Entry Order
a.k.a. Pending order
An order to open a trade automatically if price reaches a level you choose, so you do not have to watch…
In plain English
An order to open a trade automatically if price reaches a level you choose, so you do not have to watch the screen.
An entry order waits for price to come to you. There are two basic kinds: a limit entry (buy below or sell above the current price, expecting a bounce) and a stop entry (buy above or sell below, expecting a breakout).
Pair it with a stop-loss and take-profit and the whole trade is planned in advance. See limit order and stop order.
Keep this word for good
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