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Download pending orders robot for MT4 for free - Free MT4 robot pending orders grid. The ability to open pending orders is an essential feature for traders who want to enter the market at a specific price level. In this article, we will discuss how Expert Advisors can open pending orders on the MT4 platform.
Pending Orders Robot EA for MT4
Before we dive into how this Expert Advisor can open pending orders, let's first understand what pending orders are. Pending orders are instructions to execute a trade when the market reaches a specific price level. There are four types of pending orders in MT4:
- Buy Limit
- Sell Limit
- Buy Stop
- Sell Stop
Buy Limit and Sell Limit orders are placed below and above the current market price, respectively. Buy Stop and Sell Stop orders are placed above and below the current market price, respectively. When the market reaches the specified price level, the pending order is triggered and executed.
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