Introduction

The Buy / Sell Buttons are integral components of the Trading Panel in the FinStudio Charts module, designed to facilitate quick and decisive trading actions directly from the chart interface. This section provides traders with immediate access to several types of orders, allowing them to react swiftly to market changes without navigating away from the chart.

Detailed Functionality of Each Button

Buy Market:

Functionality: Pressing the "Buy Market" button executes a buy market order, which opens a new position at the current market price.

Usage: Ideal for traders looking to enter the market immediately, ensuring that they catch the current price without waiting for any pullbacks.

Sell Market:

Functionality: Pressing the "Sell Market" button executes a sell market order, opening a new position at the current market price.

Usage: Used when traders want to exit the market quickly or initiate a short position to capitalize on expected price declines.

Buy Bid:

Functionality: The "Buy Bid" button places a buy limit order at the current bid price.

Usage: Suitable for traders who expect the price to retrace to the bid price and prefer to enter the market at a more favorable price than the current ask.

Buy Ask:

Correction: There seems to be an error in the description. Typically, "Buy Ask" would place an order at the current ask price, not bid price.

Functionality: This button should place a buy limit order at the current ask price, aiming to capture the market as it reaches this level, usually in fast-moving market conditions where immediate entry at the ask is crucial.

Sell Bid:

Functionality: Pressing the "Sell Bid" button places a sell limit order at the current bid price.

Usage: Useful for setting an exit point for a short position at a higher bid price, or for entering a short trade under the expectation that the price will rise to this point before continuing downwards.

Sell Ask:

Functionality: The "Sell Ask" button places a sell limit order at the current ask price.

Usage: Allows traders to set sell orders at a higher price point, often used when expecting a quick spike in price to the ask level.

Conclusion

The Buy / Sell Buttons on the Trading Panel of the FinStudio Charts module offer traders a streamlined and efficient way to execute trades directly within the chart. These buttons support a variety of trading strategies, from aggressive market entries to more cautious, price-specific entries and exits.