cTrader Risk & Reward Submitting Orders

While the drawing risk/reward simulation tool is displayed on the chart the trader can at a glance look at the potential loss and reward before they enter a trade by placing the stop loss and take profit levels below and above major support and resistance levels. When they are happy with the trade set-up they can simply click on the button from the RR tool control panel and an order will be placed at the exact same stop loss, take profit and entry price levels.

• Market order - this is a commitment to the brokerage company to buy or sell a security at the current price. Execution of this order results in the opening of a trade position. Securities are bought at ASK price and sold at the BID price. 

• Buy Limit – buy provided the future "ASK" price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having fallen to a certain level, will increase.

• Buy Stop – buy provided the future "ASK" price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on increasing.

• Sell Limit – sell provided the future "BID" price is equal to the pre-defined value. The current price level is lower than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having increased to a certain level, will fall.

• Sell Stop – sell provided the future "BID" price is equal to the pre-defined value. The current price level is higher than the value of the placed order. Orders of this type are usually placed in anticipation of that the security price, having reached a certain level, will keep on falling.

Once you have submitted your market or pending orders the charting tool becomes a clever trading tool that will continue to manage your risk for you.

How To Create and Adjust a Market Order

1. Open a long or short RR tool onto the chart.
2. Adjust the stop loss and take profit by dragging the 2 lines to your perfect trade set up.
3. Wherever you place your stop loss the amount of risk should be close to your maximum set amount.
4. Click on the open order button and a market order will open.
5. Your stop loss and take profit price levels should match the pre-set levels of the RR tool.
6. To modify the open position and update the RR tool just drag your stop loss or take profit to your desired level.
7. If you adjust the stop loss the position size will automatically be updated to keep the same risk.

• Watch a Market Order Video Demo

How To Create and Adjust a Pending Order

1. Open a long or short RR tool onto the chart.
2. Adjust the stop loss, take profit and entry price by dragging the 3 lines to your perfect trade set up.
3. Wherever you place your stop loss the amount of risk should be close to your maximum set amount.
4. Click on the open order button and a pending order will be submitted.
5. Your stop loss, take profit and entry price levels should match the pre-set levels of the RR tool.
6. To modify the pending order and update the RR tool just drag your stop loss, take profit or entry price to your desired level.
7. If you adjust the stop loss the position size will automatically be updated to keep the same risk.

• Watch a Pending Order Video Demo