Opening Orders · 10 Buttons
The Order Execution group on the Redhat Sword panel has 10 buttons for opening all types of orders · including Market Orders for instant entry and Pending Orders for planned trades without watching the screen all session
Screenshots
Chapter Summary Video
Real MT5 screen recording · Not investment advice
TL;DR
- BUY / SELL · Open Market orders at current price · Uses lot size set on panel
- Buy-ALL / Sell-ALL · Opens on all open charts · Check margin before clicking
- Pending BUY / Pending SELL · Set wait price · Opens automatically when price is reached
- Buy/Sell Stop · Catch breakouts above resistance or below support
- Buy/Sell Limit · Catch pullbacks at support/resistance · Works well with Premium Discount
When to Use This Feature
Use Market Orders during London-NY overlap when liquidity is high · Use Pending Orders when planning overnight trades · Use Stop Orders when expecting price to break key levels · Use Limit Orders when waiting for price to return to Discount/Premium zones
How to Use
| Button | Direction | Type | Use When |
|---|---|---|---|
| BUY | Buy | Market | Enter immediately at Ask price |
| SELL | Sell | Market | Enter immediately at Bid price |
| Buy-ALL | Buy | Multi | BUY on all open charts |
| Sell-ALL | Sell | Multi | SELL on all open charts |
| Pending BUY | Buy | Pending | Wait for price to reach then BUY |
| Pending SELL | Sell | Pending | Wait for price to reach then SELL |
| Buy Stop | Buy | Breakout | Above resistance · Catch continued uptrend |
| Sell Stop | Sell | Breakdown | Below support · Catch continued downtrend |
| Buy Limit | Buy | Pullback | Below price · Catch bounce from support |
| Sell Limit | Sell | Pullback | Above price · Catch reversal from resistance |
Set target price in the Price field on the panel before clicking Pending/Stop/Limit buttons
Pro Tip · Mr. Bom
Before clicking BUY/SELL, I always check the spread first · During London-NY overlap, XAU spread is normally 15-30 points · If I see an unusually wide spread (50+ points), I skip entering · Buy-ALL/Sell-ALL should only be used when very confident about market direction · Most of the time I use Pending Limit orders combined with Premium Discount because it waits for the actual zone · Reduces slippage and pays spread only once
FAQ
Q: Is Buy-ALL dangerous?
A: Risky if margin is low · Opens on all charts simultaneously · Use when you understand portfolio risk
Q: What's the difference between Pending vs Stop vs Limit?
A: Pending = wait for any price · Stop = catch breakout · Limit = catch pullback
Q: If I set a Pending order and forget about it, is that a problem?
A: Use the DelPendingAll button in the next group to delete all · Always check Pending orders before major news
See Also
Download Redhat Sword Free
Semi-Auto Trading Panel · MT5 · XAUUSD · Always test on Demo before using a live account
