Placing a Pending Order

To place a pending order, it is necessary to open the “Order” window. This can be done by the “New Order” command of the window/tab “Orders” context menu or of the window/tab “Quotes” context menu, as well as using the “New Order” toolbar command. It is necessary to select “Pending order” in the “Type” field of this window.

Metatrader Mobile open pending orders Placing of Pending Orders

Then it is necessary to select a symbol, specify volume, and set the values for Stop Loss and/or Take Profit. If it is necessary, one can also write a comment in the field of the same name. In the fields of the “Pending order”, one has to:

  • select a type of the pending order in the “Type” field: Buy Limit, Buy Stop, Sell Limit, or Sell Stop;

  • set the level, at which the pending order must trigger, in the “at price” field;

  • set the expiry date and time for the pending order in the “Expiry” field. If the order does not trigger until this time comes, it will be deleted automatically.

    Attention: The period of pending order validity may not be less than 10 minutes!

Pressing of “Place” sends the order for execution, which is performed at two stages. After the order has been sent, the broker will place it. There will appear a line containing the number and status of the pending order in the window/tab “Orders”. At the second stage, the order will be deleted if the prices comply with the order’s condition and a trade position will be opened instead of it. This open position ticket will be the same as the pending order ticket. These changes are displayed in the window/tab “Orders”.

Attention: Stop Loss and Take Profit orders trigger only on opened positions, but not on pending orders.

Placing of Pending Orders