Linked orders
Linked orders are essential part of trading, they help you to both plan your trade and limit your risk:
- "Stop loss" - determines a price you would want to cut losses at and should be set for every trade you make
- "Trailing stop" - a kind of stop loss that is distantly following (moving along with) the market price while it goes in your favor
- "Take profit" - sets a price you want to take profit at
There are two ways of setting linked orders:
In a “Make deal” window when opening a trading position:
In a "Position orders" called up by right-clicking on an already existing open trading position in a "Open positions" window:
And then:
NOTE: Make sure you set a price to Take profit higher than the market price for BUY and lower for SELL trading positions. As well as Stop loss lower than the market price for BUY and higher for SELL trading positions.
Linked orders with their details are displayed in the “Orders” and "Open positions" windows at the bottom of the Trading Platform. |