Order Validation

input order instrument enter here the name or symbol of the instrument (stock, fx, fund, etc) for which you have identified a trade setup; press enter or the search button and a list of matching instruments will be displayed this may take a few seconds; select the appropriate instrument by clicking on it fx instruments are searched using the following syntax xxx/yyy e g gbp/usd for the cable please refer to this article for more details foreign exchange rates (fx) docid\ vfl6 hfgrstahiojar a long / short toggle choose the direction of the position you are looking to take level the price at which you will be entering the market this is an optional field which can be automatically calculated by level rules if your risk strategy has one size the size of the order you are looking to place this is an optional field which can be automatically calculated by size rules if your risk strategy has one stop the level at which your setup is deemed invalid and your order is automatically closed this is an optional field which can be automatically calculated by stop rules if your risk strategy has one limit the level at which your setup is deemed completed and your order is automatically closed this is an optional field which can be automatically calculated by limit rules if your risk strategy has one timeframe the timeframe at which you have identified your trade setup for instance if you have identified a trade setup looking at a daily chart you should choose day the trade is anticipated to last a number of days conversely, if you are looking to hold a position for multiple weeks, choose week strategy the risk management strategy to apply to the order you are looking to place all your risk management strategies can be managed from the risk strategies menu on the left hand side order analysis once the validate button is pressed, the order is analysed (this may take a couple of minutes depending on the data to load) and this section becomes active here each risk rule included in your risk management strategy is represented as a red / yellow / green card each card contains more details as to the analysis performed validated order fields in this section are only filled if the order is deemed compliant to your risk management strategy (no red cards) size / notional the size of the order is expressed in number of shares (top field) and its notional amount (notional field) stop / points away to facilitate entering orders on your trading platform, the stop is expressed both as a price and as a distance (number of points) from the entry level a point represents the smallest possible price change on the left side of a decimal point, while a tick represents the smallest possible price change on the right side of a decimal point your trading platform may be using ticks so always check this before placing a trade limit / points away as above but for the order limit clicking on the level, size, stop and limit fields will copy their respective values into the input order section this is to help tweaking values for your order