Automate your trading
A conditional order is an order that is submitted once it meets its given conditions.
Place orders at your convenience
Place conditional orders through the new nabtrade platform, the nabtrade mobile app or through IRESS ViewPoint.
Access 5 types of conditional orders
Choose from five different conditional order types to help you on your investment or trading journey.
How to place a conditional order
- Find the security you want to trade.
- Click buy or sell.
- Toggle 'Conditional order' to Yes.
- Select the conditions of the order.
- Check, change or cancel the conditional order by navigating to Orders in the main navigation. Here you can view, amend or cancel the order.
Types of conditional orders
A Take Profit Order is an order to sell a security when its price increases to or above a specified price. Take Profit Orders are designed to benefit the investor by allowing them to realise gains on a security position.
A Stop Loss Order is an order to sell a security when it reaches a certain price below its current trading price. Stop Loss Orders are designed to limit an investor’s loss on a position in a security.
A Stop Entry Order is an order to buy a security when its price increases to or above a specific price. Stop Entry Orders enable investors to benefit when they believe there are gains to be made in a security once the price reaches a higher level.
A Trailing Trigger sets the trigger price at a fixed amount above or below the current market price with an attached “trailing” amount. For a Trailing Trigger set below the current price, as the market price rises, the trailing price rises by the trail amount. But if the stock price falls, the trailing price doesn’t change, and your order is submitted when the trigger price is hit.
A Fixed Trigger sets a target price to trigger your order being placed into market. For a Fixed Trigger set above the current price, if the market rises to that price, your order will be placed into the market, as per your instructions.