Pending Order

A pending order is an order that depends on a condition before it’s triggered.

A pending order, as the name suggests, is not executed immediately. Instead, a pending order defines a condition that must be met before it’s triggered. Only once the condition is met will it be sent for execution.

Pending orders come in many formats with varying formats. The most usual conditions pending orders use are price or time.

Common pending orders you’ll find in a trading platform are:

• Stop order
• Limit order
• Stop-limit order
• Stop-loss
• Take-profit
• One cancels the other (OCO)