Pending Order
Trade MechanicsAny order that waits and triggers automatically once price reaches a set level, rather than executing immediately.
A pending order is any order set to execute automatically once the market reaches a specified price, rather than immediately at the current price — this includes limit orders, stop orders, and their variants. Pending orders let a trader plan an entry or exit in advance without needing to watch the market continuously.
Most platforms let you attach a stop-loss and take-profit directly to a pending order, so the entire trade plan is set up before the position ever opens.