Order types

10Pips Order Types

Buy / Sell at Market

The order will be executed only at the price or within price ranges specified by the trader. Set the range (in pips) from the current rate using the number to the left of "Market Range".

The order may be filled partly, and then the part of the order that cannot be filled will be cancelled.

Stop Limit

To protect your profits, you can use a stop limit order. The stop limit order at 10Pips is used to sell an Instrument if the Instrument gets to a certain price.

Stop Loss

To protect from a loss, you can use a stop loss order. The stop loss order at 10Pips is used to sell an Instrument if the Instrument falls to a certain price. The stop loss order becomes a market order when the instrument reaches this price. A market order instructs 10Pips to immediately sell at the best possible price. You may not get the price you wanted in a volatile market, but it should be close.

Protect Your Profits

There are four ways to enter a stop loss order:

1. Enter a trading price - for example if your stock is selling at $50 per share, you might enter a stop loss order for $48. When the stock price drops to $48, it will trigger the Stop Loss order.
2. Enter a max loss amount – 10Pips will determine the relevant Stop Loss price
3. Enter distance in pips from current price - 10Pips will determine the relevant Stop Loss price.
4. Enter a percentage from the current price – 10Pips will determine the relevant Stop Loss price

Trailing Stop

This feature allows traders to place a stop loss order which updates automatically to lock in profit as the market moves in the trader’s favor. Click the "advanced" button in the “Create Market Order to add a "Trailing stop".

There are four ways to enter a stop loss order:

1. Enter a trailing stop order - for example if your stock is selling at $50 per share, you might enter a trailing stop loss order for $48.
2. Enter a max loss amount – 10Pips will determine the relevant Trailing Stop.
3. Enter distance in Pips from current price - 10Pips will determine the relevant Stop Loss price.
4. Enter a percentage from current price – 10Pips will determine the relevant Stop Loss price.

Entry Orders

These orders are executed when the market price reaches the client’s specified price and open a new position once the price reaches a certain level. The specified price could be below or above the current trading price.

• Entry Limit Buy: filled when the price goes lower than the current price.
• Entry Stop Buy: filled when the price goes higher than the current price.
• Entry Limit Sell: filled when the price goes higher than the current price.
• Entry Stop Sell: filled when the price goes lower than the current price.

To enter a new entry order:

• Click buy or sell on the opening screen
• Click advanced settings
• Fill the relevant entry order