Need help with order placing on MT4

[Valkryder]

Think of it like a street. If you’re driving down the road and come to a stop sign, what do you do? You [B]stop[/B], then continue on in the same direction. This is a buy (or sell) stop. You want the price to keep going in the same direction. Which direction the trade will go is determined by whether it’s a buy or sell, and the fact that it’s a stop means you want the price to continue in the same direction.

What if you’re driving down a street and the road ends? You’ve hit the [B]limit [/B]of the street, and have to turn aound and go the other way. This is a buy (or sell) limit. You want to the price to hit a certain point, and turn around and go the other way.

Make sense? If not I’ll try to give more examples.

Thanks Phil for breaking it down “Barney Style” as my son would say. It makes perfect sense!