Setting a market order before or just as market opens automatically

ChartersJ

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I am a new trader and currently after my second stock pick, Freelancer.com. I just recently missed out on the IPO as I was unable to get my application for stock paid in time as I had to send a cheque (was not able to use their BPAY system as a UK resident).

Anyway I am still interested in purchasing the stock the moment it hits the market (Australian Securities Exchange) on Thursday. Now I am using Barclays International Trader to trade, and would like to buy this stock as close to the IPO price as possible obviously, therefore is it possible to set a market order to buy at any price the moment the market opens, between the IPO price (0.50AUD) and a maximum of $1 (AUD) per share.

I say could I do this 'automatically' as with there being such a big time difference I might not even be awake when they open. If not then I'll just stay up and put in an order asap as it opens.
 
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therefore is it possible to set a market order to buy at any price the moment the market opens, between the IPO price (0.50AUD) and a maximum of $1 (AUD) per share.
typically you will only be able to set a buy stop order within a certain tolerance of its current price if the market opens above you should be filled. This I find depends on your broker and therefore what Barclays International trader will allow ( however this will likely be late and you will incur slippage and almost certainly detrimental to had you waited and and entered manually).
 
typically you will only be able to set a buy stop order within a certain tolerance of its current price if the market opens above you should be filled. This I find depends on your broker and therefore what Barclays International trader will allow ( however this will likely be late and you will incur slippage and almost certainly detrimental to had you waited and and entered manually).

I'll be honest, I am a little confused at your reply. I found that the market over there is open at 11pm here so that's fine with me, so if needed I can do a market order while up and ready. A 'buy stop limit' appears to be what I want after some research.
 
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