Create Market Order Dialog Box

Using this dialog box you can create a market order.

• Account displays the number of the account on which the order is to be created. If you have more than one account, you can choose the account by clicking the account number in this box.
• Symbol displays the symbol for which the order is to be created. To change the symbol, click the symbol of your choice in this box.
• Sell/Buy displays the trade operation of the order. To change the trade operation, click Sell or Buy.
• Amount (K) displays the amount of the order. To change the amount, select or type your amount in this box.
  Note: Depending on the version of your trading station, you can see the Currency/Point box instead of the Amount (K) box in this dialog box. If necessary, you can change the Amount mode in Options. For details, see Change Amount Mode.
• Per Pip displays the cost of one pip price movement for the specified order amount.
• Usd Mr displays the margin necessary to open a position for the specified order amount.
• Comm displays the estimated amount of the commission to be charged for a position round turn (open and close). The commission is expressed in the account currency.
• Rate displays the price at which the order is to be created.
• Order Type displays the order type. To choose the order type, in the Order Type box, click the type of your choice. For the Market Range type, in the appropriate box, select or type your range.
• Advanced: if you click this button, you can change the time the order stays in force and add stop/limit orders to the position that will be opened by your market order.
  
  
  
  
• Time In Force allows specifying the time the order stays in force. To change it, click an option of your choice in this box.
• Stop: if you select this check box, a stop order can be created.
• Rate displays the price at which the stop order is to be created, select or type your price in this box. A sign with a number next to the box shows the condition that the stop price must satisfy. The last box in the row displays the value in pips that will be used to calculate the stop price if you choose to specify it through a distance.
• Trailing: if you select a value other than None, the entry order becomes trailing. If the value is Fixed, in the adjacent box, select or type the step size in pips.
• Limit: if you select this check box, a limit order can be created.
• Rate displays the price at which the limit order is to be created, select or type your price in this box. A sign with a number next to the box shows the condition that the limit price must satisfy. The last box in the row displays the value in pips that will be used to calculate the limit price if you choose to specify it through a distance.
• Profit/Loss displays the expected profit or loss in the account currency received in case a stop or a limit order is executed at the specified price.
• In pips: if you select this check box, stop/limit prices can be calculated using the stop/limit distances in pips that you specify.
• Chart:* if you click this button, a five-minute chart for the symbol shown in the Symbol box appears. On the chart, you can see a line on the level of the current market price for the trading operation selected in the dialog box.
  If you choose to create a Market Range order and if the range is greater than zero, you can also see two lines indicating the current range. You can change the range by dragging either of these two lines to a level of your choice.
  If you add stop/limit orders to a position, lines on the price levels of these orders appear. You can change their prices by dragging the lines to levels of your choice.
  * If Marketscope is not installed on your computer, the dialog box has no Chart button, and the chart is unavailable.