How to Place a Pending CFDs Order in MetaTrader 4 Platform

These are trade orders to buy above the market or to sell below the trading market.

• Buy Stop Order An order to buy at a point above the price.

• Sell Stop Order An order to open sell at a point below the price.

Buy Entry and Sell Entry Orders

These cfd orders are also known as pending orders. These pending orders are used by traders wanting to trade a setup like the consolidation pattern but they do not want to wait and watch the cfd prices all day long until there's a cfd price breakout. Therefore, cfd traders will set these pending orders above & below the price & a cfd price break out in any of these direction will execute one of these pending orders & a buy trade or a sell cfd trade will automatically be opened.

Buy Stop Order

In the cfd examples below a buy stop cfd order was placed to buy at a level above the current market price.

The price then went up to hit the buy stop cfd order, & afterwards price continued to move upwards.

Setting Buy Stop Order above Resistance Level - How to Place a Pending Order Buy Stop Order in MetaTrader 4 Platform

Setting Buy Stop Order in a CFD Trading Breakout - How to Place a Pending Order Buy Stop Order in MetaTrader 4 Platform

A Buy trade was generated from the above order when the price broke a resistance line in the first example & when there was an upward price break out after a market consolidation pattern.

Sell Stop Order

In the cfd example shown below a sell stop cfd order was put to sell at a level below the current market price.

The price then went down to hit the sell stop cfd order, & afterwards the downwards price move continued

Setting a Sell Stop Order Below a Support Level

Pending Sell Order Set in a Price Break out

A Sell cfd trade was generated from the above sell stop cfd order after support line is broken after a consolidation trading pattern.

How to tell the difference between stop orders & limit CFDs orders

It's easier to first of all remember one concept. The easier concept is that of Stop Orders are set above and below the cfd price.

In the mean time Download MT4 platform & practice setting these orders on a Practice Demo Account.

Setting Buy & Sell Stop Orders in MT4 Trading Platform

Open a Trading Chart, RightClick on the cfd Chart, Choose New Order, then Follow the steps below

Step1: Choose Pending order as illustrated & shown below

Step2: Choose Pending order Menu as Show below

Step3: Choose Buy Stop Order or Sell Stop Order

Step4: Click "Place" Order

Steps to Setting These Pending CFDs Orders in MT4 Platform - How to Place a Pending CFDs Order in MetaTrader 4 Platform