Conditional orders allow you to pre-set a trade based on triggers you decide without having to consistently monitor the market. You can plan for future market conditions, capitalise on potential trading opportunities and manage downside risk by taking action in real time to manage your portfolio.
All you have to do is set specific conditions on when to buy or sell a share, and when these conditions are met, your order is triggered and sent to market. You can set a condition based on:
- a price – your pre-determined action (buy or sell) will automatically trigger when the share reaches your price.
- a percentage increase or decrease – if the stock goes beyond your specified percentage limit (based on the previous day’s open/close/high/low price), action will be triggered.
You can set trigger conditions on equities, interest rate securities, warrants and on a different stock to the one you wish to trade.
You can set a maximum of three conditional orders per stock, up to a total of 50 active conditional orders per trading account and a total of 100 active conditional orders per username across all associated trading accounts.
Our conditional order service is free and you will only pay normal brokerage when your trades are triggered and executed.