Entry Stop Bitcoin Orders Bitcoin Orders
These are bitcoin trade orders to buy above the btcusd market or to sell below the btcusd trading market.
- Buy Stop BTCUSD Order An order to open buy at a level above the btcusd trading market bitcoin trading price.
- Sell Stop Bitcoin Order An order to sell at a level that is below the btcusd trading market bitcoin trading price.
Buy Entry & Sell Entry Bitcoin Orders
These orders are also known as pending cryptocurrency orders. These pending cryptocurrency trading orders are used by traders wanting to trade a set-up like the consolidation pattern but they do not want to wait and watch the bitcoin prices all day long til there a bitcoin price breakout. Therefore, bitcoin traders will set these pending cryptocurrency orders above & below bitcoin price & a bitcoin price break out in any of these direction will open one of these pending cryptocurrency orders & a buy bitcoin trade or a sell btcusd trading will automatically be opened & executed.
Buy Stop BTCUSD Order
In the bitcoin trading examples below a buy stop bitcoin order was placed to buy at a level above the current market bitcoin trading price.
The bitcoin price then went up to hit the buy stop bitcoin order, & afterward bitcoin price continued to move upwards.
How Do I Set a Pending Bitcoin Order Buy Stop Bitcoin Order on MT4
How Do I Set a Pending Bitcoin Order Buy Stop Bitcoin Order on MT4
A Buy bitcoin trade was generated from the above order when the bitcoin price broke a resistance line in the first example & when there was an upward bitcoin price break out after a market consolidation pattern.
Sell Stop BTCUSD Order
In the trading example illustrated below a sell stop bitcoin order was put to sell at a level below the current market bitcoin trading price.
The bitcoin price then went down to hit the sell stop bitcoin order, and afterward the downwards bitcoin price move continued
How Do I Set a Pending Bitcoin Order Sell Stop Bitcoin Order on MT4
Pending Sell Order Set in a Bitcoin Price Breakout - How to Place a Pending Bitcoin Order Sell Stop Bitcoin Order in MT4
A Sell bitcoin trade was generated from the above sell stop bitcoin order after support line is broken after a consolidation bitcoin trading pattern.
How to differentiate between stop Cryptocurrency orders & limit BTCUSD orders
It's easier to first of all remember one concept. The easier concept to learn is that of Stop Bitcoin Orders are set above and below the bitcoin trading price.
In the mean time Download MT4 platform & practice setting these orders on a Practice Practice Account.
How to Place a Pending Bitcoin Order in MetaTrader 4
Open a Trading Bitcoin Chart, Right-Click on the bitcoin Chart, Choose New Order, then follow the steps below
Step1: Choose Pending order as illustrated and shown below
Step2: Choose Pending order Menu as Show below
Step3: Choose Buy Stop Bitcoin Order or Sell Stop Bitcoin Order
Step 4: Click the 'Place' Order
Steps to Setting These Pending Bitcoin Orders in MT4 - How to Place a Pending Bitcoin Order in MT4
