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Order default settings for the trade ticket can be set on SaxoTrader and SaxoTrader desktop. |
If you want to trade faster and smarter with fewer clicks and customize your order settings according to your trading preferences and strategies, our platforms allow you to preset some key attributes:
- Account: presets the account for the specific product type in the Trade ticket. The dropdown is available when there is more than 1 account that can trade the product type. In cases, where the preset account cannot be used for a specific instrument, default account picking logic will apply.
- Entry distance: presets the entry price with a distance from the current market price.
- Take profit: presets take profit level with the specified distance when take profit is added to the ticket.
- Stop loss: preset stop loss type and level with the specified distance.
- Add Take profit/Stop loss to ticket: this allows you to specify if you want to have TP and/or SL pre-enabled for order types and instruments that support the Add Take profit/Stop loss functionality. If checkboxes are not enabled, no TP/SL will be preset, but if you want to add them afterwards, you can choose to do so and we will apply the TP/SL distance if configured.
You can use order presets to:
- Preset the default account when you are placing an order in the trade ticket for a given product. For example you can specify that all orders for ETFs to be placed on a specific account of your preference and the ticket will not follow the default account picking logic.
- Customize the default price distance when you are placing an entry order in the trade ticket for a given product. For example, you can set a buy limit order to be 5 ticks away from the current market price.
- Specify if Take Profit and/or Stop Loss orders are always attached to your entry order, and what their default distances are. For example, you can set a Take Profit order to be 10 ticks above your entry price, and a Stop Loss order to be 5 ticks below your entry price.
- Configure your Take Profit and Stop Loss orders to be a percentage of your entry order price. For example, you can set your Take Profit order to be 7% higher than your entry price, and your Stop Loss order to be 4% lower than your entry price.
To set personal order defaults:
- Go to the main menu > Platform settings > Platform & trading
- Scroll down to Default order settings
- Order settings can be configured by asset class (Stocks, ETFs, Futures,...), so select the relevant one for you.
- When you are done with the configuration, remember to click Save.