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The Order Ticket

When you click the Buy Button button or the Sell Button button from the toolbar, the Order Ticket dialog box appears (see Figure 4.1 below).

 Automated Trading: Buy Tickets      Automated Trading: Sell Tickets

Figure 4.1: Buy and Sell Order Tickets (partial view)

Note that the Buy Order Ticket dialog box has a blue background, whereas the Sell Order Ticket dialog box has a red background.

The order ticket title displays the selected contract, and the number that follows Pos: is the number of positions you currently have in this contract.

If you click the double arrow  (on the top line in the blue/red left hand side of the dialog box), you can toggle between a partial view of the Order Ticket dialog box (see Figure 4.1) and a full view which includes the Exit Strategies and Order Managements pane (see Figure 4.2 below).

 

 Automated Trading: Buy Tickets   Automated Trading: Sell Tickets

Figure 4.2: Buy and Sell Order Ticket (full view)

The partial view is all you need in order to place a simple order (see Placing Simple Orders on page 25). You need to use full view when you want to use a bracket (see figure above).

The Order Ticket dialog box (full view) is divided into several areas, as described in the following table:

Table 4.1: The Order Ticket Dialog Box

Area

Fields

Use this field to:

Remarks

Type

Market

Select market order

 

Stop

Select stop order

Simulated on our server

Limit

Select limit order

 

Stop limit

Select stop limit order

Simulated on our server

MIT

Select a Market If Touched order

Simulated on our server

Details

Lots

Set number of lots

 

Stop

Set stop price

Enabled for Stop and Stop Limit orders only

Limit

Set limit price

Enabled for Limit orders only

Stop Limit

Set stop limit price

Enabled for Stop Limit orders only

Action

 

Switch between Sell and Buy orders

 

Bid

 

Display only

Current bid price for this contract

Ask

 

Display only

Current ask price for this contract

Price

 

Display only

Current price for this contract

 

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