If-Then Order

Brief

The section describes how to create, modify, and delete an If-Then order.

Details

The If-Then order is a version of the OTO order. They differ only in their primary orders: unlike all other entry orders, the If-Then primary order has no amount value (its value is always 0), thus, the order is not executed when the market price hits it but simply triggers placing of its secondary order. In other words, the primary order of the If-Then order sets a condition for an entry order placement.

As all contingent orders, the If-Then order is created with the Create Contingent Order dialog box with its special features.

The ways the order can be modified and deleted are same as those of the OTO order (see the Modify OTO Order and Delete OTO Order articles.