Create a Conditional Order

A conditional order is an order that will automatically be submitted or cancelled ONLY IF specified criteria for one or more defined contracts are met. You can set conditions for stock, option, futures or combination orders, and use many different triggers including movement of a security index.

To create a conditional order

1. Right-click on an order and select Modify, then select Condition.

2. From the Conditional tab on the order ticket click Add Condition.

3. Enter contract information for the contingent asset.

4. Enter the trigger information for the contingent asset:

1. Select whether the price of the contingent asset should be less than or equal to (<=) or greater than or equal to (>=) the trigger price.

2. Enter the trigger price.

3. Select the trigger method.

NOTE: If you select the double bid/ask method, the "greater than" or equal to operator (>=) will use the BID price and the "less than" or equal to operator (<=) will use the ASK price.

5. You can set up to three conditions on a single order.

6. Select the action to take when conditions are met, either Submit the order or Cancel the order.
    

For more information on conditional orders, visit the Order Types information page.

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