Add Stop/Limit Order to Symbol

Brief

This section describes all possible ways of adding a stop/limit order to a symbol.

Details

To add a stop/limit order to a symbol:

1. Do one of the following:

• In the Simple Dealing Rates or Advanced Dealing Rates window, right-click the symbol, and then click Stop/Limit.
  
  Note: The symbol must have at least one opened position.
• In the Summary window, right-click the symbol, and then click Stop/Limit.
• In the Open Positions window, right-click the position, and then click Stop/Limit.
• On the Trading menu, point to Open Positions, and then click Stop/Limit.
  
  Note: The Stop/Limit command is available only if the symbol is previously selected in the one of the following windows: Simple Dealing Rates, Advanced Dealing Rates, Summary, Open Positions.
• On the toolbar, click Stop/Limit.
  
  Note: The Stop/Limit button is available only if the symbol is previously selected in the one of the following windows: Simple Dealing Rates, Advanced Dealing Rates, Summary, Open Positions.
2. The Stop/Limit Order dialog box will appear.
   
   
3. In the Account box, click the account if necessary. It is applicable if you are trading on more than one account.
4. In the Symbol box, click the symbol of your choice if necessary.
5. In the Amount (K) box, select or type the amount if necessary. The amount cannot exceed the net amount opened in the symbol.
   
   Note: The default value is the amount of the oldest position that has been opened in the symbol.
6. To choose the order type, select the Stop or Limit check box.
   
7. Specify the price for the stop/limit order if necessary. The price can be specified either directly, by selecting or typing the price in the appropriate box, or through a distance in pips from the market price.
   Note: You cannot specify the price for your stop/limit order through a distance in pips if it is not supported by the server. In this case the In pips check boxes are disabled.

• To specify the price directly, select or type the price in the appropriate box.
• To specify the price through a distance, select the In pips check box, and then select or type the distance in pips in the appropriate box.
  Note: When you specify the price through a distance:

• The price for a stop order is calculated from the current close price.
• The price for a limit order is calculated from the best of the prices: the position open price and the current close price.
8. To make your stop order a trailing stop, in the Trailing box, click the necessary step type. If you choose a fixed step trailing order, select or type the step in pips in the next box.
9. Click OK.

Once the order is created, you will see the orders in the Orders window.