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August 10, 2016

Question:How to place pending orders (Stop/Limit) on cTrader trading platform?

Answer:

You can place a pending order via the ‘Create Order’ window.

ctrader trading platform create order trade

On the ‘Create Order’ box, select ‘Limit Order’ or ‘Stop Order’ and choose your symbol, limit price, volume and expiry date and time, set stop-loss and take-profit levels and click ‘Sell’ or ‘Buy’.

Setting Parameters

Fortunately, cTrader’s order screen shows with “already customized” options, and you will make mistakes setting the parameters like MetaTrader4 as you can not set a wrong parameter on cTrader first of all.

Thus, you should be able to place your order without getting error messages again and again.

For “Stop Loss” and “Take Profit”. there are three information shown for users.

Pips To see how many pips away from the entry price of your position
Balance To see how much profit or loss would be guaranteed by executing the pending orders (shown as as a percentage of your account balance)
Profits To see how much profit or loss would be caused by executing the pending order (shown in exact numbers in your base currency)

“When you master the Sop Loss order, you master FX”

Setting up pending orders is one very important thing to do on cTrader.

Trailing Stop on the server

Unlike the MT4 and MT5 which will cancel “Trailing Stop” orders in case the trading platform itself is closed or logged out, cTrader allows its users to use the “Trailing Stop” orders even when the platform is closed or logged out.

The developer of cTrader, Spotware has updated the cTrader in 2016 and has achieved to record the information of “Trailing Stop” orders to its server.

Thus, all your “Trailing Stop” orders would be fully functional even when you have your trading platform closed.

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