Entry Stop Indices Orders Indices Orders
These are stock indices orders to buy above the stock indices market or to sell below the stock indices trading market.
- Buy Stop Stock Indices OrderAn order to buy at a level above the stock indices trading market indices price.
- Sell Stop Indices OrderAn order to sell at a level below the stock indices trading market indices price.
Buy Entry & Sell Entry Indices Orders
These stock indices orders are also known as pending stock indices orders. These pending stock indices orders are used by traders wanting to trade a setup like the consolidation stock indices pattern but they don't want to wait & watch the stock indices prices all day long until there's a indices price breakout. Therefore, indices traders will set these pending stock indices orders above & below stock indices price & a indices price breakout in any of these direction will execute one of these pending stock indices orders & a buy indices trade or a sell index trade will automatically be opened.
Buy Stop Stock Indices Order
In the indices trading examples below a buy stop order was placed to buy at a level above the current market indices price.
The stock indices price then went up to hit the buy stop order, and afterward stock indices price continued to move upwards.
How to Place a Pending Indices Order Buy Stop Indices Order on MT4
How to Place a Pending Indices Order Buy Stop Indices Order on MT4
A Buy indices trade was generated from the above order when the stock indices price broke a resistance line in the first example and when there was an upward stock indices price break out after a market consolidation pattern.
Sell Stop 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 price then went down to hit the sell stop order, & afterward the downwards stock indices price move continued
How to Place a Pending Indices Order Sell Stop Indices Order on MT4
Pending Sell Order Set in a Indices Price Breakout - How to Place a Pending Indices Order Sell Stop Indices Order on MT4
A Sell indices trade was generated from the above sell stop order after support line is broken after a consolidation stock indices trading pattern.
How to differentiate between stop Stock Indices orders & limit Indices orders
It is easier to first of all remember one concept. The easier concept is that of Stop Indices Orders are set above and below the indices price.
In the mean time Download MT4 platform & practice setting these orders on a Practice Demo Account.
How to Place a Pending Stock Indices Order in MetaTrader 4 Platform
Open a Trading Indices Chart, Right-Click on indices Chart, Choose New Order, then Follow the steps below
Step1: Select Pending order as illustrated & 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
Steps to Setting These Pending Indices Orders on MT4 - How to Place a Pending Indices Order on MT4
