Limit and Stop Orders – cTrader
cTrader – Limit and Stop Orders Video Transcript.
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You can create limit and stop orders by opening the create order
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window and selecting your order type
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slightly faster with creating limit and stop orders is to right-click inside
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the chart for symbol
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at around the entry rate you want and then click the sell or buy options
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the stop order and limit order options that you’ll find here all change depending
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on where you click on the chart relative to the spot price
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so clicking below the spot price as we’ve just done
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will display buy limit and sell stop options while clicking above the spot
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price will display sell limit and buy stpp options
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let’s go ahead and click Buy stop when the order window opens
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the order take you clicked will be selected as well as the correct symbol
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the rate at which clicked and your most recently entered volume
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you probably won’t have clicked on the rate exactly where you wanted to
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so adjust the price here accordingly. If you choose to set an expiry date
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the limit or stop order will automatically be cancelled if the entry rate
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has not been hit by the date and time set here
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so in our case the stop order will automatically be cancelled
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if it hasn’t been executed by the 23rd of October at 4:30
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finally set your stop loss and take profit. The values below the rate you’ve set will
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automatically update to show you what you profit or loss will be
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if you stop loss or take profit are hit first as a percentage of your balance
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and then pips in your base currency to confirm the order
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click buy or sell
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the order will appear in the trade watch orders tab
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and on the chart for the corresponding symbol as long as the orders option is ticked
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in the chart view settings
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to make changes to the order click on the cog icon in the order line
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double click on the order line in trade watch or on the chart or right click
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the order line
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and select Modify order
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apply your changes
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by clicking modify. To cancel the order press Delete from the modify order screen
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or right click on the order line in trade watch and select Delete
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order
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