Trading from a chart enables you to place and edit orders directly on a chart. Find out more about it in this short and comprehensive article.
Trading from a chart enables you to place and edit orders directly on a chart
Charts trading is generally considered to be a flexible and instant way of trading the financial markets or your chosen instrument
The xStation trading platform allows you to set pending orders directly from the chart or in the order window.
Setting a pending order from the chart is followed by the opening of an order window with all the parameters set previously on chart.
The xStation trading platform has been designed to make trading easier for you, enabling you to set pending orders directly from the chart without the necessity of opening a new order window and setting all the parameters manually.
In order to start trading from the chart you should first press the button found in the top-left corner of the screen (highlighted in the example above by a white box). After doing so, move the mouse cursor on the chart so that you can select a level where the pending order will be opened.
Once you’ve chosen the price level of your pending order, you can select Stop Loss or Take Profit orders above or below your level.
Looking at the example, the 41.96 price level has been chosen to set a pending order. The Stop Loss level has been chosen at 45.50 and the Take Profit level has been chosen at 32.28. Because the Stop Loss was chosen above the level where the position will be opened, the system automatically determined that it would be a Sell Stop pending order.
After setting the pending order from the chart, a full order window with your chosen parameters will open. If you would like to make some modifications, these are possible in the newly opened window.
If you would like to set the pending order, then you should click on the “Sell Stop” button, because that is the transaction type that was set.
Learn more about the different types of pending orders here.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.