Question: Why I can't place buy stop/sell limit orders on MT4/MT5 platforms as they all grayed out?
There are 6 different pending orders available on MT5 trading platform which are:
- Buy Limit
- Buy Stop
- Sell Limit
- Sell Stop
- Buy Stop Limit
- Sell Stop Limit
These orders need to be set following the rules set by each pending order type.
Here are the basic rules for setting up each pending order.
| Buy Limit | The current price level is higher than the value specified in the order. |
|---|---|
| Buy Stop | The current price level is lower than the value specified in the order. |
| Sell Limit | The current price level is lower than the value specified in the order. |
| Sell Stop | The current price level is higher than the value in the order. |
| Buy Stop Limit | A stop level is set above the current Ask price, while Stop Limit price is set below the stop level. |
| Sell Stop Limit | A stop level is set below the current Bid price, while Stop Limit price is set above the stop level. |
Understanding the mechanism of pending orders with sentences maybe even tougher then actually trying it out on the MT5 trading platform.
If the mechanism is too complicated for you, you are recommended to open a Demo MT5 account and check out all pending orders.
For the list of online MT4 and MT5 brokers, please visit the page below.
