Tutorial 4(b): Step-by-step to set up Pending Order, Buy Limit and Sell Limit.

Buy Limit?
Buy limit is to buy when the ask price gets equal to the specified value. Herewith, the current price is higher than the value of the set order. Typically, the orders of this type are set in reliance on the assumption that the instrument price, having declined to a certain level, will stop its fall and start to grow.
Sell Limit?
Sell limit is to sell when the bid price gets equal to the specified value. Herewith, the current price level is lower than the value of the set order. Typically, the orders of this type are set in reliance on the assumption that the instrument price, having risen to a certain level, will stop its uptrend and start to decline.

Step 1: Create new order by click 'New Order'

Step 2: Make sure type is 'Pending Order' and 'Buy Limit' for the below ones. Check the current price and minus 15 pips. Let say, the current price is 1.3127, then 1.3127 - 0.0015 = 1.3112. Put 1.3112 at 'at price' text field and click 'Place' (as shown below). All done and terminal will show as the second picture.

Step 3: Now, to sell limit, click 'New Order'

Step 4: Make sure type is 'Pending Order' and 'Sell Limit' for the below ones. Check the current price and plus 15 pips. Let say as figure 4.2.4, the current price is 1.3123, then 1.3123 + 0.0015 = 1.3138. Put 1.3138 at 'at price' text field and click 'Place'. All done and terminal will show as below:

Finished.