This type of orders usually aims at future opening positions when the market price reaches the level higher than the current market price.
* Both Entry Stop / Entry Limit Orders are executed only when the market value of an Instrument (Currency) reaches the predefined financial level.
In order to execute the trade, please perform the following:
In the Rates screen navigate towards an Instrument (Currency) you would like to trade and simply press Select or your phone middle selection key.
You will be automatically rerouted to the New Order screen
RATES SCREEN
Once selected you will prompted to choose the trading action from the New Order screen: Buy or Sell this particular currency
Scroll to preferred action (in this case Sell)
Using the phone left selection key press Select function
Once the type of trading action is selected (Buy / Sell) you will be automatically prompted to choose an Order Type as well from the Order Type screen.
Scroll to the required type of Order (in this case Entry Limit Order)
Using the phone left selection key press Select to confirm this action
ORDER SCREEN
Once confirmed you will be redirected to the Entry Limit Order screen
There are four displayed fields: Buy / Sell: specifies your Instrument's actions Account: list of accounts with which this order should be associated Amount: number of lots - min required is 1 Your Price: your new price must be higher than or equal to the current price Required Price Field: trader enters his/her price in this field
Using the 4-way navigation keys scroll to the Account field and enter, by pressing the middle selection key
Select the trading account with which this order should beassociated
Using the 4-way navigation keys scroll down to the Amount field, enter by pressing the middle selection key and set the number of lots. Minimum Amount of lots required is 1
Using the 4-way navigation keys scroll down to the Price field, enter by pressing the middle selection key and set the numbers you think fit best. (In this case your Entry Limit price must be higher than or equal to 1.5121)
Once required fields are filled in press OK function to confirm this action
ENTRY LIMIT ORDER SCREEN
When confirmed the program will take you back to the Rates screen
You may view this trade in the Orders screen of VT Mobile Trading System
