Does CSE allows Stop Loss Orders, sell market-if-touched order or buy market-if-touched order ?
Are there any order like above is existing in CSE ?
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Place Advanced Orders
DirectFN TWS gives you the facility to add to orders with various conditions (also called Advanced Orders), thereby providing you the flexibility and cutting edge over other investors. When you place an Advanced Order it will not be executed immediately.
Once you set conditions for your orders, DirectFN TWS monitors the markets real-time and the instant it spots a buy or sell opportunity based on your trading strategy, the order is pushed through to exchange. Through this means you can literally sit back and watch it execute your trading strategies for you.
To place a Conditional Order:
1. Do one of the following to open the New Order window:
· On the Trade menu click Buy or Sell as applicable in the Place Orders section.
-or-
· Right-click on the symbol in the Full Market / Watch List window, point to Trade and click Buy or Sell as applicable.
-or-
· Right-click on the symbol in the Ticker, point to Trade and click Buy or Sell as applicable.
2. Fill the New Order window with relevant details.
3. Click the Advance tab.
4. In the Condition section, select the required conditions. E.g.: Last Price Greater than or Equal Rs. 125.50.
5. Next, select the validity period using the Expire list. E.g.:1 day.
6. Click Buy or Sell as applicable to place the order. A message opens inquiring whether to place the order.
7. Click Yes.
As the name suggests, 'Stop Loss orders' are placed to cut your losses.chamith wrote:U can put such orders using GTC (Good till Cancel), But if the transaction is not executed in 5 market days, the order will automatically be deactivated.
You can use this as a stop loss tool.
Last edited by kav4 on Tue Sep 13, 2011 12:22 am; edited 2 times in total
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