Order placement regulations. 4.3.1. At the moment when the Client submits an order to place the pending orders the following parameters are to be determined:
a) Name of the tool;
b) Volume;
c) Order type (Buy Stop, Buy Limit, Sell Stop, Sell Limit);
d) Order level.
4.3.2. Additionally to the parameters determined in the Client order, optional parameters may be stated in the Order, such as the following:
a) Stop Loss level of a pending order. 0.0000 value means that Stop Loss is not placed (or deleted if it had been submitted earlier).
b) Take Profit level of a pending order. 0.0000 value means that Take Profit is not placed (or deleted if it had been submitted earlier).
c) Date and time of a pending order validity.
4.3.3. The trading server may decline an order in the following cases:
a) If the value of one or several required parameters is missing or wrong;
b) In such a case if a pending order is placed by means of the client terminal without using an expert advisor, an error message will appear: “Invalid S/L or T/P”.
4.3.4. When the Client submits an order to place “Stop Loss” and “Take Profit” for open positions the following parameters are to be determined:
a) Ticker of the open position for which the orders are placed;
b) “Stop Loss” order level. 0.0000 value means that “Stop Loss” is not placed (or deleted if it has been placed earlier).
c) “Take Profit” order level. 0.0000 value means that “Take Profit” is not placed (or deleted if it has been placed earlier).
4.3.5. Orders of all types shall not be placed closer than a stated number of points to the current market quote. The minimum distance in points from the level of a placed order to the current quote (pending order level) for each tool is stated in tool specifications at the Company website.
4.3.5.1. If the order is executed in irregular market conditions, Stop levels may be increased.
4.3.6. Requests for order closure or modification, in case the current quote is closer to the S/L or T/P levels of this order than to the “Stop levels” value, will be declined with the commentary as follows: “Modification disabled. The order is too close to the market” or “No quote”.
4.3.7. Requests to set, modify or delete a pending order, in case the current quote is closer to the S/L or T/P price of this order than to the “Stop levels” value, will be declined with the commentary as follows: “Invalid S/L or T/P” or “No quote”.
4.3.8. When a note about an order placement appears in the server log-file, it means that the Client order has bee...
Order placement regulations. 4.3.1. At the moment when the Client submits an order to place the pending orders the following parameters are to be determined:
a) Name of the tool;
b) Volume;
c) Order type (Buy Stop, Buy Limit, Sell Stop, Sell Limit);
d) Order level.
Order placement regulations i. At the time of any order placement at the current quote or a pending orders the following parameters must to be determined:
a. Name of the instrument/asset/CFD;
b. Volume;
c. Order Type (Market Execution, Buy Stop, Buy Limit, Sell Stop, Sell Limit);
d. Order Level.
ii. In addition to all the parameters requirement to be determined, the optional parameters stated in the order may be as follows:
a. Stop Loss value of 0.0000 for an order means that the Stop Loss is not in place or deleted if it was placed earlier;
b. Take Profit value of 0.0000 for an order means that the Take Loss is not in place or deleted if it was placed earlier;
x. xxxx and time of a pending order validity.
