A Market Order is an order to buy or sell a selected instrument at the current market price. ProTrader .Net Station provides several quick ways to place market orders.

Stop Loss and Take Profit orders are orders to buy or sell a selected instrument with additional conditions. See more at Using SL and TP Prices.

Placing a Market Order Using Order Entry

If you don't have the Order Entry panel on screen, right-click inside any panel and select Order Entry. Then, do the following:

1. At the top of the Order Entry panel, select the account you want to trade. with Note: xxx Orders and Options on xxx selections are only available for instruments. 
2. If necessary, click the button to the right to bring up the Users Lookup panel (note: this is not available, if you are using a single account). You can select a User Group to place an order for a whole group. See Account Groups for details. 
3. Select the instrument. If necessary, click the button to the right of the Instrument field to bring up the Instruments Lookup panel. You can select Custom Index to place an order for all Instruments in the Index. See Custom Index for details 
4. In the Create Order section, specify the Type of order (Market, Limit, Stop, or OCO) you want to trade either by clicking the up and down arrows, or by typing it in:See the Placing a Pending Order section for more information about Limit, Stop and OCO orders.

If you select the Type of order as Limit, you can then edit the limit price. If you select the Type of order as Stop, you can edit the stop price. If you select the Type as OCO, you can edit both the Limit and Stop prices. For Limit, Stop and Stop Limit orders you can set up Time in Force (Day order or GTC). You can also apply TP or SL Offsets. For SL offset two modes of operation are available: SL (stop limit) and Trailing stop. For a Market order you can specify the Range in pips. This means the maximum loss for you.

To create Stop, Limit or OCO orders you must have permission. Questions about your rules should be addresses to your broker.

There are four read-only fields in the Order Details section which update dynamically to show the initial and maintenance margins for short and long positions. The initial margin is the minimum account balance required to open the position you are requesting; the maintenance margin is the minimum account balance required to keep this position open.

For trading Options, the Create Order section has a different view.



For an Option, you should select the Type of the option: Put or Call; select the Strike Price from those available and select the Expiry Day of the option. Concerning the available values for the Strike Price and Expiry Date, contact your broker. The other fields are read-only. The fields in the Greeks group are coefficient cover to an internal formula.

5. Click Sell to open a short position, or Buy to open a long position.

6. A message is displayed, showing the market price and asking you to confirm the trade. Click Yes.

To avoid these messages showing up, select View > Settings. In the Trading Defaults section, select Order entry defaults and uncheck the checkmark in the Confirm order placement checkbox.

You can also use the Orders section of the Order Entry panel to place a market order: in the Order field, select Market and click the Place order button.