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A Conditional order is a pending order (order 2) that is attached to an existing, confirmed Stop/Limit/OCO order (order 1). Order 2 will become an active pending order only after order 1 is executed. Conditional orders allow you to trade without having to constantly monitor the market.
You can attach a Conditional order to each traded instrument by right-clicking on any confirmed Limit, Stop, or OCO order in the Orders window and choosing the Conditional Orders option from the context menu. A window will open, where you can place Conditional orders that will be attached to the selected order.
Note: All Conditional orders attached to Logical orders will be Logical too. They will be purple in colour in the Orders panel when they become Confirmed, Executed or Cancelled.
Regardless whether you are working in Logical mode or not, prior the submission of each Conditional order, you must confirm that you are are aware of the special circumstances related to Conditional orders described in General Terms of Business. By default, this option is active. You can deactivate it form this dialog or the Settings window.
After clicking on the button on the status bar, the following window will appear:
You can request up to 100 Conditional orders in the Conditional orders window.
From this window you can add a Conditional Orders to an existing Stop, Limit or OCO. In the Conditional Orders window you can:
If you hold an open position in that instrument, you can see the current information about it in the field at the bottom of the window. This information is constantly updated:
You can change the currency of the P/L in the currency of the account or that of the instrument by double-click Currency column in the Positions panel.
Note: You can track the charged fee for all executed conditional orders in My Account - tab Accounts Transactions.
Depending on the quantity, the fee is calculated and charged when the Conditional order gets an Executed status. You can check the ID numbers of Confirmed orders by hovering over the title (type of the order):
You can add up to 100 Conditional orders by clicking on the "+" button in the status bar. The confirmed Limit/Stop/OCO order to which the Conditional orders are attached is the primary order.
A "*" will appear in front of each order that has Conditional orders assigned to it, and also in front of all Conditional orders in the Orders window.
You can cancel a Conditional order with a Requested status by clicking on the button. You can cancel a Conditional order even if it is attached to another Conditional order, subsequent orders will also be cancelled:
You can copy any of the orders in the Conditional Orders window and the orders assigned to it by clicking on the button in the upper-left corner of the order's window. At the top of the Conditional orders window, you will see an End Copy button, which indicates that you have copied one or more orders; and those orders are marked with a darker colour:
This feature facilitates your actions when you want to submit the same sequence of orders, with the same parameters. Just hover over the order to see whether you can submit already copied orders.
You will see a notice:
When you click on the order, the copied orders will be attached to it:
Note: When you submit orders this way, if the Conditional orders warning message option is active, you must confirm that you are aware of the circumstances related to Conditional orders described in General Terms of Business.
To exit Copy mode, click the End Copy button - .
Click the Info button to see additional information about the selected branch of orders. This information will be formed from all orders marked in red, including the root order:
Note: No matter what mode you are in, all orders attached to logical based orders will be placed as Logical orders.
If there are no orders in this instrument in the Conditional orders tree, you will see the New Conditional Order window for this instrument.
In the upper-left corner of the window, you can use the "X" button to remove the filter of the pending orders list for the particular instrument: