Orders

Orders are attempts made by the platform to match your trade request to current market liquidity.

Orders window

Click on the Orders tab to bring up a complete list of all orders and order options

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  1. Info window: Click this icon to open the order info window.
  2. Modify order: Click this icon to modify an order. This button is only enabled for pending limit and stop orders.
  3. Search and filter: Use the search box and dropdown menus to find the order(s) you're looking for.
  4. Cancel orders: Click to cancel pending limit and stop orders only. The Cancel All button will cancel all pending limit and stop orders.
  5. Columns: Show you information about each order.
Order tab columns
ID Unique order ID.
Status Current status of the order.
Direction Buy or Sell
Order Type Type of order.
Submitted Time Time the order was created.
Symbol Symbol for which the order has been placed
Current Quantity Current Requested Quantity.
Current Volume Current Requested Volume.
Submitted Quantity Initial order quantity requested. This may be different to your initial position requested quantity, as the position may have attempted to use multiple orders to fill.
Filled Quantity Quantity filled.
Submitted Price The price of entry you set or clicked on for this order.
Limit Range The limit range of the order
Distance The distance from spot price in pips
Spot Price The current spot price
TiF Time In Force
Expiry Date and time at which a pending limit or stop or will be cancelled if not filled.
T/P Current Take Profit rate
S/L Current Stop Loss rate
Comment Comment
Partials Partial fills are always allowed.
Channel The channel from which this order was sent

Video - Limit and Stop Orders

Types of pending orders

When placing a limit, a stop order or a stop limit order, you are instructing the platform to sell or buy if the currency pair moves away from its current price and reaches a specified rate.

Stop Orders

With a Stop Order, once the symbol price reaches the entry price you set, a Market Order will be automatically sent and the order will be filled at the best available price. That means that you will sometimes be filled outside of the exact price you set, as the market may move in between the time it takes for your order to be sent and your order to be filled.

For example, if you want to sell a currency which is currently trading at 1.3000, you can place a stop order at that price.

Limit Orders

For Limit Orders, the price you set is the maximum or minimum price at which you are willing to buy or sell. Your order will be filled either at the exact price you set, or a more favorable price for the direction of your order.

For example, if you want to sell GBPUSD which is currently quoted at 1.3000 (Bid), you can set a limit order for 1.3200. This guarantees that your order will be worse than 1.3200

Stop Limit Orders

A Stop Limit Order is a combination of a Stop Order and a Limit Order. The combination of the two orders offers to the investor much greater precision in executing the trade. Contrary to a Stop Order that is filled at the market price after the stop price has been hit, regardless of whether the price changes unfavorably. A Stop Limit Order places an order that sets a limit to the price that the investor accepts for the order. While a Stop Order can lead to trades being filled at less desirable prices, combining it with the features of a Limit Order, the order is cancelled once the price falls outside of the desirable range, based on the traders Limit Range.

For example, if you want to sell EURGBP and the quote is currently at 0.88000 (Bid) / 0.88020 (Ask), you can place a stop limit order to sell at 0.87990. Let’s suppose that you don’t want the filled price to be worse than 0.87970. You place a limit range of 2 pips. Once the Bid price reaches 0.87990 a Sell Limit 0.87970 order will be placed and filled at price equal or better than 0.87970, otherwise cancelled.

This feature allows you to benefit from a limit order and place the sell order below the market. Sell Limit Orders must be placed above the market.

Order Types

Buy Limit - an order to open a BUY position at a lower price than the price at the moment of placing the order. Orders of this type are usually placed in anticipation that the security price, having fallen to a certain level, will increase.

Buy Stop - an order to open a BUY position at a higher price than the price at the moment of placing the order. Orders of this type are usually placed in anticipation that the security price, having reached a certain level, will keep on increasing.

Buy Stop Limit - an order to open a BUY position at a higher price than the price at the moment of placing the order. Orders of this type are usually placed in anticipation that the security price, having reached a placing the order. Orders of this type are usually placed in anticipation that the security price, having reached a certain level, will keep on increasing. Buy Stop Limit offers higher precision than Buy Stop since it allows to place a limit range within which the trader accepts the price.

Sell Limit - an order to open a SELL position at a higher price than the price at the moment of placing the order. Orders of this type are usually placed in anticipation that the security price, having increased to a certain level, will fall.

Sell Stop - an order to open a SELL position at a lower price than the price at the moment of placing the order. Orders of this type are usually placed in anticipation that the security price, having reached a certain level, will keep on falling.

Sell Stop Limit - an order to open a SELL position at a lower price than the price at the moment of placing the order. Orders of this type are usually placed in anticipation that the security price, having reached a certain level, will keep on falling. Sell Stop Limit offers higher precision than Sell Stop since it allows to place a limit range within which the trader accepts the price.

Note: When creating a pending order, the allowed size of the order is not associated with the available margin. In case a pending order is triggered and there is not enough margin to be executed then the order is canceled.

Create an order

To create an order in cTrader you can select a “Create New Order” button anywhere in the application and select “Market Order” from the menu in the newly opened window.

Create a Market Order

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  1. Click to set a price alert.
  2. Click Place Order to set the pending order.
  3. Select the Symbol you want to Buy or Sell. Hover over the “i” icon to get more information on this Symbol. “o” icon next to the Symbol’s title indicates whether the Symbol is open for trading. If it is not, the icon will be changed to . Keep in mind that in some rare cases the status of the Symbol can be “Close Only”, which means that you cannot open any new positions for this Symbol. This status would be indicated by “⇓” icon. Another rare status would be “Buy Only”, which only allows you to go long on this Symbol. The indicator of this status would be “⇑” icon.
  4. Click one of the two buttons to place a Market Order. The orange button will place a Sell Market Order and the green button will place a Buy Market Order.
  5. Select the trade volume – the size of the order.
  6. Select the maximum deviation of the current market price at which the order can be filled.
  7. If you want to use Stop Loss or Take Profit, check the respective checkboxes.
  8. In the fields below the checkboxes, you should configure the amount of pips for the Stop Loss and Take Profit to be executed. When you set those values in pips cTrader will automatically calculate the amount you earn or lose in both: percentage of your account’s balance and your account currency. CTrader will also calculate the prices at which your Stop Loss and Take Profit levels will be set after the order is filled in relating to both: the price that you set for the order to be filled and the current spot price. Hover over the “i” icon to get more information on the field right next to it.
  9. To activate the Stop Loss that will be automatically moved in case the price goes in your favor, check the Trailing Stop checkbox.
  10. If you would like to add a comment to the order, you can use the comment section.
Create a Stop Order

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  1. Hover your cursor over “i” icon next to New Pending Order to see the hint about the difference between Stop and Limit orders.
  2. Select the Symbol you want to Buy or Sell. Hover over the “i” icon to get more information on this Symbol. “o” icon next to the Symbol’s title indicates whether the Symbol is open for trading. If it is not, the icon will be changed to . Keep in mind that in some rare cases the status of the Symbol can be “Close Only”, which means that you cannot open any new positions for this Symbol. This status would be indicated by “⇓” icon. Another rare status would be “Buy Only”, which only allows you to go long on this Symbol. The indicator of this status would be “⇑” icon.
  3. Configure the order type. You can switch it from Buy to Sell. Depending on your choice of order the price field (3) may become invalid, for example, a Buy Stop order can not be placed below the Ask price, this restriction is simply due to the nature of the order.
  4. Set the price at which you want your order to be filled (for a Limit Order) or triggered (for a Stop Order).
  5. Select the trade volume – the size of the order.
  6. To set the expiration date for your pending order, check the respective checkbox and set the exact date and time. By default, your pending order will be Good Till Canceled.
  7. If you want to use Stop Loss or Take Profit, check the respective checkboxes.
  8. In the fields below the checkboxes, you should configure the amount of pips for the Stop Loss and Take Profit to be executed. When you set those values in pips cTrader will automatically calculate the amount you earn or lose in both: percentage of your account’s balance and your account currency. CTrader will also calculate the prices at which your Stop Loss and Take Profit levels will be set after the order is filled in relating to both: the price that you set for the order to be filled and the current spot price. Hover over the “i” icon to get more information on the field right next to it.
  9. To activate the Stop Loss that will be automatically moved in case the price goes in your favor, check the Trailing Stop checkbox.
  10. If you would like to add a comment to the order, you can use the comment section.
  11. Click this button if you want to view/hide the chart in the right-hand section.
  12. Click Place Order to set the pending order.
Create a Limit Order

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  1. Hover your cursor over “i” icon next to New Pending Order to see the hint about the difference between Stop and Limit orders.
  2. Select the Symbol you want to Buy or Sell. Hover over the “i” icon to get more information on this Symbol. “o” icon next to the Symbol’s title indicates whether the Symbol is open for trading. If it is not, the icon will be changed to . Keep in mind that in some rare cases the status of the Symbol can be “Close Only”, which means that you cannot open any new positions for this Symbol. This status would be indicated by “⇓” icon. Another rare status would be “Buy Only”, which only allows you to go long on this Symbol. The indicator of this status would be “⇑” icon.
  3. Configure the order type. You can switch it from Buy to Sell. Depending on your choice of order the price field (3) may become invalid, for example, a Buy Stop order can not be placed below the Ask price, this restriction is simply due to the nature of the order.
  4. Set the price at which you want your order to be filled (for a Limit Order) or triggered (for a Stop Order).
  5. Select the trade volume – the size of the order.
  6. To set the expiration date for your pending order, check the respective checkbox and set the exact date and time. By default, your pending order will be Good Till Canceled.
  7. If you want to use Stop Loss or Take Profit, check the respective checkboxes.
  8. In the fields below the checkboxes, you should configure the amount of pips for the Stop Loss and Take Profit to be executed. When you set those values in pips cTrader will automatically calculate the amount you earn or lose in both: percentage of your account’s balance and your account currency. CTrader will also calculate the prices at which your Stop Loss and Take Profit levels will be set after the order is filled in relating to both: the price that you set for the order to be filled and the current spot price. Hover over the “i” icon to get more information on the field right next to it.
  9. To activate the Stop Loss that will be automatically moved in case the price goes in your favor, check the Trailing Stop checkbox.
  10. If you would like to add a comment to the order, you can use the comment section.
  11. Click this button if you want to view/hide the chart in the right-hand section.
  12. Click Place Order to set the pending order.
Create a Stop Limit Order

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  1. Hover your cursor over “i” icon next to New Pending Order to see the hint about the difference between Stop and Limit orders.
  2. Select the Symbol you want to Buy or Sell. Hover over the “i” icon to get more information on this Symbol. “o” icon next to the Symbol’s title indicates whether the Symbol is open for trading. If it is not, the icon will be changed to . Keep in mind that in some rare cases the status of the Symbol can be “Close Only”, which means that you cannot open any new positions for this Symbol. This status would be indicated by “⇓” icon. Another rare status would be “Buy Only”, which only allows you to go long on this Symbol. The indicator of this status would be “⇑” icon.
  3. Configure the order type. You can switch it from Buy to Sell. Depending on your choice of order the price field (3) may become invalid, for example, a Buy Stop order can not be placed below the Ask price, this restriction is simply due to the nature of the order.
  4. Set the price at which you want your order to be filled (for a Limit Order) or triggered (for a Stop Order).
  5. Set the Limit Range of your Stop Limit Order.
  6. Select the trade volume – the size of the order.
  7. To set the expiration date for your pending order, check the respective checkbox and set the exact date and time. By default, your pending order will be Good Till Canceled.
  8. If you want to use Stop Loss or Take Profit, check the respective checkboxes.
  9. In the fields below the checkboxes, you should configure the amount of pips for the Stop Loss and Take Profit to be executed. When you set those values in pips cTrader will automatically calculate the amount you earn or lose in both: percentage of your account’s balance and your account currency. CTrader will also calculate the prices at which your Stop Loss and Take Profit levels will be set after the order is filled in relating to both: the price that you set for the order to be filled and the current spot price. Hover over the “i” icon to get more information on the field right next to it.
  10. To activate the Stop Loss that will be automatically moved in case the price goes in your favor, check the Trailing Stop checkbox.
  11. Click this button if you want to view/hide the chart in the right-hand section.
  12. If you would like to add a comment to the order, you can use the comment section.
  13. Click Place Order to set the pending order.

Modify a pending order

You can modify your stop loss, take profit, entry rate and expiry date for any limit or stop order.

You cannot change the volume amount for a pending order - if you would like to enter a different volume, you can delete the order and create a new order with your new desired volume.

To modify a limit order or stop order

  1. From TradeWatch, click the Orders tab.
  2. Bring up the modify order screen. You can do this by:

    • Double-clicking the order line you want to modify
    • Clicking the gear icon on the order line
    • Right clicking the order line and selecting Modify Order
    • Double-clicking the order line on the chart. (You can also click and drag the order lines to modify your positions on the fly. See the next section for details).

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  3. The order screen will appear with your order selected. If you have more than one order in your order list, it's a good idea to double check that you clicked ont he right order by looking at the Symbol option.

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  4. You can modify your price, expiry date, Stop Loss or Take Profit.
  5. Click Modify to apply.

Cancel a pending order

From TradeWatch

Right click on the order line in the Orders tab in TradeWatch and select Cancel order

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Modify Order Screen

Open the Modify Order screen and click Delete.

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ChartTrading

Click X on the order line on the chart for the corresponding symbol.

Order info window

|Information|Order Information| |Order ID|Unique order ID.| |Status|Current status of the order.| |Requesting Position|Position that requested the order| |Created Position|Position created by this order| |Symbol|Instrument for this order| |Direction|Direction of order (Buy or Sell)| |Submitted Volume|Initial order volume requested. This may be different than your initial position volume requested, as the position may have attempted to use multiple orders to fill.| |Current Volume|Current Requested Volume.| |Filled Volume|Amount of volume filled.| |Order Type|Type of order.| |Filled Price|VWAP price of deals used to fill this order.| |Submitted Time|Time the order was created.| |Last Modified|Date and time the order was last modified.| |Channel|The channel from which this order was sent| |Label|Label added by cBot| |Comment|Comment| |Submitted TiF|Submitted Time In Force| |Expiry|Date and time at which any volume for the order that has not yet been filled will be cancelled.| |Partials|Partial fills are always allowed.| |Submitted Price|Entry rate that was set when the order was opened.| |Spot Price|Current entry rate. This may have changed from the submitted rate.| |Trigger side|Whether the order will be triggered by the Bid or Ask side of the spread. Note: This cannot be modified by you.| |Current distance|Distance of current entry rate from spot price.| |Submitted SL|Initial rate of Stop Loss.| |Current SL|Current rate of Stop Loss.| |Submitted TP|Initial rate of Take Profit.| |Current TP|Current rate of Take Profit.| |Total Cover Deals|Number of deals that have attempted to fill the order.| |Rejected Deals|Number of total cover deals that were rejected.| |Verified Deals|Number of total cover deals that were filled.| |Exception Deals|Number of total cover deals that encountered an exception.|

Orders timeline

The Order Timeline shows you all events relating to an order in sequence of when they occured. You'll see the position that requested the order, every match made with the liquidity providers for your order, the deals that were executed through the order, and all order modifications.

You can also click on events to open more details in a new window.

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Search and filter through orders

You can filter your orders using the search field and filter dropdowns.

Search field: This will filter all orders as you type. For example, if you type "EUR", the list will instantly be filtered to show only positions which have the Euro as either the base or quote currency. You can only search one field at a time (for example, typing "EUR pending" will not return any results).

Directions dropdown: Filter by Buy or Sell direction.