TYPES OF ORDER


Jalatama provides various types of orders for our clients. These orders enable our clients to manage the risk in financial instruments trading or enable our clients to open new positions when the trading market reaches a certain level.

Limit Order

Limit Order enables our clients to conduct orders when the market reaches a predetermined level. Limit Order allows you to buy below the current market price and sell above them. Through Limit Order, client can execute order according to the limit order price. The Buy Limit is executed when the market falls and the Sell Limit is executed when the market rises.

Stop Order

The Stop Order features enable client toto buy below the current market price or sell above them. The Stop-Loss Order is popularly used to limit the losses when the market contrary moves away from the customer’s expectation.

Note: Stop-orders are not allowed to be executed when there is no open position that exists.

Trailing Stop

The Trailing Stop is designed to maintain potential loss on a certain set of levels at any point. The stop order is set on a distance either above or below the market price and adjusts as the prices of the symbol moves.

Take Profit

This order is used to lock in a profit by buying or selling when the market price reaches a certain level.

Stop Loss

Stop Loss is intended to limit any further potential losses. It is used to lock in a position by by buying or selling when the market price reaches a certain level.

Order Duration

Enables client to choose different duration of time for the order to remain active in the market.

Order Duration


Enables client to choose different duration of time for the order to remain active in the market.

  1. Daily - enables the order to be only active until the end of trading day.
  2. GTF (Good Till Friday) – enables order to be active until the end of trading each week.
  3. GTC (Good Till Cancelled) – enables order to be active indefinitely until a certain price is reached in the market and the trade is executed, or until the client decides to manually cancels it.

Pending Order Rules


DAILY CLOSING

For daily closing, every pending orders for products that have daily market closing hours will be automatically deleted by the end of trading session. However, both the Stop Loss and Take Profit orders will still be active and remain in the market. It is not applicable for products with short trading break such as Spot Gold, Spot Silver, and WTI Oil.

WEEKEND CLOSING

Every pending orders will be automatically deleted by the weekend as the market is closed for trading. However, both the Stop Loss and Take Profit orders will still be active and remain in the market.