Opening and Placing Orders in AutoGraf 4
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» Opening and Placing Orders in AutoGraf 4
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Opening and Placing Orders in AutoGraf 4
Orders in AutoGraf 4 can be opened and placed in the manual, semi-automatic and automatic modes. The number of placed and open orders (Pending and Market) is limited to, and not exceeding 30 orders at the same time.
To open or place an order at a specified time in the semi-automatic mode, use instrument Planned Order.
To place or open an order in the automatic mode, use the user-written algorithm implemented in the Automatic Trading function.
Opening and Placing Orders in the Manual Mode
To open a market order or place a pending order in the manual mode, use control icons and lines that are displayed in the Control Panel.
To open or place an order, use the three upper rows of icons and control lines in the Control Panel. Control lines are for opening and placing orders with zero stop-orders, i.e. StopLoss = 0 and TakeProfit = 0. Icons are for opening and placing orders with nonzero stop-orders, i.e. StopLoss>0 and TakeProfit>0.
Lines and icons for opening and placing orders in the Control Panel are arranged in a simple, logical way. Lines and Icons used to open Market Orders (at the current market price) are located in the middle row. Lines and Icons used to open Pending Orders above the current market price are located in the upper row. Lines and Icons used to open Pending Orders below the current market price are located in the lower row. Icons and Lines for Buy market and pending orders are located on the left and are colored blue. Icons and Lines for Sell market and pending orders are located on the right and are colored red.
- this control line is used to place a Buy Stop pending order without stop-orders (StopLoss = 0 и TakeProfit = 0). Click the control line, drag it outside the Control Panel and release the mouse button at the desired price on the chart. As a result, AutoGraf 4 will generate and send a request to the trading server to open an order of requested type. You may release the mouse button and set the control line at any horizontal position on the chart. The "time" coordinate is not important.
A trading order sent to server includes the following parameters:
- The requested order price.
Option 1. If the desired order price is far from the current market price, i.e. the distance between the current Ask price and desired price is more or equal to the allowable minimum distance (Stop Level) set by your broker, the order will be place at the requested price.
Option 2. If the desired price is too close to the market price, i.e. the distance between the current Ask price and the desired price is less than the allowable minimum distance (Stop Level) set by your broker, the requested order price in the trading order will be modified automatically to fit the StopLevel and will correspond to the closest allowable price (Ask +Stop Level). The notification area of the indicator sub-window will also display a message confirming the change of the requested order price and the reason for said change. If the process fails, a trading order will not be repeated automatically.
- Stop Loss price = 0.
- Take Profit price = 0.
- Slippage – according to the selected Sl parameter value.
If the order is successfully executed on the server side, it will be placed according to the requested order opening price. Order line type and color will be the same with control line type and color. The notification area of the indicator sub-window will display a message confirming that the order has been executed successfully. You will also hear a corresponding sound alert.
If a trading order is not executed on the server side a message will appearstating that the server rejected this order, with a corresponding reason. You will also hear a corresponding sound alert.
- this icon is used to place a pending BuyStop order with nonzero stop-orders (Stop Loss > 0 and Take Profit > 0). Click the control line, drag it outside the Control Panel and release the mouse button at the desired price on the chart. As a result, AutoGraf 4 will generate and send a request to the trading server to open an order of the requested type. You may release the mouse button and drop the icon in any horizontal position on the chart. The "time" coordinate is not important.
A trading order sent to server includes the following parameters:
- The requested order price.
Option 1. If the desired price is far from the current market price, i.e. the distance between the current market Ask price and the desired price is greater than or equal to the allowable minimum distance (Stop Level) set by your broker, the requested order price in the trading order will correspond to the desired price.
Option 2. If the desired price is too close to the current market price, i.e. the distance between the current Ask price and the desired price is less than the allowable minimum distance (Stop Level) set by a broker, the requested order price in the trading order will be modified automatically to fit the StopLevel and will correspond to the closest allowable price (Ask +Stop Level). The notification area of the indicator sub-window will also display a message confirming the change of the requested order price and the reason for said change. IF the process fails, a trading order will not be repeated automatically.
- StopLoss Price – according to the selected SL* parameter value.
- Take Profit Price – according to the selected TP* parameter value.
- Slippage – according to the selected Sl parameter value.
If the order is successfully executed on the server side, it will be placed according to the requested order opening price, StopLoss and TakeProfit prices. Order line type and color may be selected by user.
The notification area of the indicator sub-window will display a message confirming that the order has been executed successfully. You will also hear a corresponding sound alert.
If a trading order is not executed on the server side a message will appear stating that the server rejected this order, with a corresponding reason. You will hear a corresponding sound alert.
- this icon is used to place a SellLimit pending order with nonzero stop-orders (Stop Loss > 0 and Take Profit > 0). Click the control line, drag it outside the Control Panel and release the mouse button at the desired price on the chart. As a result, AutoGraf 4 will generate and send a request to the trading server to open an order of requested type. You may release the mouse button and drop the icon it any horizontal position on the chart. The "time" coordinate is not important.
A trading order sent to server includes the following parameters:
- The requested order price.
Option 1. If the desired order price is far from the current market price, i.e. the distance between the current market Bid price and the desired order price is more than or equal to the allowable minimum distance (Stop Level) set by your broker, the requested order price in the trading order will correspond to the desired price.
Option 2. If the desired order price is too close to the market price, i.e. the distance between the current Bid price and the desired order price is smaller than the allowable minimum distance (Stop Level) set by a broker, the requested price in a trading order will be modified automatically to fit the Stop Level and will correspond to the closest allowable price (Bid + Stop Level). The notification area of the indicator sub-window will also display a message confirming the change of the requested order price and the reason for said change. If the process fails, a trading order will not be repeated automatically.
- Stop Loss Price – according to the selected SL* parameter value.
- TakeProfit Price – according to the selected TP* parameter value.
- Slippage – according to the selected Sl parameter value.
If the order is successfully executed on the server side, it will be placed according to the requested order opening price, Stop Loss and Take Profit prices. Order line type and color may be selected by user.
The notification area of the indicator sub-window will display a message confirming that the order has been executed successfully. You will also hear a corresponding sound alert.
If a trading order is not executed on the server side a message will appear stating that the server rejected this order, with a corresponding reason. You will hear a corresponding sound alert.
- this control line is used to place a SellLimit pending order without stop-orders (StopLoss = 0 и TakeProfit = 0). Click the control line, drag it outside the Control Panel and release the mouse button at the desired price on the chart. As a result, AutoGraf 4 will generate and send a request to the trading server to open an order of requested type. You may release the mouse button and set the control line in any horizontal position on the chart. The "time" coordinate is not important.
A trading order sent to server includes the following parameters:
- The requested order price.
Option 1. If the desired price is far from the current market price, i.e. the distance between the current Bid price and desired order price is more or equal to the allowable minimum distance (Stop Level) set by a broker, the requested price in the trading order will correspond to the desired order price.
Option 2. If the desired order price is too close to the market price, i.e. the distance between the current Bid price and the desired order price is less than the allowable minimum distance (Stop Level) set by a broker, than the requested order price in the trading order will be modified automatically to fit the StopLevel and will correspond to the closest allowable price (Bid +Stop Level). The notification area of the indicator sub-window will also display a message confirming the change of the requested order price and the reason for that. If the process fails, a trading order will not be repeated automatically.
- Stop Loss Price = 0.
- Take Profit Price = 0.
- Slippage – according to the selected Sl parameter value.
If the order is successfully executed on the server side, it will be opened according to the requested order opening price. Order line type and color will be the same with control line type and color. The notification area of the indicator sub-window will display a message confirming that the order has been executed successfully. You will also hear a corresponding sound alert. If a trading order is not executed on the server side a message will appear stating that the server rejected this order, with a corresponding reason. You will hear a corresponding sound alert.
- this control line is used to open a Market Buy order with zero stop-order values (StopLoss = 0; TakeProfit=0). To open the order, click the control icon, drag it outside the Control Panel and release the mouse button. As a result, AutoGraf 4 will generate and send a request to the trading server to open an order of requested type. You may release the mouse button and drop the icon in any horizontal and vertical position on the chart (at any price and time). The "time" and "price" coordinates are not important.
A trading order sent to server includes the following parameters:
- Order opening price – according to the current market Ask price.
- StopLoss Price =0.
- TakeProfit Price =0.
- Slippage – according to the selected Sl parameter value.
If the order is successfully executed on the server side, it will be opened according to the requested order opening price.
Order line type and color will be the same with control line type and color. The notification area of the indicator sub-window will display a message confirming that the order has been executed successfully. You will also hear a corresponding sound alertIf a trading order is not executed on the server side a message will appear stating that the server rejected this order, with a corresponding reason. You will hear a corresponding sound alert.
- this icon is used to place a Buy market order with nonzero stop-orders (Stop Loss > 0 and Take Profit > 0). Click the control icon, drag it outside the Control Panel and release the mouse button. As a result, AutoGraf 4 will generate and send a request to the trading server to open an order of requested type. You may release the mouse button and drop the icon in any horizontal and vertical position on the chart (at any price and time). The "time" and "price" coordinates are not important.
A trading order sent to server includes the following parameters:
- Order opening price – according to the current market Ask price.
- StopLoss Price – according to the selected SL* parameter value.
- TakeProfit Price – according to the selected TP* parameter value.
- Slippage – according to the selected Sl parameter value.
If the order is successfully executed on the server side, it will be opened according to the requested order opening price, Stop Loss and Take Profit prices. Order line type and color will be the same with control line type and color. The notification area of the indicator sub-window will display a message confirming that the order has been executed successfully. You will also hear a corresponding sound alertIf a trading order is not executed on the server side a message will appear stating that the server rejected this order, with a corresponding reason. You will hear a corresponding sound alert.
- this icon is used to open a Sell Order with StopLoss and TakeProfit values greater than zero (StopLoss > 0 and TakeProfit > 0). Click the icon, drag it outside the Control Panel and release the mouse button. As a result, AutoGraf 4 will generate and send a request to the trading server to open a Market Sell order. You may release the mouse button and drop the icon at any price and time on the chart.
A trading order which is sent to server includes the following parameters:
- Order opening price – the current BID price.
- StopLoss Price – according to the selected SL* value.
- TakeProfit Price - according to the selected TP* value.
- Slippage – according to the selected Sl parameter* value.
If the order is successfully executed on the server side, it will be opened at the requested price, and with the requested StopLoss and Take Profit prices. Order line color and type (dotted, solid, etc.) may be selected by user. If your order has been opened successfully, you will see a confirmation message in the indicator sub-window and hear a sound alert.
If a trading order is not executed on the server side a message will appear stating that the server rejected this order, with a corresponding reason. You will hear a corresponding sound alert.
- this control line is used to open a Market Sell order without StopLoss or TakeProfit (StopLoss = 0 и TakeProfit = 0). Click the control line, drag it outside the Control Panel and release the mouse button. As a result, AutoGraf 4 will generate and send to trading server a request to open a Market Sell order. You may release the mouse button and drop the control line at any price and time on the chart.
A trading order which is sent to server includes the following parameters:
- Order opening price – the current BID price.
- StopLoss Price – 0.
- TakeProfit Price – 0.
- Slippage – according to the selected Sl parameter* value.
If the order is successfully executed on the server side, it will be opened at the requested price. Order line type and color will be the same with control line type and color. If your order has been opened successfully, you will see a confirmation message in the indicator sub-window and hear a sound alert.
If a trading order is not executed on the server side a message will appear stating that the server rejected this order, with a corresponding reason. You will hear a corresponding sound alert.
- this control line is used to place a Pending BuyLimit Order without StopLoss and TakeProfit (StopLoss = 0 и TakeProfit = 0). Click the control line, drag it outside the Control Panel and release the mouse button at the desired order opening price on the chart. As a result, AutoGraf 4 will generate and send to trading server a request to open a Pending BuyLimit Order. You may release the mouse button and drop the horizontal line on the chart, the ‘time’ coordinates are not important.
A trading order which is sent to server includes the following parameters:
- Requested order price.
Option 1. If the distance between the requested Pending Order price and the current market ASK price is equal or greater than the StopLevel set by your broker, the Pending order will be opened with the requested order price.
Option 2. If the distance between the requested order price and the current market ASK price is smaller than the minimum StopLevel set by your broker, the application modifies the order price automatically to fit the minimum StopLevel. So, the price of the Pending Order will be the closest allowable price (Ask – StopLevel). The notification area of the indicator sub-window will also display a message confirming the change of the requested order price and the reason for that change. If the process fails, the trading order is not repeated automatically
- StopLoss Price = 0.
- TakeProfit Price = 0.
- Slippage = according to the selected Sl parameter value.
If the order is successfully placed on the server side, it will be placed with the requested order price. Order line type and color will be the same with control line type and color. You will also see a message in the notification area and hear a sound alert confirming that the order has been successfully placed.
If a trading order is not executed on the server side a message will appear stating that the server rejected this order, with a corresponding reason. You will hear a corresponding sound alert.
- this icon is used to place a Pending BuyLimit Order with StopLoss and TakeProfit values greater than zero (StopLoss > 0 и TakeProfit > 0). Click the icon, drag it outside the Control Panel and release the mouse button at the desired price on the chart. As a result, AutoGraf 4 will generate and send to trading server a request to place a BuyLimit Pending Order. You may release the mouse button and drop the icon at any time on the chart. The ‘time” coordinate is not important.
A trading order which is sent to server includes the following parameters:
- Requested order price.
Option 1. If the distance between the requested Pending Order price and the current market ASK price is equal or greater than the minimum StopLevel set by your broker, the pending order will be opened with the requested order price.
Option 2. If the distance between the requested order price and the current market ASK price is smaller than the minimum StopLevel set by your broker, AutoGraf 4 modifies the order price automatically to fit the minimum StopLevel. So, the price of the Pending Order will be the closest allowable price (Ask – StopLevel). The notification area of the indicator sub-window will also display a message that confirms the change of the requested order price and explains the reason for this change. If the process fails, the request to open a trading order will not be repeated automatically.
- StopLoss Price – according to the selected SL* value.
- TakeProfit Price -- according to the selected TP* value.
- Slippage – according to the selected Sl parameter* value.
If the order is successfully placed on the server side, it will be placed according to the requested order price, StopLoss and TakeProfit prices. Order line color and type (dotted, solid, etc.) may be selected by user. You will also see a message in the notification area and hear a sound alert confirming that the order has been successfully placed.
If a trading order is not executed on the server side a message will appear stating that the server rejected this order, with a corresponding reason. You will hear a corresponding sound alert.
- this control icon is used to place a Pending SellStop Order with StopLoss and TakeProfit greater than zero (StopLoss > 0 и TakeProfit > 0). Click the icon, drag it outside the Control Panel and release the mouse button at the desired price on the chart. As a result, AutoGraf 4 will generate and send a request to thetrading server to open a Pending SellStop Order. You may release the mouse button and drop the icon at any time on the chart. The ‘time’ coordinate is not important.
A trading order which is sent to server includes the following parameters:
- Requested order price.
Option 1. If the distance between the requested Pending Order price and the current market BID price is equal or greater than the minimum StopLevel set by your broker, the pending order will be opened with the requested order price.
Option 2. If the distance between the requested order price and the current market BID price is smaller than the minimum StopLevel set by your broker, the application modifies the order price automatically to fit the minimum StopLevel. So, the price of the Pending Order will be the closest allowable price (Bid – StopLevel). The notification area of the indicator sub-window will also display a message that confirms the change of the requested order price and explains the reason for that. If the process fails, the request to open a trading order will not be repeated automatically.
- StopLoss Price – according to the selected SL* value.
- TakeProfit Price - according to the selected TP* value.
- Slippage – according to the selected Sl parameter* value.
If the order is successfully placed on the server side, it will be placed according to the requested order price, StopLoss and TakeProfit prices.
Order line type and color may be selected by user. You will also see a message in the notification area and hear a sound alert confirming that the order has been successfully placed.
If a trading order is not executed on the server side a message will appear stating that the server rejected this order, with a corresponding reason. You will hear a corresponding sound alert.
- this Control Line is used to place a Pending SellStop Order without StopLoss and TakeProfit (StopLoss = 0 и TakeProfit = 0). Click the icon, drag it outside the Control Panel and release the mouse button at the desired price on the chart. As a result, AutoGraf 4 will generate and send to trading server a request to open a Pending SellStop Order. You may release the mouse button and drop the icon at any time on the chart. The ‘time’ coordinate is not important.
A trading order which is sent to server includes the following parameters:
- Requested order price.
Option 1. If the distance between the requested Pending Order price and the current market BID price is equal or greater than the minimum StopLevel set by your broker, the pending order will be opened with the requested order price.
Option 2. If the distance between the requested order price and the current market BID price is smaller than the minimum StopLevel set by your broker, the application modifies the order price automatically to fit the minimum StopLevel. So, the price of the Pending Order will be the closest allowable price (Bid – StopLevel). The notification area of the indicator sub-window will also display a message that confirms the change of the requested order price and explains the reason for this change. If the process fails, the request to open a trading order will not be repeated automatically.
- StopLoss Price = 0.
- TakeProfit Price = 0.
- Slippage – according to the selected Sl parameter* value.
If the order is successfully placed on the server side, it will be placed according to the requested order price.
Order line type and color will be the same with control line type and color. You will also see a message in the notification area and hear a sound alert confirming that the order has been successfully placed.
If a trading order is not executed on the server side a message will appear stating that the server rejected this order, with a corresponding reason. You will hear a corresponding sound alert.
Opening BuyLimit order with StopLoss = 5p and TakeProfit = 10p