Pending orders are orders automatically to open the Long position / Short only when the price of your order / message is reached. When you order price has not been reached, then the pending order will still be active and will wait until the price that you order untouched. Pending orders can be divided into 2 Pending Order Pending Stop and Limit Orders.
If you just want to buy at THE price now, use the Buy Stop Order. And if you just want to sell at current prices DOWN, use the Sell Stop Order.
If you just want to buy at current prices DOWN, use Limit Order Buy. And if you just want to sell at THE price now, use the Sell Limit Order.
Example: ASK Price now is 2.0000 and you just want to buy (LONG) if the price moves to 2.0050 then you can use the Buy Stop Order. (Remember the open buy / Long price used is the price of ASK!)
Example: The current BID price is 2.0000 and you just want to sell (SHORT) if the price moves to 1.9950 then you can use the Sell Stop Order. (Remember the open sell / Short price used is the BID price!)
Example: ASK Price now is 2.0000 and you just want to buy (LONG) if the price moves to 1.9950 then you can use the Buy Limit Order. (Remember the open buy / Long price used is the price of ASK!)
Example: The current BID price is 2.0000 and you just want to sell (SHORT) if the price moves to 2.0050 then you can use the Sell Limit Order. (Remember the open sell / Short price used is the BID price!)
| Order Types | Buy (Long) | Sell (Short) |
| Market | Bought at the Ask price at that time | Selling at the bid price at the time |
| Stop Pending Order | Buying over the price at the time (Ask) | Sell below the price at the time (Bid) |
| Limit Pending Order | Sell below the price at the time (Bid) | Selling above the current price (Bid) |
