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 OrderAn order to buy at a level above the btcusd trading market bitcoin trading price.
- Sell Stop Bitcoin OrderAn order to sell at a level below the btcusd trading market bitcoin trading price.
Buy Entry & Sell Entry Bitcoin Orders
These cryptocurrency 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 cryptocurrency pattern but they don't want to wait and watch the bitcoin prices all day long until there's a bitcoin trading price breakout. Therefore, bitcoin traders will set these pending cryptocurrency orders above & below bitcoin trading price & a bitcoin trading price breakout in any of these direction will execute one of these pending cryptocurrency orders & a buy bitcoin trade or a sell btcusd trading will automatically be opened and 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 trading price then went up to hit the buy stop bitcoin order, & afterward bitcoin trading price continued to move upwards.
How to Place a Pending Bitcoin Order Buy Stop Bitcoin Order on MT4
How to Place a Pending Bitcoin Order Buy Stop Bitcoin Order on MT4
A Buy bitcoin trade was generated from the above order when the bitcoin trading price broke a resistance line in the first example and when there was an upward bitcoin price break out after a market consolidation pattern.
Sell Stop BTCUSD Order
In the cryptocurrency trading example illustrated below a sell stop bitcoin order was placed to sell at a level below the current market bitcoin trading price.
The bitcoin trading price then went down to hit the sell stop bitcoin order, & afterward the downwards bitcoin trading price move continued
How to Place 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 MetaTrader 4
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 is easier to first of all remember one concept. The easier concept 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 Demo 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 & shown below
Step2: Choose Pending order Menu as Show below
Step3: Select Buy Stop Bitcoin Order or Sell Stop Bitcoin Order
Step4: Click 'Place' Order
Steps to Setting These Pending Bitcoin Orders on MetaTrader 4 - How to Place a Pending Bitcoin Order in MetaTrader 4
