How do I enable conditional orders and how do I use them?

In order to access the Conditional Orders functionality, you need to activate the feature in your Edge trading environment. Please go to the main menu > Platform settings > Platform & Trading > Conditional Orders = On.

This will make the option "Add condition" appear inside the Trade Ticket below the standard input fields.

To add the columns to the Orders view, go to settings > Manage columns and simply drag and drop the relevant columns to “Columns shown”.

What are conditional orders?

Conditional Orders are orders for which you can specify a conditional event in one financial instrument. If the condition occurs, this will trigger a separate order in the same or another financial instrument.

The conditional event is known as the trigger order. Once the trigger event has occurred, the conditional or sleeping order becomes active. The trigger event will only happen once.

A sleeping order is an order that is placed because the trigger condition is met. If filled, the sleeping order creates or closes a position on your account.

Different types of triggers

1. ‍Price trigger: Set a specific price
2. ‍Distance trigger: Set a distance to the current price\
3. Breakout trigger: Set two prices, one above and one below the current price.

When using Conditional Orders, open the usual Trade Ticket module to specify your order parameters. When clicking on the ”Add Conditions” text, additional input fields will appear. These are the Conditions, that when met, will trigger the Order in the above part.

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