The order ticket

Sizing an order from its stop, what the pre-trade check is telling you, and what every refusal means.

The ticket computes nothing itself. Every number on it - the money an order risks, the volume that risk sizes to, the Buffer it would eat, the pre-trade check - is priced by the same engine that will judge the order when it arrives. The final check uses the state at submission, so a changed price or account state can change the result.

The order ticket on the right of the terminal, showing a composed order with its risk and volume.
The ticket sits to the right of the chart. Everything on it is priced by the gate that will judge the order.

Composing an order

  1. Side, then Market, Limit or Stop. Switching side mirrors your stop and target rather than clearing them, so the distances you chose survive.
  2. Stop loss. Required on Starter, Pro and Premium and during a trial. It is what the order is sized from and what your open risk is measured to. On Free, which is also where a trial lands when it ends, an order may go without one, and the ticket opens on the smallest size in lots instead. For a market order the default stop must be below bid for a buy or above ask for a sell, including any minimum distance. A pending order is checked against its future entry. Risk sizing still includes the spread crossed on entry.
  3. How much to risk - the slider, which runs to your per-order cap; a chip for a quarter, a half and the whole of your per-order cap (on a 1% cap: 0.25%, 0.5% and 1%); or Max. The most you may risk right now: the tightest of your remaining daily Buffer and your drawdown headroom - both already less the Reserve held back for slippage and fees - and your per-order cap. Volume is solved from that, or you can type lots and read the risk back.

Missing confirmation

A request deadline or lost connection can leave an order unconfirmed. This does not mean the broker rejected it. Check the refreshed positions, pending orders and Journal before placing another order; Propcockpit does not automatically replay the action. A preview that times out becomes unavailable until a current preview succeeds.

Basic and Pro detail

A switch that shows more or less of the ticket. It is not the pricing tier of the same name: on Starter, Pro and Premium and during a trial, every account gets the same switch and the same thing from it, and the ticket remembers your choice on this device. On Free the ticket opens on Basic, and Pro detail can be looked at but is read-only. The naming collision with the pricing tiers is the design's and it is worth being loud about.

What the trigger control does

Touch means your stop fires the moment price reaches it - the ordinary stop, resting at your broker. Bar close adds a second level inside it that Propcockpit watches: if a candle closes through that level, the position is closed early, and if it does not, your broker-side stop is still there. It is a Pro capability.

The disclosure beside it is owed rather than decorative: your risk is still measured to the broker-side stop, and the account is exposed to that wider level for the length of a candle.

Reading a refusal

Every refusal names what was in the way, in money. “This order risks 1,297.00 USD, over your 1,000.00 USD cap for a single order” is a sentence you can act on; “risk check failed” is not, so the ticket does not say it. A refusal from your broker rather than from your rules says so too, with the venue's own code beside the Support reference for the conversation that follows.

Confirmations

Confirm large orders is your own preference, in Settings > Trading. Off by default, so every order goes on the first press. Turned on, an order that would risk more than 1.5% of the account is restated in words and goes only on a second press. It is a habit you choose, not a rule: the risk gate judges every order the same way either way.

Keyboard

?
Open and close this sheet.
Escape
Stand down anything that is armed - the kill switch, an open notification panel, this sheet. It never commits anything.
Tab / Shift + Tab
Move between controls. Every one of them shows a focus ring.
Arrow keys
Nudge a focused panel around the canvas. Hold Shift to move it further per press.
Enter or Space
Activate the control that is focused, and only that one. There is deliberately no key anywhere that sends an order on its own.