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Limit Order

22 bytes removed, 12:01, 23 March 2012
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==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 '''[[Depth of market (DOM)|DOM window]]'''.
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:
* 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]]).