Add Stop/Limit Order to Entry Order

Brief

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

Details

To add a stop/limit order to an entry order

1. Do one of the following:

• Hold down CTRL and drag the entry order 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 entry order line to any place on the chart, and then select or type the price.
• Right-click the entry order 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 entry order, point to the marker. A tooltip indicating the trade operation ('B' for Buy, 'S' for Sell), the order rate, and the date and time when the order was created 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 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 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 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, 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 in pips. The left parts of labels of the entry order and the stop/limit order have the same color. The date and time when the order was created is indicated on the line by the creation mark.
• If the order price is not visible on the chart, the order line 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.