What are my options for trading on wikifolio.com?
Trading in the wikifolio will generally take place on wikifolio.com. Interfaces to automated trading systems do not currently exist.
In exceptional cases (e.g. technical failure), telephone trading of wikifolio.com is enabled for traders of investable wikifolios.
What order types are available on wikifolio.com?
wikifolio traders can currently avail themselves of three types of orders in order to implement their trading idea on wikifolio.com
The quote order can be used to perform a transaction at the current price. The current price of the underlying is requested at LuS and made available for 3 seconds. If the trader accepts the price, they must confirm this again in the form of “Execute trade”. In the course of the execution, you will receive instant confirmation of execution.
The limit order is an order that allows you to define a profit target (limit sell) or open/build up a position at a limited maximum price (limit buy):
- Limit order buy: Execution within a certain limit or below, but not above the limit.
- Limit order sell: Execution from a certain limit, but not above it.
Stop limit orders
The stop limit order is an order that can be used to hedge a position (stop limit sell) or to open/expand a position when reaching a specified price. In contrast to a classic stop order, a limit which restricts the range of the execution price must also be selected with the stop limit order. There are, however, no restrictions for the choice of the limit. An execution only takes place when there is a price position between stop limit and limit after the stop limit price is reached.
- Stop limit buy: The stop limit must be above the current price, and the limit above the current stop limit. The order is activated on reaching the stop limit, and thereafter with a limit buy order that is executed when the price continues to remain below the chosen limit.
- Stop limit sell: The stop limit must be below the current price, and the limit below the current stop limit. The order is activated on reaching the stop limit, and thereafter becomes a limit sell order that is executed when the price continues to remain above the chosen limit.