This type of orders usually aims at future opening positions when the market price reaches the level, lower 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 be 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 to confirm this action
- Once the type of trading action is selected (Buy / Sell) you will be prompted to select an Order Type as well from the Order Type screen
- Scroll to the required type of Order (in this case Entry Stop Order)
- Using the phone left selection key press Select function to confirm this action
| ENTRY LIMIT ORDER SCREEN |
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- Once confirmed you will be redirected to the Entry Stop 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 lower 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 be associated
- 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 Stop price must be lower than or equal to 2.4521)
- Once required fields are filled in press OK function to confirm this action
ENTRY STOP ORDER SCREEN
- When confirmed the program will take you back to the Rates screen.
- You may view this trade in the Orders screen