Once inside a tournament, you can open a trade by selecting a financial instrument from the “Watchlist” section. Trades are executed through the “Order Mask,” located at the bottom left of the tournament screen.
There are two types of orders you can execute:
- Market Order (Default):
It is the default order type, with the toggle set to “Now” in the order mask.- If you wish, you can activate the “Take Profit” and/or “Stop Loss” options by toggling them on and setting the desired values.
- You can also assign a specific “Quantity” to the order, which will multiply the P&L % based on the quantity you choose*.
- Once you’ve set your preferred parameters, click BUY or SELL to execute the order. Your open order will appear in the “My orders” section at the bottom of the tournament screen, with toggle set to “Active”.
- Pending Order:
You can set up an order that will only be executed when specific conditions are metBy toggling to “Pending”.- Insert the desired Open Price and set the “Take Profit” and/or “Stop Loss” values by activating the respective toggles and entering the desired numbers.
- You can also assign a specific “Quantity” to the order, which will multiply the P&L % based on the quantity you choose*.
- To confirm the pending order, click BUY LIMIT, SELL LIMIT, BUY STOP, or SELL STOP depending on the type of order you wish to place. Your open order will appear in the “My orders” section at the bottom of the tournament screen, with toggle set to “Pending”.
*For detailed information on how QTY works and how it impacts P&L % of trades, please refer to the question “How is performance measured in the tournaments?“.
