Indices Trading Set Buy Stop Indices Trading Order and Sell Stop Indices Trading Order on MetaTrader 4 Platform?
Buy Stop Indices Trading Order and Sell Stop Indices Trading Order MetaTrader 4 Pending Indices Trading Orders
Setting Buy and Sell Stop Indices Trading Orders on MT4
Open a indices trading Chart - Right Click on the Indices Trading Chart, Select New Order, then Follow the steps below:
Step1: Select Pending order as shown below
Step2: Select Pending order Menu as Show below
Step3: Select Buy Stop Indices Trading Order or Sell Stop Indices Trading Order
Step4: Click "Place" Order
Steps to Setting Pending Indices Trading Orders on MT4
Entry Stop Orders Indices Trading Orders
These are pending stock indices orders to buy above the stock indexes trading market or to sell below the stock indexes trading market.
- Buy Stop Indices Trading Order
An order to buy at a level above the stock indexes trading market indices price.
- Sell Stop Indices Trading Order
An order to sell at a level below the stock indexes trading market indices price.
Buy Entry and Sell Entry Stock Indexes Order - Pending Indices Trading Orders
These pending stock indices orders are used by traders wanting to trade a setup like the consolidation stock indexes chart pattern but they do not want to wait and watch the indices prices all day long until there is a indices price breakout. Therefore traders will set these pending stock indices orders above and below the stock indexes price and a breakout in any of these direction will execute one of these pending stock indices orders and a buy indices trade or a sell indices trade will automatically be opened.
Buy Stop Indices Trading Order
In the examples below a buy stop indices order was placed to buy at a level above the current market indices price.
The stock indexes price then went up to hit the order, and afterwards stock indexes price continued to move upwards.
Buy Stop Indices Trading Order Pending Indices Trading Order
Setting Buy Stop Indices Trading Order in a Indices Trading Breakout - Buy Stop Indices Trading Order Pending Indices Trading Order
A Buy trade was generated from the above pending indices trading order when the stock indexes price broke a resistance line in the first example and when there was an upward breakout after a stock indices market consolidation.
Sell Stop Indices Trading Order
In the stock indexes trading example explained and illustrated below a sell stop indices order was placed to sell at a level below the current market indices price.
The stock indexes price then went down to hit the order, and afterwards the downwards move continued
Sell Stop Indices Trading Order Pending Indices Trading Order
Pending Sell Order Set in a Indices Price Breakout - Sell Stop Indices Trading Order Pending Indices Trading Order
A Sell trade was generated from the above pending sell stop indices order after support line is broken after a consolidation stock indexes chart pattern.
