Connected orders
If you would like the positions to be closed automatically when the prices reach a definite level, you have to connect special orders to the position. The order by which the position is closed with profit when its price is reached is called “Take profit”. The order by which the position is closed with loss when its price is reached is called “Stop loss”. You can place both of these orders or only one of them. By these orders the positions are wholly closed, with the entire volume.
Order "Stop loss" could work (and created) in the mode of "Trailing Stop distance". This mode provides a fixed distance Stop-loss orders from the market quotations currency pair. If the mode Trailing-Stop (T / S) specified, while movement quotations upward profit the price of the order “Stop loss” shifted so that a distance (the order from the market) remained constant, and when movement quotations to reduce profit the price of tht order “Stop loss” is not changed.
These orders and mode “Trailing Stop distance” can be set directly in the deal dialog “Make deal”, by putting a mark on the corresponding field by entering the working price of the order. These orders can also be set (or changed) on a previously opened position. For this, in the window “Open positions”, through context menu on the line with the position the command “Position orders” is performed.
This command opens the window in which these orders are placed or modified. We want to draw your attention to the fact that in the example given on the figure, we set the order on position “Buy” by EURUSD with current quotation of the pair= 1.2926. Therefore the level of “Take profit” must be higher than current quotation, and the level of “Stop loss” must be lower. The information about the orders appears in the window “Orders” and the levels of their prices are seen also on the corresponding columns of the window “Open positions”. |