What are MT4 Pending Indices Orders?

There are two types of indices pending stock indices orders:

These are Limit orders & Stop orders as described below:

Limit Stock Indices Orders on MetaTrader 4 Software

To set up these limit stock indices orders on the MT4 platform use the following procedure:

1. Right click on indices chart
2. Choose 'Trading' Option on the Menu
3. Then Choose 'New' Order Option on the Popup widow that appears
4. Then on the trade setup pop up panel that appears (illustrated below), under label 'Type' select option of "Pending Indices Order" instead of 'market execution' trade order
5. Under the pending stock indices order options select the pending stock indices order type: for This trade choose "Buy Limit Indices Order" or "Sell Limit Indices Order" so as to place a pending limit indices order

Indices Trading Set Pending Limit Indices Orders on MT4?

Stop Stock Indices Orders on MetaTrader 4 Software

1. Open a Indices Trading Indices Trading Chart
2. Right-Click on Chart to open the Trade 'Order' Window Panel
3. On the Trade Order Panel, Select Pending Indices Order as shown below
4. Choose Pending Order Type as Buy Stop or Sell Stop Stock Indices Order as Shown below
5. After selecting Buy Stop Indices Order or Sell Stop Stock Indices Order - Click 'Place' Order & specify the sell stop stock indices price level where the order will be opened

Indices Trading Set a Pending Stop Indices Order in MT4?