How To Place A Trade With TradeStation Trading Software: Chart Trading
  1. How To Place A Trade With TradeStation Trading Software: Introduction
  2. How To Place A Trade With TradeStation Trading Software: Order Bar
  3. How To Place A Trade With TradeStation Trading Software: Chart Trading
  4. How To Place A Trade With TradeStation Trading Software: Quick Trade Bar
  5. How To Place A Trade With TradeStation Trading Software: Matrix
  6. How To Place A Trade With TradeStation Trading Software: Conclusion

How To Place A Trade With TradeStation Trading Software: Chart Trading

TradeStation's Chart Trading order-entry interface is used in conjunction with a Chart Analysis window (a price chart). The interface supports click-and-drag order-entry functionality, allowing traders to place and manage trades directly from the price chart. To open Chart Trading, click to activate the desired chart and then click the Chart Trading icon on the Chart Analysis Toolbar. Figure 2 shows an order to buy 500 shares of MHP (McGraw-Hill Companies) with an accompanying OSO order ("Exit - Brk - 1L/1S") to automatically place profit target and stop loss orders.

Figure 2: TradeStation\'s Chart Trader order-entry interface. Note how the profit target and stop loss orders appear on the chart (shown in the yellow ellipses).


Orders to buy and sell can be placed, edited or canceled by clicking directly on the chart or by clicking on the appropriate order-entry buttons in the Chart Trading Bar. An open position can be moved to a new price level by clicking and dragging the order lines on the price chart, or by right-clicking the Order Line and updating the Quantity and Price by using the drop-down menus, as shown in Figure 3.

Figure 3: Right-click the order line on the price chart to open the Edit Order window.


Use the order-entry buttons to place trades, or use any of the following order-entry actions by clicking directly on the price chart:

  • Ctrl + Left Click (above the ask) = Buy Stop Market at selected price

  • Ctrl + Left Click (below the ask) = Buy Limit at selected price

  • Alt + Left Click (above the bid) = Sell Limit at select price

  • Alt + Left Click (below the bid) = Sell Stop Market at selected price

  • Drag and Drop Open Order Line = Cancel/Replace Price

  • Right-click on Open Order Line to edit the quantity and price

  • Delete key on Open Order Line to cancel the order
How To Place A Trade With TradeStation Trading Software: Quick Trade Bar

  1. How To Place A Trade With TradeStation Trading Software: Introduction
  2. How To Place A Trade With TradeStation Trading Software: Order Bar
  3. How To Place A Trade With TradeStation Trading Software: Chart Trading
  4. How To Place A Trade With TradeStation Trading Software: Quick Trade Bar
  5. How To Place A Trade With TradeStation Trading Software: Matrix
  6. How To Place A Trade With TradeStation Trading Software: Conclusion
RELATED TERMS
  1. Bracketed Buy Order

    A buy order that is accompanied by a sell limit order above the ...
  2. Above The Market

    An order to buy or sell at a price set higher than the current ...
  3. Limit Order

    An order placed with a brokerage to buy or sell a set number ...
  4. Bracketed Sell Order

    A sell order on a short sale that is accompanied (or "bracketed") ...
  5. Day Order

    An order to buy or sell a security that automatically expires ...
  6. Market-With-Protection Order

    A type of market order that is canceled and re-submitted as a ...
RELATED FAQS
  1. What is the difference between a buy limit and a stop order?

    Learn the difference between buy limit orders and stop orders, including stop loss orders, and understand the risks of the ... Read Answer >>
  2. What is the difference between a stop and a market order?

    Learn about market orders and stop orders, how they are used and executed, and the main difference between stop orders and ... Read Answer >>
  3. What is the difference between a stop order and a stop limit order?

    Learn the differences between a stop order and a stop limit order. Traders use these as stop losses and regular investors ... Read Answer >>
  4. How do I place a limit order online?

    Learn how a limit order is placed, the types of stocks it is most useful for and the specifications placed with it to suit ... Read Answer >>
  5. What's the difference between a stop and a limit order?

    Different types of orders allow you to be more specific about how you'd like your broker to fulfill your trades. When you ... Read Answer >>
  6. What's the difference between a market order and a limit order?

    Buy and sell trades with market orders at the present stock price and execute limit orders if the stock price falls within ... Read Answer >>

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