DONATE & Share Post Your Content On Smart Money Management

Search This Blog

Sunday, October 17, 2021

What Is A Buy & Sell Stop Order?

What Is A Buy & Sell Stop Order?

GBP/CAD OANDA:GBPCAD

Both Buy and Sell Stop Orders are trade order set before current price hits those orders and gets you into a new trade.

Buy Stop Order:

An order that is executed at a specific predetermined price that is above the current price.

Sell Stop Order:

An order that is executed at a specific predetermined price that is below the current price.

NEVER chases price when making a Forex trade, let price action come to your entry by setting either a Buy or Sell stop order. Then make sure you set your stop loss and targets at that time too.

A.C.E. Strategy is:

1) Alert candle
2) Confirm candle
3) Enter candle



from TradingView Ideas https://ift.tt/3G4e7h8
via gqrds

No comments: