Scenario
The client has been watching the stock of “Megahope Inc.” and their strategy tells them that this company is a “Buy” when it gets to a certain price – we’ll say when it gets to $100. The client is not in a position to monitor the price movements of “Megahope Inc.” on a daily basis. They can see that the company is slowly creeping up towards their target so they need a solution.
Solution
The client can access their MT4 platform and place a “Pending Order” to purchase “Megahope Inc.” when it reaches $100. Once the client has submitted this order, it will activate immediately and automatically when the price breaches the $100 level. The client can see exactly how to place a pending order in the “MT4 Guide”.
Alternatively, the client can simply phone the Dealing Desk, and request that the order is placed for them. In either instance, the order will be visible within the “Terminal” of the MT4 platform.