Did you find what you were looking for? Pending order is set placed for the position opening.

Trading Orders | Trailing Stop Order | Pending Order | Stop Limit Order | IFC Markets

Buy limit — to buy when the ask price gets equal to the specified value. Herewith, the current price is higher than the value of the set order. Typically, the orders of this type are set in reliance on the assumption that the instrument price, having declined to a certain level, will stop its fall and start to grow.

It is impossible to set buy limit orders above the current ask price, you have to use buy stop orders for this.

Pending Orders in Forex Trading

Buy stop — to buy when the ask price gets equal to the specified value. Herewith, the current price level is lower than the value of the set order.

Typically, the orders of this type are set in reliance on the assumption that the instrument price will overcome some level and continue to grow. It is impossible to set buy stop orders below the current ask price, you have to use buy limit orders for this.

Sell limit — to sell when the bid price gets equal to the specified value. Typically, the orders of this type are set in reliance on the assumption that the instrument price, having risen to a certain level, will stop its uptrend and start to decline.

6 MT4 Order Types (Sell Stop Buy Stop Buy Limit Sell Limit Market Order)

It is pending order types forex to set sell limit orders below the current bid price, you have to use sell stop orders for this. Sell stop — to sell when the bid price gets equal to the monthly exchange rates euro to dollar value. Herewith, the current price level is higher than the value of the set order.

Typically, the orders of this type are set in reliance on the assumption that the instrument price, having dropped to a certain level, will continue to decline.

It is impossible to set sell stop orders above the current bid price, you have to use sell limit orders for this. To set a pending order, you have how trade in stocks beginners click on the New Order window and change the order type from Immediate Execution to Pending Order.

Intermediate Guide To MetaTrader 4 - Order Types

Right after you choose the Pending Order option, some fields will appear for you to specify the order execution conditions: After setting up the required parameters, press the Set Order button to place the order with the specified execution conditions.

You can see the order you set in the Terminal field, the Trade tab.

To change the conditions of the pending order or to delete it, you have to give the order a right click and select Modify or Remove the Order in the pop-up menu. InstaForex is an Official Asian and CIS Trading Partner of Liverpool Footbal Club. Yes No Did you find what you were looking for?

Main page InstaForex broker Company news Forum traders Contacts Main page InstaForex broker Company news Forum traders Contacts. Printable version Add to Favorites Evaluation page.

Live help online Click here. Training Video What is Forex Open Demo Account. PAMM-System Deposit and Withdrawal Forex Contests Download trading terminal. Privacy policy About Instaforex Support Your broker Instaforex Partnership with InstaForex.