Stop Loss and Take profit

[kavs]

Dear sir,

How did I place Buy or sell, stoploss and take profit in "order".

Please help me.

Thank you,

With best regards,
Kandasaamy.v.s.

[Dennis Carr]

Hello Mr Kandasaamy

You don't need to specify whether the orders you are placing are stop-loss or take profit, Rumus2 identifies them automatically. All you need to do is set the levels and the type (buy or sell).
You do this as follows:

Click Order in the Trade terminal toolbar or select Place Order after right-clicking either the Positions window or the Orders window.

The Order window is attached to this post. Each section is described below.

Account : shows the account that you are working in.

Instrument: Select the instrument you want to place an order on.

For all orders, set the Type ( Buy or Sell ); the Lot (or Amount ), and Price .

For an OCO order, select OCO and set the two orders.

For an If-done order, select If Done and set your levels for the two or three orders.

Click Place and your request will be sent to the dealing desk. If the request is accepted, you will receive confirmation and if not, you will be notified with an explanation why your order has not been placed.

This info was taken from Rumus2 Help. If you do not have the Help pages on your R2 you can download them from the Forex Club site at

http://fxclub.com/forex-platform/

The help pages are called (rather confusingly) a Rumus2 Tutorial in EXE format but if you click on the link the help pages will download direct into your R2 platform.

Hope this helps.

[kavs]

Dear Dennis carr

Thanks.

[azarento]

Dennis, imagine that eurusd is at this moment at 1.3820/1.3823 and i want to buy at 1.3823 at put a stop-profit order at 1.3835. How can i do that?
Thanks!;)

[Dennis Carr]

Dennis, imagine that eurusd is at this moment at 1.3820/1.3823 and i want to buy at 1.3823 at put a stop-profit order at 1.3835. How can i do that?
Thanks!;)

Use Deal to open the position on the market by clicking Buy. Then in Orders set your order as Sell at 1.3835. We'd call this order either a take profit order or a limit. However, it doesn't matter what you call them to Rumus2, which will simply close the position at your set level.

Azarento, you might be interested in Forex Primer which I think Forex Club describes as 10 free email seminars. I wrote this series of lessons a few months ago and lesson 5 covers orders. You can access the series in Forex Club's member area.