How Do I Set Pending Gold Orders on MetaTrader 5?
How Do I Set Pending XAUUSD Orders on MetaTrader 5?
There are 2 different types of pending orders:
These are Limit orders & Stop orders as described below:
Limit XAUUSD Orders on MetaTrader 5 XAUUSD Trading
To set up these limit gold orders on the MetaTrader 5 platform use the following procedure:
- Right click on xauusd trading 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" or "Sell Limit Gold Order" so as to place a pending limit gold order
Set Pending Gold Orders on MetaTrader 5 - Set Pending Gold Orders in MT5?
Stop XAUUSD Orders on MetaTrader 5 XAUUSD Trading
- Open a Gold Trading XAUUSD Trading Chart
- Right Click on Chart to open the Trade 'Order' Window Panel
- On the Trade Order Panel, Select Pending Gold Order as shown below
- Select Pending Order Type as Buy Stop or Sell Stop Gold Order as Shown below
- After selecting Buy Stop Gold Order or Sell Stop XAUUSD Order - Click 'Place' Order & specify the sell stop xauusd price level where the order will be opened
Interpret and Set Pending Gold Orders in MT5?
Set Pending Gold Orders in MT5