Tutorial 4(a): Step-by-step to set up Pending Order, Buy Stop and Sell Stop.

What is Buy Stop?
Buy stop is to buy when the ask price gets equal to the specified value. Herewith, the current price level is lower than the value of the set order. Typically, the orders of this type are set in reliance on the assumption that the instrument price will overcome some level and continue to grow. It is impossible to set buy stop orders below the current ask price, you have to use buy limit orders for this.
What is Sell Stop?
Sell Stop to sell when the bid price gets equal to the specified value. Herewith, the current price level is higher than the value of the set order. Typically, the orders of this type are set in reliance on the assumption that the instrument price, having dropped to a certain level, will continue to decline. It is impossible to set sell stop orders above the current bid price, you have to use sell limit orders for this.

Step 1: To set Buy Stop, click New Order (as shown below):

Step 2: Change type to 'Pending Order' and choose Type for Buy Stop. See the current price now is 1.3102. At price means we need to add pips above from the current price. I used 15 pips and 1.3102 + 0.0015 = 1.3117. Put 1.3117 at 'at price' and click Place as shown below:

Step 3: Click 'New Order' again for Sell Stop

Step 4: Change type to 'Pending Order' and choose Type 'Sell Stop. See the current price now is 1.3095. At price means we need to minus pips from the current price. I used 15 pips and 1.3095 - 0.0015 = 1.3080. Put 1.3080 at 'at price' and click Place (as shown below:)

Finished.