different of 'Sell Limit' and 'Sell Stop'

[rover]

what is the different of 'Sell Limit' and 'Sell Stop' in the open signals?

[arialun]

what is the different of 'Sell Limit' and 'Sell Stop' in the open signals?

You can refer to this thread.
http://www.fxegypt.com/forum/showthread.php?t=53

a.) Sell Limit.
Let say current price is at 10, and you expecting trend is downtrend to price 2. But before the downtrend, you expecting a retracement first at price 15.
So you will set a pending order: Sell Limit at price 15, hopping that the trend will downtred toward price 2.

b.) Sell Stop
Let say current price is at 10, and you expecting a downtrend if the price breakdown at price 7. Expecting going lower to price 1.
So you will set a pending order: Sell Stop a price 7, hoping the trend will downtred toward price 1.

[rover]

tq arialun..i understand now

[goldsniper]

You can refer to this thread.
http://www.fxegypt.com/forum/showthread.php?t=53

a.) Sell Limit.
Let say current price is at 10, and you expecting trend is downtrend to price 2. But before the downtrend, you expecting a retracement first at price 15.
So you will set a pending order: Sell Limit at price 15, hopping that the trend will downtred toward price 2.

b.) Sell Stop
Let say current price is at 10, and you expecting a downtrend if the price breakdown at price 7. Expecting going lower to price 1.
So you will set a pending order: Sell Stop a price 7, hoping the trend will downtred toward price 1.

You mean sell limit = open trade higher than current price? and sell stop = open trade below current price??

Please clarify..

[fxsense]

You mean sell limit = open trade higher than current price? and sell stop = open trade below current price??

Please clarify..

sell limit (pending)
-u put sell limit with current price up, then when touch price that u set,u expect that price will down.


sell stop(pending)
-use when the price will go down exactly

hopefully help.

[arialun]

sell limit (pending)
-u put sell limit with current price up, then when touch price that u set,u expect that price will down.


sell stop(pending)
-use when the price will go down exactly

hopefully help.

Yes, correct. Thank you fxsense for making more simple explanation.

[goldsniper]

Thanks fxsense... your simple explanation is very good.. I understood now..

[TFS]

Hello rover,

Good question for the newbie :

www.metaquotes.net/knowledge_base/faq_trade/. --> Trading

[moneydeep]

so sell stop means when it reaches there it will sell and close my order?

[SkyDiver]

it's cool and simple your explanation
thanks

[المهجور]

finaly i understand

thanks

[johnsmith]

Hello rover,

Good question for the newbie :

www.metaquotes.net/knowledge_base/faq_trade/. --> Trading

very good guy

now I understod the difference

[sheva]

Hello rover,

Good question for the newbie :

www.metaquotes.net/knowledge_base/faq_trade/. --> Trading

hey thats good for news

[FX Ind Manager]

anyway, limit and stop order at MT and bank platform is different
sell limit at currenex means i want to sell as far as price is better than xxxx
so if current price is 2.0000 and u put limit order at 1.9980, it will be filled at 2.0000 (current price).
and sell stop at currenex means i want to sell as far as price is worse than xxxx
so if current price is 2.0000 and u put sell stop at 2.0020, it will be filled at 2.0000 (current price)

same case with buy position.

but for MT that picture explained perfectly

[MRSaad]

Hello rover,

Good question for the newbie :

www.metaquotes.net/knowledge_base/faq_trade/. --> Trading

thanks for explaning it