Limit Indices Ordersell at a level above the current market level.

Buy Limit Indices Order Example

In the stock indices trading example explained and illustrated below, the buy limit indices order was placed to buy at a indices price below the current market indices price. Point B is the point at which it was set.

Limit buy order entry placed to buy below the current market indices price

The indices trend then retraced and went down to hit the buy entry limit, and afterwards stock indices price continued to move upwards in the direction of the original Indices Trading upward indices trend. When the limit buy order was hit it changed to a buy.

Indices Price hits buy limit, buy limit indices order now changes to a buy order

Sell Limit Indices Order Example

In the sell limit pending indices order example explained and illustrated below a the sell entry limit was placed to sell at a indices price above the current market indices price. This is the level for the stock indices price retracement.

Entry limit sell order placed to sell above the current market indices price

The indices trend then rallied, went up to hit the sell entry limit, and afterwards stock indices price continued to move downwards in the direction of the original Indices Trading downward trend.

Indices Price hits sell limit, sell limit indices order now changes to a sell order

When indices trading quote hit the set level the order changed to a sell, this is therefore a nice method to buy or sell at a better stock indices price after a retracement.