METATRADER 5 PLATFORM:

What is a limit order and how does it work?

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A Limit Order is a type of Pending Order set to help traders buy or sell an asset at a specific price, or better.

Types of Limit Orders are:

To Open:

• Buy Limit: to buy at a price lower than the current ask price.
• Sell Limit: to sell at a price higher than the current bid price.

To Close:

• Take Profit: to close a profitable position.

To learn more about limit orders, as well as all order types available, visit our Help Center here.

How to place a Limit Order

First, log into MT5.
Next, open a new order by double-clicking your chosen instrument.
Change Order Type to Pending Order.
Select Buy Limit or Sell Limit from the revealed area under Type.
Set the requested price, ensuring it stays within valid parameters in case of an invalid SL/TP message.
Your Limit Order is now set up.

Please note: If you choose an expiry date that falls during a weekend, your order will expire before the market closes at the end of the current week.

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Baxia Global Limited is a company registered in Seychelles with registration number: 8426970-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD104.

Baxia Limited is a company registered in The Bahamas with registration number: 177330 B, and is licensed and regulated by The Securities Commission of The Bahamas (SCB), (SIA-F234).

The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements. Baxia Markets does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan/Republic of Sudan, Syria, Iran, Iraq, South Sudan, Venezuela, Libya, Belarus, Afghanistan, Myanmar, Russia, Crimea, Donetsk, Luhansk, Palestine, Yemen, Zimbabwe and North Korea.

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What is a limit order and how does it work?

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