Linked Orders
Improve your risk management by applying entry and exit strategies
Improve your risk management by applying entry and exit strategies
Linked Orders allows you to use Stop Loss and Take Profit Orders to help improve your risk management by applying entry and exit strategies. This system also brings with it an improved order ticket and simplified Conditional Orders.
With the Linked Orders System, orders will now be placed via a page within the site rather than a separate pop-up window. This improved layout will allow you to view more information about your current Open Orders and Account Balances, as well as full market information including quote, depth and course of sales data.
If you prefer a pop-up style order ticket, you can open a "quick ticket" from the trading menus. The quick ticket has less information on it but is ideal if you want to setup a number of orders at the same time. You can even set the Quick Ticket as your default if you like - just go to the Trading Settings tab in the Preferences section (note that Amends and Cancels will always open in the full page ticket).
With the Linked Orders System, order types are simpler. There are just Buy Orders and Sell Orders. Plus, any Order can be made conditional by adding a condition to it via the Add Condition link.
Linked Orders provide you with the option to plan your entry and exit strategy. Orders can now be broken down into legs that will execute sequentially or in parallel as a One Cancels the Other Order, if they suit your trading strategy. By adding a risk management strategy to your trading you can take the emotion out of it.
Our Terms and Conditions have been updated to include the Linked Orders System. Any orders you place on the new Linked Orders System using the new order ticket will be subject to these amended Terms and Conditions.
You can open a BOQ Money Market Deposit Account as part of your application for BOQ Trading.