Pending to are to which will be executed if the price touches a point indicated by us, ie open pending ways to command to open a position at a certain price level. So Ketia prices touched the level that was determined automatically, we have trading positions that are open.
When you install the current order, you actually told the metatrader server "Please, if the price is so ... I open this position ... ( Buy / Sell) "
So excess of current command is that you do not need to spend less waiting time in front of the negotiation of the screen to open a position
waiting for, there are 4 types, namely :.
BUY STOP
Ordered to open BUY position at a higher price than the current price, with expectations when the stock reaches the price we set, then the graph will continue to move higher still, so that we can make a profit.
SELL sTOP
This is the opposite of Buy stop, sell stop is ordered to open a position at a price lower than Lebi current price. The hope when the graph affects the price level that we set, then the graph will continue to drag down the price. So the stop position open sale that we could produce a profit.
BUY LIMIT
This is reserved to open BUY position at a price lower than the price of the course, with expectations when the chart moves to down and touched the price we set, after which the stock reverse the upward direction. So we managed to open a buy position at a very low price.
Approximately Buy Limit is said to be "Buy If price is cheap"
SELL LIMIT
For simple, namely, ordered to open a selling position if the price reaches a certain level higher than the current price. Reasons to open a sell limit is that we believe that after the price touched the specified kia, the price will reverse the downward direction. Thus, the short positions that we message could generate a profit.
How to place a pending order is actually very similar to the open position as usual, the difference is when choosing a mode must be selected pending order.
Here are the steps to install order pending:
1. Click New Order / New Order
2. once the order form appears to open a filling current order enough Select the currency to be traded and the volume of transactions first select it.
Next, the Type column please replace the Order pending.
3. Select the current control type Types
Again the point:
* purchase limit, a message buy at a price below the current price of
* Buy stop, a message buy at a higher price than the price current
* sales limit, the current sales message at a higher price than the price of
* sales stop selling messaging at a price lower than the current price of
4. Determine the price you want to open a buy or sell position
5. in the area maturity, you can leave it blank.
6. Click the button pairs (Place), then click OK in the confirmation window that appears.
Done already how installed [order, in the meantime, you can change open waiting to set Stoploss and Take Profit
Note :.
If in the menu command you get the words "Open price you set must differ from market price by at least 10 pips" that means you are rejected because the prices waiting for the order must be a minimum of 10 pips price gap running. please reset and click PLACE return.
hope explanation of how to install pending orders can help.
This is the opinion of kimelfx
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