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置顶的帖,有订单说明
MBT官网与金奇
都有介绍基本订单
TTO(Threshold Triggered Order )
Specify two prices, an upper and lower price trigger. Once the market trades at either price, a market order is sent to the marketplace. This order type was designed to help limit potential losses and lock-in potential profits.
Additional Explanation: Many Forex traders want to place one price trigger to take profits and one to stop out of their position at the same time, and they want whichever order is executed first to cancel the other part of the order automatically. The best order type to accommodate this strategy is the TTO. This order type allows you to set both an upper and lower price trigger. The system will send out a market order for whichever price trigger is met first.
It is important that you know how to place a stand-alone TTO. A stand-alone TTO is a TTO that is not a part of a combo order type (see combo orders below). To view the TTO OES (Order Entry Screen) window simply right-click on a blank gray-colored area of the OES and left-click on "Template" then "TTO". This will change the OES to allow you to place a stand-alone TTO. Please specify the correct number of lots, enter your desired upper and lower price triggers, then left-click buy/cover/sell or short order buttons depending on what type of order you want to send.
The upper price trigger is activated once a transaction prints at or above your trigger price. The lower price trigger is activated once a transaction prints at or below your trigger price.
Order Entry Screen Button Review:
1. Buy - Implies you have no open position in the pair currently loaded in the OES. Click buy to establish a new long position. If you have an open short position, clicking the buy order button will cover the open short position (If you are short, the "Buy" button should be named "Cover").
2. Cover - Used to close (cover) a short position and is the same action as the "Buy" button. If you have no open positions and click the "Cover" button a long position will be established (this button should be named "Buy" if you hold no open short position).
3. Sell - Implies you have an open long position in the pair currently loaded in the OES. Click this button to close a long position or establish a short position if you have no long position (if you have no long position "Sell" button should be named "Short").
4. Short - Click this order button to establish an open short position or sell a long position (if you have an open long position this button should be named "Sell").
Example: We place a buy market order to establish a long position. Once we are in the position, we want to place an order to take profit at XX price and/or to be stopped out at X price and have either one of the orders cancel the other upon execution. At this time you could select the TTO as the order type. This order type allows you to enter an upper trigger (to take profit on a long position or place a stop for a short position) and a lower trigger (stop on a long or take profit if short). Once the price of either trigger is met by either the bid or the ask the TTO is triggered and the system will send out a market order.
Example: We bought the EUR/USD at the market price of 1.1888. Our strategy is to take a profit at 30 pips above this price and/or to be stopped out 10 pips below. If we select the TTO as the order type (to sell) we would set our upper trigger at 1.1918 and our lower trigger at 1.1878. For whichever trigger price is met first by the bid or ask price, the system will send out a market order to sell. If for any reason you want to change either of your upper or lower triggers, you must cancel the order and replace a new TTO. |
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