How to set up pending orders in mobile terminals

Pending orders are orders set to be executed when a desirable price is reached. Before we look at how to set them up, let us see what are the options we have available.

Pending order types available are:

Now, let us take you through the steps for setting up pending orders on mobile terminals.

• iOS
• Android

iOS (MT4 and MT5)

On an iOS platform, follow the below steps:

1. First, locate the Trade option. There are three ways to do this:

• Go to the Quotes tab and tap on an instrument of your choice.
• Go to the Chart tab and tap anywhere to bring up the menu.
• Go to the Trade tab and click on the + symbol on the top right corner of the screen.

Note: In the Trade window, the dropdown menu on the top of the screen will list all the instruments added to your Quotes tab. You can pick an instrument to place a pending order.

2. Once you have located the Trade window, click on the execution type displayed and select a pending order.
3. After you select a pending order, set up the following parameters:

• Order Volume
• Price for the pending order (you will need to set up an additional price for Buy Stop Limit and Sell Stop Limit)
• Stop Loss (optional)
• Take Profit (optional)
• Expiration

Android (MT4 and MT5)

On an Android platform, follow the below steps:

1. First, locate the New Order option. There are three ways to do this:

• Go to the Quotes tab and tap on an instrument of your choice.
• Go to the Chart tab and tap the + symbol on the top right corner of the screen.
• Go to the Trade tab and tap the + symbol on the top right corner of the screen.

Note: In the New Order window, the dropdown menu on the icon at the top-right corner will list all the instruments added to your Quotes tab. You can pick an instrument to place a pending order.

2. Once you have located the New Order window, click on the execution type displayed and select a pending order.
3. After you select a pending order, set up the following parameters:

• Order Volume
• Price for the pending order (you will need to set up an additional price for Buy Stop Limit and Sell Stop Limit)
• Stop Loss (optional)
• Take Profit (optional)

That’s it. Your pending order is now set up.