Lab 7 : Buy Stop & Sell Stop

Buy Stop

1. Open InstaForex > Click New Order > Select Type Order : "Pending Order"

2. Select Type Pending Order : "Buy Stop" and modified the value for stop loss and take profit

•     at price "Resistance 1" ( Stop Loss(-60)  >  Take Profit(+10) )

3.  Then click "Place" the order.

    

Sell Stop

1. Select Type Pending Order : "Sell Stop" and modified the value for stop loss and take profit

• at price "Support 1" ( Stop Loss(+60)  >  Take Profit(-10) )

2. Then click "Place" the order.

Important

Sell limit > Current Price -  ( Stop Loss(+60)  >  Take Profit(-10) )

Buy limit < Current Price -  ( Stop Loss(-60)  >  Take Profit(+10) )

Sell Stop < Current Price - ( Stop Loss(+60)  >  Take Profit(-10) )

Buy Stop > Current Price - ( Stop Loss(-60)  >  Take Profit(+10) )