Order Strategies

Order Strategies

A user can open order strategies on the OCT panel in the 'Advanced' trading panel mode. There are the following strategies:
  • One Cancel Other (OCO)
  • One Triggers Another (OTA)
  • Ladder of the Orders
  • Order by Date (OBD)
The placed order strategies are displayed on the Strategies panel. A user can here modify/delete/break a strategy using the available actions.
Also orders of the placed strategies can be managed on the Orders panel.



OCO Order

A One-Cancels-the-Other (OCO) order is a pair of conditional orders stipulating that if one order executes, then the other order is automatically canceled. An OCO order often combines a Stop order with a Limit order on the trading platform. When either the stop or limit price is reached and the order is executed, the other order is automatically canceled.
Canceling one of the orders (by client request or by GTD option) will also cancel the other one.
Note! At the moment OCO order strategy is available for trading on a NET account.

The conditions for linking a pair of orders (OCO) 
  • The same trading instrument (Symbol)
  • Orders: Limit-Stop or Stop-Stop
  • Already linked order cannot be linked with the third one
  • For the pair Limit-Stop the price for Buy must be less than price for Sell
  • None of them cannot have option ImmediateOrCancel

How to place and manage an OCO order

To place an OCO order:
  • Select the Order Strategies tab in the OCT window.
    Important: The Order Strategies tab is available only in the Advanced trading panel mode.
  • Select a financial instrument.
  • Set Order 1 type (Limit/Stop) and side (Sell/Buy). Select volume, price and other parameters.
  • Set Order 2 type (Limit/Stop) and side (Sell/Buy). Select volume, price and other parameters.
  • Click Place OCO.
If the OCO orders were successfully created, they will appear in the Strategies tab.


You can manage the open OCO orders directly in the Strategies table:
  • Modify Order . You can modify the OCO orders parameters (like price, volume, expiration, etc.). Make changes and click Apply.

  • Cancel Order . You can cancel the OCO strategy. The order pair will be deleted.
  • Unlink Strategy .  You can break the OCO strategy. Two separate orders will be displayed in the Orders tab. 

OTA Order

  • The OTA (One-Triggers-Another) order consists of a primary order that will trigger a secondary order when the primary order is filled.
Rules of the OTA placing

User could place next variants of the OTA Order-Order:
  • Order 1 Triggers Order 2 on the same instrument.
  • Order 1 Triggers Order 2 only if his GTD date has been expired.

Important

  • It’s not possible to place OTA pair orders with different volumes.
  • It’s not possible to place OTA pair on the different instruments.

How to place and manage an OTA order

To place an OTA order:
  • Select the   Order Strategies tab in the OCT window.
    Important: The Order Strategies tab is available only in the Advanced trading panel mode.
  • Select a financial instrument.
  • Set Order 1 type (Limit/Stop) and side (Sell/Buy). Select volume, price and other parameters.
  • Set Order 2 type (Limit/Stop) and side (Sell/Buy). Select volume, price and other parameters.
  •  Click Place OTA.

If the OTA orders were successfully created, they will appear in the Strategies tab.


You can manage the open OTA orders directly in the Strategies table:

  • Modify Order . You can modify the OTA orders parameters (like price, volume, expiration, etc.). Make changes and click Apply.
  • Cancel Order . You can cancel the OTA strategy. The order pair will be deleted.

OBD Order

  • The OBD (Order-By-Date) strategy consists of one order that will be opened on the set date in the future.

How to place and manage OBD 

To place an OBD strategy:
  • Select the Order Strategies tab in the OCT window.
    Important: The Order Strategies tab is available only in the Advanced trading panel mode.
  • Select a financial instrument.
  • Select the date and time of the order.
  • Select the order type (Market, Limit, Stop) and side (Sell/Buy).
  • Set OBD volume, price and other parameters (e.g. expiration, slippage control) depending on the order type.
  • Click Place OBD.
If the OBD strategy was successfully created, they will appear in the Strategies tab.

You can manage the open OTA orders directly in the Strategies table:

  • Modify Order  . You can modify the OBD parameters (like price, volume, expiration, etc.). Make changes and click Apply.
  • Cancel Order  . You can cancel the OBD strategy. The order will be deleted.

Ladder of Orders

  • The Ladder of the Orders allow traders to set Buy and Sell orders in increments. This type of order allows traders to implement a laddering strategy whereby they move in and out of positions in small amounts instead of doing it one-time.
Limit Orders Ladder
Key features:
  • Averaging (creating an average position): Buying the average price of an asset over time (or selling the average price over time). There are different versions of averaging into a position, any tactic that involves scaling into a position (dollar cost averaging, where you buy an equal dollar amount in regular intervals, and value cost averaging, buying/selling to ensure a target dollar amount, are two examples of averaging strategies).
  • Laddering (incrementally moving in and out of positions): Instead of buying or selling at a single price, one would set incremental Buy/Sell limit orders up and down the order book, buying when the price goes down and selling when the price goes up.
  • Scaling: Instead of buying into a position or selling a position all at once, you gradually scale in or out. Both averaging and laddering have you “scaling” into positions. For example, BTC/USD has down trend, user places 3 step ladder.

    1 step.  Buy Limit Open Price (OP)=55 000 S/L=50 000 T/P=69 000 Volume(V)=1 LOT;

    2 step.  Buy Limit Open Price (OP)=54 000 S/L=51 000 T/P=69 000 Volume(V)=2 LOT;

    3 step.  Buy Limit Open Price (OP)=53 000 S/L=52 000 T/P=69 000 Volume(V)=4 LOT.
    So, if trend moves in User favor at the end they will have a profit from the 7 LOT position.

Stop Orders Ladder
Key features:
  • Pyramiding: Involves adding to profitable positions to take advantage of an instrument that is performing well. It allows for large profits to be made as the position grows. Best of all, it does not have to increase risk if performed properly. Pyramiding is adding to a position to take full advantage of high-performing assets and thus maximizing returns. There are two type of the Pyramiding:  Standard  and  Aggressive:
    • Standard Pyramid trading (Equal) is a strategy that includes scaling into a winning position, which means continue adding new positions with equal volume to your trade as the trend moves in your favor.
      For example, BTC/USD has up trend, user places 3 step ladder:

      1 step.  Buy Stop Open Price (OP)=55 000 S/L=50 000 T/P=69 000 Volume(V)=1 LOT;

      2 step.  Buy Stop Open Price (OP)=56 000 S/L=51 000 T/P=69 000 Volume(V)=1 LOT;

      3 step.  Buy Stop Open Price (OP)=57 000 S/L=52 000 T/P=69 000 Volume(V)=1 LOT.
      So, if trend moves in User favor at the end they will have a profit from the 3 LOT position.
    • Aggressive Pyramiding method (Arithmetic/Geometric progression) consists of opening positions with volume greater than volume of the previous position as the trend moves in your favor.
      For example, BTC/USD has up trend, user places 3 step ladder:

      1 step.  Buy Stop Open Price (OP)=55 000 S/L=50 000 T/P=69 000 Volume(V)= 1 LOT;

      2 step.  Buy Stop Open Price (OP)=56 000 S/L=51 000 T/P=69 000 Volume(V)= 2 LOT;

      3 step.  Buy Stop Open Price (OP)=57 000 S/L=52 000 T/P=69 000 Volume(V)= 4 LOT.
      So, if trend moves in User favor at the end they will have a profit from the 7 LOT position.
The Ladder of the Orders Features 
  • Available for all account types.
  • When one of the strategy orders is closed, all orders related to this strategy are closed.  
  • In strategy orders, you cannot change parameters except for the Comment field.
  • The strategy opens in one direction.
  • The Ladder of the orders can be executed partially, i.e. one order from the strategy can be executed and there will be less orders left in it.
  • The maximum number of orders in the strategy is 20, the minimum is 2.

How to place Ladder of orders 

To place a ladder of orders:
  • Select the Order Strategies tab in the OCT window.
    Important: The Order Strategies tab is available only in the Advanced trading panel mode.
  • Select a financial instrument.
  • Set the orders type (Limit/Stop) and side (Sell/Buy).
  • Set Price step type (Linear/Fibo). This is the step type that is used for the calculation of the price distance between pending orders in the Ladder of the orders.
  • Select Total volume. This is total volume of all orders in the ladder depending on the volume and number of orders.
  • Select Volume (Equal, Arithmetic progression, Inverted arithmetic progression, Geometric progression, Inverted geometric progression). This is a distribution method of the total volume of the Ladder of the orders.
    Select Volume scaled size for all volumes but the Equal.
  • Set the Number of orders in the Ladder of the orders (2 - 20).
  • Select the Expiration (GTC/GTD), if necessary.
  • Click Place Ladder.

  • You will be displayed the details of the strategy, including price and volume of each order in the Ladder. Click Confirm to open Ladder.


If the Ladder of orders was successfully created, the strategy will appear in the Strategies tab and orders of the Ladder will be added to the Orders tab.

You can manage the open Ladder orders directly in the Strategies/Orders table:

  • Modify Order . You can modify only 'Comment' on each order of the Ladder. Make changes and click Apply.
  • Cancel Order . You can cancel the Ladder of orders. All the orders of the Ladder will be deleted.

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