BUY STOP / SELL STOP

Have a question about trading? Any questions are welcome. Go ahead!

BUY STOP / SELL STOP

Postby Art » Fri Jan 08, 2010 10:58 am

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.
Art
 
Posts: 3
Joined: Fri Jan 08, 2010 10:27 am

Re: BUY STOP / SELL STOP

Postby CPTRADER » Sun Jan 10, 2010 9:35 pm

Hi Art,

This is the info about the Trailing Stop.
Attachments
Trailing Stops.jpg
User avatar
CPTRADER
 
Posts: 53
Joined: Mon Dec 14, 2009 5:29 pm

Re: BUY STOP / SELL STOP

Postby CPTRADER » Sun Jan 10, 2010 9:43 pm

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.
Attachments
Buy limit.jpg
User avatar
CPTRADER
 
Posts: 53
Joined: Mon Dec 14, 2009 5:29 pm

Re: BUY STOP / SELL STOP

Postby CPTRADER » Sun Jan 10, 2010 9:51 pm

Hope this helps!
Attachments
Price.jpg
User avatar
CPTRADER
 
Posts: 53
Joined: Mon Dec 14, 2009 5:29 pm

Re: BUY STOP / SELL STOP

Postby Art » Mon Jan 11, 2010 2:36 pm

@ CPTRADER

Thank you,

Safe and success trading.
Art
 
Posts: 3
Joined: Fri Jan 08, 2010 10:27 am


Return to Newbie questions & answers



cron