If-Then Order

Brief

The section explains how to create, modify, and delete an If-Then order.

Details

An If-Then order contains two (or more) entry orders, one of which is a primary order, and the other is a secondary one. The primary order has no amount value, its value is always 0. Thus, the order is not executed when the market price hits its price but simply triggers a placement of the secondary order. In other words, the primary order sets a condition for the secondary order execution.
Placing an If-Then order automates the trading process: a trader does not need monitoring when the market price reaches a certain price value to trigger the secondary order. Thus, If-Then orders save your efforts and time making the trading easier and more efficient.