Common use of Average Price Clause in Contracts

Average Price. When Average Price is selected, the profit (reverse) orders will be placed by adding or subtracting the sell or buy step from the average price of all traded slices. Average price is applicable only if ‘Repeat Cycle’ is selected as ‘No’. For example, the Reference is 8500, Lower Range is 8480, Upper Range is 8520, Buy Step is -10 and Sell Step is 10. The buy order for 8490 is traded for 1 Lot, so the profit (sell) order will be placed at 8500 (8490 (Average Price for all traded slices) + 10 (Sell Step)) for 1 Lot. Now, when the buy order for 8480 is traded for 1 Lot, the initial profit (sell) order will be modified from 1 Lot to 2 Lots at 8495 (8485 (Average Price for all traded slices) + 10 (Sell Step)).