To learn more about pending orders, as well as all order types available in the MT5 platform, visit our Help Center here.
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If you expect the market to go up or down but don’t wish to enter until a certain price level is reached, you can then place a pending order. The order will not be filled if the price does not reach this level. When the price you have specified has been reached the order will go through.
A pending order is broken up into six types:
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