How do I place a pending order?
Pending orders allow you to set a price at which you want to enter the market in the future. The order will only execute when the market reaches your specified price.
Steps to place a pending order:
- Click on the instrument from the watchlist.
- In the right panel select Regular form.
- Click Pending tab.
- Choose your order type, Limit or Stop.
- Set the Open Price (the price at which you want the order to trigger)
- Set Volume, Take Profit, and Stop Loss.
- Click the Confirm button to place the order.
The four pending order types:
| Order Type | When it triggers | Use case |
|---|---|---|
| Buy Limit | When price drops to your level | Buy at a lower price than current market |
| Sell Limit | When price rises to your level | Sell at a higher price than current market |
| Buy Stop | When price rises above your level | Buy on breakout upward |
| Sell Stop | When price drops below your level | Sell on breakout downward |
Tip: Buy Limit must be set below the current market price. Sell Limit must be set above. Buy Stop must be above. Sell Stop must be below. The terminal will show you the pip distance from mid-price as you set your level.
After placing a pending order:
- It appears in the Pending tab at the bottom of the terminal.
- A horizontal line appears on the chart showing your pending order level.
- A confirmation notification appears: "Pending order placed"
- When triggered, it moves to the Open tab automatically.
Quick actions
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