Risk management with entry and exit strategies at no extra cost.
Linked orders allow you to use stop loss and take profit orders to help improve your risk management by applying entry and exit strategies. With it also comes an improved order ticket and simplified conditional orders.
Four reasons to consider trading with linked orders
1. Risk management at the click of a button
With linked orders there are 2 order types you can apply to help manage your risk: stop loss orders and take profit orders.
These 2 order types can be attached to a buy order at the click of a button, so that when you buy shares you also set the conditions under which you want to sell the shares; a stop loss in case if the market moves against you, or a take profit to lock in your profits if the market moves in your favour.
2. Automatic triggers to save you time
With linked orders you can set up your entry and exit strategy and leave it to manage itself. When you choose to add a stop loss order and a take profit order to a buy order, they will act in parallel. In the event that one of these conditions triggers, then the other will be cancelled automatically.
3. Intelligent processing sequences
A linked order is intelligent. Where you set up a linked order to follows a sequence, each leg will only become active once the preceding leg has been completely filled. If the preceding leg is cancelled or purged (by you, by the ASX or because the expiry date has been reached) before being completely filled, then any subsequent legs will not activate. Now that’s smart.
4. All this at no extra cost
We believe that you shouldn’t have to pay extra to be able to manage your risk. That’s why we don’t charge any additional fees for processing linked orders or conditional orders.