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Thread: different of 'Sell Limit' and 'Sell Stop'

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    Piplet rover's Avatar
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    Default different of 'Sell Limit' and 'Sell Stop'

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

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    Quote Originally Posted by rover View Post
    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.
    Last edited by arialun; 04-24-2007 at 03:40 PM. Reason: duplicate lines

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    tq arialun..i understand now

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    Default Sell or buy?

    Quote Originally Posted by arialun View Post
    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..

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    Quote Originally Posted by goldsniper View Post
    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.

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    Quote Originally Posted by fxsense View Post
    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.
    Last edited by arialun; 04-29-2007 at 03:32 PM.

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

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    Hello rover,

    Good question for the newbie :

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


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    Default ??? not sure

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

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    it's cool and simple your explanation
    thanks

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    finaly i understand

    thanks

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    Quote Originally Posted by TFS View Post
    Hello rover,

    Good question for the newbie :

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

    very good guy

    now I understod the difference

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    Quote Originally Posted by TFS View Post
    Hello rover,

    Good question for the newbie :

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

    hey thats good for news

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    Default

    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
    FXInd.com Livechat Support

    Kindly don't send support question via PM.

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    Default

    Quote Originally Posted by TFS View Post
    Hello rover,

    Good question for the newbie :

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

    thanks for explaning it

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