The concept of an active order is used quite often in trading. So what is it? An active order is active during the trading day or the trading day and additional trading hours. In this case, any order is considered one-day unless otherwise specified.
Every trade you watch or take part in is made up of two separate active orders: one buy order and one sell order. The trade operation is completed only when the buy order data and the sell order data match. This means that the parameters of each order must be respected. Simply put, the selling price of one order must match the buy price of another.
Active orders are essential because they help to ensure that trades are completed efficiently and promptly.
An active order is an order generated by your strategy's criteria. The active order is logged to the Active Orders tab until it is filled or canceled. It will be filled if market conditions reach the fill price or other order criteria: it will be canceled if market conditions do not reach the fill price or other criteria in the specified time frame.
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