An algorithmic order is an order executed by an automated strategy according to specific parameters or conditions. Algorithmic orders are intended to minimize the market impact created from placing larger orders or achieving a recognized benchmark such as VWAP (Volume Weighted Average Price).
How to place an algorithmic order
To place an algorithmic order, you need to open a trade ticket > select order type or click on the "Limit" label > choose algo order type > then pick the strategy type or click on "Dark" to invoke the available strategies dropdown > adjust the relevant parameters and place the order.