Pending Orders Execution Sample Clauses

Pending Orders Execution. 🠹 11.1. A pending order is executed in the following cases: o 11.1.1. Buy Limit order: whenever the current Ask price becomes lower or equal to the order price o 11.1.2. Buy Stop order: whenever the current Ask price becomes higher or equal to the order price

Pending Orders Execution. 4.10.1. A pending order is executed in the following cases (including Price Gaps): A. Buy Limit order: whenever the current Ask price becomes lower or equal to the order price B. Buy Stop order: whenever the current Ask price becomes higher or equal to the order price C. Sell Limit order: whenever the current Bid price becomes higher or equal to the order price D. Sell Stop order: whenever the current Bid price becomes lower or equal to the order price E. Take Profit order for a ‘Buy’ position: whenever the current Bid price becomes equal to or higher than the order price F. Stop Loss order for a ‘Buy’ position: whenever the current Bid price becomes equal or lower than the order price G. Take Profit order for a ‘Sell’ position: whenever the current Ask price becomes equal or lower than the order price H. Stop Loss order for a ‘Sell’ position: whenever the current ask price becomes equal or higher than the order price. 4.10.2. The following rules are applied to orders’ execution during price gaps: A. In case the pending order price and Take Profit level are within the price gap, the order will be cancelled with a comment (‘cancelled’ or ‘gap’) B. In case the ‘Take Profit’ order price is within the price gap, the order will be executed by its price C. In case the ‘Stop Loss’ order price is within the price gap, the order will be executed by the first price after the price gap with a comment (‘sl’ or ‘gap’) D. ‘Buy Stop’ and ‘Sell Stop’ pending orders will be executed by the first price after the price gap with a comment (‘started’ or ‘gap’) E. ‘Buy Limit’ and ‘Sell Limit’ pending orders will be executed by the order’s price with a comment (‘started’ or ‘gap’). F. In some instances, when small price gaps occur, the orders may be executed as usual, as stated in the previous paragraph. 4.10.3. In case a Client account simultaneously has the following characteristics: A. The margin level is 140% or less B. 60% of the volume of the total position is placed at the one trade tool and has one direction (sell or buy)