“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.

mt5-metatrader5-sell-buy-stop-limit-order-types-explained

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.

Please note that in case your available margin is below the required margin for the pending order, the pending orders will be automatically cancelled by the system.

For the list of online MT4 and MT5 brokers, please visit the page below.

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