If-Done Orders

An 'if-done' order is a combination of two orders and can be used if you are unable to continually monitor the market but want to participate in market movements in your favour and/or exit a move against you.

Risk management tools for contracts for difference

• ABC is trading 1200.00 and you wish to buy if the price falls to 1190.00 but exit if the price continues to fall to 1180.00.
• You would place a limit order to buy ABC at 1190.00 and a stop loss order to sell at 1180.00.
• The stop loss order is only activated once the limit order is filled – hence ‘if-done’.