Good day everyone. Today we'll talk about how to correctly set a trailing stop (or another trailing stop) in the QUIK terminal and is it needed at all? I myself do not use a trailing stop in my trading, but always move the stop loss manually. But since I am often asked about this, and this topic is interesting to many, I will try to reveal it in this article. So, let's begin.
What is a trailing stop loss and is it needed?
In general, traders who trade intraday and open positions on several instruments at the same time are most suitable for traders. It can be quite difficult to keep track of all the securities and drag the stop manually. Naturally, in this case, it is necessary to competently approach the selection of trend instruments. Since if you use a trailing stop loss when trading in a flat, then you will catch it quite often.
But personally, my favorite thing is to drag the stop manually. This gives you better trading results. Since the volatility and mechanics of price behavior change periodically in the market. For example, sometimes the trend movement is very smooth, with small consolidation zones, and sometimes with significant pullbacks. If we drag the stop loss manually, it will be much easier to track. In the case of a competent pull-up of the stop on your own, behind the consolidation zones, or behind the levels, the trading performance will increase. In particular, in my trading I use some formations based on this principle. Now let's move on to setting a quick trailing stop. I'll tell you about the example of a Sberbank futures.
How to set a trailing stop in QUIK?
So, right-click on the order book and select the "new stop order" item. Then it changes the type of stop order to “take profit”. After that, we will have the next window, look at the figure (Fig. 1).
Next, we need to register the appropriate parameters. For example, if we bought futures for Sberbank at a price of 9 800 and want to sell it at least 9850, then in the window “take profit, if the price<=” необходимо прописать соответствующее значение. Если мы хотим чтоб после достижения этой цены стоп-лосс начал автоматически пододвигаться, то выставляем в графу отступ от min необходимое значение, например 50 пунктов. После чего стоп будет пододвигаться за ценой на расстоянии 50 пунктов. Например, цена стала 9 900, то стоп передвинется на 9 850 и тд. В случае отката цены стоп-лосс заявка останется на месте. Далее не забываем выставить защитный спрэд – это разница цены между ценой исполнения и худшей ценой, по которой вы готовы выйти из позиции. Другими словами проскальзывание.
And so that the deal is guaranteed to close, do not forget to set it. Then we select the required number of contracts and press enter.
We can also place a take profit and stop limit order (Fig. 2). It differs in that here we can set a protective stop loss. You can read more about this.
That's all. I hope that this material will be of use to you. All profit.
Respectfully yours, Stanislav Stanishevsky.
PS... For more details on setting a trailing stop in QUIK, see the video.
Hello everyone!
Today we'll talk about how to avoid the failure of a stop loss order. To do this, you must always set the slip. Many do not know how to set it correctly or even forget about this nuance. In today's article, this is what will be discussed.
Slippage is absolutely normal in any real market. It may be absent only in Forex, since Forex kitchens do not transfer transactions to the interbank market.
Setting stop-limit orders and slippage in quik
How to display it correctly and what size should it be? Do not be too small with slippage, since our main task is to close the position when the stop loss is reached, even if at a price that is less favorable for us. It is better not to delay the loss. Otherwise, an unpleasant situation may happen. You left the position unattended, come home, sit down at the monitor and find out that the stop loss order did not work and you have a big minus in your account. If you entered on a less liquid security, then it can show a very large percentage of movement per day and you can incur large losses. Therefore, you never need to grind with slippage.
Expose it to 4 sizes from your foot. In this case, the probability that the stop will not work is minimal. Force majeure situations of course still happen. In the event of a strong negative, any instrument can open with a large gap, so a small risk still remains. If the gap is greater than the size of your slippage, then the stop will not work, if it is less, then the position will be closed at an extremely unfavorable price for us. But this is much better than sitting out losses. Since this approach will sooner or later lead you to a complete drain. Elks must be cut immediately.
There is no need to set a huge slippage either, since any futures have a limit on the rise / fall that it can show. This situation is called the bar.
And when placing an order, this limit cannot be exceeded. See the screenshot below (the highest possible price of the instrument and the lowest possible).
For example, we bought a futures contract on Gazprom and set a stop loss at a price of 14,600 (the graph is called a stop limit if the price<=), а проскальзывание (наихудшую цену срабатывания заявки) по цене 13 000. Это цена ниже минимально возможной цены, указанной в таблице. Если инструмент дойдет до стопа, то активируется рыночная заявка по цене 13 000 и ваш стоп отменится. Система напишет что ваша заявка отвергнута, так как она вне лимита. Поэтому больше чем заложенный лимит стоп выставлять нельзя. Это предупреждение вам на случай, если вы наугад выставите громадное проскальзывание, а потом обнаружите что стоп не сработал.
In general, let's summarize all of the above. Do not be small with slippage, but at the same time, be careful not to set slippage more than the limit for this instrument (the limit is usually very large, but still).
I will end on this. All successful trading. Bye.
There is probably no need to talk about the necessity and usefulness of stop loss orders. But along with the concern about protecting against losses, I would also like to think about timely profit-taking, especially if the price has a strong resistance level in the way, which can cause the price to stop and reverse. In this case, it is convenient to restrict the position from both sides by orders, set the so-called "stop loss" and "take profit", and it is optimal that these orders are mutually mutable, that is, when one of the orders is triggered, the second one would be automatically canceled. The QUIK program has a type of stop order called "With a linked order", but its possible validity period is only the current trading session, which is not always enough.
Today we will analyze how you can submit an interconnected request with a "Until canceled" validity period. For this we will use the “Take Profit and Stop Limit” stop order.
Let's take an example. Let's say we opened a long position on Sberbank and want
a) protect yourself from unfavorable price movements below 95 rubles;
b) fix a profit when the price approaches the resistance level of 103 rubles.
In the menu, select "New stop-order", the type "Take-profit and stop-limit". We set the validity period "Until canceled". We mark "Sale". Next, we prescribe the levels of taking profit and limiting losses. In the “Price” column, we indicate the price that will be in the exchange order in the event of a stop loss triggered (the size of the gap is optional). We indicate the size of the position and the Client code.
On the right side of the application, in the "Offset from max" column, put "0". In the "Protective spread" column, set the value by which the price will be reduced in the exchange order that closes the position with a profit.
If the price goes down and the first trade at a price of 95 rubles or less goes through the market, a sell order at a price of 94.98 rubles will go to the market, and the second order will be automatically canceled.
If the price goes up and the first trade at a price of 102.5 rubles or higher is held in the market, a sell order at a price of 102.48 rubles will go to the market, and the stop loss order will be automatically canceled.
Our position is limited on two sides. You can sleep well. When the market price reaches a level of about 100 rubles, it will be possible to replace the order with a new one by raising the stop loss level to the breakeven level.
Uniqueness of a Stop Order
If ordinary (Limit orders) are placed only at the time of the trading session, then (Stop orders) can always be placed, even when the trading has already closed. Those. after the close of trading, you can open a stop order the next morning, for example, for a breakout of a certain level (you can also set the time of the stop order, for example, until canceled).
All Stop Orders placed by you are saved on the Broker's server and are executed when certain values (specified by you) are reached. When the price reaches the level you specified, the broker places your limit order in the order book (limit orders are with the broker and are triggered according to the condition you specified).
Stop orders are not visible in the order book. For example, when they say (“to break the stops”), this just refers to the fact that orders that were not visible in the “order book” were triggered. Their influence is difficult to trace and one can only guess where they are. They will appear when the so-called “stop loss” occurs.
For example, you can observe how, when a certain price level is reached, a huge number of stop orders that were placed by participants are triggered, and the price rolls up or down by itself under their influence. These stop orders are exactly what we are talking about. The simplest stop order is the Stop Limit.
The most common method of using Stop Orders
1) buy on growth (i.e. place a buy order when the asset starts to grow)
2) sell when falling (when you need to sell an existing asset)
Stop orders have a high execution speed and are immediately sent to the exchange.
All data on Stop Orders are displayed in the "Table of Stop Orders".
Calling the Stop Orders window
A stop order can be called in different ways
Consider calling a stop order from the Depth of Market
Right-click in the order book field, in the window that appears, click on - (New stop order)
Also other ways to call Stop orders
1) By clicking the button on the toolbar
2) Double-clicking the left mouse button in the "Table of stop orders"
3) By pressing the "F6" key when the "glass" is active
4) By right-clicking on the "glass"
5) Selecting the context menu item "Trade" - "New stop-order" in the table
A window for entering Stop orders will appear, where you can select: type of stop order, expiration date and conditions for a stop order
Stop orders in QUIK
Section - Stop order type
Selecting the type of Stop order
Stop order type:
1) With link application
2) Stop limit
3)
Stop price on another security
4) Take profit
5)
Take profit and stop limit
Basic settings (short explanation)
Section - Validity
Select the expiration date of the stop order (in the Demo version, this window may not be active)
1) Today (the order will be active only today and withdrawn following the close of the exchange)
2) By (the application will be active until the specified date of validity)
3) Until canceled (the application will be active until you cancel it)
Section - Tool
Choosing a tool
Section - Trading account
Choosing a trading account
Section - Conditions for activating an application
The section may vary depending on the type of stop order
Choose - (Buy or Sell)
Purchase
Section - take profit if price<= (окно активно при выборе Тэйк-профит)
Section - stop-limit, if price> = (the window is active when you select Stop-limit and Co.connected order)
Sale
Section - take profit if price> = (the window is active when you select Take profit)
Section - stop limit if the price<= (окно активно при выборе Стоп-лимит и Со.связ. заявкой)
Both sections will be active for the order type (Take Profit and Stop Limit)
Or if the type of stop order is (Stop price on another security), the section will change to
Purchase
if the price<=
if price> =
Sale
if the price<=
if price> =
It should also be noted
The second window on the right is activated when you select the type of order (With linked order, Stop price for another security, Take profit, Take profit and stop limit), in case of an order (Stop Limit) only one window is active.
Section - Price
We set the price
Section - Quantity (lot)
Select the quantity (lot), (Quantity (lot 100) - in brackets it is indicated how many securities are in the 1st lot)
Press - (Enter)
All data on Stop orders are displayed in the table - Stop orders table
Modify Stop Order
You can change or remove a Stop Order from the table (Table of Stop Orders) by opening a new window using the right mouse button. A canceled order can also be restored from the same table (Table of stop orders).
Stop order changes using a stop order line on the chart
How to set stop order lines on the chart can be found in the article - QUIK Settings (Chart - settings)
A canceled order can be restored from the Stop Orders table.
Stop orders in QUIK
Examples depending on the selected type of Stop Orders
Type of Stop Orders in QUIK (variants)
1) With link application
2) Stop limit
3) Stop price on another security
4) Take profit
5) Take profit and stop limit
The meaning of the term (SPREAD, slippage)
The spread is applied in stop orders.
Spread (protective spread) - slippage
Slippage of the price often occurs in the “order book”, therefore, in the “price” field of stop orders, the price is indicated with the slippage taken into account. If this price is not specified, then the market may jump over the price specified in the “stop limit” and not return to it, then the order will not work. Therefore, for safety reasons, the price is indicated taking into account slippage. This Spread is needed so that our order does not remain hanging in the order book.
Usually, the larger the purchase volume of the instrument (Number of lots), the more you need to set the potential spread. It should also be noted that the more liquid the instrument, the smaller the potential spread.
Thus, we set the Spread (protective spread - slippage) based on the “order book”, depending on the prices and volumes in the order book.
Stop Orders More
1) With link application
With linked order - this is a Stop Limit with a linked order. An order of this type places two parts at the same time, a Stop order (Stop Loss) - fixing a loss and a limit order in the order book (Take Profit) - fixing a profit.
This type of stop order is very convenient for intraday trading.
Conditions
We bought an asset (shares of Sberbank) at 132 rubles. and want to sell.
1) If the price goes in our direction (up), fix the profit at 132.80 rubles. (Take profit - 132.80 rubles) - this condition will be displayed in the order book.
2) If the price does not go in our direction (down), fix our losses at the level (Stop Loss - 131.80 rubles) - this condition will not be displayed in the order book.
This is the same operation but at different prices. If one of the conditions is met, the opposite will be automatically canceled.
Example
Sale
Left window
We indicate the loss (we set the parameters for the stop loss)
stop limit if price<= (131,80)
Price (131.60) - price including slippage
Right window
Specify profit (set take profit parameters)
Place a linked order at a price
for sale at (132.80)
Check the box against - (If the order is partially executed, remove the stop order)
If you have a check mark
If you have, not 1 lot, but 100 lots for sale, and when the share price approaches the specified level, your orders are not executed in full (partially), the stop order will be canceled.
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Press - Enter
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Two horizontal stop-limit (stop-loss) and take-profit lines will appear on the chart.
2) Stop Limit
Stop limit can be used
1) to buy an asset
2) for the sale of an already purchased asset.
The Stop Limit order is mainly used to purchase an asset. For example, an asset is bought at the moment when the price level breaks out, for this we use a stop order (Stop Limit).
However, do not forget that stop orders, unlike limit orders, are not visible in the order book until they are activated according to the condition you set, therefore, using Stop Limit in order to sell an asset is also very important.
Purchase
Target
Wait until the asset grows a little, and then buy.
Unfortunately, it will not work with the help of a limit order (limit order - placed in the usual way), because a limit order placed at a price higher than the market price will be immediately executed, therefore it is better to use a Stop Limit order.
Conditions
We want to buy an asset (shares - Aeroflot), and at the moment the price is based on the level of 83.38 rubles.
1) Since I believe that the price will rise to the level of 83.50 rubles. and will continue to grow, then I choose - Purchase
Example
Purchase
stop limit if price> = (83.50)
Price (83.60) - price including slippage
Press - Enter
Explanation
stop limit, if price> = (83.50) - an order to the broker, when the price reaches 83.50 rubles, place an order to buy 83.50-83.60 rubles. Those. from this price we begin to buy, up to the price of 83.60 rubles.
Price (83.60) - we will buy our asset within this price, this is the size of the maximum deviation (place an order at a price of 83.60 rubles). Until this price, the required number of lots will be bought (depending on how many lots we have put up for purchase), and when the price becomes higher, the purchase will stop (if not all lots were bought, then the order will be partially executed).
Protective spread - Slippage (83.50-83.60 rubles) is needed in order to have time to buy assets and not break through the required price level, we will buy contracts (assets) at (83.50) or slightly higher price. In this corridor (83.50-83.60 rubles) there will be contracts for buying with the price we need.
Sale
A sell stop loss is mainly used when you want to make a deal (sell an asset) when the price of the asset itself falls (the chart falls down). The order is placed below the market price.
Target
Sell an existing asset (for example, the asset was purchased at RUB 81.60)
Conditions
Let's say the asset began to grow (RUB 83.00), but then began to fall, and the market price approached the RUB 82.95 mark, a pivot point appeared.
You decided to sell the asset, on the eve of the continued decline and in order to minimize the loss, you decided to sell it at a price in the range of 82.90-82.80 rubles.
Example
Sale
stop limit if price<= (82,90)
Price (82.80) - price including slippage
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Press - Enter
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Explanation
stop limit if price<= (82,90) – приказ брокеру, при достижении ценой отметки 82,90 руб., выставить заявку на продажу 82,80 руб.
Price (82.80) - at this price the order will go into the order book.
3) Stop price for another security
Stop price for another security - the order is similar to the Stop Limit, this stop order is applied when a decision on the security of interest to us depends on the price condition of another instrument.
(Stop price on another security) is used on correlated (interconnected) instruments. For example - (stocks and futures (or the index of the most liquid stock), the price of gold and the price of gold of the mining companies, the price of oil and the price of oil of the mining company, etc.). Those. we link together two instruments, closely dependent on each other, the dynamics of which is repeated. Conditions that have occurred on one instrument are a condition for opening a deal on another instrument.
In case of a breakdown, for example, of an index in some price values, we will either open our trading position or, on the contrary, close it. Most often, this strategy is used when the underlying asset (stock) and a financial derivative (for example, a futures) move. The logic boils down to the following, the price for one financial instrument is looked at, and traded in another (the stop price is set for another financial instrument).
Purchase
it is assumed that we want to buy an asset
Target
For example, trading is carried out on FORTS.
A certain relationship was revealed between the movement of two different financial instruments (Rosneft shares, and futures for Rosneft shares). Rosneft shares are the underlying asset; they determine the price movement for the futures of Rosneft shares (in this case, in order to trade futures, you need to look at the prices of Rosneft shares).
Wait until a certain price for Rosneft shares is reached
When the Rosneft share price reaches RUB 216.30, the trading system receives a limited order to buy a Rosneft futures (RNH5) at a price of 21,500.
Example
Purchase
Call the stop order window and select - (Stop price for another security). Opens two fields for filling.
Right window
1) First, the right field is filled in, where we select a benchmark (security (Rosneft Stock) by which we will be guided)
Left window
2) Then the left field is filled in to perform the operations we need.
We associate Rosneft Shares with Rosneft Futures.
Activation price - the price that will pass for the shares of Rossneft.
Higher (if the price > = 216.30 rubles) - the price that will be on the shares, after which we respectively buy futures and give the price of the futures (Price 21,500 rubles). Next, we expose the required quantity (lot).
Press - Enter
Explanation
As soon as (on the left picture - the price of the executable limit order) the share price exceeds the level of 216.30 rubles, a signal to buy a futures will enter the trading system.
The main thing is to agree on price levels. When the share price approaches the level of RUB 216, futures may already be much higher. In this case, we will not make a deal, but the order will go to the order book. If, on the contrary, the futures price will be much lower, then in this case everything is fine, since we directly make a deal at the current market prices. It is always necessary to take into account the correlation of prices, they may not always be closely interrelated.
4) Take profit
The most complex and frequently used order (Take Profit) allows you to achieve exclusive opportunities. First of all, this opportunity lies in the fact that the order (Take-profit) allows us to optimize the profit.
(Take profit) - this order with the condition - (execute the order when the price deteriorates by a specified amount from the reached maximum (for sale) or minimum (for purchase)). Take profit is usually used to close a position with maximum profit. An alternative use of take profit is also possible - to open a position (buy - at a price reversal upward (long) or sell - at a price reversal downward (short)).
Execute (close) an order when the price deteriorates from the reached maximum or minimum. Those. we do not just fix profits when the price continues to rise, we fix when the market starts to reverse and move in the opposite direction.
Operating principle
# 1) PURCHASE
Buying with Trailing Stop
Target
Alternative use (Take Profit on a price reversal) is to open a deal on a rebound from a certain level. Let's take a closer look.
We calculate the reversal of the price movement (bounce) from the support level (such signals appear quite often).
If you immediately buy an asset from current positions, it may turn out that the price will continue to move downward, breaking through the support level. However, in another case, it may happen that, having approached the support level, hitting it, the candle is formed in the form of a spike and the movement begins in the opposite direction (and such a scenario occurs quite often, especially in a short period of time - i.e., a downward movement , spike and reversal). To catch the price on a reversal, you do not need to constantly be near the computer and have iron nerves, for this you can place a stop order (Take Profit), which will make a deal at the moment when the price really reverses and moves in the opposite direction.
Conditions
We want to buy an asset after it approaches the price level of 144.55 rubles, bounces off it and turns up.
The challenge is to try to catch the price exactly at the moment when the market turns and goes in the opposite direction. To avoid mistakes, we place an order (Take Profit).
Example
Purchase
Buy on a rebound from the level
Purchase of Gazprom shares - we will make a purchase on a pullback from the level of 144.55 rubles.
Current price - 144.64 rubles.
Call the stop order window and select - (Take profit). Opens two fields for filling.
Left window
Conditions for activating an application
Purchase
take profit if price<= 144,55 руб.
Right window
Leave the indent from min - (0,1) (in the price currency)
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Press - Enter
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Explanation
We leave the indent from min - (0.1) (in the price currency) - this value will help to delay the stop order when it falls down by 0.10 kopecks, and as soon as the candle twitches a little by 0.10 kopecks up our deal will open and we will start buying our lots from the specified point in the range of 0.50 kopecks (since the Protective spread was set at 0.5). Those. The indent from min is like a trailing stop, which should help to buy an asset at a cheaper price and, of course, this indent can be increased if desired.
When the price starts to grow in the opposite direction by more than 10 kopecks, then the order will be executed.
2) BUY (this example of a stop order is analogous to example # 1 - the principle is the same)
Buying with Trailing Stop
Trailing stop (an order of the trailing stop type)
Trailing stop is a stop order that is automatically pulled up when the price moves in your direction. Those. in the Take-profit order, you can set certain parameters that, when the price moves in your direction of growth, the system will automatically pull up the stop order to fix the profit accumulated from this transaction. If the price rises, then the stop is pulled, i.e. is automatically rearranged to the best prices, if the price falls and moves not in your direction - the stop order stands still and when the price reversals by more than a specified number of points - the deal is closed.
Trailing stop (buy)
Target
Buy an asset at a better price when the asset falls
Conditions
We want to buy an asset at a price of 212 rubles. or even lower
Example
Purchase
Left window
Expiration date - until canceled (may not work in the Demo version)
Conditions for activating an application
Purchase
take profit if price<= 212 руб.
Quantity (lot 1) - buy 1 lot
Right window
Field - (Set "take profit")
Leave the indent from min - (0.5) (in the price currency)
Protective spread - (0.1) leave (in the currency of the price)
Press - enter
EXPLANATION
Let's admit
The price approached the level of 212 rubles. fixed a stop order and continued to move down, setting a new local minimum of 211.7 rubles. Take profit is activated and then it starts checking additional conditions (indent from min by 0.5 rubles). Further, for example, the price bounced off the level of 211.7 rubles. and rose to the level of 212.15 rubles. (at this point the price began to fluctuate), and as soon as it rises to 212.2 rubles. (local minimum of 211.7 rubles + indent from min by 0.5 rubles = 212.2 rubles), take profit placed a limited order to buy into the system at a price of 212.30 rubles. (RUB 212.2 + Protective spread RUB 0.1 = RUB 212.30).
1) SALE
Sell without Trailing Stop
Target
Sell the purchased asset at the level we need
Conditions
We bought an asset and want to sell it, fix the profit at a certain point. To do this, you need to select the level where we would agree to fix the profit, for example (the level of 132.80 rubles - take profit if the price is> = 132.80 rubles).
Example
Sale
An asset (shares of Sberbank) was purchased for 131.50 rubles.
Left window
Conditions for activating an application
Sale
take profit if price> = 132.80 rubles.
Quantity (lot 1) - sell 1 lot
Take Profit Sale
EXPLANATION
If (Offset from max) is made minimal, for example, 0.01 rubles, then the order will be triggered even with the smallest shifts.
2) SALE
Selling with Trailing Stop
Target
Sell the purchased asset (Gazprom) and get the maximum profit.
Conditions
We bought the asset (Gazprom) at a price of 145 rubles. and we want to sell it in order to get the maximum profit. To do this, you need to select the level where we would agree to fix the profit, for example (the level of 146 rubles - take profit if the price> = 146 rubles).
Example
Sale
Left window
Expiration date - until canceled (may not work in the Demo version)
Conditions for activating an application
Sale
Take Profit Sale
EXPLANATION
As soon as the price decreases after the maximum reached (after the level of 146 rubles, the program starts to automatically calculate the reached maximum, and it is correspondingly higher than the level of 146 rubles and can be anywhere) by 0.20 kopecks (this value is the right window - Indent from max - 0.20) in the price range of 0.5 kopecks (this is the value of the right window - Protective spread - 0.5 (the price deviation will be 0.5)) - our deal will take place.
The protective spread is designed to make the created order obviously executable.
After the price drops by 0.20 rubles from the maximum reached, the trading system receives a signal to execute the order and the order will be executed with a more profitable result.
If the range is in percentage
It is also possible to set a range in percent (ie, Offset from max and Protective Spread not - in the price currency, but in percent). However, the range in percent, it is more relevant to set for long-term investment or when working with less liquid assets, where it is more difficult to calculate the spread in monetary terms (i.e. (+, - 0.5% or 1%) - this will just be a protective spread of the second and third tier.).
5) Take profit and stop limit
When placing a stop order (Take Profit), a point is created where our stop order is activated - the level from which the trailing calculation begins. However, we do not have a level of protection against risks (this level may be needed if the price immediately goes not in your direction), for this we select a stop order (Take profit and stop limit).
This stop order can be useful (Ctrl)
To save the stop order data (indents between the lines) when dragging the stop order on the chart, hold down (Ctrl). This is important, because if you move the stop order on the chart without (Ctrl), then the stop order will not change entirely, but only the stop price will change. Therefore, we either change the stop order from the current table of stop orders, or move the order line holding down (Ctrl), then the difference between the order filing price in the order book and the stop price will remain.
Buy - Sell
Conditions
Convenient for deals in a short position - sell for a fall and make money on it
Short deal - we want to buy an asset (Sberbank shares) at a price (Price - 77.50 rubles) and sell it on a fall in the range - (76 rubles), if the price reverses, the order will close in the range (77.30 rubles .) - (since a stop limit will be set if the price is> = (77.30)).
Example
Purchase
Left window
Expiration date - until canceled (may not work in the Demo version)
Conditions for activating an application
Purchase
take profit if price<= (76) – это поле отвечает за тэйк-профит
stop limit, if price> = (77.30) - this field is responsible for stop loss
Price (77.50) - the price of placing an order in the order book
Quantity (lot 1) - buy 1 lot
Right window
Field - (Set "take profit")
Leave the indent from min - (0.01) (in the price currency)
Protective spread - (0.5) leave (in the currency of the price)
Press - Enter
Explanation
A request to close a Short has been created
The QUIK system allows trades using conditional orders (stop orders). A conditional order is an order with additional conditions that determine the moment of placing it in the trading system, depending on the current market situation.
Conditional orders generated by users are sent to the QUIK server and are stored there until the specified conditions are met. The QUIK server continuously monitors them and, if the condition is met, transmits the corresponding limited order to the exchange's trading system.
Types of conditional orders
Several different types of conditional orders are implemented in the QUIK system:
Stop Limit
the simplest type of conditional order, in which the condition for order execution is the achievement of the specified control value - the stop price - by the transaction price. As a result of execution of the stop-limit order, a limit order with the price indicated in it is transmitted to the trading system. This type of conditional order is used to limit losses on an open position.
Take profit
an order with a condition of the form: “do not sell securities if the price rises, and sell if the price falls by so many percent (or“ pips ”- price points) of the maximum reached”. To close “short” positions, the condition is the opposite - “buy if the price rises relative to the minimum”. This type of order is also called "trailing". The purpose of the take profit is to fix the maximum profit for an open position. The amount of difference between the high (low) and the condition price is called the "margin".
Take profit has two additional parameters:
- Activation price - the value of the transaction price, upon reaching which the check of the take-profit conditions begins. From this moment on, the high / low condition will be checked, and price fluctuations at lower levels will not lead to premature execution of the conditional order.
- Protective spread is an additional (advanced) deviation of the order price from the price of the last deal that initiated the order. Since conditional orders are usually placed at critical price levels, reaching them can cause a rapid price movement. In order for the order to be guaranteed to be executed, its price must be ahead of the price movement, that is, it must be several points less (for short positions - more) than the price of the last deal that initiated the order.
With related application
a combined order consisting of a stop limit and a regular limit order. A regular order is intended for the planned closing of a position, and a stop limit is for limiting possible losses from the opposite price movement. If one of the linked orders is executed, the second is automatically canceled. This type of order is also called "O.C.O." (one cancel other, "one request cancels another").
There are two advantages to using this conditional claim:
- for the execution of a linked order, funds are blocked in a single amount, and when two separate orders are used, in a double amount;
- the situation of execution of both orders is excluded in case of strong price fluctuations.
With a condition for another instrument
an order in which the condition is checked for one instrument, and the execution is carried out on the other. Such an order makes it possible to use as a condition the change in prices for the most significant securities that determine the general direction of the market movement, and when trading futures contracts, to respond to changes in prices for the underlying asset.
On the execution of an active order
a conditional order, which is activated in case of execution of an order in the trading system with a certain number. An “on execution” order can be either a stop-limit or a take-profit. This type of order is intended to describe the conditions for closing a position opened by an active order and prevents their execution before opening a position. The number of orders "on execution" related to one active order can be any.
Execution orders have two additional parameters that expand the possibilities of their application:
- Partial execution - activate a conditional order when the conditional order is partially satisfied.
- Take the executed volume - as the amount of the conditional order, use not the entire volume of the order, but its executed part. This is an additional parameter to the previous one.
The combined use of the two parameters makes it possible to take into account the situation of gradual satisfaction of a conditional order and activation of related conditional orders. With strong price fluctuations, it is even possible to execute the received conditional orders, and then return to the levels of the conditional order and again - to an increase in the activated volume as a result of the next partial execution of the conditional order.
- To enter a buy stop order bid price more stop price , so that the order can be executed with a further increase in the transaction price.
- To enter a sell stop order bid price it is recommended to assign to several points less stop price .
- Be careful when determining the direction of the order and the stop price in order to avoid entering a stop order with conditions that have already occurred.
