News

Analysis of the transaction mode of MT5's six pending orders

发布时间:2022-09-08 浏览:185


An order refers to a trading order issued by an investor to limit the price or stop the loss,

So that the trading systems MT4 and MT5 can buy or sell orders in the future according to the price preset by investors.

In the old version of MT4 trading program, there are four types of pending orders, namely:

1. Buy limit

2. Buy stop

3. Sell limit

4. Sell stop

In the new version of MT5, in addition to the above four types of pending orders, MT5 adds two new types of pending orders to optimize investors' trading strategies.

1. Buy stop limit

2. Sell stop limit

Capture JPG

The following is a detailed explanation for investors to further explain the six types of MT5 pending orders:

1.Buy Limit:

Buy limit, also known as a purchase limit order, is a purchase order with a purchase price equal to or lower than the specified purchase price in the order,

Usually, such orders are placed when the price is expected to rise after falling to a certain level.

To put it simply, buy limit is to guess the bottom order. It is to enter the market and take long when the price falls to a certain level below the current price.

2.Sell Limit:

Sell limit, also known as selling limit order, is a trading order that is sold at a price equal to or higher than the specified selling price in the order,

Usually, such orders are placed when the price is expected to rise to a certain level and then fall.

In short, sell limit is to guess the top order. It is to enter the market and short when the price rises to a certain level above the current price.

3.Buy Stop:

Buy stop, also known as buy stop loss order (buy stop loss order), is a trading order that is bought at a price equal to or higher than the specified purchase price in the order,

Usually, such orders are placed when the price is expected to continue to rise after reaching a certain level.

In short, buy stop is a follow-up order, which is to enter the market to make long when the price rises to a certain level above the current price.

4.Sell Stop:

Sell stop, also known as sell stop loss order (sell stop loss order), is a trading order that is sold at a price equal to or lower than the selling price specified in the order,

Usually, such orders are placed when the price is expected to continue to fall after reaching a certain level.

To put it simply, sell stop is a chasing down order, which means entering the market and shorting when the price falls to a certain level below the current price.

5.Buy Stop Limit:

Buy stop limit, also known as buy stop loss limit order, is a combination strategy of buy limit and buy stop,

It is also a stop loss pending order used to place buy limit orders.

In the buy stop limit pending order, as long as the future purchase price reaches the stop loss price specified in the order, the buy limit order will be issued at the price specified by the stop loss limit price, the pending order range will be set higher than the current purchase price, and the stop limit price will be set lower than the pending order range.

In short, buy stop limit is the pending order of "first rise and then fall, then go long", that is, the current price breaks through → there is a callback → hang out the buy stop limit to enter the market for long.

6.Sell Stop Limit:

Sell stop limit, also known as the sell stop loss limit order, is a stop loss pending order used to place the sell limit order.

As long as the future selling price reaches the pending order range specified in the order, the sell limit order will be issued at the price specified by the stop loss limit price,

The pending order range will be set lower than the current selling price, and the stop limit price will be set higher than the pending order range.

To put it simply, sell stop limit is the hanging order of "first fall, then rise, then empty", that is, the limit price falls below → rebound → hang out sell stop limit, enter and short.