What are MT4 Pending Indices Orders?

There are two types of indices pending stock indices orders:

These are Limit orders and Stop orders as explained below:

Limit Indices Orders on MT4

To set up these limit stock indices orders on the MT4 platform use the following procedure:

1. Right click on indices chart
2. Select "Trading" Option on the Menu
3. Then Select "New" Order Option on the Pop up widow that appears
4. Then on the trade setup popup window that appears (shown below), under the label "Type" select the option of "Pending Indices Order" instead of "market execution"
5. Under the pending stock indices order options select the pending stock indices order type: for This trade select "Buy Limit Indices Order" or "Sell Limit Indices Order" so as to place a pending limit indices order

Indices Trading Set Pending Limit Indices Orders on MetaTrader 4?

Stop Indices Orders on MT4

1. Open a Indices Trading Chart
2. Right Click on the Chart to open the Trade "Order" Window
3. On the Trade Order Window, Select Pending Indices Order as shown below
4. Select Pending order Type as Buy Stop or Sell Stop Indices Order as Shown below
5. After selecting Buy Stop Indices Order or Sell Stop Stock Indices Order - Click "Place" Order and specify the sell stop stock indices price level where the order will be opened

Indices Trading Set a Pending Stop Indices Order on MetaTrader 4?