Entry Stop Silver Trading Orders Orders

These are orders to buy above the market or to sell below the market.

• Buy Stop Silver Trading Order An order to buy at a level above xagusd trading market xagusd trading price.

• Sell Stop Silver Trading Order An order to sell at a level below the trading market xagusd trading price.

Buy Entry & Sell Entry Silver Trading Orders

These orders are also known as pending orders. These pending orders are used by traders wanting to trade a set-up like consolidation xagusd pattern but they don't want to wait and watch the prices all day long until there's a xagusd trading price breakout. Therefore, silver traders will set these pending orders above and below the trading price & a xagusd trading price breakout in any of these direction will execute one of these pending orders & a buy trade or a sell silver trading will automatically be opened and executed.

Buy Stop Silver Order

In the trading examples below a buy stop silver order was placed to buy at a level above the current market xagusd price.

The xagusd trading price then went up to hit the buy stop silver order, and afterwards xagusd trading price continued to move up-wardupwards.

How to Place a Pending Trading Order Buy Stop Silver Order on MetaTrader 4

How to Place a Pending Trading Order Buy Stop Silver Order on MetaTrader 4

A Buy trade was generated from the above order when the trading price broke a resistance line in the first example and when there was an upward xagusd price break out after a market consolidation pattern.

Sell Stop Trading Order

In the trading example explained and shown below a sell stop silver order was placed to sell at a level below the current market xagusd price.

The xagusd trading price then went down to hit the sell stop silver order, and afterwards the downwards xagusd trading price move continued

How to Place a Pending Trading Order Sell Stop Silver Order on MetaTrader 4

Pending Sell Order Set in a Price Breakout - How to Place a Pending Trading Order Sell Stop Silver Order on MetaTrader 4

A Sell trade was generated from the above sell stop silver order after support line is broken after a consolidation xagusd chart pattern.

How to tell the difference between stop Silver trading orders & limit trading orders

It is easier to first of all remember one concept. The easier concept is that of Stop Silver Trading Orders are set above and below the price.

In the mean time Download MT4 platform & practice setting these orders on a Practice Demo Account.

How to Place a Pending Trading Order on MT4

Open a Trading Chart, Right-Click on the trading Chart, Choose New Order, then Follow the steps below

Step1: Choose Pending order as shown below

Step2: Select Pending order Menu as Show below

Step3: Select Buy Stop Silver Trading Order or Sell Stop Silver Trading Order

Step4: Click "Place" Order

Steps to Setting These Pending Trading Orders on MT4 Software - How to Place a Pending Order on MetaTrader 4