WHS ForexStation contains a great variety of automated ordertypes such as OCO orders, conditional orders and trailing stop orders. An OCO order, sometimes called a bracket order, consists of two orders for opening (closing) a position. When one of the two orders is executed, the remaining order will be canceled automatically. A conditional order is an order for opening and/or closing positions. Once one order is executed the platform will automatically launch one or more other orders selected by the trader. A trailing stop order is an order whereby the stop automatically follows the market. As such you can automate your risk management. All these automated orders are very practical trader tools.

Click here Example of an OCO order (aka a bracket order). This order can both be used to open a position and to close a position. It consists of a stop and a limit order. Once one is executed the other will be canceled.	Click here Example of a trailing stop order. The lower panel is for additional order parameters and settings.
Click here Example of a conditional order. A market order to open the position and once executed it will trigger a limit order (your target) and a stop order to close the position.	Click here Another example of a conditional order. The first buy stop order will, once executed, trigger a second buy stop order at a higher entry price. This allows traders to build up a position.