Contingent Order Information What is a Contingent Order type? Users are also allowed to place their own contingency order type. This is an order that is in some way linked and ‘contingent’ on the triggering of another order. The options…
A trailing stop is a stop that adjusts to a more favorable rate as the trade moves in a trader's favor. The amount the stop moves depends on the type of trailing stop and what the trader sets it at.…
This order functions exactly like an open market order with the added benefit of allowing traders to set an “acceptable” range at which they would like to be filled. Open range orders are ideal for limiting negative slippage. To place…
A close market order is an order placed to close an open trade at the current market rate. To place an Close Market order in Trading Station, please follow the steps below: From the Summary tab right click the desired…
This an order placed to enter a trade at the current market rate. To place an Open Market order in Trading Station, please follow the steps below: From the Dealing Rates window, left click on the Sell or Buy price…
A Close Range order functions exactly like an Close Market order with the added benefit of allowing traders to set an “acceptable” range at which they would like to be filled. Close range orders are ideal for limiting negative slippage.…
Your strategy may require you to cut losses at a certain point. Stop orders execute similarly to Stop entry orders, but get you out of the market, rather than in. Stop Orders guarantee execution, but not a particular price. To…
Your strategy may require you to take profits at a certain point. Limit orders execute similarly to Limit entry orders, but get you out of the market, rather than in. Limit Orders guarantee the specified price (or better), but not…
A stop entry order is an order to buy above the current market price with a long trade or sell below the current market price with a short trade. To place a stop entry order in Trading Station, please follow…
A limit entry order is an order used to buy below the current market price with a long trade or sell above the current market price with a short trade. To place a limit entry order in Trading Station, please…
When trading with a Trading Station account, you have many order options available to you: Market Orders: Enter the market immediatelyMarket Range: When your strategy is sensitive to price execution. With Market Range, you determine a comfortable range of prices in pips where…
In the "Dealing Rates" window of the Trading Station, follow these easy steps: Click on "Buy" or "Sell" for the currency pair you would like to trade.The "Create a Market Order" window will appear. Update all fields related to your…
