dbFX Orders User Guide You may link orders when you are entering a position

in the market order window or link existing orders

Table of Contents using the One Cancels the Other (OCO) order
1. Summary of Order Types feature. The OCO feature will also allow you to
2. Order Execution Logic create an OCO breakout/pullback order. All of these
3. Placing Orders order types are explained below.
Entry Orders
Orders Linked to New Positions or Entry Order Type Execution Logic
Orders
Linking Existing Orders Together Market Orders
When placing a market order, you can choose from 3
different order types from the down menu.
Summary of Order Types 1. No order type specified (Market Range = 0)
2. Market Range
Market Orders 3. At Best
Market orders are intended to be executed
immediately at the market rate specified in the order.
Users can set market orders to be executed at an
exact price, a range of prices or at the best price
available.

Entry Orders
Entry orders are orders that are intended to be
executed when the market reaches the specified rate
in the order. Entry orders are executed immediately
as per the order rules (see section on Order Type
Execution Logic for specific order rules).
1. Limit Entry – orders to buy below the market or
to sell above the current market at the time the
order is entered.
2. Stop Entry – orders to sell below the market or to No Order Type Specified (Default Setting)
buy above the current market at the time the Complete the standard information for the order and
order is entered. make no choices under the Order Type drop down
of the Create a Market Order box. If you do not
Orders Linked to Existing Positions specify an order type, the default will be Market
Orders linked to existing positions can be used to Range with a range of 0 (zero). This means that the
take a profit (limit orders) or to stop a loss (stop order will only be executed at the exact rate
orders). specified.
1. Limit Orders – orders to buy below the market or Example: An order with NO set parameter in
to sell above the current market at the time the the “Market Range” window to buy 200 lots
order is entered. or 20M EURUSD at a rate of 1.3450 may be
2. Stop Orders – orders to sell below the market or filled as two pieces of 100 lots at the
to buy above the current market at the time the specified price of 1.3450.
order is entered.

dbFX Orders User Guide

Page 1 of 4
Market Range Order Type
Complete the standard information for the order in
the Create a Market Order box and in the Order
Type drop down choose Market Range. You will
need to specify an amount of allowable slippage as
defined in pips. The order will be filled within the
allowable range.
Example: An order with 10 pips in the “Market
Range” to buy 200 lots or 20M EURUSD at a
rate of 1.3450 may be filled with 100 lots at
1.3450 and 100 lots at 1.3452. The “range” can
be above or below your rate.
At Best Order Type
Complete the standard information for the order in
the Create a Market Order box and choose At
Best in the Order Type drop down. The order will
be filled with at the best market rate available, based
on current market liquidity at the time the order is
received by dbFX. The “At Best” order type does
NOT permit the user to specify a rate or an allowable
slippage.
Example: An order with “At Best” in the Order
Type drop down to buy 200 lots or 20M EURUSD
when the market is trading at 1.3450 may be
filled with 200 lots at 1.3448, or the best market
price at that time for that amount.
Margin Close Out
When your account has zero usable margin, the
system will generate Margin Close Out orders. Margin
Close out orders are executed at the best available
price in the market at the time of execution and they
will be continually incrementally executed until the
entire amount is executed. You may see different
prices for different portions of the total amount.
Limit Orders
Limit Orders and Limit Entry Orders will attempt to
execute when the market reaches the rate specified
in the order. It will attempt to fill your order at the
rate specified or better, based on the current market
liquidity.
dbFX Orders User Guide
Page 2 of 4
Stop Orders
Stop Orders and Stop Entry Orders will be triggered
when the market reaches the rate specified in the
order. These orders will be executed at the rate
specified or the next best available price, based on
the current market liquidity.
Execution logic for Orders:
dbFX may fill orders in incremental pieces
reflecting the size, type of order and specific
directions within the order
Placing Orders
Entry Orders
An Entry Order is used to open a new position that is
intended to be executed when the market reaches
the specified rate. There are limit entry or stop entry
orders.
Limit Entry
Limit entry – orders to buy below the market or to
sell above the current market at the time of order
entry.
Limit Entry orders will attempt to execute when the
market reaches the rate specified in order. The order
will be filled at that rate or better. While the order is
being filled, the status of the order in the orders
window will be “executing” and can not be modified
or cancelled. Any unfilled portions of the order will
remain in “waiting” status. At that point, you can
choose to cancel or modify the order. As the market
conditions allow, the remaining portions of the order
will be executed at the rate specified.
Stop Entry
Stop Entry – orders to sell below the market or to
buy above the current market at the time of order
entry.
Stop Entry orders will be triggered when the market
reaches the rate specified in the order, at the best
available price in the market at the time of execution.
Stop orders will continue to be incrementally
executed until the entire amount is filled. While the
order is being filled, the status of the order in the
orders window will be “executing” and can not be
modified or cancelled. You may see different prices
for different portions of the total amount.
Orders Linked to New Positions or
Entry Orders
Orders linked to an existing position can be to take a
profit (limit order) or to stop a loss (stop orders).
Limit Order
Limit order – orders to buy below the market or to
sell above the current market at the time of order
entry.
In the “Create Entry Order” window or “Create
Market Order” window, you may specify the rate of
the limit order in two ways:
1. Enter a specific rate in the box to the right of the
word “limit”. In this case, the amount of pips
that this rate is from the current rate will display
to the right of the rate field.
2. Click on the “in pips” box and you can now
enter an amount of pips from the current rate.
The order will be this amount of pips from the
current market and the specific rate will display
to the right of the pip field.
Whether you specify the rate of the limit order in a
rate or pips, check the levels carefully to ensure that
you are choosing the intended levels.
dbFX Orders User Guide
Page 3 of 4
When the market reaches the rate specified in order,
the order will be filled at that rate. While the order is
being filled the status of the order will be
“executing” and can not be modified or cancelled.
Any unfilled portions of the order will remain in
“waiting” status. At that point, you can choose to
cancel or modify the order. As the market conditions
allow, the remaining portions of the order will be
executed at the rate specified.
Stop Order
Stop order – orders to sell below the market or to
buy above the current market at the time of order
entry.
In the “Create Entry Order” window or “Create
Market Order” window, you may specify the rate of
the stop order in two ways:
1. Enter a specific rate in the box to the right of the
word “stop”. In this case the amount of pips
that this rate is from the current rate will display
to the right of the rate field.
2. Click on the “in pips” box and you can now
enter an amount of pips from the current rate.
The order will be this amount of pips from the
current market and the specific rate will display
to the right of the pip field.
Whether you specify the rate of the stop order in a
rate or pips, check the levels carefully to ensure that
you are choosing the intended levels.
Stop Orders will be triggered when the market
reaches the rate specified in the order at the best
available price in the market at the time of execution.
Stop orders will continue to be incrementally
executed until the entire amount is filled. While the
order is being filled the status of the order will be
“executing” and can not be modified or cancelled.
You may see different prices for different portions of
the total amount.
Linking Existing Orders Together
OCO Orders
Using the One Cancels the Other (OCO) feature
you can link two existing orders together. With an
OCO, when one order of the pair is executed the
other order will be cancelled. Groups of orders (two
or more) can be linked regardless of the currency
pair, amount or direction.
You can link the groups of order to create an OCO in
two methods:
OCO Breakout / Pullback Orders
You can create a breakout or pullback order in
dbFX. A breakout order is a set of orders: one to
buy and one to sell. You may use a breakout order
when you believe that the market will break out
from its current rates in either direction.
From the top navigation bar choice Trading, OCO
Orders, Create Breakout/Pullback order. The
Create a Breakout/Pullback Order window will
open.

1. Enter the two orders as stand alone market entry

orders.
You can link the order from the order
window. right click on one of the Order ID
numbers under the Order ID Column and
select "Create an OCO Order" and the two
orders will be linked
Or you can link the orders by Trading in the
Enter the information for the order in the fields
top navigation and select Trading and then
specified. You can specific rates for both orders or
"OCO Orders > Create an OCO Order"
the platform can generate one order in relation to
2. In both cases the “create an OCO order” box
the order entered.
will appear with the orders eligible to be linked.
Choose the orders to be linked from the
To have the platform generate the second order
“available orders” section. The selected
you will use the “sync rates” button. Enter one of
orders will now appear in the lower section of
the orders and click sync rates. dbFX will generate
the window, entitled OCO Order. Click OK and
an order in the opposition direction proportionality
the selected orders will be linked as an OCO.
away from the market as the existing order. For
example, if the first order is 50 points above the
market, the platform will generate an order 50
points below the market.

When using the sync rates feature, be sure to

look at the specific rates of both orders to
confirm that they comply with the objectives
or your trade before accepting clicking OK to
enter the orders.

dbFX Orders User Guide

Page 4 of 4