Market Orders

Instant Order

Order types

The Instant order can be created at any time to enter the Markets in real-time.
Only two types of instant orders can be created :

• Buy order : the underlying asset is bought and the trader expect the price to go up.
• Sell order : the underlying asset is sold and the trader expect the price to go down.

Order properties

When the user creates a new instant order, by right-clicking on a chart, it's possible to define the following properties :

• Symbol : the market symbol on which the market order will be honoured.
• Risk : the amount in percentage, related to the account balance, the user wants to put at risk for this order. This texbox remains greyed out until a Stop loss is defined.
• Lot : the amount in lots, the user wants to commit for this order.
• Stop loss : the value where the order will be automatically closed if the price reaches it, meaning the position is loss.
• Take profit : the value where the order will be automatically closed if the price reaches it, meaning the position is a success.
• Comment : the comment on this specific order, which can be seen in the orders history once the position is closed.

Since the market order is an instant order, the entry price is the Ask for a Buy order or the Bid for a Sell order, at the moment the order is created.
The risk and the lot size values are related. If the user changes one of those two values, the other one will be changed accordingly.

Pending Order

Order types

The Pending order is created by defining an entry price. It will triggered once the price reaches this user-defined entry price.
There are several types of pending orders :

• Buy stop order : The Buy order will be triggered once the market price reaches this level, above it. Therefore, the market price has to be below the Buy stop entry price to be valid.
• Sell stop order : The Sell order will be triggered once the market price reaches this level, below it. Therefore, the market price has to be above the Sell stop entry price to be valid.
• Buy limit order : The Buy order will be triggered once the market price reaches this level, below it. Therefore, the market price has to be above the Buy limit entry price to be valid.
• Sell limit order : The Sell order will be triggered once the market price reaches this level, above it. Therefore, the market price has to be below the Sell limit entry price to be valid.

Order properties

When the user creates a new pending order, by right-clicking on a chart, it's possible to define the following properties :

• Symbol : the market symbol on which the market order will be honoured.
• Type : the pending order type, previously explained.
• Risk : the amount in percentage, related to the account balance, the user wants to put at risk for this order. This texbox remains greyed out until a Stop loss is defined.
• Lot : the amount in lots, the user wants to commit for this order.
• Entry price : the value where the order will be automatically triggered, creating the relevant order.
• Stop loss : the value where the order will be automatically closed if the price reaches it, meaning the position is loss.
• Take profit : the value where the order will be automatically closed if the price reaches it, meaning the position is a success.
• Comment : the comment on this specific order, which can be seen in the orders history once the position is closed.

The risk and the lot size values are related. If the user changes one of those two values, the other one will be changed accordingly.