Below are step-by-step instructions on how to open a pending order (Buy Limit, Sell Limit, Buy Stop and Sell Stop) for PC (desktop) and mobile on both MT4 and MT5. Explanation on Pending Orders
You can read about pending order and it's explanations here:
Explanation on Pending Orders
On PC (MT4 & MT5 Desktop)
- In Meta Trader open Market Watch and right click on the instrument
- Alternatively, you can open New Order window Tools > New Order or press F9.
- In the Order Type dropdown, choose Pending Order instead of Market Execution.
- Choose type: Buy Limit, Sell Limit, Buy Stop, or Sell Stop for MT4
- In Mt5 only you will also see types Buy Stop Limit and Sell Stop Limit – Advanced combinations of stop and limit orders.
- Enter the price level where the order should trigger.
- Set the lot size.
- Optionally
- Set an expiration date/time for the order.
- Add Stop Loss & Take Profit if needed.
- Click Place (MT4) or Place Order (MT5).
- Your pending order will now appear in the Trade tab.
On Mobile (MT4 & MT5 App)
- Launch the Meta Trader app.
- Tap Quotes from the bottom menu.
- Tap the instrument you want to trade and choose New Order.
- In the Type field, select Pending Order instead of Instant Execution.
- Choose the pending order type: Buy Limit, Sell Limit, Buy Stop, Sell Stop for MT4
- In Mt5 only you will also see types Buy Stop Limit and Sell Stop Limit – Advanced combinations of stop and limit orders.
- Enter the Price, Volume, and optional Expiry, Stop Loss, and Take Profit.
- Tap Place to submit the order.
- You can view and manage pending orders under the Trade tab.