This is another helpful tip for FX1 students. They also don’t teach this during the class (at least for my class). They want us to “learn to trade manually” first. I think it is more of “learn pattern recognition” more than “learn to trade”. Without this pending order feature, I would have given up long ago. I mean, I am not the type who can sit in front of the computer for long hours to wait for the “pattern to appear”.

Here’s how:

1. Hit “F9″ to enter an order
2. Instead of using “Instant Execution” order type, use the dropdown box to change to “Pending Order”
   
3. From there, to enter a pending sell order, choose “Sell Limit” to enter a pending buy order, choose “Buy Limit”
4. Enter the price that you wish to buy/sell at. You can also choose to enter your “Stop Loss” and “Take Profit” prices now. If not, you can always modify the order later to enter them.
   
5. To modify an order, right-click on your order (under the “Trade” tab from the “Terminal”) and choose “Modify or Delete Order”

The next difficult part is understanding about why buy pending orders don’t get filled when the price that was set is hit?

If you find this post or this blog is helpful to you in any way...do consider buying jmot a kopi (aka coffee)!