If we place a Limit or Stop order on the chart to be executed at a specific price level, but it is immediately executed at market, it is necessary to configure the Automatic Stop Evaluation.
The Automatic Stop will define the order type of orders sent via Chart Trading depending of the price of these order. For example, if a Buy Limit order is placed above the current Ask Price, the order will be executed immediately. To prevent this, the Automatic Stop will identify the price and adjust it to a Stop order, avoiding this situation.
To configure it, go to Settings through the Tools menu, and under Chart, click on the ChartTrading tab:
The Evaluate Bid/Ask price option identifies the best buy and sell offers in the Order Book and, based on this information, defines the order Type considering the Price Levels parameter.
The Evaluate Last Close option set the last quote as the reference.
In Price Levels, it is recommended that the field be set to zero (0), as any value above this may consider additional points and execute orders outside the desired price.
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