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Pending Order

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Last Updated on: 15th February 2021, 11:05 am

Pending order is an option in the Metatrader 4 and Metatrader 5 that allows traders to place the instructions in the software to permit it to execute trades once the specific market conditions are met. There are four types of Pending Orders; Buy Limit, Sell Limit, Buy Stop, and Sell Stop.

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Open Position

An active trade that has yet to be closed.

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