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Robots Glossary

Market Order (ExecuteMarketOrder)

Market Order - A market order is an immediate buy/sell at the current price. In cBots, market orders are placed via ExecuteMarketOrder() (see above). The PlaceStopOrder and PlaceLimitOrder methods place pending orders, whereas a market order executes immediately. The trading operations guide explains that a market order is sent when you call ExecuteMarketOrder() (as opposed to pending orders).