XXOrders

Percentage of pending orders on a currency pair characterizes the number of trades such as Buy Limit, Buy Stop, Sell Limit и Sell stop set by trader on Forex

This indicator reflects the readiness of the market to enter positions on a certain currency when the trend grows.

A key advantage of this indicator is that it is based not on the current market positions, but those about to be opened, i.e. future positions.

The number of pending orders on a currency pair reflects interest of market participants to this pair not currently, but in case the movement starts.

Plentiful pending orders point at the market waiting for a bullish or bearish trend to begin. If the number of pending orders has relatively shrunk, the trend has started.

In MetaTrader Terminal of InstaForex this type of statistics is available in the form of XXYYYYYYY symbol, where XX has the following meanings:

for EURUSD XX=EU

for GBPUSD XX=GU

for USDCHF XX=UC

for USDJPY XX=UJ

for USDCAD XX=UD

for EURCHF XX=EC

for EURJPY XX=EJ

for GBPCHF XX=GC

for GBPJPY XX=GJ

To display the symbol, right click the Market Watch window in InstaTrader, the trading platform MetaTrader 4 by InstaForex, and choose “Show all” in the drop-down menu.