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New Order
22 October 2013 01:03 PM

Русский

To perform trade operations, please choose the instrument. The market depth screen displays current quotes in the chosen currency pair.
Order is a client's instruction to brokerage company to perform a trade operation.

You can use the following types of the orders to perform trade operations:

  • Market order;
  • Pending orders: Limit order and Stop order.

Note! Availability oforders depends on the account type you're using.

Gross: market orders; limit and stop orders are available together with Stop Loss and Take profit.

Net: market orders; limit and stop orders are available. Stop Loss and Take profit orders are not supported.

Cash: market orders; limit orders are available. Stop Loss and Take profit orders are not supported.

Market order

Market order — an order to buy or sell a trade instrument immediately at the best price obtainable in the market. The execution of such order means a trade position opening (gross/net account) or exchange of assets (cash account). Generally, an instrument is bought at the Ask price and sold at the Bid price.

To adjust the view of market depth with Level 2 quotes you can change the below options:

  • QTY/LOT — to show available trade volumes in Lots or Units of base currency.
  • VWAP — to activate Volume Weighted Average Price, the ratio of the value traded to total volume traded over a particular time horizon.

To open a market order (Buy/ Sell) tap the relevant button displaying Ask or Bid. Confirm the order execution by tapping Yes.

You can change the following parameters of a market order:

  • to select a trade instrument from the drop-down list;
  • to change the volume.

Pending order

Pending order is the client's instruction to a brokerage company to buy or sell a trade instrument at predefined conditions in the future. The following types of pending orders are available:

Limit order:

Buy Limit — trade request to buy at the Ask price that is equal to or better (less) than that specified in the order. The current price level is higher than the value in the order. The order's price is considered to increase, having fallen to a certain level.

Sell Limit — trade request to sell at the Bid price that is equal to or better (greater) than that specified in the order. The current price level is lower than the value in the order.The order's price is considered to fall, having increased to a certain level.

You can independently change the following parameters of a limit order:

  • choose the order’s type: Buy Limit/ Sell Limit tapping Buy or Sell button;
  • select a trade instrument from the drop-down list;
  • change the volume (in lots);
  • set the price - the order execution price;
  • attach Stop Loss or/and Take Profit orders (for Gross account type only*).

 

To open a limit order (Buy limit/ Sell limit) with the present parameters, tap Submit. Please confirm this operation by tapping Yes in the pop-up window. To cancel the order tap No.

 

Stop order:

Buy Stop — trade request to buy at the Ask price that is equal to or better (greater) than that specified in the order. The current price level is lower than the value in the order.

Sell Stop — trade request to sell at the Bid price that is equal to or better (less) than that specified in the order. The current price level is higher than the value in the order.

Once the price surpasses the predefined entry/exit point, the stop order becomes a market order.

You can independently change the following parameters of a stop order:

  • choose the order’s type: Buy Stop/ Sell Stop tapping Buy or Sell button;
  • select a trade instrument from the drop-down list;
  • change the volume (in lots);
  • set the price - the order execution price;
  • attach Stop Loss or/and Take Profit order (for Gross account type only*).

You can place the pending orders on Gross accounts with Stop Loss and/or Take Profit values.

Stop Loss is used for minimizing of losses if the instrument price has started to move in an unprofitable direction. If the security price reaches this level, the whole position will be closed automatically. Such orders are always connected to an open position or a pending order.

• Take Profit is intended for closing a trade in profit when the instrument price has reached a certain level. Execution of this order results in complete closing of the whole position. It is always connected to an open position or a pending order.

To open a stop order with the current parameters, tap Submit. Please confirm this operation by tapping Yes in the pop-up window. To cancel the order tap No.

Numeric values, like price, volume, Limit rate and other, can be adjusted in the following ways:

  • with + or – buttons;
  • by tapping a relative field and via pop-up virtual keyboard.
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