Jump to content
  • 0

Lot size, Price Level, Expiry , Stop and Limit



Hi, I am a newbie trying to place an order under "Order" tab
1) If I want to risk 0.5% of my 200,000 SGD account on this one trade, what do I enter under the " Size USD($) " column?   (My account is in SGD, while the size column in is USD)
2) What is the "price level" column about?
3) What is expiry "good till canceled" and "good till date" ?
3) If these are my buy entry and long exit rules respectively: 

" Buy entry: Place a stop order 10 ticks above the two-day high. This will help ensure

buying with the new trend and help to avoid false signals. Keep order until filled or as

long as the buy alert is still valid. 

Long exit: Place a stop equal to the 20-day EMA. Continue to update this stop daily to

form a trailing stop. "


What should I do to enter this information(both the stop order 10 ticks above the 2 day high and the trailing stop equal to the 20-day EMA) into the system and what do I fill in under "Stop" and "Limit"?


Thanks alot.


Link to comment

1 answer to this question

Recommended Posts

  • 0

Hi @CaiGengyang

3 hours ago, CaiGengyang said:
1) If I want to risk 0.5% of my 200,000 SGD account on this one trade, what do I enter under the " Size USD($) " column?   (My account is in SGD, while the size column in is USD)

0.5% of 200,000 is 1000 so your stop loss on the trade can't be more than $1000 SGD so the 'size' x stop loss in points must be adjusted to come in under $1000. The order ticket auto calculates this, the size of the stop loss should be fixed as per your trade plan so try different trade sizes so that the risk amount is less than 1000 SGD on the trade.

The Price Level is the price you want to enter the trade (Place a stop order 10 ticks above the two-day high), the platform knows what type of order it is by where you place the entry level.

The Expiry is when an unfilled order gets cancelled.

The Stop is the stop loss ( Place a stop equal to the 20-day EMA) you will need to read off the level and fill in on the order ticket and then adjust manually once the order gets filled. The Limit is the price level you want to take profit and close the trade (can be left blank).

Hope this helps.


Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
  • Create New...