Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account
Register


Results 1 to 4 of 4

Thread: confusing terms of O2GRequestParamsEnum.ORDER_TYPE

  1. #1
    foongshen is offline Member
    Join Date
    Apr 2012
    Posts
    29

    Question confusing terms of O2GRequestParamsEnum.ORDER_TYPE

    hi, from the refrence of ForexConnectAPIJava.chm under O2GRequestParamsEnum.ORDER_TYPE, i were very confuse about those function and festures. do some once can help me explain more detail about below ?

    1 ) Market Close Range order
    2 ) Close Limit order
    3 ) Entry order
    4 ) Limit order
    5 ) Limit Entry order
    6 ) Market Close order
    7 ) Market Open order
    8 ) Market Open Range order
    9 ) Open Limit order
    10 ) Stop order
    11 ) Stop Entry order
    12 ) True Market Close order
    13 ) True Market Open order

    NOTE : API Version : FX Connect 1.1.3 (Beta)

    Thanks.

  2. #2
    Natalya is offline Member
    Join Date
    Apr 2009
    Posts
    753
    You can find the information about order types in the sections Order Types and Order State Machines.

  3. #3
    foongshen is offline Member
    Join Date
    Apr 2012
    Posts
    29
    thanks for ur reply. but from the link that did mention "True Market Open order". Ok, assume "Market Open order" = "Open Market". So what is the diffrent of "True Market Open order" and "Market Open order" ?

  4. #4
    Natalya is offline Member
    Join Date
    Apr 2009
    Posts
    753
    The "True Market Open" order is described in the Open/Close Market Order artcile. The "Market Open" order is described in the Open/Close Orders article.

    The main difference is that with the Open/Close Market Order (or "True Market Open") you are guaranteed execution but have no certainty of the actual price the order will be dealt at. With Open/Close Order (or "Market Open") you are guaranteed the order price you want the order will be dealt at but have no certainty of execution.

    Sorry for confusing terms. I will pass the issue to the API team.
    Last edited by Natalya; 05-23-2012 at 09:26 AM.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Disclaimer: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Any opinions, news, research, analyses, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. Forex Capital Markets LLC. will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.