Q
QuantLearn
Trading Strategies
IntermediateMedium RiskConditional
If Touched Order
Become market order when price touches trigger level
Order TypesForex, Commodities
Key Points
Order Types classification
Intermediate complexity level
Applicable markets: Forex, Commodities
Execution type: Conditional
Risk management considerations
Overview
Become market order when price touches trigger level
This intermediate level order type is applicable for Forex, Commodities markets.
Execution timing: Conditional.
Risk level: Medium.