stop-limit pending orders

[oskars]

Is there a block that is responsible for setting stop-limit pending orders on the mt5 platform? Can it be in the future if there is no such block now?

[jstap]

@oskars The buy and sell pending order blocks will place a stop order when you want price to keep going once the trade triggers, and a limit order if you want price to reverse once trade triggerd.

[oskars]

@jstap
there are different pending orders :
1.sell stop
2.buy stop
3.sell limit
4.buy limit
5.buy stop-limit
6.sell stop-limit

I mean the block that is responsible for orders 5 and 6

[jstap]

@oskars To me there is no stop-limit order, broker can only offer 1 type, if it's both then you would rarely loose a trade, thinking price will reverse or continue is how you win or loose money with a pending.

[ambrogio]

@oskars @jstap I found this explanatory example. I think you need to set a couple of condition blocks followed by a buy-limit pending order block.

https://www.forextime.com/eu/education/forex-videos/what-is-buy-stop-limit

[jstap]

@ambrogio @oskars, This is interesting but for FX doesn't change any thing. You need to set conditions to achieve this, if price reaches X.XXX place a pending buy limit below, opposite for sells.

[ambrogio]

@jstap said in stop-limit pending orders:

@ambrogio @oskars, This is interesting but for FX doesn't change any thing. You need to set conditions to achieve this, if price reaches X.XXX place a pending buy limit below, opposite for sells.

Yes, you are right, as i said in my comment above. We have to place a couple of condition blocks followed by a pending order block.
In Fxdreema there are no "buy stop-limit" and "sell stop-limit" blocks. These are features of MT5 platform only as explained in the video.
@oskars

[oskars]

@ambrogio @jstap i know now
thanks for help