Creation of waiting order
In order to create a waiting order, the user should first select the “Pending” bookmark in the dialog window. Then select the financial instrument from the existing list through clicking on the arrow or via the Instrument Browser (the [...] button). Current quotation of each instrument (Bid/Ask) is shown in a separate field of the window.
The user needs to set the following parameters:
- duration – GTC or Daily;
- price of execution;
- volume in trade currency;
- direction – BUY or SELL;
- lock mode (mark in the “Lock” field)
- linked order Take-profit – mark in a special field and price;
- linked order Stop-loss – mark in a special field and price;
- “Trailing Stop distance” mode - mark in a special field and distance.
The user can set a Take-profit order to be attached to the main waiting order. To do this, the user should mark the “Take-profit” field and enter the price level. Notice that the Take-profit order is a buy order if it is set by the price higher then the price of base waiting order and it is a sell order if the price is set lower than the price of base order. This additional Take-profit order acts as a limit order.
The user can also set a Stop-loss order to be attached to the main waiting order. To do this, the user needs to mark the “Stop-loss” field and enter the price level. Notice that if the Stop-loss order is set by the price lower than the price of base waiting order then it is BUY order and if the order is set higher than the price of the base order it is SELL order. This additional Stop-loss order acts as a stop order.
These attached orders cannot be set too close to the price of base waiting order. The minimum allowable range is determined by the server and is usually equal to spread.
At the bottom of the screen there is text description of the operation factors that have been selected by user. It is recommended that the user compares this description to the actions that are expected from the server.
After all the operation factors are entered, the user must click the “Ok” button. The dialog window will be blocked until the response of the server.
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