Placing orders is easy
To accommodate every trader and every trading style, orders can be placed in many different ways. But ... the order execution will always be high speed and error free.
Order tickets
The order ticket is the traditional way of placing an order. Unique is the fact that while you place a stop order or a limit order, you already see the line in the chart. You can grab the line and visually slide it to the perfect price level. Quick, easy and precise!
Bracket orders (contingent orders)
Clicking the Buy or Sell buttons in the chart opens the order ticket. This trader is placing a market order. By selecting "Add Contingent Orders" he instructs the platform to automatically place a target and a stop order after he launches his market order. These are the horizontal red lines. It is possible to slide these orders in the chart.
In this example the trader placed his target on a resistance level and his stop on a support level.
If either the target or the stop order is executed, the remaining order is cancelled automatically. This is called 'OCO', one cancels other.
The TradeWizard
Novices placing their first orders can use the trade wizard. The wizard takes the trader step-by-step through the order process. An error is not possible. Furthermore, every client has a free permanent demo to practice placing orders.
Semi-automated and automated orders
In semi-automated trading the trader opens the position manually and instructs the platform to close the position automatically when his criteria are met. In automated trading the platform opens and closes positions automatically.
The SpeedTrader
The Speedtrader consists of the order book and the orderpad
Orders can be placed directly in the order book. One click in the relevant column is sufficient to place the order at the desired price level.
The orderpad offers 8 buttons for placing one-click orders and 4 buttons for managing orders. The following one-click buttons for placing orders are available:
- Buy at market price.
- Sell at market price.
- Buy 1 lot.
- Sell 1 lot.
- Reverse my position (switch a long position into a short sell position or vice versa).
- Double my position.
- Keep my buy limit order always on the bid price (to avoid the spread).
- Keep my sell limit order always on the ask price (to avoid the spread).
The ChartTrader
The ChartTrader can be added to every chart. By clicking in the ChartTrader market, limit and stop orders can be placed in one click.
It is also possible to link orders (OCO, one cancels other) via the ChartTrader. If one order is executed, the other order is automatically cancelled.
Sliding orders and cancelling orders
Traders can grab any working order in the chart and simply slide it to a new price level. There is no need to cancel and replace.
Right-click an order in the chart to cancel it.
The tactic tools
Trade with surgical precision
The blue tactic buttons allow traders to manage orders and positions with speed and precision.
One click is sufficient to:
- Convert a stop order into a trailing stop or a break-even stop.
- Raise the stop by one tick.
- Lower the stop by one tick.
- Join the bid.
- Join the ask.
- Bid +1.
- Ask -1.
Your indicators place orders
The Tactic Orders tool is an easy method to automate your orders. Tactic Orders is perfect for traders who use many technical analysis indicators.
This trader uses three indicators and selected "Unanimity". When all three indicators are bearish, a position is bought. The orders can be placed automatically or only after confirmation by the trader.
Time-based orders
'Good after time' orders
Market, stop and limit orders with the time parameter 'Good After Time' are activated at a particular point in time chosen by the trader.
'Good between' orders
Market, stop and limit orders with the time parameter 'Good Between' are activated and afterwards cancelled at the times chosen by the trader.
Most trading platforms are simply not capable of handling time-based orders. In the case of CFD-Forex orders the PC must be on. These are the advantages of time-based orders:
- Orders are placed at a time of your choice.
- Orders are cancelled at a time of your choice.
- You don't have to wait behind your trading platform to place an order.
- Easy to use.
- Free.