What are Pending Gold Orders on MT4?
Pending orders are used in gold trading to buy or sell gold at a different xauusd price than that of the current xauusd price.
There are four types of gold pending xauusd trade orders:
Traders can use the MT4 gold order panel to choose any of these pending window panels as illustrated in MetaTrader 4 order window example illustrated and explained below:
A Menu of Pending XAUUSD Orders in the MetaTrader 4 Platform
To Set a pending gold order at another xauusd price, Change the execution type of the gold order on the order window 'Type' option from 'Market Execution' to "Pending Gold Order" as shown below.
A menu list of pending gold trading orders will appear & show the following options.
- Buy Limit Gold Order
- Sell Limit Gold Order
- Buy Stop Gold Order
- Sell Stop Gold Order
These options for pending xauusd trade orders are shown below:
What are Pending Gold Orders on MT4?
To learn how to what pending gold orders are read the tutorials:
Setting up Buy Limit Gold Order & Sell Limit Gold Order Pending Orders in MetaTrader 4
Setting up Buy Stop Gold Order and Sell Stop Gold Order Pending Orders in MetaTrader 4
Once you select the type of gold pending xauusd order to set: then click the 'Place' button key as shown and illustrated on above screen shot to complete pending gold order trade setup.
