Pending order

MetaTrader 5 defines a pending order as an instruction to buy or sell later under conditions set in advance. The types are Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit and Sell Stop Limit. On forex and other OTC symbols the platform checks those prices against Bid and Ask. On exchange-calculation symbols it says triggers usually follow the last traded price, while the resulting buy or sell is still done at Ask or Bid. If the account cannot support the deal when the order triggers, the pending order is cancelled and stored as rejected. A pending order can expire, be cancelled, or be rejected. It is not a position.