How do you put a Pending/Limit buy stop order in MT4/5? Price above is higher than stop price so order is not valid as of now but it will be valid when price is lower than limit price.
Sal
If you want to buy above the current price you use a buy stop order if you want to buy below current price you use a buy limit order
If you want a sell below the current price you use a sell stop order if you want a sell above current price you use a sell limit order.
Simple.
1 Like
but I did not mention price is “current” to what I want. I want to put a future stop order which gets activated when price reaches a specific value. point is I won’t be around to put that stop order as I might be out somewhere or sleeping!! how do I do this?
Put your mouse pointer on the price you want to use right click on chart and choose limit or stop order .?
Also set SL ant TP as well.
Do that before you go out or go to sleep
I do not think you are understanding it. here is scenario for eurusd- current price is 1.12978 at say 1:00 pm. I want to see first if price reaches 1.13561 and if it does, then I want to place sell stop order at 1.13306
but problem is I have to go out at 1:00 pm and will not be checking prices for next 5-6 hours. so, how do I put this trade in at 1:00 pm so that I can go out for river rafting with my friends and then drink some blue moon beer near the river?
Don’t think mt4 has an option to do that sorry maybe get software off MQL5 market or something .
Just go enjoy your day rafting…
1 Like
did not know about software. I have seen stop limit order in mt4 but not limit stop order. what I need is limit order which becomes stop order at limit price.
btw, can we run a script on alert in MT4/5?
Yeah you could do it like that
1 Like
but when I create an alert, I do not see option to run a script. how do we do that?
it helps definitely.
seems like I have to order new EA for putting Limit stop orders. I am highly surprised nobody created this before as there are so many forex traders using MT4/5 for years!