LearnToTickEarn Your Seat.
Order Filler (level 3) · Lesson 12 of 13

Order demo on sim

VerifiedSources checked. Final review before publishing.

Facts checked:

Key questions

What is this demo for?
Practicing the clicks: placing, watching, changing, and canceling orders on a simulator. It is not a trade idea and it does not teach sizing.
Why always one MNQ contract?
One micro keeps every number small and the same each time, so you can focus on the buttons. Choosing how many contracts to trade is taught in the Local level.
What should you see at the end?
No open position and no working orders: you are flat.

The full lesson follows below.

Order demo on sim

This lesson is a demo, not a trade. You will practice each order type from this level on a simulator, a practice account with no real money. The rule for the whole demo: always exactly 1 MNQ contract. How many contracts to trade for real is a risk question, and it is taught in the Local level. Here you are only learning where the buttons are.

CME describes its own Trading Simulator as a risk-free environment for practicing futures trading, with a price ladder, charts, and order tickets for market, limit, stop, and stop limit orders. A simulated fill is not a real fill in a real market, so use the simulator to learn mechanics, not to judge an idea.

Why one MNQ

CME’s contract specs list the Micro E-mini Nasdaq-100 (MNQ) minimum tick as 0.25 index points, worth $0.50. With one contract, a 4-tick move is $2.00. Small, fixed numbers keep your attention on the clicks.

The drill

Do these in order. After each step, look at two lists on your platform: position and working orders.

  1. Check the account. Make sure the simulated account is selected.
  2. Rest a limit order. Place a buy limit below the current price (Lesson 3). It should show as working, not filled.
  3. Move it. Drag it to a new price on the price ladder, or amend it in the orders list (Lesson 8).
  4. Cancel it. The working orders list should now be empty.
  5. Enter at market. Buy 1 MNQ with a market order (Lesson 2). The position should show 1 long with an average price.
  6. Attach a bracket. Add a stop below and a target above (Lessons 4 and 7). Both should show as working.
  7. Close. CME explains that you close by taking the opposite position in the same contract for the same number of contracts: sell 1 MNQ. Check the position is 0 and no working orders are left (Lesson 13).

Repeat the drill until every step feels boring. Boring is the goal.

Key ideas

  • This is a mechanics drill on a simulator with no real money, always 1 MNQ.
  • After every click, check position and working orders.
  • Close with the opposite order, same contract, same size, then confirm you are flat.
  • Your first full sim trade, with real sizing and your own risk plan, comes in Local Lesson 15.

Sources

Questions? Ask the community

Ask questions in the help channels, and your rank shows as a role.

Join the LearnToTick Discord