In this Traders’ Academy course you will learn about the most popular Order Types: “Market”, “Limit” and “Stop”.
Introduction to TWS Order Types Course
Market Order Type Using TWS Mosaic
Mosaic Limit Order Type
Mosaic Good-til-Cancelled (GTC) Order Type
The Good-Til-Cancelled order type enables users to create stop loss or profit-taking orders using the GTC time-in-force. That means users can place and monitor orders well away from the market infrequently rather than having to repeat the process. This lesson explains how to set up and monitor GTC orders using TWS Mosaic.
Bracket Orders for TWS Mosaic
Mosaic MidPrice Order Type
TWS Mosaic One-Cancels-All (OCA) Order Type
TWS users may create several orders simultaneously and group them together. The software can then be programmed to respond automatically with cancellation instructions when one piece of the order starts to fill. This lesson demonstrates the creation of the One-Cancels-All order type in Mosaic.
TWS Relative or Pegged-to-Primary Order Type
The Relative order type enables investors to use an offset amount to make their orders more aggressive than the prevailing NBBO in the market. This lesson explains how to set up such orders in TWS Mosaic and illustrates why such orders stand a greater chance of being filled.