13.5 Placing Simple Trade Orders

From Fastbrokerswiki

Jump to: navigation, search


Contents

PLACING SIMPLE TRADE ORDERS

User can place simple and complex trade orders directly on Scalper Book.

All orders placed on Scalper Book will also be logged in the ‘Order Managers’, and it would be reflected on a Chart as long as user would open the same product from the same datafeed.

First of all, user must enable the ‘Trade Mode’ function. Simply click the ‘TRADE’ button on Scalper Book oolbar in order to enable or disable the ‘Trade Mode’ function.

In Single-Mouse button mode user would only need to click the Left mouse button to execute order. In Dual-Mouse button mode mouse buttons execute different type of orders. The Price Tooltip functionality can be very useful for helping users execute the correct trade orders on ScalperBook.

Secondly, user ought to enter desired number of Contract or Lot quantity on the Toolbar Section prior to executing trade every order.

Finally, user can execute single trade orders by executing the following Order Types: Market Orders, Limit Orders, and Stop Orders. In Single Mouse button mode, user would execute a Limit or Stop according to cursor location in relation to the Best Bid or Best Ask prices.

Disable the Enable Right Click to set Single Mouse Button mode -- click twice to view it in full screen


MARKET ORDER

Click either the blue ‘BUY MKY’ or ‘SELL MKT’ buttons in order to execute a Buy or Sell order in order to place a Long or Short position at current market price.

The Order Toolbar Section with the Order Settings button activated -- click twice to view it in full screen

In Single Mouse button mode, platform would offer the option to execute Buy Market or Sell Market whenever user right-click a price point on either the Bid or Ask column.

TIP:
In Dual Mouse button mode both button would execute the same order
 

LIMIT ORDER

Single Mouse Button Mode
  • SHORT/SELL ORDER on ASK COLUMN
  1. Position cursor on the Ask Side
  2. Point cursor Above Current Best Bid Price to execute a SELL LIMIT order.
  3. Then, click LEFT mouse button at desired price.
  • LONG/BUY ORDER on BID COLUMN
  1. Position cursor on the Bid Side
  2. Point cursor Below Current Best Ask Price to execute a BUY LIMIT order.
  3. Then, click LEFT mouse button at desired price.
Dual Mouse Button Mode
  • SHORT/SELL ORDER on ASK COLUMN
  1. Position cursor to Ask Side
  2. Point cursor to desired price
  3. Click LEFT button to execute SELL LIMIT order
  • LONG/BUY ORDER on BID COLUMN
  1. Position cursor to Bid Side
  2. Point cursor to desired price
  3. Click LEFT button to execute BUY LIMIT order
Note:
The Price Tooltip function would benefits user when placing trade orders on Scalper Book. Enable it on the Book Options window.
 

STOP ORDER

Single Mouse Button Mode
  • SHORT/SELL ORDER on ASK COLUMN
  1. Position cursor on the Ask Side
  2. Point cursor Below or On Current Best Bid Price to execute a SELL STOP order.
  3. Then, click LEFT mouse button at desired price.
  • LONG/BUY ORDER on BID COLUMN
  1. Position cursor on the Bid Side
  2. Point cursor Above or On Current Best Ask Price to execute a BUY STOP order.
  3. Then, click LEFT mouse button at desired price.
Dual Mouse Button Mode
  • SHORT/SELL ORDER on ASK COLUMN
  1. Position cursor to Ask Side
  2. Point cursor to desired price
  3. Click RIGHT button to execute SELL STOP order
  • LONG/BUY ORDER on BID COLUMN
  1. Position cursor to Bid Side
  2. Point cursor to desired price
  3. Click RIGHT button to execute BUY STOP order
Personal tools
Disclaimer
Fast Trading Services,LLC 2004-2012 © All rights reserved.Use of this web site implies full acceptance of our Privacy policy , Risk Disclosure and Terms and Conditions . All rights reserved.
FastBrokers® is a division of Fast Trading Services LLC, a member of the NFA - National Futures Association (ID:0342002) and a registered Independent Introducing Broker with the CFTC - Commodity Futures Trading Commission.
Stay Connected!
Risk disclosure: Trading on Foreign Exchange, Futures and other leveraged derivatives products carries a high level of risk and may not be suitable for all investors. Leverage may work for you as well as against you creating additional risk and loss exposure. You should carefully consider your financial status, trading objectives and risk appetite. You could lose all or more than your initial investment , therefore you should invest only funds that if lost will not change your lifestyle. Educate yourself on the risks associated with these products and seek advice from an independent financial or tax advisor if you have any questions. System response and order placement speed may vary depending on several factors, including market conditions, trading volume, system availability, internet connection and other factors.

† Some products may not available in all countries. LMAX products not available in the United States of America. Descriptions of products in this website are do not represent an offers to sell those products in countries where such sales are illegal or the products are otherwise unavailable. Although we strive to provide you with useful and accurate information, our statistical data such as spreads, average spreads, execution times and other data contained on this website are for informational purpose only and they cannot be deemed suitable for trading decision or for dispute purposes. This statistical data has certain limitation and it doesn’t take into account market volatility, volume, system availability, computer performance, internet connection speed, geographical location, and other factors which may delay or otherwise affect your prices and trade execution. Price can change quickly in fast market conditions, resulting in an execution price different from the price available at the time order is submitted. Data on this website is not in updated in real-time and it may not be representative of all data available nor guaranteed to be error-free. For additional information on local product availability and our statistics, please contact one of our licensed brokers at +1.818.545.9955.
 
support