Add Stop/Limit Order to Position

Brief

This section describes all possible ways of adding a stop/limit order to an open position.

Details

To add a stop/limit order to a position

1. Do one of the following:

• Hold down CTRL and drag the position line to the desired price level. While you drag, in a label you will see the rate and the expected position profit/loss in pips.
  
  Note: You can drag the position line to any place on the chart, and then select or type the price.
• Right-click the position line, label, or marker, and then click Add Stop Order or Add Limit Order respectively depending on which you are trying to accomplish.
  
  Note: To make sure that the marker is the marker of the appropriate position, point to the marker. A tooltip indicating the trade operation (Long or Short), the open price, the date and time when the position was opened, and the current position profit/loss in pips will appear.
2. The Stop/Limit Order dialog box will appear.
   
   
3. To choose the order type, select the Stop or Limit check box.
   To view a five minute mini chart for the order symbol, click Chart.
   On the mini chart, you will see a line on the level of the order price. You can change the order price by dragging its line to the necessary level.
   You will also see the position line if the position price is currently visible on the chart; otherwise, you will see the position marker at the upper or lower border.
4. Specify the price for the stop/limit order if necessary. The price can be specified either directly, by selecting or typing the price in the appropriate box, or through a distance in pips from the market price.
   
   Note: You cannot specify the price for your stop/limit order through a distance in pips if it is not supported by the server. In this case the In pips check boxes are disabled.

• To specify the price directly, select or type the price in the appropriate Rate box.
• To specify the price through a distance, select the In pips check box, and then select or type the distance in pips in the appropriate Rate box.
  
  Note: When you specify the price through a distance:

• The price for a stop order is calculated from the current close price.
• The price for a limit order is calculated from the best of the prices: the position open price and the current close price.
5. To make your stop order a trailing stop, in the Trailing box, click the necessary step type. If you choose a fixed step trailing order, select or type the step in pips in the next box.
6. Click OK.

The order will be displayed on the chart in one of the two ways:

• If the order price is visible on the chart, the order will be displayed on the chart as a line with a label. The label indicates the order type and the expected profit/loss of the position in pips. The left parts of labels of the position and its stop/limit order have the same color. The date and time is indicated on the line by the creation mark.
• If the order price is not visible on the chart, the order line with the label is currently not visible.

When you point to a stop/limit order line or label, a tooltip appears. The tooltip displays the order type, the order rate, and the current profit/loss.