Market and pending orders can be placed through Order entry panel. To open Order entry panel, go to Terminal -> Order entry. Also, right-click within the chart to open context menu and select New -> Order entry.

 

The panel has the following fields:

  • Account – active account to place an order;
  • Symbol – available symbol to trade;
  • Side – Buy or Sell;
  • Order type – Market, Limit, Stop, Stop limit (depends on the chosen exchange):
  1. Market order is an order to buy or sell a cryptocurrency at the best available price immediately;
  2. Limit order is placed to buy or sell a cryptocurrency at a specified price or better;
  3. Stop order is placed to buy or sell a cryptocurrency when its price increases past a particular, thus, ensuring a greater probability of achieving a predetermined entry or exit price, limiting the investor's loss or locking in his or her profit;
  4. Stop limit order will be executed at a specified price (or better) after given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy (or sell) at the limit price or better.
  • TIF – Time-in-force allows traders to be more specific about time parameters in which an order is placed. TIF options may include (depends on the exchange): Day, GTC, IOC, FOK, GTD:
  1. Day – order is valid for the current trading day;
  2. GTC (Good till cancelled) – order remains active until it's cancelled or time expires;
  3. IOC (Immediate or cancel) – all or part of the order is executed immediately after it is brought to the market;
  4. FOK (Fill or kill) – the entire transaction is executed immediately and completely or is not executed at all;
  5. GTD (Good till date) – order is cancelled on a specified date if not executed or until the time expires.
  • Quantity – amount of lots in which the order is placed. Click and Edit to open Types manager panel and select (or edit) default values for Quantity.