100. How to Place A Pending Entry Order in the Forex Market
August 24th, 2010
clk.atdmt.com A lesson on how to place a Pending Entry order in the forex market. For active forex traders.
Related Blogs
- BW Financial Advice » Blog Archive » Tips for New Forex Traders
- 11 Common Mistakes of Forex Traders — Forex Beginner Guide
- 10KTo1mm Trading Formula Course Reviews
- Forex Strategies Revealed Of Pro Traders: Which Online Strategy Trading System? | Financial Newsline
- Japan Forex Market Hours – Japanese Candlestick Patterns | RoFx.Net
admin Categories: Finance Beginner Guide, Bw, Currency, day, daytrading, Demo, entry, Finance, Financial Advice, forex, forex market, forex traders, forextrading, fx, investing, Japan, Japanese Candlestick Patterns, Newsline, order, stockmarket, trade, trading
Hi Dave,
Thank you so much for the very educative lessons that you post for all to learn. They really are very explanatory and well rounded.
I do, however, have a question: I tried placing a pending entry order on an MT4 platform last week. However, the stop loss was executed before the Stop buy order was activated. Resultantly,it was a no trade and I missed out on a profitable trade. What do you think I missed out?
Thank you very much.
Hi Boademakinde, Thanks for the comment am glad you like the videos. When placing the above orders did you place the stoploss in the same pending order window as you placed the pending buy order? Also what do you mean when you say it was a no trade? Best Regards, Dave
Hi Dave,
Yes, I placed the stop loss in the same pending order window as the pending buy order. And by saying no trade, I meant I lost the opportunity to participate in that particular trade.
P.S. I have been taking the lessons on your site; and I recommend them to anyone reading these posts.
Hi Boademakinde, Sorry for the delay in reply I was having some issues with youtube which have now been resolved. I am not super familiar with metatrader but it sounds to me like the pending buy order executed instead of the stop and canceled the stop which was tied to the open position. I would double check that with the broker however as they can probably tell you better than I can how to avoid that on that particular platform in the future. Thanks so much for the recs as well. Dave
is there anyway I can place like a stop on an entry order? So that if you are away and your analysis turns out wrong, the platform automatically cancels the pending entry order?
glad to hear from you. There is no way to have a pending entry order on the FXCM Platform automatically cancel, but as per the above video you can put a stop on the pending entry order which will automatically take you out of a trade if your entry level is hit and the market moves against you. Best Regards, Dave
Hi Dave, your videos are great resources for me. I currently have an fxcm micro trading practice account platform. I can’t see anywhere how to put a stop or limit order on my pending ? Can you help me ? Thanks