How to Place Pending Orders on DXtrade | Hola Prime

Introduction

Successful trading often requires entering the market at specific price levels that have not yet been reached. Pending orders allow you to automate this process, ensuring your trades execute exactly when the market meets your criteria. This lesson explores the different types of pending orders available on DXtrade—including limits and stops—and demonstrates multiple ways to set them up to fit your technical analysis.

Understanding Pending Order Types

Before placing a trade, you must choose the correct order type based on the current market price:

Limit Orders: Used when you want to trade at a price better than the current market rate.

Buy Limit: Set below the current market price.
Sell Limit: Set above the current market price.

Stop Orders: Used when you want to trade in the direction of a breakout.

Buy Stop: Set above the current market price.
Sell Stop: Set below the current market price.

Placing Orders via the Watchlist

The standard way to set a pending order is through the main interface:

Select your instrument from the Watchlist and click Buy or Sell.
In the order window, change the Order Type from "Market" to either Limit or Stop.
Enter your desired Lot Size and the specific Price at which you want the order to trigger.
Adjust the Order Duration (how long the order stays active) to match your strategy.
Click Send Order.

Setting Pending Orders Directly from Charts

For a more visual approach, you can place orders directly on the price action:

Open the chart for your chosen instrument.
Right-Click Method: Right-click anywhere on the chart to bring up the pending order setup.
Plus Icon Method: Hover your cursor over a specific price level on the chart and click the Plus (+) icon that appears. Select the specific limit or stop you wish to set from the menu.
The order window will pop up with the price pre-filled; adjust your parameters and click Send Order.

Managing Orders with One-Click Trading Enabled

If you have One-Click Trading active, clicking "Buy" or "Sell" in the watchlist will execute a market order immediately without a pop-up. To place a pending order while this mode is active, you must use the chart-based methods (Right-click or the Plus icon). This prevents accidental market entries while still allowing you to set strategic pending levels.

Tracking Your Active Pending Orders

Once an order is placed, it is not yet an "Open Position." To view, edit, or cancel your pending orders, navigate to the Orders Tab at the bottom of the platform. Here, you can see all orders that are "ready and waiting" for the market to hit your specified price. Keeping an eye on this tab is essential for managing your overall market exposure.