Lab 4a: How to set Pending Order, Buy Stop and Sell Stop
Pending Order and Buy Stop.
1. Open your InstaForex and click on New Order. Choose the Type field to Pending Order. Then, choose Type in the Pending Order as Buy Stop. Click on 'up button' 'at price' to display the value of price then add the price with 50. Tick on the expiry and then Place.
2. Right-click on S/L or T/P then choose Modify or Delete Order.
3. Keep the Level Stop Loss to 60 and Take Profit to 180 like the previous lab. For Stop Loss
price- 60 while Take Profit price + 180. Then click on Modify. Then click OK.
Pending Order and Sell Stop
1. Open New Order. Choose the Type field to Pending Order. Then, choose Type in the Pending Order as Sell Stop. Click on 'up button' 'at price' to display the value of price then minus the price with 50. Tick on the expiry and then Place.
2. Right-click on the S/L or T/P to Modify or Delete Order. Set Stop Loss = price + 60 while
Take Profit= price - 180.
1. Open your InstaForex and click on New Order. Choose the Type field to Pending Order. Then, choose Type in the Pending Order as Buy Stop. Click on 'up button' 'at price' to display the value of price then add the price with 50. Tick on the expiry and then Place.
price- 60 while Take Profit price + 180. Then click on Modify. Then click OK.
Pending Order and Sell Stop
1. Open New Order. Choose the Type field to Pending Order. Then, choose Type in the Pending Order as Sell Stop. Click on 'up button' 'at price' to display the value of price then minus the price with 50. Tick on the expiry and then Place.
2. Right-click on the S/L or T/P to Modify or Delete Order. Set Stop Loss = price + 60 while
Take Profit= price - 180.
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