Order Entry (Manual)

The type of manual order entry panel you have access to depends on your software version:

>>> Beta Version: Manual Order Entry Panel

>>> Production Version: Manual Order Entry Panel

To determine which version, you are running, go to the Toolbar, open the Help Tab and select About:

>>> Beta Version: Manual Order Entry Panel

>>> Production Version: Manual Order Entry Panel

New Manual Order Entry - Beta Version

To submit orders manually, open the New Tab and select Order Entry from the dropdown. This will open an Order Entry Panel in a new window.

Alternatively, you can use the manual Order Entry Panel in the Positions Tab of the Brokerage Plus Window. To do so, click on the Gear Icon in the bottom right-hand corner and check the option Show Order Entry. This will open the Order Entry Panel right inside the Positions Tab.

Symbol Field

The Order Entry Panel is symbol-linked, so it will automatically load any ticker into the Symbol Field that you select in any of the Trade Ideas Window.

Alternatively, you can enter the symbol by typing.

Position Size

You can define your Position Size in either Shares or Dollars. The default is set to shares. Change the selection by clicking the small downward pointing arrow on the right-hand side of the Position Size field.

To select the number of shares or the dollar amount, either type it directly into the Quantity field, or click into the Quantity field and make a selection from the presets. You can increase and decrease the entered amount by clicking the small up and downward pointing arrows to the right-hand side of the Quantity field.

Bid/Ask/Last

The center field will display Bid, Ask and Last Price for the entered ticker symbol.

Account Field

In order for any order to be submitted, you need to connect your brokerage account. All accounts that have been connected via the Brokerage Plus Connect Tab, will be listed for selection in the Accounts field. To see the available accounts, click into the Accounts field, then make a selection.

Buy & Sell Buttons

Press Buy to prepare a Buy Order and Sell to prepare a Short Order. Making a selection here only defines the direction of the order, it won't send the order.

To send the order, press the Send button.

For easy visual differentiation, the Order Entry Panel will turn green, when Buy is selected and red when Sell is selected.

Entry Order

You can choose between Market, Limit, Stop and Stop Limit as types for your Entry Order.

When selecting Limit as your Entry Order Type, enter a Price in the Price Field.

When selecting Stop as your Entry Order Type, enter a Price in the Price Field.

(Please use the dedicated Bracket Order Button, on the left-hand side of the Send Button to add a Stop Loss to your Entry Order)

For more details on how to use Stop Orders as Entry Orders, head to this section.

When selecting Stp Lmt as your Entry Order Type, enter your Stop Price in the Stop Field and a Limit Price in the Limit Field.

For more details on how to use Stop Limit Orders as Entry Orders, head to this section.

TIF Field

The Time in Force Field enables you to define when your submitted order will expire if not filled.

DAY: Order will remain open until today’s market close.

GTC (Good Till Cancelled): Order will remain open until you manually cancel it.

Custom: Select a custom time period in Minutes, Hours or Days.

Exit Orders

Time Stop

To submit a Time Stop, together with your Entry Order. Click on the Time Stop Icon on the left-hand side of the Send Button.

Select a Date and Time for your Time Stop, then press Add Time Stop.

Stop Loss

To submit a Stop Loss, as a bracket order together with your Entry Order. Click on the Bracket Order Button on the left-hand side of the Send Button.

Place a checkmark and enter your Stop Price.

Target

To submit a Target Order, as a bracket order together with your Entry Order. Click on the Bracket Order Icon on the left-hand side of the Send Button.

Place a checkmark and enter your Limit Price.

Submit Order

The Summary Field at the bottom will provide a summary of your order in plain English.

Submit Order

Once you hit the Send Button, your order will be sent to the chosen Brokerage/Simulator for execution.

Reset Fields

To reset all Order fields at once, right-click into the Manual Order Entry Window and select Reset Fields.

Reset Fields

To access additional settings located in the Options Menu of the Tools Tab, right-click into the Manual Order Entry Window and select Options.

Manual Order Entry - Production Version

To submit orders manually, open the New Tab and select Order Entry from the dropdown. This will open an Order Entry Panel in a new window.

Alternatively, you can use the manual Order Entry Panel in the Positions Tab of the Brokerage Plus Window. To do so, click on the Gear Icon in the bottom right-hand corner and check the option Show Order Entry. This will open the Order Entry Panel right inside the Positions Tab.

Symbol Field

The Order Entry Panel is symbol-linked, so it will automatically load any ticker into the Symbol Field that you select in any of the Trade Ideas Window.

Position Size

You can define your Position Size in either Shares or Dollars, to toggle between these click the small downward pointing arrow at the top right-hand side of the Position Field.

Price Field

Enter a Price into the Price Field to submit a Limit Order or select MKT to submit a Market Order.

Stop Field

To submit a Stop Limit Order or a Stop Market Order, enter a Price in the Stop Field. This way, the Price entered in the Stop Field has to be reached by the stock first, in order for the defined Limit Order or Market Order to become active. Please note, this is NOT a Stop Loss.

Any Stop Loss will have to be placed separately AFTER the Entry Order has been submitted via the Manual Order Entry Panel. The Stop Field does not define the Stop Loss but turns a Limit Order into Stop Limit Order and a Market Order into a Stop Market Order. Entry Order, Stop Loss Order, and Target Order have to be placed separately in a second and third step via the Entry Order Panel AFTER the Entry Order has been submitted.

TIF Field

The Time in Force Field enables you to define when your submitted order will expire if not filled. You can choose 1 minute, 5 minutes, 15 minutes as well as DAY, which means until today’s market close, or GTC, which means Good Till Cancelled, which means that your order will remain open until you manually cancel it.

Exit Time Field

The Exit Time Field enables you to place a Time Stop.

Account Field

In order for any order to be submitted, you need to select an Account in the Account Field.

Buy & Sell Buttons

Once you have entered all the parameters of your Order, press Sell to Short a stock or Buy to Buy a stock.

Summary Field

Once you hit the SELL or BUY Button, the Summary Field below will provide a summary of your order. Use the small upward pointing arrow on the right-hand side below the BUY Button, to open or close the Summary Field.

Manual Stop Loss/Profit Target

Once you have successfully submitted your Entry Order, you can use the manual Order Entry Panel to submit a Stop Loss and a Profit Target.

To submit a typical Stop Loss Market Order, enter the same Share Size as your Entry Order in the Position Field, then select MKT in the Price Field and enter the Price that will activate your Stop Loss in the Stop Field.

To submit a typical Profit Target Limit Order, enter the same Share Size as your Entry Order in the Position Field, then select a Target Price in the Price Field.

Please note, if your Stop Loss or Target has been hit, you need to manually cancel the other order, e.g. either the Stop Loss or the Target Order. The manual Order Entry Panel does not submit bracket orders for Stop Losses or Targets.