I am wanting to place a buy limit or sell limit order 5 pips above or below price, how do i do this? i know how to put a limit order but how do i do it with the pips if you know what i mean?
A buy limit is when you are trying to place an order entry below the current market price, a buy stop is when you want to buy above the current market price.
In order to do a limit or stop trade I right click the price chart and look for trading.
How would i draw a veritical line 5 pips above or below price? how do i calculate it? is there a way? thanks