Limit Order: Difference between revisions
From MultiCharts
no edit summary
No edit summary |
No edit summary |
||
Line 1: | Line 1: | ||
[[File:LMT_orders_on_the_chart.PNG|thumb|right|Limit Orders on the chart]] | [[File:LMT_orders_on_the_chart.PNG|thumb|right|Limit Orders on the chart]] | ||
[[File:Limit Orders in the DOM window.png|thumb|right|Limit Orders in the DOM window]] | [[File:Limit Orders in the DOM window.png|thumb|right|Limit Orders in the DOM window]] | ||
A Limit Order will buy or sell a set number of shares at a specified price or better. | A Limit Order will buy or sell a set number of shares at a specified price or better. | ||
==Appearance== | |||
Limit Order is displayed as lime marker on the chart connected to the order price label on the price scale with a dotted line and as lime marker in the '''[[Depth of market (DOM)|DOM window]]'''. | Limit Order is displayed as lime marker on the chart connected to the order price label on the price scale with a dotted line and as lime marker in the '''[[Depth of market (DOM)|DOM window]]'''. | ||
Line 10: | Line 9: | ||
For the '''[[Depth of market (DOM)|DOM window]]''', default Limit Order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu. | For the '''[[Depth of market (DOM)|DOM window]]''', default Limit Order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu. | ||
==Creating Limit Order== | |||
Create Limit Order by one of the following methods: | Create Limit Order by one of the following methods: | ||
Line 20: | Line 19: | ||
* Double-click the Limit Order icon http://www.multicharts.com/img/wiki/strategies/6.png in the '''[[Chart Trading#Place Order|Place Order]]''' menu ('''Buy Limit''' order at '''Bid''' price will be created). | * Double-click the Limit Order icon http://www.multicharts.com/img/wiki/strategies/6.png in the '''[[Chart Trading#Place Order|Place Order]]''' menu ('''Buy Limit''' order at '''Bid''' price will be created). | ||
==Limit Order Parameters== | |||
Order Size is defined by '''Qty''' field (see [[Chart Trading##Setting Order Quantity|Setting Order Quantity]]). | Order Size is defined by '''Qty''' field (see [[Chart Trading##Setting Order Quantity|Setting Order Quantity]]). |