Webster
04-28-2009, 09:05 AM
Hello Everyone,
Per last night's webinar here is the clear and concise definition of stop/limit
orders.
1. A Buy Limit order is an order to buy the market at a price below
the current price.
2. A Buy Stop is an order to buy the market at a price above
the current price.
The inverse is true for Sell orders.
1. A Sell Limit order is an order to sell the market at a price above
the current price.
2. A Sell Stop order is an order to sell the market at a price below
the current price.
Thats all there is to it.
To place this type of trade in Metatrader simply select Pending Order in
order type within the the trade box.
Webster
E/U
Per last night's webinar here is the clear and concise definition of stop/limit
orders.
1. A Buy Limit order is an order to buy the market at a price below
the current price.
2. A Buy Stop is an order to buy the market at a price above
the current price.
The inverse is true for Sell orders.
1. A Sell Limit order is an order to sell the market at a price above
the current price.
2. A Sell Stop order is an order to sell the market at a price below
the current price.
Thats all there is to it.
To place this type of trade in Metatrader simply select Pending Order in
order type within the the trade box.
Webster
E/U