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S
E C T I O N
ORDERS
6.1 Overview
The system allows for the creating of two different types or orders, Entry and Exit.
• Exit orders are attached to Open trades & Live orders
• Entry orders are not linked to any trades when transacted.
Entry Orders are used to enter a market position conditional on a rate trading the level
specified. Entry orders are referred to as either limit entries (LE) or stop entries (SE)
depending on the side of the market at which they are placed. The no-fly-zone rules apply to
both entry order types. When submitting an entry order you do not specify whether the order is
a limit or a stop entry, this is determined by the system upon entry with reference to the
following rules:
• A buy order entered below the current market offer is a Limit Entry.
• A sell order entered above the current market bid is a Limit Entry.
• A buy order entered above the current market offer is a Stop Entry.
• A sell order entered below the current market bid is a Stop Entry.
Exit orders are used to close out existing Open trades and Live orders. This can either be
done as a Stop Loss or Take profit entry.
The orders functionality allows you to do the following:
Client UI User Manual - Orders
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