I'm a new user of NT7, and just spent two days in finishing long pages User Guide, have to say, it's really a professional platform and a profession team!!!
But I encounter some problems during self-study, can anyone pls help out with following questions about order types? I'm really confused by so many different order types in NT7, in other software which I used before,the most frequently used types is: STOP, LIMIT, MARKET.
Q1: What is the difference between STOP order and STOP LIMIT order?
Q2: Is negative STOP LIMIT order only applicable for simulated orders? Besides, what's the purpose of it?
Q3:In section of "Submit order with quick buttons", it mentioned submitting Buy LIMIT Order at current Ask/Bid price. But in my opinion all buy limit order should be placed below current price, surely below current Ask/Bid price, then how can it be realized in NT7?
Q4: When submitting market order, it has probabilities to submit Buy Market Order at best Ask/Bid price, but, shouldn't Buy Market Order placed at current Ask price???
Thanks in advance!
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