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The pending trade mechanism lets you delay trades or trade when an asset reaches a certain price. This is your order to buy/sell an option when the parameters you specify are met. You can find the detailed information by clicking here.
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- To place a pending order, please view the right side of the screen. The field that contains the trade order controls will display ‘Order’ button.
- Click the button to be able to place your pending order. Choose whether the trade is executed by price, time, or the asset's open.
- Once your order has been placed, find it in the ‘Trades’ menu on the left of the chart. The order can be canceled before it is executed.
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| A pending order is valid for 1 trading session. The maximum validity of the pending order is 7 days. You can cancel it at any time prior to its opening without losing the funds planned for this transaction. |
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Cases cancel Pending Orders
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The set parameters have not been achieved within seven days.
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The specified expiration time is longer than there is until the end of the trading session.
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There are not enough funds in your account.
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If you have reached the maximum number of open trades. This number depends on your account's status. For more information, please visit: https://olymptrade.com/statuses.
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⏸Session
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If you create a pending order when the asset is closed, the order will be executed at the beginning of the trading session at the opening price. |
💲Price
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If you create a pending order for an asset at a specific price, the order will be executed when the price is reached. There may be some slippage as the trade is executed since prices change constantly. |
⏱Time
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If you create a pending order for an asset at a specific time, the order will be executed when the time is reached. |
What is slippage? Slippage refers to all situations in which an investor receives a different trade execution price than intended. Slippage occurs when the price changes between the time a trade order is requested and the time the order executes.
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