A pending order executes at a future specific price, including buy/sell limit and stop orders. On MT5, check the "stop level" in product specifications to determine order placement distance.
Common types of pending orders
| Pending order type | Meaning |
|---|---|
| Buy Limit | An order to buy at a price below the current market price. |
| Sell Limit | An order to sell at a price above the current market price. |
| Buy Stop | An order to buy at a price above the current market price. |
| Sell Stop | An order to sell at a price below the current market price. |
How to check the required distance
| Step | Action |
|---|---|
| 1 | Log in to the MT5 platform. |
| 2 | Open Market Watch. |
| 3 | Right-click the product you want to trade. |
| 4 | Select Specification. |
| 5 | Check the Stop Level or relevant order-distance requirement. |
Important notes
- Pending orders must follow the product’s minimum distance requirements.
- The required distance may vary by product.
- If the pending order is too close to the current market price, the platform may reject it.