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Inside Trade Master 9.
Trading operations can be performed through 2 types of market orders, 6 types of pending orders, 2 stop orders and trailing stop.
A trading mobile app for operations in the forex and exchange markets is only as flexible as its order ticket, so here is the full list.
Trading operations can be performed through 2 types of market orders, 6 types of pending orders, 2 stop orders and trailing stop.
The order ticket is where intention becomes instruction, so the range of orders a trading mobile app offers sets the limits on operations in the Forex and exchange markets. Trade Master 9 supports two types of market orders, six types of pending orders, two stop orders and trailing stop — enough that most strategies can be expressed directly rather than approximated by sitting at the screen and pressing buttons at the right moment.
Market orders answer the simple case: take the price that is there now. Pending orders answer the planned case: act only if the market reaches a level you have chosen, whether that is a breakout above resistance or a return to support you would rather buy into than chase. Six variants exist because "reaching a level" can mean several things — approaching it from above or below, with or without a limit on how far past it you are willing to trade.
Stop orders and trailing stop handle the exit, and they are the reason a position does not need constant attention. A stop closes the trade at a level you have decided in advance, when you are calm rather than watching a candle. A trailing stop moves that level along behind the price as the trade works, converting an open profit into a protected one without you doing anything.
Used together, the three layers cover an entire trade: a pending order to get in, a stop to define the loss you accept, a trailing stop to manage the win. That is a full strategy running while you are asleep or at work, which is what most people actually need from a mobile platform. The home page shows how the rest of the app supports it.
Trading operations can be performed through 2 types of market orders, 6 types of pending orders, 2 stop orders and trailing stop.
Two types of market orders, six types of pending orders, two stop orders and trailing stop.
Market orders execute at the current price, while pending orders wait for a level you set. Between them they cover both reactive and planned entries.
Stop orders and trailing stop exist to close a position without you watching it, either at a fixed level or at a distance that follows the price as it moves your way.
Three short notes on how this works day to day.
A typical working setup uses a pending order for the entry, a stop order for the exit you do not want, and a trailing stop once the trade is in profit. All three can sit on the same position without you being at the screen.
Which order types a broker accepts on a given instrument can vary, and pending orders are subject to the execution mode in use on your account. Both are worth checking before a strategy depends on them.
Anyone building a repeatable strategy should start here, especially traders coming from an app that only offered instant buy and sell.
How trading system sits inside the Trade Master 9 platform.
The platform delivers Market Depth and separate accounting of orders and trades, supporting both the traditional netting system and the hedging option system. Four execution modes — Instant, Request, Market and Exchange — cover different trading objectives, and every order type is available: 2 market order types, 6 pending order types, 2 stop orders and trailing stop.
TM9 is a software development company and does not provide investment or brokerage services. The platform supplies the trading terminals, analysis tools and automation; your broker holds the funds, sets spreads and leverage, and executes the orders the platform sends. Trading carries a real risk of loss, and signals or robots are tools rather than financial advice.
Flexible Trading System. Netting and Hedging. Market Depth. Or open the Platform Guide for all 20 pages.