How to Create a Pending Order on Olymp Trade India Platform.

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It is not everyday that you want your trade to be executed instantly.

Sometimes you would rather have it activated at a later time or at a later quote or price of the asset.

That kind of Buy or Sell Order which is activated at a later time or a later price of the asset is called a Pending Order.

Creating a Pending Order in the Olymp Trade India Platform.

Follow these steps to Create a Pending Order in the Olymp Trade Platform while trading Fixed Time or Forex:

  1. Log into your Olymp Trade Account.
  2. Go to Settings and Activate the Pending Orders Option.
  3. Return to the Price Chart.
  4. Confirm that a ‘Watch like’ Pending Orders button was added to your Chart – usually close to the Up and Down buttons.
  5. Choose whether to trade Fixed Timeor Forex.

Also Read: – HOW TO DOWNLOAD AND USE THE OLYMP TRADE METATRADER 4 PLATFORM.

Fixed Time Pending Order.

  • Choose the Asset to Trade.
  • Adjust the Trade Duration and Trade Size.
  • Hit the Pending Orders button.
  • Select whether to use the Price of the asset(Quote) or Time.Enabling pending orders in Olymp Trade
  • Quote – adjust the price at which you wish your pending order activated.
  • Time – adjust the time of the day when you wish your pending order activated.
  • Adjust the rate of return if the trade is successful.
  • Click on the Set Up button.
  • That returns you to the Price chart – choose where the price will go after the price hits the Quote or the Time of the day you set, by clicking on either the Green Up button or the Red Down button.
  • A line with an arrow pointing the direction you predicted the price to go appears on the Quote or the Time you had set.

Your Fixed Time Pending order is ready.

Once the Price hits that level or that time of the day comes, your trade will be activated. It will obey the Trade Duration and the Trade Size you had set.

Forex Pending Order.

  • Choose the Asset to Trade.
  • Carry out your Analysis.
  • Set your Trade Size, Stop Loss, Take Profitmmand Multiplier.
  • Click on the Pending Orders button.
  • Choose whether to use the Price of the asset(Quote) or Time.
  • Adjust the price or time of the day at which you want your pending order activated.Pending orders
  • Click on the Set Up button.
  • This returns you to the Price chart – choose where the price will go after the price hits the Quote or the Time of the day you set, by clicking on either the GreenUp button or the Red Down button.
  • A line with an arrow pointing the direction you predicted the price to go appears on the Quote or the Time you had set.
  • Your Forex Pending order is ready.

 

Once the Price reaches that level or that time comes, your trade will be activated and will be terminated by hitting either the Stop Loss or Take Profit.

Conclusion.

Creating Pending Orders on the Olymp Trade India Platform is that easy.

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*Risk warning:

The information provided does not constitute a recommendation to carry out transactions. When using this information, you are solely responsible for your decisions and assume all risks associated with the financial result of such transactions.
 

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