Bitcoin Trading Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order on MT5
How Do I Trade Bitcoin and Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order on MT5?
Setting Buy & Sell Stop Bitcoin Orders in MetaTrader 5 Bitcoin Trading
Open a bitcoin trading Bitcoin Chart - Right Click on the Bitcoin Chart, Select New Bitcoin 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
Bitcoin Trading Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order in MetaTrader 5?
Pending Stop BTCUSD Orders Bitcoin Orders
These are pending 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.
Bitcoin Trading Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order in MetaTrader 5?
These pending cryptocurrency trading orders are used by traders wanting to trade a setup like consolidation cryptocurrency pattern but they do not want to wait and watch the bitcoin prices all day long until there is a bitcoin trading price break-out. Therefore bitcoin traders will set these pending cryptocurrency orders above & below bitcoin trading price and a break-out 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 & executed.
Buy Stop BTCUSD Order
In the 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 order, & afterwards bitcoin trading price continued to move upwards.
Bitcoin Trading Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order in MetaTrader 5?
How Do You Trade Bitcoin and Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order in MetaTrader 5?
A Buy trade was generated from the above pending bitcoin order when the bitcoin trading price broke a resistance line in the first example & when there was an upward break out after a bitcoin market consolidation.
Sell Stop Bitcoin 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 downwards to hit the order, & afterwards the downward move continued
How Do You Trade Bitcoin and Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order in MetaTrader 5?
How Do You Trade Bitcoin and Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order in MetaTrader 5?
A Sell trade was generated from the above pending sell stop bitcoin order after support line is broken after a consolidation bitcoin trading pattern.
Interpret and Set Buy Stop Bitcoin Order & Sell Stop Bitcoin Order in MetaTrader 5?
