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BUY STOP / SELL STOP

PostPosted: Fri Jan 08, 2010 10:58 am
by Art
Is there anyone who can make this real simple please ?

When you must set a pending order on Metatrader platform, what do you do ?

Say you want to sell at a certain price, do you set a sell stop or a buy stop ? How does that work for buying also ?

How about trailing stops ? how do you set those ?


Thanks greatly.

Re: BUY STOP / SELL STOP

PostPosted: Sun Jan 10, 2010 9:35 pm
by CPTRADER
Hi Art,

This is the info about the Trailing Stop.

Re: BUY STOP / SELL STOP

PostPosted: Sun Jan 10, 2010 9:43 pm
by CPTRADER
Also, to place a pending order all you have to do is right click on the chart and selet the first option from the menu, than select your desire order, sell limit or buy limit and after that you will have the order window where you will have the options for your SL and PT.

Re: BUY STOP / SELL STOP

PostPosted: Sun Jan 10, 2010 9:51 pm
by CPTRADER
Hope this helps!

Re: BUY STOP / SELL STOP

PostPosted: Mon Jan 11, 2010 2:36 pm
by Art
@ CPTRADER

Thank you,

Safe and success trading.