What is a pending order and how to determine the distance to place it?
A pending order is a type of trade order that is set to execute at a specific price in the future, rather than immediately. There are several types of pending orders, including buy limit, sell limit, buy stop, and sell stop.
To determine the distance for placing a pending order, log into the MT4/MT5 platform, right-click "specification" in the market watch, and check the "stop level" in the product specification.