Analyze a Buy Limit Order in Indices Trade
Trade a Buy Limit Order
The illustration explained & illustrated and shown below explains how to set a buy limit order in the MT4.
A buy limit order in indices trading is an order to buy at better price after the price has retraced.
A buy limit is a pending order.
Setting Buy Limit Orders Pending Orders on MT4
To setup these buy limit orders in MT4 software use the following guide:
- RightClick on the chart
- Choose 'Trading' Option on the Trading Menu
- Then Choose 'New' Order Option on the Popup trade order window which pops up
- Then on the trade transaction setup pop-up window that shows up -shown below, under label 'Type' of order select option of Indices "Pending Order" instead of 'market execution' trading order
- Under the pending order options select the pending trading order type: for this trade select "Buy Limit " pending order so as to place a pending buy limit trading order & after which specify the price at which you want the buy limit pending trading order executed.
How to Interpret a Buy Limit Stock Order - How to Trade a Buy Limit Order?
How to Interpret a Buy Limit Stock Order - How to Trade a Buy Limit
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