MB trading order type

Order

Limit Order
Indicates buying or selling at the specified price. The price limit (buy limit) Order will only be executed at the specified price or a lower (of course, better) price) the order will only be executed at the specified price or a higher price. For example, if you set a price limit purchase order, the transaction price of this order will be the price you specified or a better price, that is to say, you may buy at a lower price instead of the specified price you submit. Please note that in the fast-moving market, the price may directly skip your specified price before closing your price limit order, however, using a price order can also protect you from buying currencies at a position higher than your specified price.

Example 1:Currently, the price for EUR/USD is (1.1895x1.1896). If you want to create multiple positions at the current purchase price, you must set the price limit to 1.1896.

Potential situations:Currently, the price for EUR/USD is (1.1895x1.1896). At the same time, you have set an order to buy at the price limit of 1.1896. At this time, the price jumps to (1.1894x1.1895 ), in this way, the purchase price changes to 1.1895, and your price limit order will also be sold at 1.1895. Such a deal at a lower price can be seen as an improvement in the deal price.

Example 2:The current price for EUR/USD is (1.1895x1.1896). If you set an order to buy at a price of 1.1899, your order will be traded at any price at this time (as long as the purchase price is equal to or better than (that is, less than) the price you set is 1.1899 ). Therefore, if the best purchase price is 1.1896 at this time, it means that the price limit purchase order you set for 1.1899 will be sold at 1.1896 (if you want to set a price limit ticket to be bought above the current price, see stop limit or renew an order ).

Example 3:Currently, the price for EUR/USD is (1.1895x1.1896). If you set an order for selling at a 1.1890 price, your order will be sold at any price at this time (as long as the current sold price is equal to or better than (that is, higher than) the price you set is 1.1890 ). Therefore, if the current sell price is 1.1895, the order you set to sell at the 1.1890 limit will be sold at 1.1895. (If you want to set a price limit order that is sold below the current price, please refer to the stop limit or limit order)

Example 4:Currently, the price for EUR/USD is (1.1895x1.1896). If you set an order for selling at a 1.1899 price, your order will not be sold until the sale price reaches 1.1899.

Market price list
A market order is an order that is bought or sold at the current market price. The advantage of a market price order is that your order is always executed as you wish. The disadvantage is that the price of your order may not be the real-time quotation you see when placing the order. This situation occurs especially in markets with fast price changes and sharp price fluctuations. When you place a market order, Your order will be closed immediately, and the transaction price may be different from the quoted price shown at that time.

Example:When you click the "Buy at market price" or "sell at market price" button, the transaction price of your order will be the current market price when the bank receives your order. This quotation may be different from the market quotation you saw when placing an order.

Market price order
This order refers to buying or selling when the market price reaches or goes through the specified price. This order will be used in the following two cases: 1. When a trader opens a warehouse (multiple or empty warehouse), it will close the position when the market is in the opposite direction as expected; 2, or a trader wants to open a warehouse when the market price reaches the specified price. In a stop loss sales order, the stop loss price should be set below the current market selling price; In a stop loss purchase order, the stop loss price should be set above the current market buying price. The order is not guaranteed to be executed at or near the stop price. Once the stop loss order is activated, the order will be converted to market (market price order), and then executed in the form of market price order (see market price order description.

Example:Most of these orders are for protection purposes. For example, if we open a multi-order of EUR/USD at the position of 1.1888, we consider that if the market direction determines an error, a maximum loss of 10 points can be made, we can set a stop loss order with a stop loss price of 1.1878.

Order with limited damage limit
The difference is only one word from the stop market order. Once the order is activated (when the market price reaches or the stop-loss price is set), the order will not change to market order (market price order), but to limit order (price order ). The advantage of this order is that your order will be sold at the price you specified. The disadvantage is that your order may not be sold, and in this case your losses may increase, until you close the position.

Example:This order is mainly for the purpose of protection. If we open multiple orders for EUR/USD at the location of 1.1888. We consider that if the market direction determines an error, a maximum loss of 10 points is allowed. However, we do not want to deal with the current market price list, but get a deal at the price we set or at a higher price than ours, so we must choose to stop the damage limit order. At this time, you need to enter the stop price and the price limit. For example, if your stop price is set to 1.1880 and the price is set to 1.1878, the order will be sold at 1.1878 or a better price (higher than the price.

In some Transaction Strategies, we need to set a reasonable interval between the stop price and the limit price when using the stop loss price order. The reason for this is to increase the possibility of a transaction at the specified price (price limit) and reduce the potential risk of skipping the specified price.

Trailing stop)
This order is synchronized with the price trend, reducing the loss caused by callback, without the need to keep an eye on the price. The price of the stop-loss tracking will automatically move as the market price changes, and this is automatically handled by the system, so that when your network is interrupted, your order will still be protected.

When using stop loss tracking, it is necessary to answer this question: Do you know how each currency pair calculates a point? 1 point refers to the change of the last digit in the exchange rate (that is, the change of 1 point ).

Example 1:EUR/USD =. 0001

Example 2:USD/JPY 1 point =. 01

Example:When you set the stop loss, it is necessary to know the calculation method of a point of the currency pair. For example, if we open a multi-order of EUR/USD near 1.1888, we want to set a stop-loss order for tracking 12 points. Then we should enter 0.0012. for USD/JPY, it should be set to 0. 12. At this time, our stop-loss price will be below the selling price by 12 points. So if the current sell price is 1.1887, then our initial stop-loss price is 1.1875. If the sales price increases to 1.1902, our new stop price will be set to 1.18990. As mentioned above, please note that our stop price is subject to one-way changes with price changes. If the bid is increased to 1.1902 and the call back to 1.1890 immediately, the order will be closed.

Threshold triggered Order (orders)
This order specifies two prices, one high price and one low price. Once a market quotation triggers any price, the corresponding market order will be sent to the market. This order model is designed to limit potential losses and lock potential profits.

Explanation:Many Forex traders want to set both profit and loss stop orders, and they want the other order to be automatically canceled when any order is triggered. The corresponding transaction policy is the renewal order. This type of order allows you to set up two prices at the same time. If the price is triggered first, a market order is sent.

In addition, it is necessary to let you know how to set up an independent token. An independent token means that this token does not belong to a combo order (see the combo order below ). To see the renewal order setting window, right-click the blank area of the oes (transaction panel) and select renewal. Then you can set the independent renewal. Enter the correct number of hands and the upper and lower prices, and then press the buy, offset, or sell button left based on your desired order mode.

Once the price reaches or is higher than the upper price you set, the upper price switch is activated. Once the price reaches or is lower than the lower price you set, the lower price switch is activated.

Transaction Panel (OEs) button list:

1. Buy-- If you do not have a position, click "buy" to create a new multi-headed position. If you already have a short position, clicking the Buy button means closing the position.
2. Sell-- If you already have a long position, clicking this button means closing the position. If no position exists, click this button to create a short position.
3. Bytes-Implies you have an open long position in the pair currently loaded in the oes. click this button to close a long position or establish a short position if you have no long position (if you have no long position "exist" button shocould be named "short ").
4. Short-- Click this button to create a short position or close a long position.

Example:We have already set up a multi-headed position. In this case, we want to set an order that can stop the position at the XX price or stop the position at the XX price. At the same time, the order in any direction is executed, the order in the other direction is automatically canceled. At this time, you can choose to renew the order. This order allows you to set two prices. Once one of the prices is triggered, the entire renewal order is activated and a spot price order is sent.

Example:We purchased EUR/USD at the 1.1888 position. Our strategy is to stop profit at the price above 30 or below 10. If we select "RENEWAL", we will set one price to 1.1918 and the other to 1.1878. If any price is first triggered, the system will issue a market price order. If you want to change any price for some reason, you must cancel the order and set a new renewal.

"Combo (joint)" Order
A combo order refers to a joint order that contains two different types of orders. When the first part of the combined order is executed (buy or sell), the transaction system will send another part of the order. For example, if we set a purchase market + marketplace order (current price + marketplace), the system will first send the market price purchase order. When the market price order is executed, the system will automatically send the order for selling the marketplace. The same applies to orders that sell marekt + marketplace.

Limit + limit (price limit + limit)
The combined order will first send a price limit order (buy or sell). Once the price limit order is executed, the system will send a sell or buy order in the opposite direction ). Note: Once a price limit order is executed, a corresponding shard will be sent, and the two prices are pre-set. Remember, once the system sends out the corresponding renewal order, if you want to change any price, you must cancel the order and then reset the new renewal.

Example:Buy Limit + limit, where the maximum price is 1.1888 to buy EUR/USD. After you have set the price limit, the system will prompt you to set the upper and lower prices of the shard. Once the limit statement is executed, the system will automatically send the token. for example, after the multi-ticket created in 1.1888, our previous strategy is to stop at the position of + 30, that is, 1.1918 at the position of-10, that is, 1.1878. If the current sales quotation has changed to 1.1908, that is, we have made a profit of 20 points. At this time, our rational judgment is to lock at least 10 to 15 points for profit, then we must change the lower price switch of the offer. To do this, we need to cancel it and then reset the token. Once canceled, we must go to the transaction Panel (OEs) under the signature template to set a new token. We set the above price to 1.1918, that is, we still hope to get a 30-point profit, but the price below is changed to 1.1900. After the configuration, once the market selling price is adjusted back from 1.1908 to 1.1900, the price below will be triggered, so we will lock the profit at 12 points.

Limit + trailing stop (price limit + stop tracking)
First, execute the limit order. Once the limit order is executed, the trailing stop order in the opposite direction is activated.

Limit + stop (price limit + stop loss)
First, execute the limit order. Once the limit order is executed, the Stop Market Order in the opposite direction is activated.

Market + marketplace
First, execute the market order (buy or sell). Once executed, the corresponding Shard is activated.

Market + trailing stop
First, execute the market order. Once executed, the trailing stop order in the opposite direction is activated.

Stop Limit + commit
First, execute the stop limit order. Once the stop limit order is activated (that is, the current quotation reaches or the stop price), the order is converted to a limit order, which will be executed at the price you specified or at a better price, after execution, the renewal order in the opposite direction is activated.

Stop + quit
First, execute the stop marekt order. Once executed, the reverse order is activated.

Stop + trailing stop
First, execute the stop marekt order. Once executed, the trailing stop order in the opposite direction is activated.

 

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