Entry Orders

Entry orders, also known as pending orders, are orders which are designed to open a position, i.e. to buy or sell an instruments at a predefined future rate. The entry order might not be filled in the market if the market moves away from the specified price in the order. Once the order has reached the specified price, the order becomes a market order and is executed immediately.

Entry Limit

An Entry Limit order to buy an instrument is an order to buy an instrument at a predefined rate which is lower than the current market price; while an Entry Limit order to sell an instrument is an order to sell an instrument at a predefined rate which is higher than the market price.

Entry limit order window for selling US Dollars (USD)/buying Hong Kong Dollars (HKD)

Entry Stop

An Entry Stop order to buy an instrument is an order to buy an instrument at a predefined rate which is higher than the current market price; while an Entry Stop order to sell an instrument is an order to sell an instrument at a price which is lower than the current market price.

An entry stop order window for buying British Pounds (GBP)/selling US Dollars (USD).

How to Use Entry Orders?

Entry Limit:

If you are interested in entering the market at a predefined future price which is lower than the current market price, browse the Dealing Rate Table on the trading platform and locate the desired instrument in the Buy column. Right-click on it, and choose Entry Limit Buy in the menu. Set your preferences and approve your order.
If you are interested in entering the market at a higher price than the current market price, locate the instrument in the Sell column in the Dealing Rate Table. Right-click on it and choose Entry Limit Sell in the menu; set your preferences and approve your order.

Entry Stop:

If you are interested in entering the market at a predefined future price which is higher than the current market price, browse the Dealing Rate Table on the trading platform and locate the instrument in the Buy column. Right-click on it and choose Entry Stop Buy in the menu. Set your preferences and approve your order. If you are interested in entering the market at a lower price than the current market price, locate the instrument in the Sell column in the Dealing Rate Table. Right-click on it and choose Entry Stop Sell in the menu; set your preferences and approve your order.

Where can I see my order?

Once your order is set, you can view it in the Order window, until the market will reach your predefined price and your order is executed. Then, once the position is open, it will appear in the Open Position window on the platform.

Disclaimer:

  • AVA guarantees all Limit orders will be executed at the specified rate, not a better rate.
  • AVA does not guarantee it Stop Losses and Trailing Stop. If there is a sharp market move, and the current price of an instrument breaks through the client’s Stop Loss or Trailing Stop rate, the order will be executed at the next available price.