Change Entry/Range Entry Order

Brief

This section describes all possible ways of changing an entry and range entry orders.

Details

To change the prices or amount of an entry or range entry order:

1. Do one of the following:

• In the Orders window, click the price of the entry order you want to change.
• In the Orders window, click the amount of the entry order.
  The cost of one pip price movement and necessary margin for the specified amount are shown in Per Pip and Usd Mr respectively.
• In the Orders window, right-click the entry order, and then click Change Entry Order.
• On the Trading menu, point to Orders, and then click Change Entry Order.
• Press O.
  Note: Before you click the command or press the keyboard shortcut, make sure that the entry order is selected in the Orders window.
2. The Change Entry Order dialog box will appear.
   
   
   
   To view a five minute chart for the order symbol, click Chart.*
   On the chart, you will see a line on the level of the order price. You can change the order price by dragging its line to the necessary level.
   
3. In the Amount (K) box, select or type the amount if necessary.
   The cost of one pip price movement and necessary margin for the specified amount are shown in Per Pip and Usd Mr respectively. The total amount of the commission to be charged for opening and closing the position is shown in Comm.
   Notes:

• Depending on the version of your trading station, you can see the Currency/Point box instead of the Amount (K) box in this dialog box. If necessary, you can change the Amount mode in Options. For details, see Change Amount Mode.
  
• The amount of a stop/limit order cannot be changed.
  
4. Depending on the order type, change the prices if necessary:

• In the case of the Entry order, in the Rate box, select or type the entry order price.
• In the case of the Range Entry order, in the Rate box, select or type the stop price.
  In the Range box, select or type the distance between the stop and limit prices in pips.
5. If you have trailing entry orders enabled, to make your entry order trailing, 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.
   Note: To enable trailing entry orders, in Options set the option Trailing entry orders enabled under General Trading to Yes.
6. Click OK.

Once the order is changed, you will see the new price of your order in the appropriate column and/or the new amount of your order in the Amt(K) column in the Orders window.

* If Marketscope is not installed on your computer, there is no Chart button in the dialog box, and the chart is unavailable.