How Do I Set a Buy Limit XAUUSD Order on MetaTrader 4?
The example illustrated and explained below explains how to set a buy limit order on the MT4 platform.
A buy limit order is an order to buy gold at a better xauusd price after the price has retraced.
Setting Buy Limit XAUUSD Orders in MT4 Gold Trading Platform
To set up these buy limit orders on the MT4 platform use the following procedure:
- Right click on xauusd chart
- Select "Trading" Option on the Menu
- Then Select "New" Order Option on the Pop up widow that appears
- Then on the trade setup popup window that appears (shown below), under the label "Type" select the option of "Pending Gold Order" instead of "market execution"
- Under the pending xauusd order options select the pending gold order type: for This trade select "Buy Limit Gold Order" so as to place a pending buy limit order and after that specify the xauusd price at which you want the buy entry limit gold order executed.
Setting Buy Limit Gold Orders on MT4 - How Do I in Trading Gold Set a Buy Limit XAUUSD Order on MetaTrader 4?
