Create Market Order Dialog Box

Using this dialog box you can create a market order.

• Account: displays the number of the account from which the order will be created. If you have more than one account, you can choose the account by clicking the account number in this box.
• Symbol: displays the symbol for which the order will be created. To change the symbol, click the symbol of your choice in this box.
• Sell/Buy: the selected option displays the trade operation of the order. To change the trade operation, click Sell or Buy.
• Amount (K): displays the amount of the order. To change the amount, select or type your amount in this box.
  Note: 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.
• Per Pip: displays the cost of one pip price movement for the specified order amount.
• Usd Mr: displays the margin necessary to open a position for the specified order amount.
• Comm: displays the estimated amount of the commission to be charged for a position round turn (open and close). The commission is expressed in the account currency.
• Rate: displays the price at which the order will be created.
• Order Type: displays the order type. To choose the order type, in the Order Type box, click the type of your choice. For the Market Range type, in the appropriate box, select or type your range.
• Advanced: if you click this button, you will be able to change the order Time In Force and create stop/limit orders for the position that will be opened by your market order.
• Time In Force: displays the order Time In Force. To change it, click the necessary option in this box.
• Stop: if you select this check box, a stop order will be created together with the market order. For details, see Stop/Limit Order.
• Rate: displays the price at which the stop order will be created, select or type your price in this box. A sign with a number next to the box shows the condition that the stop price must satisfy. The last box in the row displays the value in pips that will be used to calculate the stop price if you choose to specify it through a distance.
• Trailing: if you select a value other than None, this will make your stop order a trailing stop. If you choose the value Fixed, select or type the step in pips in the next box.
• Limit: if you select this check box, a limit order will be created together with the market order. For details, see Stop/Limit Order.
• Rate: displays the price at which the limit order will be created, select or type your price in this box. A sign with a number next to the box shows the condition that the limit price must satisfy. The last box in the row displays the value in pips that will be used to calculate the limit price if you choose to specify it through a distance.
• In pips: if you select this check box, stop/limit prices will be calculated using the stop/limit distances in pips that you specify.
• Chart:* if you click this button, you will see a five minute chart for the symbol shown in the Symbol box. On the chart, you will see a line on the level of the current market price for the trading operation selected in the dialog box.
  If you choose to create a Market Range order and if the range is greater than zero, you will also see two lines indicating the current range. You can change the range by dragging either of these two lines to the necessary level.
  If you add stop/limit orders, lines on the price levels of these orders will appear. You can change their prices by dragging the lines to the necessary levels.
  * If Marketscope is not installed on your computer, there is no Chart button in the dialog box, and the chart is unavailable.