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