Indices Trading Set Buy Limit Indices Order & Sell Limit Indices Order on MetaTrader 4

Buy Limit Indices Order & Sell Limit Indices Order MetaTrader 4 Pending Indices Orders

Pending Indices Orders on MetaTrader 4

To set up these indices pending stock indices orders in MetaTrader 4 software, Right-click on Indices Trading chart>>> Select 'Trading">>> Then Select "New'>>> Then on window pop up that appears (illustrated & shown below), under label "Type" select option of "pending" instead of "market execution">>> Under the pending stock indices order options select the pending stock indices order type: for This trade choose either "Buy Limit Indices Order" or "Sell Limit Stock Indices Order" depending on whether you want to place a pending buy or sell order.

Pending Indices Orders - Setting Buy & Sell Limit Indices Orders on MetaTrader 4

Limit order definition - Entry limit is an order to buy or sell a Indices Trading at a certain stock indices price which is a retracement level where stock indices price is predicted to pull-back to before resuming the original Indices trend. Indices traders use them to buy or sell at better market price. These types of pending stock indices orders are provided for in most online indices trading softwares, for our example we will be using MT4 stock indices trading software.

An entry pending indices order of this type can be used to buy below the stock indices trading market level (up indices trend market retracement) or sell above stock indices trading market level (down indices trend Indices Trading market retracement).

Buy limit Order - When buying, your entry buy limit is executed when stock indices trading market falls to your set indices price. (retraces down)

Sell limit Order - When selling, your entry sell limit is executed when stock indices trading market rises to your set indices price. (retraces up)

Entry indices orders or pending stock indices orders are placed by indices traders when they expect stock indices price to bounce back after reaching this area.

• Entry Buy Limit Indices Orderbuy at a level below the current market level.

• Entry Sell Limit Indices Ordersell at a level above the current market level.

Buy Limit Indices Order Example

In the stock indices trading examples explained below, the buy limit order was placed to buy at a indices price below the current market indices price. Point B is point at which it was set.

Limit buy order entry placed to buy below current market indices price

The indices trend then retraced & went down to hit buy entry limit, and afterwards stock indices price continued to move upward in direction of the original Indices upwards trend. When the limit buy order was hit it changed into a buy.

Indices Price hits buy limit, buy limit order now changes to a buy order

Sell Limit Stock Indices Order Example

In the sell limit pending order examples explained below a the sell entry limit was placed to sell at a indices price above the current market indices price. This is the level for the stock indices price retracement.

Entry limit sell order placed to sell above current market indices price

The indices trend then rallied, went up to hit sell entry limit, & afterwards stock indices price continued to move downward in direction of the original Indices downward trend.

Indices Price hits sell limit, sell limit order now changes to a sell order

When indices trading quote got to the set level the trading order changed in to a sell, this is therefore a nice technique to buy or sell at a better stock indices price after a retracement move.