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.