Common use of Pending Orders Clause in Contracts

Pending Orders. 11.4.1. The Client has the right to place the following types of pending orders: "Buy Stop", "Sell Stop", "Buy Limit", "Sell Limit", "Stop Loss", and "Take Profit". 11.4.2. Buy Stop" is a pending order for opening a long position in case the future Ask price reaches the specified value. The result of execution of "Buy Stop" order will be opening a long position at the price that was at the moment of processing the order. 11.4.3. Sell Stop" is a pending order for opening a short position in case the future Bid price reaches the specified value. The result of execution of "Sell Stop" order will be opening a short position at the price that was at the moment of processing the order. 11.4.4. Buy Limit" is a pending order for opening a long position at the price that is lower than the current price at the moment of placing the order. The result of execution of "Buy Limit" order will be opening a long position at the price that was at the moment of processing the order. When the Buy Limit is triggered then a market order is received in the system.

Pending Orders. 11.4.1. The Client has the right to place the following types of pending orders: "Buy Stop", "Sell Stop", "Buy Limit", "Sell Limit", "Stop Loss", and "Take ProfitProfit". 11.4.2. Buy Stop" is a pending order for opening a long position in case the future Ask price reaches the specified specified value. The result of execution of "Buy Stop" order will be opening a long position at the price that was at the moment of processing the order. 11.4.3. Sell Stop" is a pending order for opening a short position in case the future Bid price reaches the specified specified value. The result of execution of "Sell Stop" order will be opening a short position at the price that was at the moment of processing the order. 11.4.4. Buy Limit" is a pending order for opening a long position at the price that is lower than the current price at the moment of placing the order. The result of execution of "Buy Limit" order will be opening a long position at the price that was declared in the order, or, in case of necessary liquidity, at the moment of processing price that is more profitable for the order. When the Buy Limit is triggered then a market order is received in the systemClient (positive slippage).