Pepperstone cTrader – Limit and Stop Orders
Posted on: 17 June 2014 , by: Pepperstone Support , category: cTrader
You can create both limit and stop orders by opening the Create New Order window and selecting your order type.
A slightly faster method of creating limit and stop orders is to right click on the chart for the symbol you want to trade at around the entry level you want, then click the sell or buy options.
The stop and limit order options that appear when clicking on your chart will change depending on where you click relative to the current market price. So clicking below the spot price, as we’ve shown above, displays buy limit and sell stop options. While clicking above the spot price will display sell limit and buy stop options.
Let’s go ahead and click buy limit. When the order window opens, the order type you click will be selected as well as the correct symbol, the rate of which you click and the most recently entered volume – you can adjust the order specifications if you did not click exactly where you wanted the order to be placed. If you choose to set an expiry date, limit and stop orders will automatically be cancelled if the entry price has not been hit by the date and time you set here. You can add a stop loss and take profit below – the values will automatically update to show you what your profit or loss will be if your stop loss or take profit are hit. First as a percentage of your balance, and then as pips and your base currency.
To confirm the order, click buy or sell. To make changes to the order, click on the cog icon on the order line, double click on the order line or in trade watch on the chart or right click the order line and select modify order. Apply your changes by clicking on modify. To cancel the order, press delete from the modify order screen, or right click the order line in trade terminal.