6.2 Order Type

 

The Fortex Platform supports a large selection of order types.  Among them, five are the most common – Limit, Market, Stop Limit, Stop Market, Threshold. (Figure 6.2.1)

 

Limit Order

Type “L” in the Order Type field to choose Limit. Enter the Limit Pirce in the Price field. 

 

Market Order

Type “M” in the Order Type field to choose Market.  When you enter a Market Order, the price field is automatically disabled.

Figure 6.2.1

Stop Loss Order

Type in the price at which you want the order to stop from unwanted losses (Figure 6.2.2)

 

Take Profit Order

Type in at which price you want the order to initiate a buy/sell/cover to take a profit (Figure 6.2.2)

 

Threshold Order

Type “T” in the Order Type field to choose Threshold.  Enter the Lower Limit Price in the Lower Limit field and the Upper Limit Price in the Upper Limit field.

Figure 6.2.2

Other order types supported include: Immediate or Cancel (IOC), Fill or Kill (FOK), Market at Open (OPG), Market on Close (MOC), Discretionary, Limit Discretionary, Reserve, Limit Reserve, Limit Discretionary Reserve, Pegging, Market Pegging, Primary Pegging, etc.  These orders are intended for advance users only.  Please contact your service providers for their availability and user instruction.