You can use demo account and experiment with it.
You can find a quite good explanation here: https://www.metatrader5.com/en/terminal/help/trading/general_concept
Basic Principles - Trading Operations - MetaTrader 5
- www.metatrader5.com
is an instruction given to a broker to buy or sell a financial instrument. There are two main types of orders: Market and Pending. In addition, there are special Take Profit and Stop Loss levels. is the commercial exchange (buying or selling) of a financial security. Buying is executed at the demand price (Ask), and Sell is performed at the...
Carl Schreiber:
You can find a quite good explanation here: https://www.metatrader5.com/en/terminal/help/trading/general_concept
You can find a quite good explanation here: https://www.metatrader5.com/en/terminal/help/trading/general_concept
thanks Carl , i furthered study on the "stop and reverse " automation and anticipate that it can produce .
"pending order" automation is also an opportunity instrument . i downloaded about six different kinds of automation invoicing .
i am totally impressed at algorithm strategy and am busy with promotions on behalf of public .
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can one of the meta moderators further instruct me on the settings of the SELL LIMIT and the BUY STOP !! TO the requiring of the settings on positioned EA to USD/MXN .
I HAVE POSITIONED THE SETTINGS ON MY CHART BUT NEED SOME FURTHER CLARITY ON WHERE THEY COME IN TO EFFECT .
THANKS PAUL .