Order Types
At all times trader may execute a new trade where it is made possible for the trader to choose between variations of existing Order Types and Trade Actions: Market Order – Buy Entry Limit Order – Buy Entry Stop Order – Buy Market Order - Sell Entry Limit Order – Sell
Entry Stop Order – Sell
NEW MARKET ORDER MENU
Market Order
Market Order function executes the trade at the current market price.
In order to execute the trade, please perform the following:
• In the Dealing Desk screen navigate towards an Instrument (Currency) you would like to trade and tap the appropriate button - Buy on the left and Sell on the right.
DEALING RATES SCREEN
MARKET ORDER SCREEN
Displayed Fields:
|
| Buy / Sell: |
Specifies Instrument’s trading actions |
| Price: |
Current price |
| Account: |
Number of the account |
| Lot: |
Traders enter the number of lots / mini lots |
| Trader Range: |
Trader's range |
• Tap on the Account field to choose the needed the trading account with which this order should be associated
• Tap the Lot field to set the number of lots. Minimum Amount of lots required is 1 • Tap the Trader's Range field, to make adjustments
• When required fields are filled in press OK • A Warning Screen will pop up, confirm your actions by tapping Yes. • When confirmed the program will take you back to the Rates screen
• You may view this trade in the Positions screen of Thunder Mobile Trading System Entry Limit Orders This type of orders usually aims at future opening positions when the market price reaches the level higher than the current market price.
NOTE: Both Entry Stop/ Entry Limit Orders are executed only when the market value of an Instrument (Currency) reaches the predefined by the trader financial level.
In order to execute the trade, please perform the following: • In the Dealing Desk screen navigate towards an Instrument (Currency) you would like to trade and tap the appropriate button - Buy on the left and Sell on the right.
NEW MARKET ORDER MENU
• Tap Entry Limit Order Buy (depending on the Buy/Sell menu, that was selected earlier) or Entry Limit Order Sell.
• You will be redirected to the Entry Limit Order screen
ENTRY LIMIT ORDER SCREEN
Displayed Fields:
|
| Buy / Sell: |
Specifies Instrument’s trading actions |
| Account: |
Number of the account |
| Price: |
Your price should less or equal to the figure provided in this field |
| Lot: |
Traders enter the number of lots / mini lots |
| Duration: |
|
• Tap on the Account field to choose the needed the trading account with which this order should be associated
• Tap on the Price field to adjust the price • Tap the Lot field to set the number of lots. Minimum Amount of lots required is 1 • When required fields are filled in press OK • A Warning Screen will pop up, confirm your actions by tapping Yes. • When confirmed the program will take you back to the Rates screen
• You may view this trade in the Orders screen of Thunder Mobile Trading System
Entry Stop Orders This type of orders usually aims at future opening positions when the market price reaches the level, lower than the current market price.
NOTE: Both Entry Stop/ Entry Limit Orders are executed only when the market value of an Instrument (Currency) reaches the predefined by the trader financial level.
n order to execute the trade, please perform the following: • In the Dealing Desk screen navigate towards an Instrument (Currency) you would like to trade and tap the appropriate button - Buy on the left and Sell on the right.
NEW MARKET ORDER MENU
• Tap Entry Limit Order Buy (depending on the Buy/Sell menu, that was selected earlier) or Entry Limit Order Sell.
• You will be redirected to the Entry Limit Order screen
ENTRY STOP ORDER SCREEN
Displayed Fields:
|
| Buy / Sell: |
Specifies Instrument’s trading actions |
| Base Instrument: |
Specifies the base instrument for this account |
| Account: |
List of accounts with which this order should be associated |
| Your price: |
Your new price must be higher than or equal to the current price |
| Lot: |
Traders enter the number of lots / mini lots |
• Tap on the Account field to choose the needed the trading account with which this order should be associated
• Tap on the Price field to adjust the price • Tap the Lot field to set the number of lots. Minimum Amount of lots required is 1 • When required fields are filled in press OK • A Warning Screen will pop up, confirm your actions by tapping Yes. • When confirmed the program will take you back to the Rates screen
• You may view this trade in the Orders screen of Thunder Mobile Trading System
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