Entry Order (Entry Stop or Entry Limit)
This function allows the trader to initiate a position with a Stop or Limit
order. Right-click within the instrument record over the Buy or Sell rate and select either "Entry
Stop" or "Entry Limit" from the pop-up menu.
An "Entry Stop" will place an order to Buy above the current market, or Sell
below the current market, at the rate you specify. This order will be filled
if and only if your specified price is reached.
An "Entry Limit" will place an order to Buy below the current market or Sell
above the current market, at the rate you specify. Again, this order will be
filled only if your specified price is reached.
After selecting "Entry Stop" or "Entry Limit", the trader can then specify
the price and number of lots, and then press "OK". A new order marked with
letters "EL" or "ES" ("Entry Stop" or "Entry Limit") will appear on the
"Orders" window, and remain there until it is either filled by the
dealer, or cancelled by the trader.
Click on the display below for detailed visual instructions with voice on "Entry Stops":
Click on the display below for detailed visual instructions with voice
on "Entry Limits":