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 Creating an Order

To create an order, do the following:

1. At the top of the AVA AlphaTrader workspace, click the Trading tab.


The Trading toolbar displays.


2. In the Orders section of the Trading toolbar, click


The Create Entry Order dialog displays.


3. In the Create Entry Order dialog, do the following:

  1. In the Symbol field, either select a symbol from the dropdown menu or enter a symbol in the editable field.
  2. In the Amount field, either select an amount from the dropdown menu or enter an amount in the editable field.
    The field displays the required minimum amount for the selected instrument.
  3. In the Buy price tile, the current price of the instrument displays.
    Note: Current price = the instrument price to open a buy trade position. This price is not necessarily the instrument's price should the entry order execute into an open trade position.
  4. In the Entry Conditions area, do the following:
    1. Select an entry condition, either Entry Limit or Entry Stop.
    2. For the entry condition, click either the By Price option button or the In Pips option button.
      Selection indicates the terms in which you are defining the entry condition - using a price or using a pips value
    3. In the relevant By Price or In Pips value field, either modify the field’s displayed value using the up and down buttons or enter a value in the editable field.
    4. Optionally, in the Order Expires field, select the checkbox to specify an expiration date and time for the order.
      The selected field is editable and also provides a dropdown calendar from which to select a date.
  5. Click Buy.
    An order created confirmation message displays in the workspace and includes the [trade_id] of the created entry order.
    The entry order remains pending execution, until such time that its specified entry condition is either met or exceeded or its order expiration date is reached.

4. Click the Pending Orders tab and view this created entry order's details.

Notes About Create Order

When creating an order, what you are doing is creating an entry order that defines either a conditional sell or a conditional buy of a specified amount of instrument. An entry order instructs the trading platform to only execute the trade – transition to an open trade position – when the order’s specified entry condition is either met or exceeded. Until that point in time, the created entry order is pending execution and is, therefore, referred to as a pending order.

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