I read in the BabyPips tutorial, (and I hope I understood right) that if there is a descending triangle I can open a new entry (short) under the slope and open another new entry (long) above the neckline. Looking at the metatrader4, I couldn’t find a way to give a future forex order to open a short in a lower rate than the current rate, I can only open a short in an upper rate than the current rate. How can I do it? Did I missunderstand the lesson?
Open your new order pop-up, it will show instant execution,
this needs to be changed to pending order from the drop-down.
Remember though that a pending order must be 10 pips away
from the price as it stands. ie You cannot set a pending order
within 10 pips of the current price.
Also have a read through this.