Should the need arise for you to modify or delete a pending order that you have placed, click on the ‘Orders’ tab in the ‘Trade Watch’ window.
This will bring up all your pending orders.
Right-click on the order you wish to modify or delete, to be given the option to either modify or cancel the order.
If you click on ‘Modify’, a new window will appear that will allow you to change the parameters of your pending order.
If you click on ‘Cancel’, your order will be automatically removed from the list.
All Pending orders are functional at any time
In case you have pending orders set in FXPro cTrader trading platform, all pending orders would be registered to their trading server and it will execute the orders at the specified price automatically.
All pending orders including “Stop Loss”, “Take Profit” and “Trailing Stop” are functional even when you are not logged out of cTrader or the trading platform itself is closed.
Pending orders will not be executed(or will be executed at a different price than the specified price) only if there is no liquidity, or the market is closed and there is no price signals provided.
Pending Orders and Slippages
This is a common misunderstanding among many traders though, “slippage” can be occurred to pending orders too.
Setting up a pending order does not guarantee you to execute the order as you have specified, but depending on the market situation, your pending order could be executed at a different price or not executed at all.
How to close a position on FXPro cTrader trading platform?
To close a position, click on the “Close” button in the “Trade Watch” window at the bottom of the cTrader screen.
From the ‘Trade Watch’ window you can choose to close a single order or close all open positions by clicking ‘Close All’.
There are 3 types of pending orders you can set on cTrader which are:
- Take Profit
- Stop Loss
- Trailing Stop
All of these pending orders will be triggered automatically as you have set previously.
Trailing Stop orders would be also executed even when you have your trading platform closed.
Trading Commissions on cTrader
On FXPro cTrader, you can trade with its raw-spread(no mark up spread by FXPro) as it is provided from FXPro’s liquidity providers.
That is why the spread starts from 0.2 pips minimum.
And there is an extra trading commission charged from FXPro, which is $45 per 1 million units traded, which is $4.5 per 1 lot traded per side, and $9 per 1 round turn lot.
The raw-spread provided by FXPro is a great environment for “scalpers” though, you don’t want to forget about the commissions charged every time you execute an order.