Primary Order Settings

The primary order is also called the parent order. Values you set will be used when you select the associated order type, for example, the Stop Price value will only be used if you select Stop as the order type. Based on the settings below, the default order type is a LIMIT order.

Field Name

Description

Notes

Values entered are for buy orders and will be flipped for sell orders.

Relevant properties will be inverted for sell orders.

NOTE: This feature can only be turned off in the user-defined named presets.

Order Type

The default order type that will be used any time you create an order using this preset.

 

Limit price

The value used for the default limit price, if your order uses a limit price. Pick from Bid, Ask, Last or Bid/Ask Midpoint.

Use the +/- offset field to enter an offset amount, percentage or ticks that will be added to/subtracted from the price. Note that you can enter a positive or negative value.

Stop Price

The value used for the default stop price. Pick from Bid, Ask, Last or Bid/Ask Midpoint. This value is used if the default order type is a stop order, and also if the default order type is not a stop order, but in the order line you elect to change the order type to a Stop order.

Use the +/- offset field to enter an offset amount, percentage or ticks that will be added to/subtracted from the price. Note that you can enter a positive or negative value.

Stop-limit price

The value used to determine the limit price in a stop limit order. Pick from Bid, Ask, Last or Bid/Ask Midpoint.

Use the +/- offset field to enter an offset amount, percentage or ticks that will be added to/subtracted from the price. Note that you can enter a positive or negative value.

Offset Amount

The offset amount used for Relative and RPI (Retail Price Improvement) orders. This amount will be added to the best bid (for a buy order) and subtracted from the best ask (for a sell order) to create the limit price at which the order will be submitted.

 

Relative limit price

The value used to calculate the starting price for a Relative order. Choose from Bid, Ask, Last, Bid/Ask Midpoint or None.

If you choose None, the price defaults to the Bid price for Sell, and the Ask price for a Buy.

 

Trailing amount

The trailing value used for a trailing stop order.

 

Touched trigger

Value used to calculate the Trigger Price for Limit if Touched and Market if Touched orders. Pick from Bid, Ask, Last or Bid/Ask Midpoint.

 
Discretionary Amt. The default value that will be applied when you use the discretionary order attribute.