MARKET ORDER AND INSTANT EXECUTION
Instant Order
It is an order to buy or sell at a price ‘ask’ or ‘bid’ (respectively) as they appear in the quotes flow when the members asks for execution. Possibility of Instant Order results include:
- Executed Order
- Requotes Price
- Rejected Order
Market Order
It is an order to buy or sell at a price ‘ask’ (Current Market Price) or ANY price ‘bid’ ANY (Current Market Price) of each as they appear in the quotes flow when the members asks for execution. Possible outcomes of the Market Order include:
- Executed Order
- Rejected Order
Consult the product details on the MT4 terminal for more information.
PENDING ORDER
Stop Order
It is an order to buy or sell when the market reaches a ‘stop price’. Once the market reaches ‘stop sprice’, ‘stop order’ is triggered and treated as a ‘market order’. In the case of Contracts for Difference (CFD) on FX, spot metals and futures, ‘stop order’ must place the minimum number of the current market price.
Stop Loss
This is to minimize losses. After reaching the market ‘price stop loss’ orders were triggered and treated as a ‘market order’. In the case of CFDs on FX, spot metals and futures, ‘stop loss’ should be placed in a minimum amount of current market prices.
Limit Orders
It is an order to buy or sell when the market reaches a ‘limit price’. Once the market reaches ‘limit price’ the ‘limit order’ is triggered and implemented in the ‘limit price’ or better. In the case of CFDs on FX, spot metals and ‘limit orders’ futures should be placed in a minimum amount of current market prices.
Take Profit
This is an order to secure a profit. Once the market reaches ‘take profit price’ orders were triggered and treated as a ‘limit order’. In the case of CFDs on FX, spot metals and futures, ‘take profit’ should be placed in a minimum amount of the current market price.
ORDER PENDING EXECUTION
Stop Order Pending
Not introduced to put Pending Orders Stop to a new position (new position). Stop Pending Order installer is only valid for the purpose of hedging.
Stop Loss + Out
If the slippage condition resulted in the Forced Liquidation (Stop Out) then all open positions that have Stop or Stop Loss Order will be executed at the price of Forced Liquidation (Stop Out). In these conditions, Stop Loss / Stop Order that is placed not apply.
PENDING CONFIRMATION ORDER
- At the time of the Normal Market.
Pending Confirmation Order is considered “DONE” if the price asked / placed in accordance with the price that appears on the screen BullishFX Trader4. - High and Low.
High and Low that appear in the system BullishFX Trader4 BID
Sell Limit Order Confirmation based BID.
Buy Limit Order Confirmation based BID + Spread - At the time of hectic market.
Spreads are not limited, so that a and b point rule does not apply.
SLIPPAGE
Certain market conditions that occur when a large leap in the price of the pending order (buy stop / sell stop / buy limit / sell limit / take profit / stop loss) will be confirmed / executed following the price jumps.
If the pending stop order has the Take Profit (TP) and the price jumps or exceed the level of the TP of pending stop order is automatically deleted by the system.