What is Sell Limit Stock Indices Order in MetaTrader 4?
The example explained below explains how to set a sell limit order on the MT4 software.
A sell limit order is an order to sell indices at a better stock indices price after the stock indices trading market stock indices price has retraced.
Setting Sell Limit Stock Indices Orders in MT4 Software
To set up these sell limit orders on MetaTrader 4 software use the following procedure:
- Right click on indices chart
- Choose "Trading" Option on the Menu
- Then Choose "New" Order Option on the Popup widow that pops up
- Then on the trade setup pop up window panel that appears (illustrated below), under label "Type" choose the option of "Pending Indices Order" instead of "market execution" order
- Under the pending stock indices order options select the pending stock indices order type: for This trade choose "Sell Limit Indices Order" so as to place a pending sell limit order & after which specify the stock indices price at which you want the sell entry limit indices order executed.
Indices Trading Set a Sell Limit Stock Indices Order in MT4
