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Created page with "==Limit Order== thumb|right|Limit Orders on the chart [[File:Limit Orders in the DOM window.png|thumb|right|Limit Orders in the DOM window..."
==Limit Order==
[[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]]
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.
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.
===Creating Limit Order===
Create Limit Order by one of the following methods:
* Drag-and-drop the Limit Order icon http://www.multicharts.com/img/wiki/strategies/6.png to the '''chart'''; or:
* Drag-and-drop the Limit Order icon http://www.multicharts.com/img/wiki/strategies/6.png to the desired price level in '''Sell''' or '''Buy''' columns of the '''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 '''DOM window''' on the '''Sell''' or '''Buy''' columns to see the shortcut menu, select '''Buy / Sell Limit…'''; or:
* Right-click the Limit Order icon http://www.multicharts.com/img/wiki/strategies/6.png in the '''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 http://www.multicharts.com/img/wiki/strategies/6.png in the '''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]]).
Time In Force (TIF) is defined in '''Time In Force''' field (see [[Chart Trading#Setting Time in Force|Setting Time in Force]])
When placing '''Limit''' order the '''Place Order confirmation''' window appears.
Click '''Yes''' to create the order or '''Cancel''' to abort the operation.
Check the '''Do not ask me again''' check box to disable '''Place Order confirmation window'''.
<div style="background-color: #E3FBE5;">Note: When Require Order confirmation option is disabled no confirmation window will appear.</div>
[[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]]
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.
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.
===Creating Limit Order===
Create Limit Order by one of the following methods:
* Drag-and-drop the Limit Order icon http://www.multicharts.com/img/wiki/strategies/6.png to the '''chart'''; or:
* Drag-and-drop the Limit Order icon http://www.multicharts.com/img/wiki/strategies/6.png to the desired price level in '''Sell''' or '''Buy''' columns of the '''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 '''DOM window''' on the '''Sell''' or '''Buy''' columns to see the shortcut menu, select '''Buy / Sell Limit…'''; or:
* Right-click the Limit Order icon http://www.multicharts.com/img/wiki/strategies/6.png in the '''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 http://www.multicharts.com/img/wiki/strategies/6.png in the '''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]]).
Time In Force (TIF) is defined in '''Time In Force''' field (see [[Chart Trading#Setting Time in Force|Setting Time in Force]])
When placing '''Limit''' order the '''Place Order confirmation''' window appears.
Click '''Yes''' to create the order or '''Cancel''' to abort the operation.
Check the '''Do not ask me again''' check box to disable '''Place Order confirmation window'''.
<div style="background-color: #E3FBE5;">Note: When Require Order confirmation option is disabled no confirmation window will appear.</div>