Order
Management
A summary of
all open currency orders is shown in the Order Management section.
All orders within 10 pips of being executed are highlighted. This
allows currency traders to visually keep track of the status of
all their open orders. A description of each column of the Order
Management section is provided below.
Ref:
Each currency order is assigned a reference number. Both parts of
a "One Cancels the Other" (OCO) order will have the same
number.
Buy/Sell:
Shows whether the order is to buy or sell a given currency.
Ccy Pair:
The currency pair of the trade.
Deal Amount:
The money amount of the order (based on units of the first (base)
currency of a currency pair).
Basis:
The type of order; that is, Stop Order or Limit Order.
Order Rate:
The currency price that will trigger an execution of the trade.
Live Price:
The current market price of the currency pair.
Points Dif:
The difference between the order rate and the live price. This shows
a day trader how far his order is from being executed.
Conf:
The trading platform generates a confirmation number when an order
is placed.
Expiry:
The order expiration - at the expiration point, an unexecuted order
is cancelled by the software, even if the currency market reaches
your desired priced afterwards.
Currencies:
This drop down menu sorts open currency orders orders by currency
pair. It can also be set to show all orders.
Orders in
listing: Shows the number of orders posted in the chosen "Currencies"
category.
New:
Press this button to go to the order form to place a new order.
Modify:
Allows traders to change an order without having to cancel it. The
rate and/or lot size of the order can be changed with this function.
Cancel Order:
To cancel an order, highlight the order you wish to cancel by clicking
on it with your mouse, and then click "Cancel Order".
Color Indicators
Yellow (Entire
Row): Indicates the second leg of an OCO Order
Yellow (Live Price & Points Diff columns): Indicates
within ‘n’ number of points (default is 1)
Green (Live Price & Points Diff columns): Indicates when
an order rate has been passed through
Blue: Indicates that a currency order is filled
Edit
an Existing Currency Order
Within the trading platform an existing order can be edited by either
double clicking the desired order, or selecting it with a single
mouse click and pressing the "Modify" button. This brings
up the edit screen, allowing a trader to edit any order parameter,
except for the order type. To change the order type, the existing
order must be cancelled and a new order placed.
Cancel an
Existing Currency Order
With a single mouse click, select the order you wish to cancel and
press the "Cancel Order" button. The edit order screen
will appear, showing all details of the specific order to be canceled.
To confirm your decision click the "Cancel Order." A message
on the bottom right of the screen will appear indicating, "Order
Cancellation Successful." Click "Abort" if you do
not want to cancel the order and you will be returned to the order
management screen.
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