10_Configuring Limit Entry Orders
Overview: Placing Exact Limit Orders allows traders to set precise limit orders conveniently. This feature simplifies the process by enabling users to position limit orders in the same location as a "Market Order," enhancing trading efficiency.
How to Place a Limit Order:
Navigate to the Order Placement Area:
Head to the same location as you would for a "Market Order" in section 9.
Set Price for Buy or Sell Limit:
Enter a price below the current market value to place a buy limit order.
Enter a price above the current market value to place a sell limit order.
Order Submission:
After setting the desired price for a buy or sell limit, click the BUY or SELL button to submit the order.
Example:
If the market is trading at 5500 and you want to place a buy limit order, enter a price below 5500, then click the BUY button.
Intuitive Functionality:
The app intuitively understands your intent based on the current market price, whether you're placing a buy limit order or a sell limit order.
Setting Buy Stop Orders:
Alternatively, to set a buy stop order, enter a price above the current price and click the BUY button. The app will then execute a buy stop order. Further details will be covered in section 11.
Benefits:
Precision: Allows traders to set exact price levels for limit orders.
Convenience: Streamlines the process of order placement for enhanced trading efficiency.
Intuitive Operation: The app recognizes user intent based on market conditions, simplifying the order execution process.
Conclusion: Placing Exact Limit Orders feature offers traders a straightforward and efficient method to set precise limit orders. By providing intuitive functionality and seamless integration, users can execute trades with ease and accuracy.