Stop Loss Order (Position Close)

Stop Loss Orders are automatic trade orders given by the trader to trigger a close when a certain price(loss) level is reached to minimize losses. MCS provides a simple close position strategy at the point of position entry to close all open positions with a market order. If the trader desires to close the position partially or with a limit order, the conditional order can be used to place a Stop Loss Limit Order. The Stop Loss Order price is set against the last traded price.

There are 3 ways you can set Stop Loss Orders on MCS.

1. When submitting a market or limit order (Only applies to traders without a position)

• One-click setup on the order confirmation window
• Partial closure of position is not allowed
• Will be executed as a market order once the market price on MCS touches the trigger price

2. On the Position List

• One-click setup on the position list
• Partial closure of position is not allowed
• Will be executed as a market order once the market price on MCS touches the trigger price

As Conditional Market and Limit Order

• Place an opposite order and set a Stop Loss price
• Partial closure of position is allowed
• Will be executed as a market order once the market price on MCS touches the trigger price
• Check the Close on Trigger option to ensure the Stop Loss can still be executed when there is an insufficient margin