Pending Order Tools
MT Pending Order Live Demo
EA Pending Order Live Demo
MAB Sell Limit Pending Order Live Demo
This short video shows a MAB Sell Limit Pending Order on the DAX 5 minute time frame that took place on the 19th October 2017.
The MAB sell pending zone was setup which will dynamically track the 21EMA shown in blue. The FIB tool 100% retracement reference point at 13038.1 was taken from the Previous Weeks High. Please refer to the section Fibonacci Retracement Tool for guidance on using the FIB tool.
The zone triggered at 12989.0 on the 61.8 retracement level and went on to be a ‘Golden Zone’ M5 MAB 2R winner.
EA Channel Sell Limit Pending Order
This screenshot shows an EA Channel Sell Limit Order that was setup on the DAX 1 hour time frame.
The current bull candle opened just above the H1 mid-channel line and moved down towards the H1 MA and the higher time frame key level at 12209.6, with the Daily MA coming up from below.
Price was supported here producing an H1 MAB.
Price moved up strongly towards the top of the H1 bear channel at Yesterdays High, with the Weekly MA just above it, which is where the EA Channel Sell Limit Order had been setup.
This screenshot shows the resulting trade that was entered when the zone was triggered.
The take profit target for this trade was well above the higher time frame key level shown by the red line at 12209.6 and went on to be a 2R winner.
MAB Buy Limit Pending Order
This screenshot shows a MAB Buy Limit Order that was setup on the DAX 5 minute time frame.
This screenshot shows the resulting trade that was entered when the zone was triggered.
The take profit target for this trade was just below the session high and went on to be a 2R winner.
EA Buy Limit Pending Order
This screenshot shows an EA Buy Limit Pending Order that was setup on the DAX 5 minute time frame.
Since this is an EA pending order, it is not registered with the broker until if and when the trade is actually triggered.
Therefore none of the associated trade parameters i.e. trade entry, stop-loss and target, are displayed.
MT Buy Limit Pending Order
This screenshot shows the same trade setup on the DAX 5 minute time frame as is shown above for the EA Buy Limit Pending Order only this time an MT Buy Limit Pending Order has been used.
Notice that in this case the trade parameters are already being displayed since MT pending orders are registered with the broker/trade server.
The comment ‘Pending’ is displayed since the trade has not yet triggered.
