Orders¶

An order is an instruction to buy or sell a symbol when specific conditions are met. cTrader Mobile supports four order types: market, limit, stop and stop-limit.

Place orders¶

You place orders from the Place order menu. Open it from any of these places:

Main menuMarkets appPositions app

Tap the cTrader icon or swipe right from the Markets, Positions or Blotter app, then tap Place new order.

Tap New order in the watchlist or tap Sell/Buy on a symbol row to open Place new order with the direction already set.

Tap the New order button, available from the Positions and Orders tabs.

With Quick Trade on, you can place market orders immediately from the symbol overview: tap Sell or Buy in the Symbol section.

With it off, appearance of these buttons change and it opens the Place order menu with the direction already set.

Place a market order¶

A market order fills immediately at the best available price.

To place a market order:

1. Choose Market as the order type.
2. Select a symbol to trade, or continue with the active one.
3. Click Sell/Buy to select the trading direction.
4. Specify the trade size by selecting a value from the list or typing a number.
5. Tap Place order.

Optional steps include:

• Market range – select the maximum deviation in pips from the current price at which your order can be filled.

  Warning

  If Market range is enabled and set very close to zero, your order may not be filled because no price deviation is allowed, and the requested price might no longer be available during execution.

• Take profit – set one or more target price levels to scale out of the position as the market moves in your favour.

• Stop loss – set values to limit potential losses.
• Trailing stop loss – keep your stop loss a fixed number of pips from the current price as the market moves in your favour.
• Break-even – set values that place a stop loss at the entry price when the specified trigger level is reached.
• Comment – add a note to your order.

Place a limit order¶

A limit order fills only at your specified entry price or a better one.

To place a limit order:

1. Choose Limit as the order type.
2. Select a symbol to trade, or continue with the active one.
3. Click Sell/Buy to select the trading direction.
4. Specify the trade size by selecting a value from the list or typing a number.
5. Set Entry price at which you want your order to be filled. For a buy limit order, the price must be below the current ask price, and the order will only be executed at the limit price or lower. For a sell limit order, the price must be above the current bid price, and the order will only be executed at the limit price or higher.
6. Tap Place order.

Optional steps include:

• Expiry – set the date and time when the pending order will automatically expire if it is not triggered by the entry price.

  Warning

  If the order is triggered shortly before expiry, it will still be sent for execution and may be filled even after the selected expiry time. Pending orders without an expiry remain active until they are triggered by the price or cancelled manually.

• Take profit – set one or more target price levels to scale out of the position as the market moves in your favour.

• Stop loss – set values to limit potential losses.
• Trailing stop loss – keep your stop loss a fixed number of pips from the current price as the market moves in your favour.
• Break-even – set values that place a stop loss at the entry price when the specified trigger level is reached.
• Comment – add a note to your order.

Place a stop order¶

A stop order triggers a market order once the price reaches your entry price.

To place a stop order:

1. Choose Stop as the order type.
2. Select a symbol to trade, or continue with the active one.
3. Click Sell/Buy to select the trading direction.
4. Specify the trade size by selecting a value from the list or typing a number.
5. Set Entry price that will trigger the order. For a buy stop order, the price must be above the current ask price, and the order will only be executed when the market reaches or exceeds this level. For a sell stop order, the price must be below the current bid price, and the order will only be executed when the market reaches or falls below this level.
6. Tap Place order.

Optional steps include:

• Trigger – set whether the bid or ask price triggers a stop order:
  • Trade – buy stop orders are triggered by the ask price, and sell stop orders are triggered by the bid price.
  • Opposite – buy stop orders are triggered by the bid price, and sell stop orders are triggered by the ask price.
  • Double trade – buy stop orders are triggered by two consecutive ticks of the ask price, and sell stop orders are triggered by two consecutive ticks of the bid price.
  • Double opposite – buy stop orders are triggered by two consecutive ticks of the bid price, and sell stop orders are triggered by two consecutive ticks of the ask price.

• Expiry – set the date and time when the pending order will automatically expire if it is not triggered by the entry price.

  Warning

  If the order is triggered shortly before expiry, it will still be sent for execution and may be filled even after the selected expiry time. Pending orders without an expiry remain active until they are triggered by the price or cancelled manually.

• Take profit – set one or more target price levels to scale out of the position as the market moves in your favour.

• Stop loss – set values to limit potential losses.
• Trailing stop loss – keep your stop loss a fixed number of pips from the current price as the market moves in your favour.
• Break-even – set values that place a stop loss at the entry price when the specified trigger level is reached.
• Comment – add a note to your order.

Place a stop-limit order¶

A stop-limit order triggers a limit order within a defined limit range once the price reaches your entry price.

To place a stop-limit order:

1. Choose Stop-limit as the order type.
2. Select a symbol to trade, or continue with the active one.
3. Click Sell/Buy to select the trading direction.
4. Specify the trade size by selecting a value from the list or typing a number.
5. Set Entry price that will trigger the order. For a buy stop-limit order, the order is triggered when the ask price reaches or exceeds the entry price. For a sell stop-limit order, the order is triggered when the bid price reaches or falls below the entry price.
6. Set Limit range in pips to define the price range within which the order will be filled after it is triggered.
7. Tap Place order.

Optional steps include:

• Trigger – set whether the bid or ask price triggers a stop-limit order:
  • Trade – buy stop-limit orders are triggered by the ask price, and sell stop-limit orders are triggered by the bid price.
  • Opposite – buy stop-limit orders are triggered by the bid price, and sell stop-limit orders are triggered by the ask price.
  • Double trade – buy stop-limit orders are triggered by two consecutive ticks of the ask price, and sell stop-limit orders are triggered by two consecutive ticks of the bid price.
  • Double opposite – buy stop-limit orders are triggered by two consecutive ticks of the bid price, and sell stop-limit orders are triggered by two consecutive ticks of the ask price.

• Expiry – the date and time when the pending order expires if it has not triggered.

  Warning

  If the order is triggered shortly before expiry, it will still be sent for execution and may be filled even after the selected expiry time. Pending orders without an expiry remain active until they are triggered by the price or cancelled manually.

• Stop loss – set values to limit potential losses.

• Trailing stop loss – keep your stop loss a fixed number of pips from the current price as the market moves in your favour.
• Break-even – set values that place a stop loss at the entry price when the specified trigger level is reached.
• Take profit – set one or more target price levels to scale out of the position as the market moves in your favour.
• Comment – add a note to your order.

Manage pending orders¶

All pending orders are listed in the Orders tab of the Positions app. Here you can modify and cancel pending orders.

Modify pending orders¶

Tap an order in the Orders tab to open the Modify pending order menu.

In the Modify pending order window, the following options are available:

• Quantity/Volume – the volume to trade.
• Entry price – the price at which the order fills or triggers.
• Trigger side – which price stream activates the order: trade, opposite, double trade or double opposite.
• Limit range – for stop-limit orders, the price range within which the order may fill.

• Expiry – the date and time when the order is cancelled automatically if it has not triggered.

  Warning

  If a pending order is triggered by the entry price shortly before expiry, it will still be sent for execution and may be filled even after the selected expiry time.

• Stop loss – the price at which the position closes to cap a loss.

• Trailing stop loss – a stop loss that follows the market as it moves in your favour.
• Take profit – the price at which the position closes in profit.
• Break-even – a stop loss moved to the entry price once a trigger level is reached.

Tap Modify to save.

Cancel pending orders¶

To cancel pending orders, do one of the following:

Orders tabOrder menuChart

In the Orders tab, tap next to an order, or tap Cancel all to cancel all pending orders.

Tap an order to open the Modify pending order menu, then tap Cancel order.

Tap on the order control. See chart trading.