MetaTrader 4 Help
  • Quick Trading

Quick Trading from Depth of Market

Depth of Market allows users to quickly manage stop levels (Stop Loss and Take Profit) and pending orders of open positions. To do this, enable "One-click trading" in the client terminal's settings. Trade requests are sent from Depth of Market instantly without showing a trading dialog.

Moving Stop Levels

Stop levels of open positions are displayed in Trading column as TP (Take Profit) and SL (Stop Loss). These levels can be moved by mouse:

Moving stop levels

Move the level to the line with the necessary to change it instantly.

Deleting Stop Levels

Stop levels can be deleted from Depth of Market:

Deleting stop levels

Hover the mouse cursor over the button Set Sell Limit/Sell Stop (or Set Buy Limit/Buy Stop ) to the right or left from the level and click Shift. The button will change its view to Delete level. Click the button to delete the level.

Placing Orders

Pending orders are placed using the buttons Set Buy Limit/Buy Stop and Set Sell Limit/Sell Stop against a necessary price:

  • To place a Buy Limit order, click Set Buy Limit in the Bid price area.
  • To place a Buy Stop order, click Set Buy Stop in the Ask price area.
  • To place a Sell Limit order, click Set Sell Limit in the Ask price area.
  • To place a Sell Stop, click Set Sell Stop in the Bid price are.

Placing a limit order

After that, an order will be placed at the specified price. It will have the volume set in "vol" field, as well as Stop Loss and Take Profit levels specified in "sl" and "tp" fields, respectively.

Changing orders

Depth of Market allows users to easily change prices of previously set orders.

Moving a limit order

Move the pending order to the necessary price line. Order price will be changed instantly. If the Stop Loss and Take Profit levels are set for the order, they will be moved on the same distance as the price.

If we drag a limit order through ask/bid border, it will change to a stop order (Buy Limit will be replaced by Buy Stop, while Sell Limit - by Sell Stop).

Changing order type

If several same price orders are placed, they cannot be moved in Depth of Market.

Deleting Orders

To delete the order from the Depth of Market, hover the mouse cursor over Set Sell Limit (or Set Buy Limit ) button to the right and click Shift. The button will change its view to Delete level. Click the button to delete the order.

Delete a pending order

If several same price orders are placed, the oldest one is removed first.