Limit Order: Difference between revisions
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[[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 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]]'''. | ||
For the '''chart window''', default Limit Order marker color and connecting line length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu. | For the '''chart window''', default Limit Order marker color and connecting line length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu. | ||
For the '''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: | ||
* Drag-and-drop the Limit Order icon | * Drag-and-drop the Limit Order icon [[File:LMT.png]] to the '''chart'''; or: | ||
* Drag-and-drop the Limit Order icon | * Drag-and-drop the Limit Order icon [[File:LMT.png]] to the desired price level in '''Sell''' or '''Buy''' columns of the '''[[Depth of market (DOM)|DOM window]]'''; or: | ||
* Right-click at the desired price level '''on the chart''' to see the shortcut menu, select '''Place Order''' and then click '''Buy / Sell Limit…'''; or: | * Right-click at the desired price level '''on the chart''' to see the shortcut menu, select '''Place Order''' and then click '''Buy / Sell Limit…'''; or: | ||
* Right-click at the desired price level on the '''DOM window''' on the '''Sell''' or '''Buy''' columns to see the shortcut menu, select '''Buy / Sell Limit…'''; or: | * Right-click at the desired price level on the '''[[Depth of market (DOM)|DOM window]]''' on the '''Sell''' or '''Buy''' columns to see the shortcut menu, select '''Buy / Sell Limit…'''; or: | ||
* Right-click the Limit Order icon | * Right-click the Limit Order icon [[File:LMT.png]] in the '''[[Chart Trading#Place Order|Place Order]]''' menu to see the shortcut menu and click '''Apply Strategy''' ('''Buy Limit''' order at '''Bid''' price will be created). | ||
* Double-click the Limit Order icon | * Double-click the Limit Order icon [[File:LMT.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]]). | ||
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<div style="background-color: #E3FBE5;">Note: When Require Order confirmation option is disabled no confirmation window will appear.</div> | <div style="background-color: #E3FBE5;">Note: When Require Order confirmation option is disabled no confirmation window will appear.</div> | ||
[[Category:Orders and Strategies]] |