Stop-loss and limit orders can be placed on open positions simply by clicking on the stop/limit column on the open ticket. Orders can be modified or cancelled at any time. dbFX will endeavour to use the current prices as displayed on the dbFX trading platform to execute stop loss orders. If the market moves through the stop loss price the order will be executed at the next available price as displayed on the trading platform.
Clients also have the option of setting a trailing stop-loss order that will automatically adjust as the market price moves in the direction of the open position. The trailing stop feature allows clients to lock in profits without having to monitor the market.
Stop-Loss Order
A stop-loss order allows a client to limit potential losses from an unfavorable market move. An order to close the position is triggered by a rate specified by the client. With the dbFX Trading Platform, a stop-loss order is attached to a specific open position or entry order. If the position is closed or entry order cancelled, the attached limit order will be cancelled. Otherwise, the limit order is good till cancelled.
Trailing Stop-Loss
A trailing Stop-loss order is similar to a stop-loss, except contains an additional feature. The stop-loss level automatically adjusts in tick by tick increments to increase gains or decrease losses, as the underlying position makes favorable moves.
- Ability to Set Stops and Trailing Stops
