¶ Orders
¶ Description:
The Orders module provides traders with a centralized view to manage all their active, completed, and cancelled orders efficiently. It helps track real-time order status, view historical transactions, and access detailed reports on multi-leg orders and linked orders, enhancing order management and decision-making processes. Additionally, traders can place new orders using the dynamic order form with real-time price integration.
¶ Key Features:
- View Active, Completed, and Cancelled Orders: Monitor orders in real-time and track their status from placement to execution.
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Modify or Cancel Open Orders: Easily adjust or cancel pending orders.
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Partial Order and Linked Status: View statuses for multi-leg orders and associated linked orders.
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Order Journal: Access a local journal of all orders for detailed reference.
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Real-Time Price Tracking: Monitor price movements for each order as they change in real-time.
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Detailed Order Information: View specifics like Order ID and status reported by the broker or exchange.
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Advanced: Allows direct routing to specific exchange based on broker capability.
¶ Orders Overview:
- Active Orders: Pending orders waiting to be executed.
- Completed Orders: Orders that were fully executed, including partially completed multi-leg orders.
- Canceled Orders: Orders that were canceled, rejected, or faced an error.
Note: Swipe left on an active order to cancel it. Swipe right to create a similar order or modify the existing order.
¶ Order Placement
When a user searches for a symbol or clicks on the cart button or Bid/Ask price, the order form is automatically filled with the latest price information, streamlining the order creation process. Users can update the form before submission as needed.
¶ Order Form Details:
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Quantity (Qty):
- Displays the default quantity from the order settings.
- Users can switch between preset quantities (e.g., 0.75, 0.6, 0.5, 0.25, 0.15) or type in a custom amount.
- POS Button: Displays the current position quantity. Clicking it automatically fills the qty field.
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Buy Price: Pre-filled with the Ask price by default.
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Sell Price: Pre-filled with the Bid price and defaults to a 10% profit unless changed via order settings.
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Stop Price: Pre-filled with the default stop price from the Order Settings.
Note: Users can also manually type in custom buy, sell, or stop prices in their respective fields.
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Order Types:
- Limit (LMT) and Market Orders are available for buy/sell orders via the dropdown.
- Stop Orders: Configured with Standard (STD) settings.
- Trail Stop: Depends on broker capability
- Multi Leg Orders: Depends on broker capability
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Time-in-Force (TIF): Users can select the order duration from options like:
- DAY: Order remains active until the end of the trading day.
- GTC: Good-Till-Canceled, meaning the order remains active until manually canceled.
¶ Orders Settings
The Orders Settings section allows users to define default parameters for placing orders quickly and efficiently outside of trades, ensuring consistency in order management.
¶ Default Parameters:
- Default Qty: Pre-set quantity for placing orders.
Default = 10 - Default Stop %: The percentage below the buy price where the stop order should trigger.
Default = 10% - Default Gain %: The percentage above the buy price for a take-profit order.
Default = 10% - Cancel Order Confirm: Toggle to require confirmation before canceling an order.
- Submit Order Confirm: Toggle to require confirmation before submitting a new order.
- Show Journal: Toggle to display or hide the order journal for tracking order history and details.
¶ Additional Features:
- Investment and Available Funds: Displays the user’s current investment amount and available balance for trades.
- Slide to Order: After filling out the order form, users can slide to place the order quickly.
- Order Total: Automatically updates based on the quantity and selected buy/sell prices. Press "Enter" on the quantity field to refresh the total.
¶ Additional Information:
- Efficient Order Management: With swipe actions to quickly modify or cancel orders, managing active trades becomes seamless.
- Customizable Order Settings: The ability to set default quantities, stop percentages, and gain targets ensures consistent trading practices and reduces the chances of input errors.
- Pre-Filled Order Form: The system auto-fills prices and quantity based on the latest market data, saving time during order placement.
- Order Journal: Keeping an order journal accessible helps traders maintain a detailed log of all transactions for future reference and analysis.
Tip: Use the Show Journal option to keep your trade history visible, ensuring better tracking and review of your trading strategies.