The Basket Orders tool enables the simultaneous submission of multiple orders, whether for a single asset or multiple ones. Each group can have different order execution settings, and with a single click, all orders in the basket are sent at once, requiring no further action from the user.
To open the Basket Orders tool, navigate to the Trading menu:
Setting parameters
The window is divided into tabs for the respective orders that can be configured and added to the created baskets: Buy, Buy Stop, Sell, Sell Stop, and also Advanced.
Select the Account, Asset, Price, Quantity, TIF, Date, and a pre-configured Bracket strategy from the Trading Bracket Editor.
In the Advanced tab, set advanced management and execution parameters:
- Modify Price: Modify the order type by adjusting the order value using addition, percentage, or by specifying the exact desired value.
- Modify Quantity: The Percentage, Add, and Exact fields define how the configured quantities will be adjusted, or, if preferred, allow direct input of the exact desired value.
- Reverse Side: Change the direction of all configured orders in the basket. For example, a sell order will be converted into a buy order.
- Change Asset: Modify the assets of all orders or a specific one. For instance, replace EUR/USD with AUD/JPY, or change all orders to EUR/USD. The asset can be modified in all configuration options.
- Change Account: Select a different account in the order ticket.
Create, duplicate, name, or delete baskets using the icons at the bottom:
After selecting the number of baskets to use, start configuring them using the first four buy and sell tabs. In these tabs, you can set order values and other options, similar to trading order tickets, use the Add button to include new orders.
In this manner, as soon as we click in Send, all the set orders will be sent simultaneously.
Was this content helpful?
Please rate us down below.