Hi,
We would like to inform you about the new order forms which are going to be introduced at the upcoming releases of.

1. Trigger side for Cease Orders
The trader will be able to opt for the cause side for Cease and Stop Loss orders using the new cause side switches illued below.

Figure 1. Trigger Side Buttons

Behavior:Stop Order (Number 1 on Fig.1)Buy orderTrade Side (Default) - that the order will likely be triggered by the Ask price higher or equal to the order price Opposite Side - that the order will likely be triggered by the Bid price higher or equal to the order price

Sell orderTrade Side (Default) - that the order will likely be triggered by the Bid price equal or less to the order price Opposite Side - that the order will likely be triggered by the Ask price equal or less to this order price



Stop Loss Order (#2 on Fig.1)Buy positionTrade Side (Default) - that the order will likely be triggered by the Bid price higher or equal to the order price Opposite Side - that the order will likely be triggered by the Ask price higher or equal to the order price

Sell positionTrade Side (Default) - that the order will likely be triggered by the Ask price equal or less to this order price Opposite Side - that the order will likely be triggered by the Bid price equal or less to this order price


2. Double Trigger Method for pending orders

Figure 2. Double Trigger Method

Behaviour:Cease Order/Stop Limit OrderBuy orderDouble Trade Side - the order will likely be triggered by the two consecutive Ask prices higher or equal to the order price Double Opposite Side - that the order will likely be triggered by the two consecutive Bid prices higher or equal to the order price

Sell orderDouble Trade Side - that the order will likely be triggered by the two consecutive Bid prices equal or less to this order price Double Opposite Side - that the order will likely be triggered by the two consecutive Ask prices equal or less to this order price



Stop Loss OrderBuy positionDouble Trade Side - the order will likely be triggered by the two consecutive Bid prices equal or less to this order price Double Opposite Side - that the order will likely be triggered by the two consecutive Ask prices equal or less to this order price

Sell positionDouble Trade Side - the order will likely be triggered by the two consecutive Ask prices higher or equal to the order price Double Opposite Side - that the order will likely be triggered by the two consecutive Bid prices higher or equal to the order price



Limit OrderBuy orderDouble Trade Side - that the order will likely be triggered by the two consecutive Ask prices equal or less to this order price



Sell orderDouble Trade Side - that the order will likely be triggered by the two consecutive Bid prices higher or equal to the order price



Take Profit OrderBuy positionDouble Trade Side - that the order will likely be triggered by the two consecutive Bid prices higher or equal to the order price

Sell positionDouble Trade Side - that the order will likely be triggered by the two consecutive Ask prices equal or less to this order price




Restrict and Take Profit orders won't support the single/double Opposite Side activate method. A full list of available activate procedures and activate sides are shown below:

Figure 3. Trade side variations

3. New Trailing Stop Loss Loion

Figure 4. Trailing Stop Loss Orders

The trader will be able to apply Trailing Stop reduction prior to creating an order (Fig. 4) and define it in the QuickTrade settings dialog (Fig. 5) for all new orders.

Trailing stop loss behavior:
The trader will specify the Stop Loss level (Fig. 4). The space between the entered Stop reduction amount and the execution price for. The stop loss will probably be set at the pip space .
Whenever the price moves in the traders favour, the trailing stop has been altered every one pip. When the price moves against the Trader, the Trailing Stop isn't moving

Figure 5. Trailing Stop reduction in quicktrade configurations

4. Relative Security Levels

Traders will use either relative or absolute values when using their Stop reduction, Trailing Stop Loss or Take Profit.

A trader may place the security level in either Pips or absolute price (Fig. 6). When the trader clicks the Pips field or the Price field, the field is becomes editable. Another field is value automatically depending field which is actively being edited.

Figure 6. Relative Stop Loss/Take Profit levels

5. Stop Limit Orders

Figure 7. Stop Limit Order

Stop Limit Orders will be a newly introduced order form reachable through a new tab.

Behaviour:
Trader lays cease price and market range for limit order. Limit price will be above stop price for buy orders and under stop price for market orders.
When the market reaches a particular rate the order is triggered like Stop Order.

6. One Cancels Other Orders (OCO)

Figure 8. OCO Orders creation and modifiion

Figure 9. OCO order icon at tradewatch

OCO Orders will be introduced and can be handled from OCO order windows and also the Tradewatch in.

Behaviour:
A Trader can link 2 pending orders to become one OCO Order
If a single order affects status from Accepted to Filled, the connected order is cancelled. The OCO Order is implemented
If a single order altered status from Accepted to Cancelled or Rejected, the OCO Order must be cancelled