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 Platform
To set these buy limit orders in MT4 platform use the following procedure:
- Right click on xauusd chart
- Select 'Trading' Option on the Menu
- Then Choose 'New' Order Option on Popup widow that appears
- Then on trade setup pop up window panel that pops up (illustrated below), under label 'Type' select the option of "Pending Gold Order" instead of 'market execution' trade order
- Under the pending xauusd order options select the pending gold order type: for This trade choose "Buy Limit Gold Order" so as to place a pending buy limit order & 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 in MT4?
