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


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


Pending Indices Trading Orders on MetaTrader 4

To set up these indices pending stock indices orders on the MT4 stock indexes trading 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 indexes trading order options select the pending stock indices order type: For This trade select either "Buy Limit Indices Trading Order" or "Sell Limit Indices Trading Order" depending on whether you want to place a pending buy or sell order.

Pending Indices Trading Orders

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



Limit order definition - Entry limit is an order to buy or sell a Indices Trading at a certain stock indexes price which is a retracement level where stock indexes 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 stock indexes trading platform.


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


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


Sell limit Order - When selling, your entry sell limit is executed when the stock indexes 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 indexes price to bounce back after reaching this level.

  • Entry Buy Limit Indices Trading Order
    buy at a level below the current market level.
  • Entry Sell Limit Indices Trading Order
    sell at a level above the current market level.


Buy Limit Indices Trading Order Example

In the stock indexes 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

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 indexes 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

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



Sell Limit Indices Trading Order Example

In the sell limit pending indices trading 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 indexes price retracement.

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

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 indexes 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

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 indexes price after a retracement.

 

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