How to use limit orders and stop orders in MT4 when you’re unsure? [We clearly explain the differences between entry and exit (settlement) orders]
Here comes a sudden question!
The current USD/JPY price is 100 yen (assumed).
If it drops by 1 yen (100 pips) and then rebounds,I want to enter a buy (long) at 99 yenthinking...
Limit Orderand Stop-Loss (Stop), which order should I place?
> Answer
Limit order “Buy Limit” order
This time, if it drops to 99 yen, I expect further decline,I want to enter a sell (short) at 99 yenthinking...
Limit Orderand Stop-Loss (Stop), which order should I place?
> Answer
Stop-Loss “Sell Stop” order
Were you able to answer?
Surprisingly, you might know more than you think you do
・Limit=Limit(Limit)
・Stop=Stop(Stop)
What do these termsmeanandwhen are they usedexplained thoroughly.
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