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