used to execute indice des devises du yen japonais against a specific trading strategy. Make sure you fully understand and are comfortable with your brokers order entry system before executing a trade. The answer lies in the OTO order. Learning what they all mean can go a long way toward successful trading. A stop loss order remains in effect until the position is liquidated or you cancel the stop loss order.
Be sure that you know which types of orders your broker accepts. An if/then OCO provides that if the first order (the "if" order) is executed, the second order (the "then" order) becomes an active unassociated one-cancels-other (OCO) order. Or you can set a sell limit order.2070 (then you could walk away from your computer to attend your ballroom dancing class). Limit, a limit order is an order to buy or sell at a specified price or better. The advantage is that you can enter the market when it moves while you're away or not paying attention. If you wanted to buy EUR/USD at market, then it would be sold to you at the ask price.2142.
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For example, GBP/USD is currently trading.5050 and is heading upward. Weird Forex Orders Can I order a grande extra hot soy with extra foam, extra hot split quad shot with a half squirt of sugar-free white chocolate and a half squirt of sugar-free cinnamon, a half packet of Splenda and put that in a Venti. As with a regular OCO order, the execution of either one of the two "then" orders automatically cancels the other. The understanding is that.2095 is reached, your buy order will be triggered and the.1985 sell order will be automatically canceled. Being an OTO www.tradre forex matef order, both the buy limit order and the stop-loss orders will only be placed if your initial sell order.2200 gets triggered. Would you like pips with that? Limit orders allow you the flexibility to be very precise in defining the entry or exit point of a trade. You set an OTO order when you plan to set the "take profit" and "stop loss" levels prior to getting into a trade.
If you are in a long position, it is a sell stop order.
If you are in a short position, it is a buy stop order.
Remember this type OF order.
The most common types on contingent orders are If/Then and If/Then OCO.
An if/then order is a set of two orders with the stipulation that if the first order (known as the if order) is executed, the.