Help CenterA pending order allows you to enter a trade at a predefined price in anticipation of future market movements. This type of order is useful for staying disciplined to your strategy, especially in volatile markets, and helps you avoid emotional decision-making.
Follow these steps to place a pending order using TradeLocker with your PROP365 account.
Select the pending order option
After selecting the currency pair you want to work with, select the pending order option instead of an immediate order market on the order panel.
Enter the correct price, profit or loss
At this point, you can set the desired entry price in the price field, just make sure to enter the correct price based on the market conditions. You can also set the desired stop loss and take profit levels to manage the risk and profit of the trade or do it later directly on the chart.
You also have the option to change the lot size based on your strategy and risk tolerance. Finally, click on the red “Sell” button or the green “Buy” button to place your pending order.
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