Question: What is "Buy Stop" order on MT4/MT5 (MetaTrader) trading platform?
“Buy Stop Order” is a trade order to buy at the “Ask” price equal to or greater than the one specified in the order.
When you order a position with this order type, the current price level needs to be lower than the value specified in the order.
Please see the chart on the upper-left side in the below picture.
The red point is the current market price, and the blue point is the price where you like to place a “Buy Order” as you expect the price to go up further.
As you can see, usually this order is placed in the anticipation that the price will reach to a certain level and will continue to grow.
All 6 pending orders above are executed on the broker’s side, thus they can be executed even when the MT5 trading platform itself is closed or disconnected.
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