Key Features of the Orders Module

Order Monitoring

Functionality: Users can view all pending orders that have yet to be executed. This real-time monitoring allows traders to keep track of their orders as they await execution, providing a clear overview of all active trading commands.

Order Status

Functionality: The module displays various statuses of orders, giving traders insights into the life cycle of each order.

• Active: Indicates orders that are currently live and waiting for execution.
• Partially Filled: Shows orders that have been partially executed.
• Filled: Represents orders that have been completely executed.
• Cancelled: Displays orders that have been cancelled before execution.

This detailed status tracking helps traders understand the dynamics affecting their orders at any given moment.

Potential Profit/Loss Projection

Functionality: For every stop or limit order placed, along with the associated stop loss and take profit orders, the module calculates and displays potential profits or losses. This feature aids traders in making informed decisions by projecting the financial outcomes of their orders based on current market conditions.

Execution Color Alerts

Functionality: The module can be configured to change the color of the order row as it approaches the execution point. This visual cue helps in quickly identifying orders that are close to being executed, enhancing the trader's ability to manage positions responsively.

OCO & OSO Orders

Functionality: Traders can utilize advanced order types such as One Cancels Other (OCO) and One Sends Other (OSO) to manage multiple orders simultaneously. These order types are crucial for implementing complex trading strategies where the execution of one order automatically leads to the modification or cancellation of another.

Order Grouping

Functionality: Orders can be grouped based on specific criteria such as instrument, order type, or execution date. This organization aids in decluttering the trading interface and provides a more structured view, making it easier to manage multiple orders.

Order Operations

Functionality: The module offers various operations that can be performed on individual or batches of orders:

• Cancel: To halt an order before it executes.
• Reverse: To quickly reverse the direction of an order, useful in rapidly changing market conditions.
• Set Take Profit/Stop Loss: To assign or modify exit strategies for active orders.

Trade Algo Support

Functionality: Traders can enhance order functionality by assigning specific actions through programmed trading algorithms. This allows for the automation of trade executions based on predefined conditions, enabling a more dynamic and flexible trading strategy.

Conclusion

The Orders module is a vital component of our trading platform, offering robust tools for comprehensive order management. By providing detailed insights into order status, potential outcomes, and flexible management options, the module empowers traders to execute their strategies with precision and control. The combination of real-time monitoring, advanced order types, and customizable alerts ensures that traders can respond effectively to market movements and maintain optimal control over their trading activities.