How to place orders?
MyBro offers a variety of order types for various trading strategies to help you reach your trading goals.
Among them are protection orders such as Stop Loss and Take Profit, there are market and OCO orders.
Here are the order types you can place on the trading platform:
Market order
How to set up the Market Order?
To place a Market Order with MyBro, go to the Trading Platform and click on Buy or Sell buttons. In the new window enter your lot size and hit the "Send Order" button.
Limit order
How to set up the Limit Order?
To set a Limit Order, go to the Trading Terminal and in the new order window choose the "Limit" order type from a dropdown menu and specify the Limit Price and default position of size (lots) of your choice.
Stop order
How to set up the Stop Order?
On MyBro, you can set up the Stop Order in the order window by choosing the "Stop" order type from a dropdown menu in the Trading Terminal and specifying the Stop Price and default position of size (lots) of your choice.
OCO order
How to set up the OCO Order?
To place an OCO order with MyBro, go to the Trading Platform and click on Buy or Sell. In the new window, choose OCO order. Enter your lot size, specify the Stop and Limit prices, and hit the "Send Order" button.
Take Profit
How to set up Take Profit Order?
To set Take Profit order, go to Trading Terminal and in the new order window, tick the box for Protection Orders and set Take Profit price.
You can also set the Take Profit price for an existing positions. In order to do so, you need to double click on the desired positions from the "Positions" widgets. Then specify the Take Profit price in the pop-up window and hit the "Modify" button.
Stop Loss
How to set up Stop Loss Order?
On MyBro, you can set the stop price in the order window by ticking the box for Protection Orders in the Trading Terminal and specifying the Stop Loss price of your choice.
You can also set the stop price for an existing positions. In order to do so, you need to double click on the desired positions from the "Positions" widgets. Then specify the Stop Loss price in the pop-up window and hit the "Modify" button.
