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currenex classic order types
Stop-Loss Order
A stop-loss order to buy becomes a market order in the system when the market rate is at or above the stop price, while a stop-loss order to sell becomes a market order in the system when the market rate is at or below the stop price.
Stop-Limit Order
A stop-limit order to buy becomes a limit order in the system when the market rate is at or above the stop price, while a stop-limit order to sell becomes a limit order in the system when the market rate is at or below the stop price.
Market Order
A market order is executed immediately at best price currently available on the exchange.
Limit Order
A limit order is a simple order executed when a specific price is met.
Trailing Stop Order
A Trailing Stop follows the market by a user specified offset with a stop order. Should the market move away from the order, Currenex will adjust the stop trigger price to move with the market by the specified offset. Should the trigger price match the current market price, the specified stop or stop limit order will be placed into the market.
One Cancels the Other (OCO) Order A One Cancels the Other order has active take profit and stop-loss legs linked so if one leg is fully executed, the other is automatically cancelled. Only one leg can ever be fully executed. The total fills on both legs can never exceed the total amount of the original order.
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| | Currenex Classic order types
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