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I have tried to use the order on Classic. I tried inputting for the 100,000 USD/JPY set sell at 93.55 , Sell 93.40 (for profit), Buy 93.75 (for stop loss). It states that I am not inputting the correct amount. Is there a better tutorial for the order. This way I can set it up to take profit or loss if I have to step away for awhile. Thank you.
mayday
04-27-2010, 11:18 AM
I have tried to use the order on Classic. I tried inputting for the 100,000 USD/JPY set sell at 93.55 , Sell 93.40 (for profit), Buy 93.75 (for stop loss). It states that I am not inputting the correct amount. Is there a better tutorial for the order. This way I can set it up to take profit or loss if I have to step away for awhile. Thank you.
Hello Dow,
Just to clarify, if you're opening your trade by selling at 93.55, you would have to buy at 93.40 for profit and to close your trade. If you sell at 93.40, you'll just be doubling your exposure to the markets once price hits this level.
The error that may occur may read "Invalid order. You are either trying to place it too close to the current market price or you have made an error when setting the price of the order. Please check and adjust the price of the order."
While your orders were originally meant to be set -15 points away from opening price (take profit) and +20 points away from opening price (for stop loss), the current market value at the time may have been too close to your take profit to initiate the order (since USDJPY has been moving aggressively downward in the past few hours). You must make sure that you place your orders at least 10 pips away from the current market levels.
Please let me know if this helps.
Great, thank you for your help.
If I place a trade on the Deal. Is there a way to change it to Order once the trade is in play? Say if I place a trade and I need to leave and let it go, can i set it to take a profit/loss when I am gone?
mayday
04-29-2010, 08:18 AM
If I place a trade on the Deal. Is there a way to change it to Order once the trade is in play? Say if I place a trade and I need to leave and let it go, can i set it to take a profit/loss when I am gone?
Hi Dow,
You can edit your orders on the platform at any time. Once an order is placed, you'll see it appear in the "Order" window in the dealing area. If you double click the order, a window will pop up in which you can edit the order. Additionally, you can also right click on the order and select to edit it or remove it totally.
If you are away from the computer, you may view your orders, delete existing orders or add orders by using the Rumus (ClassicFX) mobile applications.
http://www.fxclub.com/mobile-forex-smartphone/ : Rumus for smartphone
http://www.fxclub.com/mobile-forex-pda/ : Rumus for PDA
If you have any other questions, please feel free to ask.