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How to open forex positions |
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Opening triggers;
BTO is used to open long
STO is used to open short
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BTO <base & quote tickers> @ <price>
I.e.BTO USDCAD @ 1.395
To open a long forex position, use the trigger BTO followed by the base & quote tickers without separation, then the symbol @ before the price.
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Example of opening a long position for USD/CAD, at the current market price of $1.3950
STO <base & quote tickers> @ <price>
I.e.STO USDCAD @ 1.395
To open a short forex position, use the trigger STO followed by the base & quote tickers without separation, then the symbol @ before the price.
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Example of opening a short position for USD/CAD at the price of $1.395
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Final Notes:
- Do not use $ with tickers.
- Do not separate base & quote tickers with a / slash or any character.
- Submit using a specified price, or use CMP or M for submitting at the current market price.
- Multiple trades can be submitted in a single message by using 3 back ticks (```) before and after the whole message.
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Submitting trades through slash commands has a more user friendly aspect to it but can take some seconds longer than text messages.
Type in /open then select forex.
Type in or select the direction Long or Short.
Input the base and quote currency tickers, do not separate them with a / slash or any character.
Enter in the price or use 0 for the current market price.
Notes can be added and are optional. Trade Styles (swing, scalp, etc.), Risk Factor Flags, and a Take Profit and/or Stop Loss (#setting-tp-sl-with-trade-submission) can all be added by using the notes.
Example of opening a long position for USD/CAD at $1.3950, and setting both TP/SL.