What all order types one can execute through Quantower?
Through Quantower, users can execute various order types,
including:
- Market Orders: These orders
are executed at the current market price.
- Limit Orders: Users specify a
price at which they are willing to buy or sell, and the order is executed
when the market reaches that price.
- Stop Orders: These orders
are triggered when the market reaches a certain price level, after which
they become market orders.
- Stop Limit Orders: It is similar to stop orders, but users also specify a limit price.
Once the stop price is reached, the order becomes a limit order with the
specified limit price.
- Bracket Orders: These orders
consist of a main order and two conditional orders (profit target and
stop-loss). If the main order is executed, the profit target and stop-loss
orders are automatically placed.
- Cover Orders: A cover order is a combination of
a market order and a stop-loss order. When the market order is executed, a
stop-loss order is simultaneously placed to limit potential losses.
Related Articles
How to place a basket order on the Quantower Platform?
Using the Multiple Order Entry Panel in Quantower, one can create multiple baskets, manage the baskets and place different types of orders that are supported by the broker. To create basket order on the Quantower Platform: 1. Navigate to the new ...
FAQs on QuanTower Trading Platform
1. What is the Quantower Trading Platform at 5paisa? Quantower Trading Platform is an advanced platform and an extension to 5paisa that enables users to do trading through their desktops/laptops. It is a full-featured platform covering the global ...
What is the new VTT order type?
The new VTT (Valid Till Triggered) order type allows you to place three legs of an order simultaneously: · Price at which you want to buy: Set the price at which you wish to buy. · Stop Loss: Define the stop loss price to limit potential losses. · ...
Why to connect Quantower to 5paisa ?
Through the Quantower trading platform, 5paisa offers an advanced trading experience tailored for active traders. This platform provides access to live market prices, sophisticated charting and analytical tools, and efficient order entry ...
How to create option strategies and trade with one click on the Quantower Platform?
The Quantower’s option watchlist empowers you to design and execute multi-leg option strategies effectively within a single platform through the following points: It allows you to create a desired option strategy directly within the option watchlist. ...