Add Stop/Limit Order to Entry Order

Brief

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

Details

To add a stop/limit order to an entry order:

1. Do one of the following:

• In the Orders window, click the Stop/Limit cell of the entry order to which the stop/limit is to be added.
• In the Orders window, right-click the entry order, and then click Stop/Limit.
• On the Trading menu, point to Orders, and then click Stop/Limit.
• Press SHIFT + ALT + L.
  Note: Before you click the command or press the keyboard shortcut, make sure that the entry order is selected in the Orders window.
2. The Stop/Limit Order dialog box appears.
   
   
3. To choose the order type, select the Stop or Limit check box.
   To view a five minute chart for the order symbol, click Chart.*
   On the 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 entry order line if the entry order price is currently visible on the chart; otherwise, you will see the entry order marker at the upper or lower border.
   
4. Specify the price for a 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 unavailable.

• 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/limit order is calculated at once when the position is opened:

• The price for a stop order is calculated from the close price which is current at the moment of the position opening.
• The price for a limit order is calculated from the position open price.
5. To make your stop order a trailing stop or change its step, 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.

Once the stop/limit order is created, you will see the price of your order in the Stop or Limit column in the Orders window.

* If Marketscope is not installed on your computer, there is no Chart button in the dialog box, and the chart is unavailable.