Pending order

A pending order triggers a trade only when price reaches a level you choose, instead of buying or selling now. MT4 offers four types: Buy Limit and Sell Limit (enter at a better price than current), and Buy Stop and Sell Stop (enter once price breaks through a level).

Pending orders let you plan trades in advance — for example, to catch a breakout or a pullback without watching the chart. You set them in the order window by changing the type from “Market Execution” to “Pending Order.”

Add a stop loss and take profit to manage the trade once it triggers.