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Advanced Order Types

RealizeAlpha v0.23.0 introduces advanced order types to give you more control over your trade execution and risk management.

Trailing Stop Orders

A Trailing Stop order allows you to set a stop price at a fixed amount or percentage below the market price with a “trailing” amount. As the market price rises, the stop price rises by the trail amount, but if the stock price falls, the stop price doesn’t change, and a market order is submitted when the stop price is hit.

Key Benefits

• Lock in Profits: Automatically adjusts your stop price upward as the asset price increases.
• Limit Losses: Provides downside protection without limiting upside potential.
• No Manual Adjustment: Removes the need to constantly monitor and manually adjust stop orders.

How to Use

1. In the Trade screen, select Sell.
2. Tap the Order Type dropdown and select Trailing Stop.
3. Choose Percentage or Amount for the trail type.
4. Enter the trail value (e.g., 5% or $2.00).
5. Review the estimated initial stop price.
6. Swipe to submit the order.

Stop-Limit Orders

A Stop-Limit order combines the features of a stop order and a limit order. Once the stop price is reached, a limit order is placed at the specified limit price.

Key Benefits

• Price Control: Ensures you don’t sell below a certain price (or buy above a certain price) once the stop is triggered.
• Precision: Useful in volatile markets where a standard stop order might execute at a significantly worse price than expected (slippage).

How to Use

1. In the Trade screen, select Buy or Sell.
2. Tap the Order Type dropdown and select Stop Limit.
3. Enter the Stop Price: The price that triggers the order.
4. Enter the Limit Price: The worst price you are willing to accept.
5. Enter Quantity and other details.
6. Swipe to submit the order.

Time in Force

You can now specify how long your order remains active before it is cancelled.

Supported Options

• GFD (Good For Day): The order remains active until the market closes on the current trading day. This is the default.
• GTC (Good Till Cancelled): The order remains active until you manually cancel it or it is filled (typically up to 90 days).
• IOC (Immediate Or Cancel): Any portion of the order that cannot be filled immediately is cancelled.
• OPG (At The Open): The order is executed at the opening of the market.

How to Use

1. In the Trade screen, tap More Options (or the settings icon).
2. Select your desired Time in Force option.
3. Proceed with placing your order.

Trading UI Refactor

The trading interface has been completely redesigned for clarity and ease of use.

• Order Preview: A clear summary of your order details, estimated cost/credit, and resulting position impact before you confirm.
• Slide to Confirm: A new slide-to-confirm mechanism prevents accidental order submissions.
• Real-time Estimates: Dynamic updates of estimated total and stop prices as you adjust order parameters.

Order Templates

New in v0.26.1

Order Templates allow you to save complex order configurations and reuse them later, saving time and reducing errors.

Key Benefits

• Speed: Quickly load frequently used order setups (e.g., “Buy 100 shares with 5% Trailing Stop”).
• Consistency: Ensure you always use the same parameters for your standard trades.
• Convenience: Great for complex multi-leg strategies or specific risk management setups.

How to Use

1. Configure an order with your desired parameters (Type, Quantity, Limit Price, Time in Force, etc.).
2. Tap the Save Template icon (floppy disk) in the top bar.
3. Give your template a name (e.g., “Standard Swing Entry”).
4. To load a template, tap the Load Template icon (folder) and select from your saved list.