Entry Stop Commodity Trading Orders Orders
These are commodity orders to buy above the commodity market or to sell below the commodity market.
- Buy Stop Commodity Trading OrderAn order to buy at a level above the commodities price.
- Sell Stop Commodity Trading OrderAn order to sell at a level below the commodities price.
Buy Entry and 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 do not want to wait and watch the commodity prices all day long until there is a commodity price breakout. Therefore, commodity traders will set these pending commodity orders above and below the commodities price and a commodity price breakout in any of these direction will execute one of these pending commodity orders and a buy commodity trade or a sell commodity trade will automatically be opened.
Buy Stop Commodity Trading Order
In the commodity examples below a buy stop commodity order was placed to buy at a level above the current market commodities price.
The commodities price then went up to hit the buy stop commodity order, and afterwards commodities price continued to move upwards.
Setting Buy Stop Commodity Trading Order above Resistance Level - How to Place a Pending Commodity Trading Order Buy Stop Commodities Trading Order on MetaTrader 4 Commodities Trading Software
Setting Buy Stop Commodities Trading Order in a Commodity Trading Breakout - How to Place a Pending Commodity Trading Order Buy Stop Commodities Trading Order on MetaTrader 4 Commodity Trading Software
A Buy commodity trade was generated from the above order when the commodities price broke a resistance line in the first example and when there was an upward commodities price breakout after a market consolidation pattern.
Sell Stop Commodity 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 price.
The commodities price then went down to hit the sell stop commodity order, and afterwards the downwards commodities price move continued
Setting a Sell Stop Commodity Trading Order Below a Support Level
Pending Sell Order Set in a Commodity Trading Price Breakout
A Sell commodity trade was generated from the above sell stop commodity order after support line is broken after a consolidation commodity chart pattern.
How to differentiate between stop commodity orders and limit commodity 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 commodity price.
In the mean time Download MetaTrader 4 platform and practice setting these orders on a Practice Demo Account.
Setting Buy and Sell Stop Commodities Trading Orders on MT4 Commodity Trading Software
Open a Trading Chart, Right Click on the commodity Chart, Select New Order, then Follow the steps below
Step1: Select Pending order as shown below
Step2: Select 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 Trading Orders on MT4 Commodity Trading Platform - How to Place a Pending Commodities Trading Order in MetaTrader 4 Commodity Trading Software
