Opening a position with an Entry (delayed) order

Market orders are explained in another document

Entry orders are used to open positions when price reaches a certain level. Entry orders can be classified as STOP and LIMIT. The STOP order open a position in the direction of the market movement; the LIMIT opens against market movement. For example, if the current EURUSD quote is 0.9900, and a trader wants to open a SELL position when market reaches 1.0000, that is a STOP ENTRY order.

Fig. 1. Trading panel view

1. Set the order type switch (1) to Entry, fill the required price (2), currency, and number of lots fields.
2. Submit the request to open by clicking the BUY or SELL button.
3. If desired, the validity of the Entry order may be limited by a time interval. To do so, the expiration date and time should be entered into the Expires field (3). When this time is passed, the order will be cancelled automatically. The date should be entered in the dd-mm-yy hh:ii format.
4. If everything is entered correctly and the market is open, the Pending Orders table will show a new record.
5. If the order does not appear, an error has occurred. The message field in the lower part of the terminal will display which one.

The order to open with simultaneous STOP/LIMIT order entry

The trading system allows to open a new position and add a STOP and/or LIMIT order to it automatically. After the position has been opened, the automatic STOP/LIMIT̉ order is entered as a separate order for the entire number of lots in the position. In all other respects, the automatic STOP/LIMIT is no different from the same order entered manually. The order may later be cancelled or replaced by the trader, if necessary. To set the automatic STOP or LIMIT, the order price should be entered into the Stop or Limit field, respectively (Fig 1(4)).

Note. The price may be specified relative to the current price in points. To do so, a plus or a minus sign should be put before the price. For instance, +30 means 30 points higher, than the current price and -25 means 25 points lower, than the current price.