Entry Stop Commodity Trading Orders
These are commodity orders to buy above the commodities market or to sell below the commodities market.
- Buy Stop Commodity Trading OrderAn order to buy at a level above commodities trading price.
- Sell Stop Commodities Trading OrderAn order to sell at a level below commodities trading price.
Buy Entry & Sell Entry Commodity Trading Orders
These commodity orders are also known as pending commodity orders. These pending commodity orders are used by commodity traders wanting to trade a setup like the consolidation commodity chart pattern but they don't want to wait & watch the commodities trading prices all day long until there's a commodities trading price breakout. Therefore, commodity traders will set these pending commodity orders above and below commodities price & a commodities trading price breakout in any of these direction will execute one of these pending commodity orders and a buy commodity trade or a sell commodity trading will automatically be opened and executed.
Buy Stop Commodity Order
In the commodity examples below a buy stop commodity order was placed to buy at a level above the current market commodities trading price.
The commodities trading price then went up to hit the buy stop commodity order, & afterward commodities trading price continued to move upward.
Setting Buy Stop Commodity Trading Order above Resistance Level - How to Place a Pending Commodity Trading Order Buy Stop Commodities Order in MetaTrader 4 Platform
Setting Buy Stop Commodities Trading Order in a Commodity Break out - How to Place a Pending Commodity Trading Order Buy Stop Commodities Order in MetaTrader 4 Platform
A Buy commodity trade was generated from the above order when the commodities trading price broke a resistance line in the first example and when there was an upward commodities price break out after a market consolidation pattern.
Sell Stop Commodities Trading Order
In the commodity example illustrated and explained below a sell stop commodity order was placed to sell at a level below the current market commodities trading price.
The commodities trading price then went down to hit the sell stop commodity order, & afterward the downwards commodities trading price move continued
Setting a Sell Stop Commodity Trading Order Below a Support Level
Pending Sell Order Set in a Commodity Trading Price Break-out
A Sell commodity trade was generated from the above sell stop commodity order after support line is broken after a consolidation commodities trading pattern.
How to differentiate between stop Commodity orders and limit Commodities orders
It is easier to first of all remember one concept. The easier concept is that of Stop Commodity Trading Orders are set above and below the commodities trading price.
In the mean time Download MetaTrader 4 platform and practice setting these orders on a Practice Demo Account.
Setting Buy & Sell Stop Commodities Orders in MT4 Platform
Open a Trading Commodity Trading Chart, Right-Click on commodity Chart, Select New Order, then Follow the steps below
Step1: Choose Pending order as shown and illustrated below
Step2: Choose Pending order Menu as Show below
Step3: Select Buy Stop Commodity Trading Order or Sell Stop Commodities Trading Order
Step4: Click 'Place' Order
Steps to Setting These Pending Commodities Orders in MT4 Software - How to Place a Pending Commodities Order on MT4 Platform
