What is a Stop order and how do I place it?
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 place a Stop order in Trading Station, please follow the steps below:
- From the Dealing Rates window, left click on the Sell or Buy price for the symbol you want to trade.
- The Create a Market Order window will appear with all the details for the pending market order.
- Click on the Advanced button.
- Check the Stop box and enter a Rate.
- Click OK