TRADING PLATFORM INFORMATIONS
- Quick Start Guide
- Configuring your workspace
- FXVoyager
- Trading Guide
- Charts
- Windows & Commands
- MQL4->ActFX converter
- ActFX
Quick Start Guide
Log In
To log into ActTrader, select the Login tab on the application launcher, enter your username, password, account type, and language, and click Login.
Forgot Your Password – click this link to receive your password on your e-mail.
Read more about:
• Preview
• Register
• Loader Settings
Windows Vista Compatibility
ActTrader is completely compatible with Windows Vista. To avoid potential problems, however, make sure you run ActTrader as the administrator.
(Right-click on the program file, and then click “Run as administrator”.)
View Dealing Rates
You can view dealing rates in the Dealing Rates window. If you can’t see the Dealing Rates window, click the Windows tab on the FXVoyager toolbar and click the Dealing Rates button.
Make a Trade
The quickest way to make a trade is to click the Sell or Buy buttons under the Home tab of the FXVoyager toolbar. (You can also click on a rate in the Dealing Rates window.)
From the Home tab, you can also open a chart, subscribe to instruments, load a desktop profile, or launch an algorithmic trading strategy.
Choose the instrument and the order amount in the dialog box, and click OK to submit the market order.
Once the position is opened, it will appear in the Open Positions window.
Set a Stop or Limit order
To set a Stop or Limit order, open the Trade tab of the FXVoyager toolbar, and click the Stop or Limit button.
Choose your position from the dialog box and click OK to set the order.
Read more about Stops and Limits…
Close a Position
On the FXVoyager toolbar, click the Close Position button under the Trade tab. A dialog will appear containing a list of currently open positions. Select the position you wish to close, and click OK. The Close Position dialog will appear. (You can also right-click on the position line in the Open Positions window, and select Close Position from the menu. The Close Position dialog will appear.)
Click OK to close the position.
Please see the full Trading Guide section for information on:
• Subscribing to Trading Instruments
• Opening Positions
• Stop and Limit Orders
• Closing/Hedging Positions
• Entry Orders
• OCO Orders
• One-Click Trading
• Price Alerts
• Monitoring your Account(s)
Also, read about:
• Configuring your workspace
• Charts
• ActFX (Algorithmic Trading)
• Windows and Commands
• Settings
Preview Mode
After clicking the Login button, ActTrader will be loaded in the Preview Mode which will be indicated in the application header:
In the Preview Mode, you can perform all actions except for the following:
-Create, modify and remove any order
– Change Time Zone
– Save, modify and delete a profile
– Run a strategy
– Organize a managed account
– Deposit Funds
– Edit comment for position or order
– Subscribe to an instrument
– Rename and delete Chart Templates
You can open any dialogs and use any controls available for the real trading, but when trying to submit an order or make any other prohibited operation, you will receive the following message from the system:
Clicking on Login opens the standard Login dialog, where you can enter your credentials and login normally.
Clicking on Register opens a Registration dialog (or registration web-site) if the registration has been enabled on a system
Clicking on Continue Preview closes the dialog and the application remains in the Preview Mode.
In the Preview Mode you can see the Register button on all tabs of the FXVoayger, if the registration is enabled on a system.
Clicking on the Register button opens the built-in Registration dialog or a registration web-page, depending on your platforms configuration.
Register
Select the Account Type, fill in all required fields and click Submit.
In case of successful registration your login and password will be displayed in the dialog. Click the Start Trading button – you will be automatically logged in to application with the created credentials.
In addition, you will receive an email confirming the successful registration with the login information in it.
Loader Settings

Run the program in Off-line mode
If you logged in to ActTrader at least once, you can run ActTrader platform without internet connection by checking the checkbox “Run the program in Off-line mode”.
All the information used during the last online session will be available in the off-line mode. In this mode you can analyze charts using all graphical instruments, create ActFX strategies (including VAT strategies) and indicators, test strategies etc.
You cannot perform any trading operations and run ActFX strategies (including VAT strategies) in real mode.
In offline mode only the chart data loaded during the pervious online sessions will be available.
You can see transactions history as it appeared at the moment you logged off from online mode last time.
You can customize the ActTrader except for the settings requiring synchronization with the server: instrument subscription, saving desktop profile etc.
Skin Settings
You can run the application in different skins. When switching between the skins, the view of the launcher updates accordingly. On the next login, ActTrader will be launched in the previously selected skin.
Skin can also be selected in the Main Settings > Skins drop-down box and in the View tab of the FXVoyager toolbar
Configuring your workspace
Find out how to:
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- Load a preset Profile to get started quickly
- Open and arrange windows to set up your trading station
- Create multiple workspaces to organize your windows and maximize your space
- Use tabbed windows to group similar windows and save space
- Undock windows to take advantage of multiple monitors
- Quickly find open windows anywhere in the application
- Manage Profiles to save your configurations or load default desktops
- Minimize Windows within ActTrader
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Open and arrange windows
Open a window
To open a window, click the Windows tab in the FXVoyager.
Under the Windows tab, click the name of the window you want to open. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)
Arrange windows
Auto-Arrange
The quickest way to arrange all your currently open windows is with the Auto-Arrange tool. In the View tab of the FXVoyager, click the Auto-Arrange Windows button. This will arrange all windows that are open in the current workspace in order to fill the screen.
Arrange windows manually
While the auto-arrange tool will quickly arrange your windows, you may want to resize and arrange your windows manually (and then save your configuration as a profile).
For best results, press the Grid button on the View tab of the FXVoyager and select the grid size. Using the grid makes arranging windows very easy.
If you have many windows open, you should set up multiple workspaces.
Create multiple workspaces
Create workspaces
To create a workspace, go to the View tab in the FXVoyager and click the New Workspace button. You can also right-click on an existing workspace tab, and select New Workspace.
When prompted, give the workspace a name:
Click OK to create the workspace. The new (empty) workspace will appear as a tab underneath the toolbar:
You can now populate the workspace with windows.
Hint: Once you are done configuring your workspaces, you should save your layout as a profile.
Rename or Close a Workspace using the FXVoyager
1.To rename the active (selected) workspace, go to the View tab of the FXVoyager and click Rename Active Workspace.
2.To close the active (selected) workspace, go to the View tab of the FXVoyager and click Close Active Workspace
Rename or Remove a Workspace using the right-click menu
1.To rename the active (selected) workspace, right-click on the workspace tab, and click Rename Active Workspace.
2.To close the active (selected) workspace, right-click on the workspace tab, and click Close Active Workspace.
Move windows between workspaces
To move a window from one workspace to another, left-click on the icon in the upper left corner of the window, click Move To Workspace, and choose the workspace name.
Tabbed Windows
- Placing one window inside another
To place Window A inside Window B:
1) Move the cursor over the header of Window A. Right-click on the header, and hold down the right mouse button.
2) While holding down the right mouse button, drag Window A across the screen. The window itself will remain in place; you will be dragging a gray outline of the window.
3) While still holding the right mouse button, position the cursor in the center of Window B. The gray outline will become smaller and “snap” into the center of Window B. This indicates that Window A is ready to be dropped into Window B.
4) Release the mouse button. Windows A and B are now grouped into one window, with Window A on top. Use the tabs to toggle between the windows. The header of the tabbed window will display the word “Tabs”, followed by the name of the currently selected window.
You may combine an unlimited number of windows into one tabbed window. If the width of all the tabs exceeds the width of the window, two arrows will appear next to the tabs, allowing you to scroll them horizontally.
2. Removing an individual window from a tabbed window
There are two ways to remove a window from a tabbed group window:
1) Click on the red X button of the window’s tab. This will close the selected window.
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2) Right-click on the window’s tab, and drag it outside the window. A gray window outline will appear. Release the mouse button. The window will move out of the tabbed group and become a standalone window.
3. Changing tab location
The tabs can be configured to appear on either the top or the bottom of the tabbed window. Right-click on any tab, and then select Top or Bottom from the pop-up menu.
4. Window functionality
Windows’ functionality is not affected in any way as a result of their being grouped into a tabbed window.
Note1: If you close the main tabbed window, all the individual windows within it will also be closed.
Note2: The following windows cannot be tabbed windows (i.e. cannot be inserted into other windows nor have other windows inserted into them): Dealing Rates window, Individual Dealing Rates window, HTML content windows.
Undock Windows
To access a window’s docking mode, left-click on the system icon in the top left corner of a desired window.
The following menu will appear:
Docked: The window is anchored to the main application window.
Undocked: The window can be dragged and positioned outside of the main application window. When the main application window is minimized/maximized, the undocked window is also.
Detached: The window can be dragged and positioned outside of the main application window. The window will appear as a separate item on the Windows Taskbar. Minimizing/maximizing the main application window will not affect the detached window. If the main application window is closed, the detached window will also be closed.
Quickly find open windows
The application map is a list of all windows currently open in your application, organized by workspace. If you ever need to find an open window, just click the Application Map button and browse through all the windows in a single list. Click a window name to switch to that window.
Profiles
An application profile includes a list of workspaces, windows (their size, columns, and positioning on the screen) and application settings, including the “skin” settings.
Selecting a Profile
To select a profile go to the Home tab of the FXVoyager and click the Desktop Profile button.You will see a list of profiles. Default profiles are shown under the System heading. User-created profiles are shown under the Custom heading. Select the desired profile from the list to change to that profile. The currently active profile is checked.
Creating a New Profile
To create a new profile, first configure your windows/workspaces/settings to your liking. Then click the Desktop Profile button and select Save Current Profile As.
Name the new profile, and click OK. The new profile will appear in the list of Custom profiles.
Rename/Remove a Profile
To rename or remove a profile, click the Desktop Profile button and select Manage Existing Profiles.
The Manage Existing Profiles dialog allows you to rename or remove existing custom profiles by selecting a profile and clicking Rename or Delete. (you may not rename or remove System profiles)
Note: If changes are made to the profile and you attempt to switch to another profile, the following message will appear:
Minimize Windows
To minimize a window in ActTrader, left-click the Minimize button in the window caption bar:
The minimized window is represented as a small tab in the panel at the bottom of the application window. The panel appears only if you have at least one minimized window in the workspace.
Click the Restore button on the tab to restore the window to the previous size in the same workspace. You can also restore the window by double-click on the tab.
FXVoyager
The FXVOYAGER toolbar makes it easy to quickly locate the tools and options necessary for trading and for performing other common application tasks.
The FXVOYAGER is intuitively constructed to allow the trader to navigate the trading application with maximum efficiency. The commands in the FXVOYAGER are organized into logical groups, and each group is found under a tab. Each tab relates to a unique activity, such as Trading or working with Charts, or to a specific application module, such as Forwards or Options.
Minimizing the toolbar
- To save space on your screen, you can minimize the toolbar. To do this, double-click the name of a tab.
- You can keep using the toolbar even after it’s minimized. Click the name of the tab you want to use, and the FXVOYAGER will appear. Once you click elsewhere in the application, the toolbar will be minimized again.
- Double-click the name of a tab again to restore the toolbar.
Application Button
Change Password
Click to change your password. You will be required to enter your current password and then to enter the new password.
Diagnostic Tool
Click to open the Diagnostic Tool, which collects system data and sends it to the server, in case of technical problems.
Settings
Click to open the application Settings.
Exit
Click to exit the application.
Home Tab
Trading Group
Sell: Click to open a Sell position.
Buy: Click to open a Buy Position.
Chart Group
New Chart: Click to open a new chart window.
Instruments Group
Instrument Catalog: Click to open the Instrument Catalog window, where you can choose which instruments are visible in your application.
Profiles Group
Desktop Profile: Click to manage desktop profiles, or to choose from a list of saved system or custom profiles.
Algorithmic Trading Group
Indicators and Strategies: Click to open theIndicators and Strategies dialog, which will allow you to select and run an algorithmic trading strategy.
New Visual Strategy: Allows you to create a visual strategy directly on chart. Clicking this button opens the New Chart dialog for selecting the instrument and time scale on which the strategy will be created.
FXApps Group
FXApps: Click to open FXApps window.
Autochartist Group
Trading Opportunities: Click to open the Trading Opportunities window
View Tab
The buttons are highlighted when pressed – this indicates that corresponding function is enabled.
Screen Space Group
Full Screen: Clicking this button maximizes the application screen space:
• Expands ActTrader to the full screen
• Hides the Account Information Bar and Status Bar
• Minimizes the FXVoyager toolbar
• Enables the Hide toolbar and Use embedded chart labels checkboxes for all currently open charts and in the Chart Default Settings – i.e. for all newly open charts these options will also be enabled.
As a result ActTrader looks as follows:
In order to restore ActTrader to the previous view, click View > Restore Screen:
Auto-Arrange Windows: Click to arrange all windows that are open in the current workspace in order to fill the screen.
Workspaces Group
New Workspace: Click to open a new workspace.
Rename Active Workspace: Click to rename the currently active workspace.
Close Active Workspace: Click to close the currently active workspace.
Interface Type Group
FX Voyager Toolbar: Click to enable standard FXVoyager interface.
Application Menu: Click to enable top-level menu interface
Disable Skins: Click to turn off the FXVoyager interface and go back to the older look and feel of the application, which will include mini tick charts inside the dealing rates.
Skins Group
Classic: Click to switch to the Classic skin (standard ActTrader skin; all screenshots in this manual are made in this skin).
Modern: Click to switch to the Modern skin.
Note: Switching to another skin requires restart of the platform.
Show Group
Status Bar: Click to show/hide the Status Bar at the bottom of the main application window.
Account Information Bar: Click to show/hide the Account Information Bar at the bottom of the main application window.
When the button is pressed (highlighted), the corresponding bar is shown; when the button is depressed, the corresponding bar is hidden.
Grid: Press the button to show the grid on the application background; you can change the grid size in the edit box. When moving windows within the application they snap to the grid, which helps to organize your layout more efficiently. The grid can also be customized in the Main settings > Windows section.
Trade Tab
Market Order Group
Sell: Click to open a Sell position.
Buy: Click to open a Buy Position.
Close Position: Click to close an open position. A list of positions will appear, allowing you to choose the one you want to close.
Hedge Position: Click to hedge an open position.
Entry Order Group
Entry Sell: Click to create an Entry Stop or Entry Limit Sell order.
Entry Buy: Click to create an Entry Stop or Entry Limit Buy order.
Stop/Limit Order Group
Stop: Click to create a Stop or Trailing Stop order on an existing open position.
Limit: Click to create a Limit order on an existing open position.
Selected Order Group
Modify: Click to modify an existing order. If an order is currently selected in the Orders window, it will be preselected in the Modify Order dialog.
Remove: Click to remove an existing order. If an order is currently selected in the Orders window, it will be preselected in the Remove Order dialog.
Price Alerts Group
Price Alerts: Click to set a Price Alert.
Forwards Tab
Note: The Forwards Tab will only appear if Forex Forward trading is enabled on your platform.
Fwd. Market Order Group
Sell: Click to open a Forward Sell position.
Buy: Click to open a Forward Buy Position.
Close Position: Click to close an open Forward position. A list of positions will appear, allowing you to choose the one you want to close.
Hedge Position: Click to hedge an open Forward position.
Fwd. Entry Order Group
Entry Sell: Click to create a Forward Entry Stop or Forward Entry Limit Sell order.
Entry Buy: Click to create a Forward Entry Stop or Forward Entry Limit Buy order.
Fwd. Selected Order Group
Modify: Click to modify an existing Forward order. If an order is currently selected in the Forward Orders window, it will be preselected in the Modify Order dialog.
Remove: Click to remove an existing Forward order. If an order is currently selected in the Forward Orders window, it will be preselected in the Remove Order dialog.
Forwards Windows Group
Forward Orders: Click to open the Forward Orders window. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)
Forward Open Positions: Click to open the Forward Open Positions window. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)
Forward Closed Positions: Click to open the Forward Closed Positions window. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)
Forward Interest % Rates: Click to open the Forward Interest % Rates window. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)
Open Forwards Workspace: Click to create a dedicated Forwards workspace. The workspace will be populated with the four dedicated Forwards windows.
Read more about Forex Forwards…
Options Tab
The Options Tab contains commands related to Options trading.
Note: The Options Tab will only appear if Forex Options trading is enabled on your platform.
Options Group
Buy Put: Click to buy a Put option.
Buy Call: Click to buy a Call option.
Options Window: Click to open the Options window. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)
Binary Options Tab
The Binary Options Tab contains commands related to Binary Options trading.
Note: The Binary Options Tab will only appear if Binary Options trading is enabled on your platform.
Binary Options Bets: Click to open the Binary Options Bets window. The Binary Option Bets window is used for selecting and placing a bet.
Active Bets: Click to open the Active Bets window. The Active bets window displays bets that are awaiting for the expiration date/time.
Expired Bets: Click to open the Expired Bets window. The Expired Bets window displays bets that have been already expired.
Windows Tab
Note: Clicking a window name will open that window. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)
Dealing Rates: Click to open the Dealing Rates window.
Dealing Rates Table: Click to open the Dealing Rates Table window
Open Positions: Click to open the Open Positions window
Orders: Click to open the Orders window
News: Click to open the News window
Reports: Click to open the Reports window
Closed Positions: Click to open the Closed Positions window
Price Alerts: Click to open the Price Alerts window
Instruments: Click to open the Instruments window
Accounts: Click to open the Account Information window
Summary: Click to open the Summary window
Events and Messages: Click to open the Events and Messages window
Risk Exposure: Click to open the Risk Exposure window
Trading Opportunities: Click to open the Trading Opportunities window
Application Map: Click to view the application map – a list of open workspaces, each one with a submenu with a list of open windows within that workspace. Selecting any window will switch to that workspace and set focus on the selected window.
Read more about Configuring your Workspace…
Charts Tab
Charts Group
New Chart: Click to open a new chart.
Saved Charts: Click to see a list of the previously saved charts.
Open Charts: Click to see a list of currently open charts. Select a chart to switch focus to that chart window.
Settings Group
Set Defaults: Click to configure default chart settings.
Templates: Click to see a list of previously saved chart templates.
New Visual Strategy Group
New Visual Strategy: Allows you to create a visual strategy directly on chart. Clicking this button opens the New Chart dialog for selecting the instrument and time scale on which the strategy will be created.
Read more about Charts…
ActFX Tab
ActFX Group
Indicator Editor: Click to open the ActFX User Indicator Editor.
Strategy Editor: Click to open the ActFX User Strategy Editor.
Indicators and Strategies: Click to open the Indicators and Strategies window
Strategy Summary: Click to open the Strategy Summary window.
ActFX Online: Click to open ActFX forum.
Open Strategies: Click to see a list of currently open strategies. Select a strategy to switch focus to that strategy’s window.
MQL4->ActFX Converter: This button allows you to choose an MQL4 expert adviser file on your computer to convert it into ActFX strategy.Read more…
FXApps Group
FXApps: Click to open FXApps window.
Read more about Algorithmic Trading or User Indicators
FXApps Tab
Click the FXApps button to open FXApps window
In the MyApps group you can find all purchased applications. All indicators and strategies downloaded/purchased from FXApps are automatically added to the Indicators and Strategies window in the MyApps group.
Help Tab
Help Group
Trader Manual: Click to open the Trader Manual in a browser window.
About: Click to show the system name and the application and system version numbers.
Trading Guide
Read about:
• Subscribing to Trading Instruments
• Opening Positions
• Stop and Limit Orders
• Closing/Hedging Positions
• Entry Orders
• OCO Orders
• One-Click Trading
• Price Alerts
• Trading From Charts
• Monitoring your Account(s)
• Viewing Closed Positions
• Managed Accounts
• Options Trading
• Forward Trading
Subscribe to Trading Instruments
Instrument Catalog
To configure instrument subscription, click the Instrument Catalog button under the Home tab of the FXVoyager.
The Instrument Catalog displays all the instruments that are available to you. You can subscribe to/unsubscribe from instruments from this window.
The Instrument Catalog contains a list of all instruments available for subscription. To subscribe to one or more instruments, select them with the mouse and click “Subscribe”. To unsubscribe from one or more instruments, select them and click “Unsubscribe”. You may select a folder to subscribe to all instruments in that folder.
Once you have subscribed to an instrument, it will appear in the following windows:
• Dealing Rates window
• Individual Dealing Rates window
• Dealing Rates Table window
• Instruments window
• Chart windows (drop down instrument boxes)
If the selected instrument is unsubscribed, the “Unsubscribe” button is inactive; if the selected instrument is subscribed, the “Subscribe” button is inactive. Subscribed instruments are denoted by a fuller, 3D icon; unsubscribed instruments are denoted by a smaller, 2D icon of the same color.
If several instruments are selected, some of them subscribed, the others not, both the “Subscribe” and “Unsubscribe” buttons will be active.
Note 1. If there are open positions or orders on at least one of the selected instruments, then after clicking the “Unsubscribe” button, you will receive the following message: “Instrument (instrument name) in use”, and none of the selected instruments will be unsubscribed.
Instrument Search
Instrument search capability has been implemented in the Instrument Catalog window. You can search for an instrument by typing a letter(s) that the instrument name contains into the search field:
The found instrument will be highlighted in light grey color and the relevant “Subscribe” or “Unsubscribe” button will be active. You may scroll up or down through more search results by clicking the up/down arrows next to the search field.
Instrument Sorting
It is possible to sort the instruments in the “Instrument Catalog” window alphabetically. In order to do it you must click the “AZ” button to the left from the search field:
All the instruments will be sorted alphabetically inside each instrument group. The instrument groups themselves will also be sorted alphabetically.
When the instruments are sorted alphabetically, the AZ button will remain depressed. Click the button again to return all instruments to the default sorting.
Open a New Position (Market Order)
Open a position from the Dealing Rates window
To open a position from the Dealing Rates window, right-click on a buy or sell rate, and click Market Order Buy or Market Order Sell. (If forwards trading is enabled, then you will first have to select Spot or Forward.) This will open the New Position dialog.
Note: You can also right-click on the rates in the Dealing Rates Table window or the Instruments window and get the same menu.
Open a position from the FXVoyager toolbar
To open a position from the FXVoyager toolbar, just click the Buy or Sell buttons in the Home or Trade tabs. This will open the New Position dialog.
New Position Dialog
The New Position dialog allows you to configure your market order.
1. Select the Instrument to trade
2. Select the account you want to trade from (if you have multiple accounts.
3. Enter the amount to trade into the “Amount” field.
Note: The default pre-set amount is determined by the account’s Default Amount setting.
Note: You may use the following hotkeys: Press K to multiply the amount by 1,000. Press M to multiply the amount by 1,000,000. Press Ctrl-K to add 1,000 to the amount. Press Ctrl-M to add 1,000,000 to the amount.
4. Enter the Trader Range measured in pips.
Note: The Trader Range is your tolerance for price change. It is a range (in pips) from your original order price within which you would still be willing to place the order. If the market shifts while you are placing an order, you will receive the notification message offering you to ‘Accept New Price’ or ‘Remove Order’ within a certain time period. If the new price is within the Trader Range, then the order will automatically go through at the new price.
If the market shifts while you are placing an order, the dealer may reject your order and offer you the new market price. If the dealer’s new price is within the Trader Range, the order will automatically go through at the dealer’s new price.
Note: The default value of Trader Range can be set in the the Main Settings.
5. To preset a stop/limit on this market order, check the “Set Predefined Stop/Limit” check box. Read more about predefined stops/limits…
6. Press OK to submit the order.
Note: Once you submit your order, it is sent to the Dealer, who can confirm, reject, or remove it due to a change in market price. While your order is being processed, it will appear in the Orders window, designated as an I (Initiate) order.
Note: You cannot open a new position on an account with insufficient usable margin. However, you can hedge an existing unhedged position on an account with insufficient usable margin.
7. The “Slider” in the Order creation dialog window allows to see which part order amount represents in the maximum order amount.
When MC occurs on the account or an account has insufficient usable margin to open 1 lot position, then slider will display 0 on the right and left sides.
If you use one-click trading, then in the Dealing Rates window there are sliders for Bid and Ask buttons correspondingly and the Amount field:
Once open, the new position will be shown in the Open Positions window, and you will receive the audio alert “Order Entered”. The account information will be updated. (In certain circumstances, as a result of placing an order, an offsetting position could be closed).
Predefined Stop and Limit orders
When you check the “Set Predefined Stop/Limit” check box, the dialog box expands, allowing you to set a predefined stop and/or limit.
To set a predefined stop, trailing stop, or limit, click on the check box next to the desired order type. When you select the checkbox, the order rate becomes editable. The rate constraints to the right of the rate fields are based on the type of order and the condition distance setting.
Note: It is not possible to set both a predefined stop and a predefined trailing stop. Only one or the other may be checked.
Select the relevant check box and adjust the order rate. If you change your mind and decide not to place that order, simply uncheck the check box. If you uncheck the “Set Predefined Stop/Limit” check box, the dialog box will collapse to its previous size and any predefined stops/limits you selected will be discarded.
Once you have edited the predefined stop/limit orders to your satisfaction, click OK to place the order.
The market order will appear as an “I” order in the Orders window, with the predefined stop and/or limit already entered.
Upon order confirmation, the position will open with the stop and/or limit in place.
Note: The application will remember whether the Predefined Stop, Predefined Trailing Stop or Predefined Preset Limit check box was checked at the moment the “New Position”” dialog box was closed. The next time the dialog box is open, the corresponding checkbox will be also checked. You can also determine beforehand which Predefined orders to set when creating a Market or Entry order using the Set Predefined order at position opening setting located in the Main Settings
Rejected Market Orders
If the you create a market order with a predefined stop/limit, and the order is rejected because of a price change, the predefined stops/limits will be automatically canceled. This information will be reflected in the “Rejected order” message.
If you choose to open the position anyway (Accept New Price), you will have to set the stop/limit manually in the Open Positions window.
Note: If the dealer chooses to confirm your order at a different rate from the order rate, predefined stops/limits will not be affected.
Predefined Stop/Limit constraints explained
The constraints on the possible rates of predefined stops and limits depend on the projected closing price when the position opens and on the condition distance setting. The projected closing price is calculated by taking the entry order price and adding/subtracting the current spread. Condition distance is then added to/subtracted from this projected closing price to determine the maximum/minimum possible rate for stops/limits.
Example: The current Bid rate is 28 and the current Ask rate is 33. The spread is 5. Condition distance = 1. You place an entry stop order to buy at Ask = 40. The projected closing price of the position (when it opens) is 40 – 5 (the spread) = Bid 35. Factoring in condition distance, we find that the maximum predefined stop rate is Bid = 34 (35 – 1). The minimum predefined limit rate is Bid = 36 (35 + 1).
Multiple Accounts
It is possible to place market orders with predefined stops/limits from multiple accounts using the multiselect feature. In the event that the selected accounts have different condition distance settings, the largest of the settings will be used for all accounts.
Example:
Bid=1.4215 Ask=1.4220
Acct. 153 condition distance = 5: Acct. 154 condition distance = 7
For both accounts, the larger condition distance of 6 will be used to calculate the constraints on the predefined stop/limit:
1.4215 – 7 = 1.4208; Stop at 1.4208 and lower.
1.4215 + 7 = 1.4222; Limit at 1.4222 and higher.
Market order for managed accounts
• Fixed Default Amount (DA): Lots/Amounts will be distributed according to the individual DA of each account. The DA of a managed account is the sum of the individual accounts’ DAs. Managed accounts can only be traded in amounts that are multiples of the sum of all individual participating accounts’ DAs.
• Proportional: Lots/Amounts in the group order will be distributed in proportion to the maximum number of lots that can be open on individual participating accounts.
• Proportional – one minimal increment minimum: Lots/Amounts in the group order will be distributed in proportion to the maximum number of lots that can be open on individual participating accounts, but each account with sufficient usable margin will receive at least one minimal increment
Note: Only accounts with sufficient usable margin will be included in transactions
The allocation mode can be changed by going to Menu а Settings а View and Edit а Main Settings
Additional managed account order options
There is a modification to the “New Position” (shown), “Close”, ”Hedge”, and “Close with hedge” windows when they involve managed accounts/positions.
The amount (shown as a link) can be clicked to show a detailed distribution of lots among individual accounts.
Clicking Create Order will finalize the order, while clicking Ok or Cancel will return you to the previous window. Click on the individual amount links to make adjustments.
If you modify two accounts with equal maximum amounts to have unequal individual amounts, you will receive the following notification:
Note: This notification will only appear if the accounts have equal balances.
Please note that by default when you create an order, you are offered the maximum amount of lots that the managed accounts can hold (with existing usable margin). To prevent the accidental order of the maximum number of lots, you are asked to verify your intention to execute the order.
Rejected Market Orders
Reject Message without Timer
The Remove Order button includes a countdown timer that indicates how many seconds are left for the trader to accept the new price before the order is automatically removed.
Reject Message with Timer
• The message contains constantly changing market price on a specific instrument.
• It offers the choice to either “Re-Submit Order” at the current market price or “Remove Order”.
• This message does not have a timer.
• The message allows setting Trader Range before re-submitting the order.
Reject in STP
The systems connected to STP can have any reject message type for all orders which they process internally. For example, all orders processed internally have the “reject with the timer and option to accept” mode.
While orders sent directly to the STP provider receive a special reject message if they get rejected by the STP provider.
When a reject occurs in STP, trader of the TH system receives a message as in the example below:
“Your order # 1282 to Buy USDCASD at 1.0071 could not be processed. Please click OK to remove the order from the Orders window and try again”.
In the Events and Messages window, trader sees a message with the same text.
Stop and Limit Orders
A Limit order (sometimes known as a take-profit order) is a conditional order aimed at closing a position after a certain price is reached. A limit is triggered when the market moves in a favorable direction for the trader. It is designed to realize the profit made by the position.
Set a Stop/Limit Order from the Open Positions Window
Right-click on a position in the Open Positions window, and click Stop, Limit, or Trailing Stop (if trailing stops are allowed). The Stop or Limit dialog box will appear.
Set a Stop/Limit Order from the FXVoyager Toolbar
In the FXVoyager toolbar, click the Stop or Limit button under the Trader tab
A dialog will appear with a list of positions. Select the position on which you wish to set the Stop/Limit on, and click OK. The Stop/Limit Dialog will appear.
Enter the desired order rate and press OK.
Note: You can also configure the order by editing the “Distance in pips” and “Projected PL” boxes.
The Stop/Limit will be shown in the Orders window:
It will also be shown in the Open Positions window in the Stop or Limit column.
Stops and Limits can also be set for existing Entry Orders. This means that whenever an Entry Order is executed, the resulting open position will have a preset Stop/Limit order.
Right-click on the existing ES/EL order in the Orders window and choose Stop or Limit from the pop-up menu. The dialog box will appear. Enter the desired rate and press OK.
The Stop/Limit will be shown in the Orders window:
Trailing Stop Example (click to expand)
In this example, a BUY position is opened. A Trailing Stop is set with a trailing distance of 20 pips. (Figure 1)
Market price = 1.0045
Stop price = 1.0025
Figure 1
As the market price moves up, the Stop order will follow the market price at a distance of 20 pips. In the image below, the market price has moved up to 1.0054. The Stop order price is now 1.0034. (Figure 2)
Figure 2
If the market price begins to move down, the Trailing Stop order price remains fixed. In the image below, the market price has gone down to 1.0042. The trailing stop order price has remained at 1.0034. (Figure 3)
Figure 3
At this point, if the market continues to descend, the trailing stop order will be triggered when the market reaches 1.0034.
If, on the other hand, the market begins to rise, the trailing stop will remain at 1.0034 UNTIL the market price passes 1.0054 (20 pips away). At this point, if the market continues to rise, the trailing stop order price will start to rise as well, trailing the market price by 20 pips.
Right-click on the desired open position in the Open Positions window or on the existing ES/EL order in the Orders Window and choose Trailing Stop from the pop-up menu. The dialog box will appear:
To set the Trailing Stop Distance check the “Set Trailing Stop Distance” check box in the “Stop Order” dialog box and enter the distance value in pips. Press OK. The Trailing Stop Distance value will appear in the “Tr.Stop” field of the position record and a Trailing Stop Order will appear in the Orders window.
Remove non-triggered Orders
Right-click on the desired order in the Orders window and select Remove from the pop-up menu.
Close and Hedge Positions
Close a Position
Close a Position from the FXVoyager toolbar
On the FXVoyager toolbar, click the Close Position button under the Trade tab. A dialog will appear containing a list of currently open positions. Select the position you wish to close, and click OK.
Close a Position from the Open Positions window
Right-click on the position line in the Open Positions window, and select Close Position from the menu. The Close Position dialog will appear.
Enter the desired amount you wish to close into the “Amount” field. You can enter a smaller amount if you want to only partially close position.
Note: By default you are offered to fully close the position.
Press OK to confirm the order. The position will be closed. Account information will be updated. The closed position will appear in the Closed Positions window.
Note, that the system will not allow you to close the position which already has existing C order waiting for the dealer’s confirmation.
If you select a position with a C order created earlier, you will receive the following message: “There is an existing C order [order number] to close [order amount] in ticket [ticket number]”.
A new C order will not be created
If you select several positions to close, the C orders will be created only for those positions which do not have existing C orders. The system will check your positions one by one, and if it finds a position with a C order created earlier, it sends the message described above, and stops checking the remaining positions.
Note: On the NFA regulated systems, position closing is done in a different way. See details here.
Hedge a Position
“Hedging” refers to the opening of a new position in the opposite direction of an existing position on the same instrument.
Note: Hedging may not be allowed on some platforms.
Hedge a Position from the FXVoyager toolbar
On the FXVoyager toolbar, click the Hedge Position button under the Trade tab. A dialog will appear containing a list of currently open positions. Select the position you wish to hedge, and click OK.
Hedge a Position from the Open Positions window
Right-click on the position line in the Open Positions window, and select Hedge Position from the menu. The Hedge Position dialog will appear.
Enter the desired number of lots into the “Amount” field. You can hedge a position partially or fully.
Note: By default, you are offered to fully hedge the position.
Press OK to confirm the hedge.
Note: You can hedge an existing unhedged position on an account with insufficient usable margin. You, however, cannot open a new position on an account with insufficient usable margin.
Entry Orders
Entry Limit orders aim at opening positions in the future, when the market price has moved DOWN for a Buy order/UP for a Sell order. Entry Stop orders aim at opening positions in the future, when the market price has moved UP for a Buy order/DOWN for a Sell order.
Create an Entry Stop/Limit from the Dealing Rates window
To create an entry stop/limit from the Dealing Rates window, right-click on a buy or sell rate, and click Entry Stop Buy or Entry Limit Buy. (If forwards trading is enabled, then you will first have to select Spot or Forward.) This will open the Entry Order dialog.
Note: You can also right-click on the rates in the Dealing Rates Table window or the Instruments window and get the same menu.
Create an Entry Stop/Limit from the FXVoyager toolbar
To open a position from the FXVoyager toolbar, just click the Entry Buy or Entry Sell button under the Trade tab. Each button opens a dropdown menu allowing you to choose Entry Stop or Entry Limit.
Entry Order Dialog
1. Enter the amount in lots.
Note: The default pre-set amount is equal to the account DA setting
2. Enter the rate in the “Rate” field.
Note: The allowed price range is shown to the right of the “Rate” field.
Note: You can also adjust the “Distance in pips” box to set up your order. (Distance in pips = The difference in pips between the proposed entry order rate and the current market rate.)
3. If you are creating this entry order as part of an OCO pair, select the “Create as OCO for order” box. You will then be able to select an existing entry order from a pull-down menu.
4. To preset a stop/limit order on this entry order, check the “Set Predefined Stop/Limit” box. More about predefined stops/limits…
5. Press OK. A new order marked ES or EL will be created and shown in the Orders window.
Note: This order will be executed when the market price matches the order price.
Since the market continues to fluctuate while you are placing an entry order, certain fields in the Entry Order creation dialog will update in real time:
• If you set a specific entry rate and the market rate changes before the order is finalized, then ‘Distance in pips’ will update accordingly, while the selected entry rate will remain fixed.
• If you modify the ‘Distance in pips’ field and the market rate changes before the order is finalized, then the entry rate will update accordingly, while the ‘Distance in pips’ will remain fixed.
• If you do not modify any field and the market rate changes before the order is finalized, then the entry rate will update accordingly.
Note: Some systems may allow Trailing Entry orders. Read more…
A new order marked ES (Entry Stop) or EL (Entry Limit) will be created and will appear in the Orders window.
This order will be executed at the time when the trader’s price matches the order price.
Trailing Entry orders
Trailing Entry Limit works as follows: if the market price moves DOWN for sell orders/UP for buy orders, then the Trailing Entry Limit moves with the market price, following it at a pre-set distance; if the market price moves UP for sell orders/DOWN for buy orders, then the Trailing Entry Limit price remains fixed and, if the market price reaches the Trailing Entry Limit order price, the order will be executed and a new position opened.
Trailing Entry Stops/Limits have the same logic as Trailing Stop orders on a position. For a specific example of how a trailing order behaves in relation to the market price, please see the Trailing Stop Example.
To place a Trailing Entry order, check the “Trailing Distance” check box in the order window.
Predefined Stop/Limit
When you check the “Set Predefined Stop/Limit” check box, the dialog box expands, allowing you to preset a stop and/or limit on your entry order.
To set a predefined stop, trailing stop, or limit, click on the check box next to the desired order type. When you select the checkbox, the order rate becomes editable. The rate constraints to the right of the rate fields are based on the type of order and the condition distance setting.
Note: It is not possible to set both a predefined stop and a predefined trailing stop. Only one or the other may be checked.
Select the relevant check box and adjust the order rate. If you change your mind and decide not to place that order, simply uncheck the check box. If you uncheck the “Set Predefined Stop/Limit” check box, the dialog box will collapse to its previous size and any predefined stops/limits you selected will be discarded.
Once you have edited the predefined stop/limit orders to your satisfaction, click OK to place the order.
The entry order will appear in the Orders window with the predefined stop/limit already entered.
Upon order execution, the position will open with the stop and/or limit in place.
Note: The application will remember whether the “Set Predefined Stop/Limit” check box was checked or not at the moment the Entry Order dialog box was closed. The next time the dialog box is open, it will be expanded or contracted, depending on its most recent state.
OCO Orders
Only Entry orders can be OCO Orders.
OCO orders must be placed:
• From the same account
• On the same instrument
• In the same direction (Buy/Sell)
• On different sides of the market (Entry Stop/Entry Limit)
Example: An EL order to BUY EURUSD on account #105 can only be bound to an ES order to BUY EURUSD on account #105.
• Creating OCO pair from scratch
• Creating a new Entry order as an OCO to an existing Entry order
• Binding two existing Entry orders into an OCO pair
• Unbinding OCO orders
• Trailing Entry orders
Creating OCO pair from scratch
It is possible to create an OCO pair “from scratch”, i.e. create two linked orders simultaneously.
Right-click the Buy or Sell rate in the Dealing Rates window, Instruments window, Dealing Rates Table window, or an Individual Dealing Rate window, and select Entry OCO from the menu.
The “Entry OCO Order” dialog box will appear:
Set the rate for the Entry Stop order and the rate for the Entry Limit order. Click OK to create both orders.
Note 1: Since there is only one Amount field, both orders will be for the same number of lots. If you want an OCO pair to have different numbers of lots, you must create the orders separately.
Note 2: You cannot set trailing distances from this window. You can set them manually later by right-clicking on the order record in the Orders window, and selecting Change order rate. Or, you can just create the orders separately.
Creating a new Entry order as an OCO to an existing Entry order
1.Create a new Entry order and then select an existing Entry order to link it with.
2.Select an existing Entry order and set an OCO link to a new order from the right-click menu.
Method 1: Create an Entry Stop or Entry Limit order as you normally would. The “Entry Order” dialog box will appear:
Check the “Create as OCO for order” check box. If there are OCO linkable Entry orders already open, they will be listed in the drop-down box. You can also type in an order number.
Note: The drop-down box contains all possible OCO order candidates for the type of order you have selected.
Method 2:
Right-click on an existing Entry order in the Orders window, select OCO Link, and then select Set To New Order.
The Entry Order dialog box will appear:
The “Create as OCO for order” check box will be checked. The order on which you clicked will be automatically selected. All other orders which can be OCO pairs with the new order are also available in the drop-down box.
In either case, if you try to bind a new Entry order to an existing Entry order that is already part of an OCO pair, the system will display a warning:
Binding two existing Entry orders into an OCO pair
The dialog box will appear:
If there are existing OCO linkable orders, they will be listed in the drop-down box.
If the original order is already part of an OCO pair, the dialog box will contain a warning:
Unbinding OCO orders
You will receive a confirmation pop-up
Click OK to unbind the orders.
Note: If you right-clicked an Entry order that is not part of an OCO pair, the Unbind OCO command will be grayed-out.
Trailing Entry orders
However, when creating an OCO pair “from scratch” using the Entry OCO command, you only have the option to create regular Entry orders. If you want to make these into trailing orders, you can do it manually later by right-clicking on the order record in the Orders window, and selecting Change order rate.
One-Click Trading
One click trading can be enabled through the application main settings.
The “One Click Trading” setting adds an “Amount” field and sliders to every instrument’s cell in the Dealing Rates window. Furthermore, when you click on Bid or Ask, a position will immediately open for the number of lots indicated in the “Amount” field (by default, the DA of the selected account).
Sliders under each Bid and Ask button shows minimum and maximum amount that can be sold or bought from the currently selected account.
You can also determine beforehand whether to set Predefined orders when opening positions in one-click trading mode, using the Set Predefined order at position opening setting located in the application main Settings
One Click Trading with managed accounts
The following options are available when:
1. A managed account is selected, AND
2. The current managed account order allocation mode is set to “Proportional” or “Proportional-One lot minimum”
The Amount caption in each instrument’s cell becomes a link
Clicking the Amount link opens the “Amount Details” window, which enables you to review and re-distribute the number of lots for each individual account within the managed group.
Each amount can be modified.
In the One-Click Trading mode you can also close a position in one click – by clicking the Close Rate (Close column) in the Open Positions window. In this case the selected position is always fully closed.
Price Alerts
When a Price Alert is triggered, the system displays a pop-up message and plays an audio alert.
•Setting Price Alerts
•Setting Chart Alerts
•Viewing, Editing, and Removing Price Alerts
•Triggered Price Alerts
•Changing Audio Alert Setting
Setting Price Alerts
You can also set a price alert by right-clicking on an instrument in these windows:
• Dealing Rates window
• Individual Dealing Rate window
• Dealing Rates Table window
• Instruments window
Select Price Alert from the pop-up menu. The “Set Price Alert” box will pop up.
Set the rate at which you wish the Price Alert to be triggered. Click OK.
Setting Chart Alerts
You can set a chart alert in two ways:
1) Select a trendline on the chart and select the option Set Alert On Penetration from the lines menu on the chart toolbar (this option is grayed out for any other lines except for trendlines)
2) Right-click on a trendline and select Set Alert On Penetration from the context menu (this option appears only in the context menu of a trendline):
After this option is selected, the Set Chart Alert window opens:
At the top of the window the chart instrument, interval, and the name of the trendline are indicated. Select the direction and the penetration conditions using the radio buttons.
Note 1: The ‘Upon candle close’ option is unavailable on tick charts. If ‘Tick’ is selected as the chart interval, ‘Upon penetration’ will be preselected, and both options of the Send Alert setting will be grayed out.
Note 2: If the ‘Upon candle close’ option is selected, the condition will be checked each time when a new candle opens in the chart.
Click OK to create the alert. It will immediately appear in the Price Alerts window in the dedicated Chart Alerts table:
Note 3: You cannot create several Chart Alerts on a single trendline.
Viewing, Editing, and Removing Price Alerts
Triggered Price Alerts
When a chart’s candle penetrates the trend line, a sound is generated and a pop up message appears:
Each Price Alert is triggered only once, and is automatically removed after you press OK.
Changing Audio Alert Setting
Trading from Charts
Read the section on Trading From Charts.
Monitor your Account(s)
In the FXVoyager toolbar, click the Accounts button under the Windows tab.
In addition, the Account Information bar give you an at-a-glance view of your account.
Click Reports under the Windows tab of the FXVoyager toolbar to run an Account Statement or Trader Statistics report.
View Closed Positions
To open the Closed Positions window, open the Windows tab in the FXVoyager and click the Closed Positions button.
Read more about the Closed Positions window…
Managed Accounts
Setting Up a Managed Account
If you have 2 or more accounts, you can set up a managed account.
Right-click inside the Account Information window, and select Organize Managed Accounts.
A dialog will open with two lists of accounts. You can select a group account by choosing the appropriate account number from the drop down box at the top of the list. The list under the drop down box contains all of the accounts that are a part of the group specified in the drop down box. You can move accounts between the two lists by selecting the account or several accounts and using the buttons > and <. You can move accounts from the Non-Managed pool to a group account, from a group account to the Non-Managed pool, or from one group account to another group account.
You can create a new group account by clicking the button “Create New Group”. The new group is created empty. You cannot create a new group if you already have an empty group.
You can add new accounts to the group or remove accounts from the group even if there are open positions/orders on account/group.
Please note:
1. Newly added account will NOT participate in the existing group positions/orders.
2. When removing account from the group, existing group positions and orders will remain open. But open position on this account will no longer be part of the group position.
Existing group order will be reduced by the amount allotted to this account. Existing order on this account that was a part of the group order will be removed.
Trading From a Managed Account
To trade from your managed account, make sure that it is highlighted in the Account Information window, or selected in the Account Information bar.
Order amounts are allocated among the accounts in the group based on the Managed Order Amount Allocation Mode setting, found in the Main Settings of the application.
Options Trading
An option is a contract that gives the buyer the right to buy or sell the underlying commodity at the strike price on the expiration date. Strike price and expiration date are determined by trader. Options are used for speculative trading and for hedging spot positions.
Quick Start Trading Guide
Open (buy) a New Option
You can buy an option by right-clicking on a dealing rate (Dealing Rates, Dealing Rates Table, Instruments windows), or by clicking one of the buttons on the Option toolbar:
Buy Put: Click to buy a Put option.
Buy Call: Click to buy a Call option.
If you have only one trading account, this account is selected automatically; otherwise, select the account that you want to trade from in the Account Information window or in the Account Information bar. Option trading is not available from group accounts, or from a selection of multiple accounts.
The selected account will be highlighted.
Right-click on the rate for the option you want to buy in the Dealing Rates window. Right-click on the Bid (Sell) button for a put option, and for a call option click on an Ask (Buy) button. Select “Buy Option” from the pop-up menu.
The “New Option” dialog box will appear:
Enter the order amount in lots into the “Amount” field.
Select the expiration date for the option in the “Expiry” field.
Select the strike price in the “Strike”.
You can also select the option parameters via the convenient table listing strikes and the corresponding deltas, premiums and volatility for the selected expiration date.
Clicking on Table of Strikes button brings up a table in a pop-up window.
When you finish selecting options parameters, click OK to submit the order. Your order appears in the Options window with I status.
Note 1: Once you click OK your order is sent to the Dealer, who can confirm, reject or remove it (due to a change in market price).
Upon the dealer’s confirmation, a new option will be opened and the status of the option in the Options window will change to O.
Note 2: 20 strikes up and 20 strikes down from the current price are available for trading. Strike prices are 50 pips apart.
Close (sell) an Option
Select the option that you wish to close in the Options window. Right-click on the option, and select “Close Option” from the pop-up menu. Click OK on the confirmation message to submit the close option order.
Note: Once you click OK your order is sent to the Dealer, who can confirm, reject or remove it (due to a change in market price).
Upon the dealer’s confirmation, the option will be closed and the option value will be added to the account balance.
Monitoring Options Orders and Positions
Options orders and positions are displayed and managed in the dedicated Options window. You can open this window through the Options tab on the main panel:
Expiration of Options
Options expire at 12:00 Midnight on their expiration date.
‘Out of the Money’ and ‘In the Money’ options are automatically removed by the system upon expiration.
In the Money options result either in the opening of a spot position or in the option’s value added to the account balance between 12:00 midnight and 11:00 AM on the expiration day.
Monitoring Exposure from Options
The Summary and Currency Risk Exposure windows can be configured to reflect Options, Spot Positions, or both. (Or neither, if only “View Forwards” is activated.)
The options ‘Show Spot’ and ‘Show Options’ in the right click menu of the Summary window allow you to see the summary information:
• Only for spot positions (‘Show Spot’ option active, ‘Show Options’ option inactive);
• Only for options positions (‘Show Options’ option active, ‘Show Spot’ option inactive);
• For both spot and options positions (both ‘Show Spot’ and ‘Show Options’ options active);
The options ‘View Spot’ and ‘View Options’ in the right click menu of the Currency Risk Exposure window allow you to define, which trades to be considered:
• Only spot positions (‘View Spot’ option active, ‘View Options’ option inactive);
• Only options positions (‘View Options’ option active, ‘View Spot’ option inactive)
• Both spot and options positions (both ‘View Spot’ and ‘View Options’ options active)
Note 1: The exposure from options displayed in Risk Exposure and Summary windows is based on the “Exposure Amount” figure. This figure is displayed in Options window for each option position.
Note 2: Due to rounding rules difference in Risk Exposure, Summary, and Options windows, the last few digits of the figures might differ slightly.
Options in Account Statement
Opening and closing of Options positions and expirations of options are reflected in the Account Transactions table of the Account Statement report. Open Options positions are displayed in the Open Options Positions table of the Account Statement report.
Type
Transaction type
OOP – option opened
OCP – option closed
OEX – option expired
Ticket
The option number.
Option Prem
The amount per unit of currency that an option buyer pays to the seller.
The option premium is primarily affected by the difference between the stock price and the strike price, the time remaining for the option to be exercised, and the volatility of the underlying stock.
Option#
The option number
Instrument
Instrument name. This is the name that can be set and customized by the administrator in the Instruments section of the ActAdmin. For example, for GBPUSD, the instrument name may read “Cable”.
Expiration Date
Option expiration date.
Strike Price
The specified price on an option contract at which a call option buyer can buy the underlier or a put option buyer can sell the underlier.
The buyer’s profit from exercising the option is the amount by which the strike price exceeds the spot price (in the case of a put), or the amount by which the spot price exceeds the strike price (in the case of a call).
Call/Put
A Call is an options contract that gives the buyer the right to buy the underlying commodity at the strike price on the expiration date.
Put is an options contract that gives the buyer the right to sell the underlying commodity at the strike price on the expiration date.
Lot
Number of lots in the option. If the system is set in amounts (rule Show Trade/Order Size as), the column is titled Amount and displays the amount in the option.
Open Date/Time
The date and time of opening of the option.
Open Premium
Premium at opening of the option. Premium is calculated by the system using the volatility data specified in ActAdmin->Options-> Market volatility or Static Volatility. If negotiation on opening of an option is “Full”, dealer may manually change the open premium of the option before confirming the transaction.
Premium is used to calculate open cost of the option.
Open Cost
Total cost of opening of the option position. The open cost is subtracted from the account balance at the time of the transaction.
Open cost is calculated by the system via the following formula:
Cost = Premium*Contract size*Number of lots
Note: If negotiation on opening of an option is “Full”, dealer may manually change the open premium of the option before confirming the transaction, thus altering the calculated open cost of the option.
If the resulting open cost is less than the Minimum Cost, then the Minimum Cost will be applied instead of the above formula. The Minimum Cost is equal to the Number of Lots*Minimum Cost per Lot specified in ActAdmin for this instrument. In this case, the Premium is not used to calculate the open cost of the option.
Current Premium
Premium at the end of report period. Premium is calculated by the system using the volatility data specified in ActAdmin->Options-> Market volatility or Static Volatility. If negotiation on closing of an option is “Full”, dealer may manually change the close (current) premium of the option before confirming the transaction.
Current Premium is used to calculate the option value.
Option Value
The value the trader would receive for closing of the option position at the end of report period. Option value would be added to the account balance at the time of the transaction.
Option value is calculated by the following formula:
Option Value = Current Premium*Contract size*Number of lots.
Note: If negotiation on closing of an option is “Full”, dealer may manually change the close (current) premium of the option before confirming the transaction, thus changing the options value.
The Minimum Cost per lot setting has no effect on determining the option value.
User
The login of the trader or dealer that confirmed the buy option transaction.
Trader’s login appears in this column if the negotiation on buying an option was AUTO at the time of the transaction and the transaction did not require dealer’s confirmation.
Dealer’s login appears in this column if the negotiation on buying an option was FULL at the time of the transaction and the dealer confirmed the order without changing the option premium (cost).
Trader’s login appears in this column if the negotiation on buying of an option was FULL at the time of the transaction, the option was re-priced by dealer (set new open premium and open cost), trader accepted the new cost.
Glossary of Terms
Open Premium
Premium is the price of opening (buying) of an option per one unit of currency.
Premium is used to determine the open cost of the option.
Open Cost
Total cost of opening of an option. The open cost is subtracted from the account balance at the time of the transaction.
Current Premium
Current or close premium is the current close price of an option per one unit of currency.
Premium is used to determine the close value of the option.
Option Value
The value the trader would receive for closing an option. The option value is added to the account balance at the time of the transaction.
Option Number
The unique number that identifies the option in the system.
NOTE: ticket numbers for spot positions and option numbers for options are not the same, as spot and option transactions are tracked separately. Therefore, there may exist a spot position and an option in the system that may potentially have the same number.
Call
An option giving the owner the right (not the obligation) to buy the specified instrument at strike price on the expiration date.
Put
An option giving the owner the right (not the obligation) to sell the specified instrument at strike price on the expiration date.
Strike Price
The price at which an option can be exercised. Strike price is fixed in the option contract. For call options, the strike price is the price at which the instrument can be bought at the expiration date, while for put options the strike price is the price at which the instrument can be sold. Strike Price is one of key determinants of Option Premium.
Expiration date
The date when an in-the-money option may be exercised, or an out-of-the-money option expires worthless. The amount of time left until the option’s expiration date is one of the key determinants of Option Premium.
European option
An option that may only be exercised on expiration. European options are the only type of options available in the system.
Forward Trading
What is Forward Trading?
Forward trading is a way of trading Forex instruments, in which the delivery date of the contract is later than the 2 days of spot Forex trading. Forwards are not instruments in their own right, in the same way that options are not instruments – rather they are a different way of trading currencies. The spot Forex market has a set delivery date of 2 days. In Forex forwards, the delivery date (also known as the Value Date) is at some predefined point in the future, between 3 days and 6 months from the current day. The forward price on a Forex instrument differs from the spot price because it takes into account the annual interest rates of each currency as well as the duration between now and the selected value date. This information is plugged into a formula that determines the swap rate. The swap rate, added to the spot rate, results in the forward rate. As a result, forward trading can be an opportunity to take advantage of interest rate differentials between two currencies.
Forwards may be most beneficial to traders who know they are planning to keep a Forex position open longer than a few days, because overnight rollover charges are not applied to forwards.
How Forward Rates are Calculated
Overview
The forward rate is different than the spot rate and depends on the spot rate, interest rate and number of days between the current day and the Value Date. Forward rates are displayed with 2 more digits after the decimal than spot rates.
Note: If a forward position has not been closed by the end of the Value Date, then the forward will expire and be closed automatically at the end of the trading day. The P/L will be added to the account balance.
The Spot Rate is modified by a new component in the price, the Swap Rate. The Swap Rate is added to the Spot Rate in order to calculate the Forward Rate.
Forward Rate Formula
Buying a forward instrument:
Selling a forward instrument:
where
____ = Swap Rate
n = Number of calendar days between the current day and the end of the value day
R = Resulting % rate (the difference between the annual % rates of the two currencies, adjusted by +/- % spreads)
Clarification and Examples
Every Forex forward trade actually consists of two operations: Buying one currency and selling another currency:
BUY EURUSD means: BUY EUR / SELL USD
SELL EURUSD means: SELL EUR / BUY USD.
Annual % rates. For the purpose of forward interest rate calculation:
The annual rate of the bought currency is taken with the positive sign. This is what the trader receives. The annual rate of the sold currency is taken with the negative sign. This is what the trader pays.
Spreads +/- %. The purpose of the % spread is to decrease the rate that the trader receives and to increase the rate that the trader pays. Thus the % spread is subtracted from the annual rate that the trader receives, and added to the annual rate that the trader pays.
Example 1: Calculating the Resulting Rate (R)
The 1-month spread for EUR and for USD is 0.15%
EUR annual rate = 4.25%
USD annual rate = 2.00%
Example 1a: The trader BUYS EUR / SELLS USD:
For EUR, take clip0383clip0384. Trader receives 4.10%, less than the annual 4.25%.
For USD, take clip0385clip0386. Trader pays 2.15%, more than the annual 2.00%.
The resulting rate (R) is clip0387clip0388. Positive result, the Trader receives.
Example 1b: The trader SELLS EUR/ BUYS USD:
For EUR, take clip0389clip0390. Trader pays 4.40%, more than the annual 4.25%.
For USD, take clip0391clip0392. Trader receives 1.85%, less than the annual 2.00%.
The resulting rate (R) is clip0393clip0394. Negative result, the Trader pays.
Applying % spreads from the table:
1) If the time difference between the current day and the end of the value date is less than or equal to the time interval specified in the table, the % spread specified for this interval is used;
2) If the time difference between the current day and the end of the value date is larger than the time interval specified in the table, the % spread specified for the next interval is used.
3) If there is no % spread specified for a given interval, the system will attempt to use the % spread from the nearest later interval. If no such spread is available, then the latest value date will be constrained by the nearest available % spread.
Example 2: Calculating the Swap % Rate
Swap % rate formula:
Today is Wednesday September 03, time is 16:00
Value Date = October 1 (less than 1 calendar Month):
n = 27 (27 calendar days until the value date)
If we BUY EUR/ SELL USD:
R = + 1.95%
If we SELL EUR/ BUY USD:
R = – 2.55 %
Example 3: Calculating the Swap Rate to get the Forward Rate
Current spot price for EURUSD: BID 1.4570 / 1.4575 ASK
Example 3a: BUY EUR / SELL USD (Using ASK price of 1.4575)
Swap Rate: 0.14625% of Ask rate of 1.4575 = 0.002132
Trader Receives, meaning he buys lower; This means the swap rate is subtracted from the ASK price.
Example 3b: SELL EUR / BUY USD (Using BID price of 1.4570)
Swap Rate: – 0.19125% of Bid rate of 1.4570 = – 0.002787.
Trader Pays, meaning he sells lower; This means the swap rate is subtracted from the BID price.
Placing a Forward Order
You can create forward market orders, entry orders, and stop/limit orders, or even OCO orders, just like with spot instruments.
You can place a forward order by right-clicking on a dealing rate (Dealing Rates, Dealing Rates Table, Instruments windows), or by clicking one of the buttons on the Forward toolbar:
When forward trading is available on a Forex instrument, the dealing rate right-click menu will include Spot and Forward order sub-menus:
Note: Since forwards are only available on Forex instruments, the ‘Spot’ and ‘Forward’ sub-menus only appear for Forex instruments.
Creating a Forward Market Order
The New Forward Position (market order creation) dialog resembles the one for spot orders, with three additions: Value Date, Swap Rate, and the resulting Forward Rate.
Once you select a Value Date, the Swap Rate and Forward Rate are calculated automatically.
FORWARD ORDER
SPOT ORDER
The Swap Rate is displayed with a +/- symbol depending on if it’s added or subtracted from the Spot Rate. If the Swap Rate improves the trader’s rate, it is displayed in green. If the Swap Rate worsens the trader’s rate, it is displayed in red.
To place a Forward order, you must enter a value date in the Value Date field, or select a value date from the calendar by clicking on the arrow next to the date.
Note: The Value Date for forwards is a delivery date at some predefined point in future. If the forward position has not been closed by end of trading on the value date, then the forward will expire and the position will be closed automatically. A trader defines Value Date himself (from 3 business days to 6 months), while creating a forward order. Value Date directly affects the forward rate (see Forward Rate Calculation)
Value Date constraints
The Value Date cannot be on a weekend. Because spot trades have a settlement date of 2 days, the earliest available Value Date for a forward trade is a weekday 3 business days from the current day. (If today is Tuesday, the nearest Value Date is Friday. If today is Wednesday, the nearest Value Date is Monday.)
This video clip shows how to select the value date and create a forward order.
Monitoring Forward Orders and Positions
Forward orders and positions are displayed and managed in dedicated forward windows: Forward Orders, Forward Open Positions, Forward Closed Positions. You can open these windows through the Forwards tab on the main panel:
The Forward Orders, Open and Closed Positions windows are similar to the analogous Spot versions of these windows, only with the addition of Swap Rate and Value Date columns.
Forward Interest % Rates window
The Forward Interest % Rates window is a table of forward interest rates for the currency pairs:
Forwards Workspace
There is a quick and easy way to create a dedicated Forwards workspace. On the Forwards tab, select Open Forwards Workspace.
This will create a new workspace and populate it with the four dedicated forwards windows.
Monitoring Exposure from Forwards
The Summary and Currency Risk Exposure windows can be configured to reflect Forward Positions, Spot Positions, or both. (Or neither, if only “View Options” is activated.)
The options ‘Show Spot’ and ‘Show Forward’ in the right click menu of the Summary window allow you to see the summary information:
• Only for spot positions (‘Show Spot’ option active, ‘Show Forward’ option inactive);
• Only for forward positions (‘Show Forward’ option active, ‘Show Spot’ option inactive);
• For both spot and forward positions (both ‘Show Spot’ and ‘Show Forward’ options active);
The options ‘View Spot’ and ‘View Forward’ in the right click menu of the Currency Risk Exposure window allow you to define, which trades to be considered:
• Only spot positions (‘View Spot’ option active, ‘View Forward’ option inactive);
• Only forward positions (‘View Forward’ option active, ‘View Spot’ option inactive)
• Both spot and forward positions (both ‘View Spot’ and ‘View Forward’ options active)
Binary Options Trading
Binary Options are named so because they could have only two results: a holder either receives nothing or some predefined sum. Technically, buying a Binary Option is like placing a bet on further instrument price movement (hereinafter Binary Option = bet). Binary Option gives its holder the right to receive a fixed sum if the current asset’s price at the expiration date and time is higher/lower than the strike price.
As with other option transactions, buyer pays a bonus (premium) for acquiring an optional right. If he wins, he receives his premium back plus certain percentage of this sum (this percentage is called payout or return). If buyer loses, he receives a consolation payout, which is also a percentage of the premium paid. Thus, trader never loses all of his money – he is always refunded at least a part of his investment. Furthermore, trader doesn’t have to pay any commissions or fees for transactions with Binary Options.
There are two types of Binary Options that can be traded on the platform:
• High/Low – strike rate is always the current instrument rate
• Spread – trader can choose between two possible strikes – several pips above and several pips below the current rate
Important Notes for Binary Options Transactions
Important notes for Binary Option transactions:
• When you buy the Binary option, the Premium value is withdrawn from your account balance.
• No commissions, markups or other charges are applicable for buying a binary option.
• When the binary option position opens, it receives a unique id (Bet#). This number will be used in reports.
• It is not possible to buy a binary option, if there is not enough money on the account balance or usable margin is insufficient.
• There is a limit on the amount any trader can invest in Binary option at any given time. It is measured as the total amount of premium for all open binary options of the trader. This parameter is regulated by the Administrator.
• It is not possible to buy a binary option on an instrument during a non-trading interval
• It is not possible to buy a binary option when trading is closed
• It is not possible to buy a binary option during a feed timeout
• It is not possible to buy a binary option using a non-tradeable price (in case of the invalid external rates)
Expiration procedure:
• When a binary option expires, the user receives his winning payout or consolation payout, depending on whether he wins or loses:
The winning payout is paid:
*For Call(Up) – if the Bid rate at expiration is HIGHER than the strike rate (the Bid rate at the moment of placing the bet)
*For Put(Down) – if the Bid rate at expiration is LOWER than the strike rate (the Bid rate at the moment of placing the bet)
Note: Depending on the system configuration, either Bid, Ask or Middle rate is used in binary options trading.
• If the Bid rate at expiration is EQUAL to the strike rate, then trader can receive either consolation payout or premium paid for placing the bet, depending on the system configuration
• The non-trading intervals have no effect on the option expiration process – the current rate is taken as the expiration rate
• Closed trading doesn’t have any effect on the option expiration process – the current rate is taken as the expiration rate
• Feed timeout doesn’t have any effect on the option expiration process – the last active rate is taken as the expiration rate
• A non-tradable price in case of an invalid external rate has no effect on the option expiration process – the current rate is taken as the expiration rate.
Placing a Binary Bet
You can buy a binary option by clicking the Binary Options Bets button on the Binary Option toolbar:
In order to select the binary option type – High/Low or Spread, click on the corresponding tab at the top of the Binary Options window. Clicking on a tab opens controls for the specific options type trading
If you have only one trading account, this account is selected automatically; otherwise, select the account that you want to trade from in the Account Information window or in the Account Information bar.
Note: Binary Option trading is not available from group accounts, or from a selection of multiple accounts.
High/Low Binary Options window
The Binary Options window is used for selecting and placing a bet in ActTrader. This window combines all instruments and expirations, as well as bet placement controls.
High/Low Binary Options provide only one strike price which is always equal to the current instrument rate.
The BO Bets window is divided into three sections:
–Instruments
–Chart
–Bet placement controls
The title of the BO Bets window contains the Net P/L value for all currently open bets (of all available types), calculated as a difference between sum of all premiums of the active bets, and the current payouts for these bets. The Net P/L is updated every second, taking into consideration whether the bets are currently winning or losing.
Example:
Two bets placed:
Bet# |
Instrument |
Premium |
Condition |
Payout |
Current rate |
Current payout |
1 |
EURUSD |
100 |
Put 1.29500 |
174.00/15.00 |
1.29512 |
15.00 |
2 |
USDJPY |
100 |
Call 94.301 |
172.00/15.00 |
94.353 |
172.00 |
Net P/L = (Current Payout1 + Current Payout2) – (Premium1 + Premium2) = $187 – $200 = -$13
Instruments Section
The top of the window contains tiles which display the information about available binary options. Clicking on tile displays a large chart in the main part of the window and enables trading controls at the bottom.
You can filter out the instruments by clicking the button in the Instruments control and selecting the desired instrument(s) in the dialog box:
The button displays the list of selected instruments, or “All” in case all available instruments are selected.
It is also possible to hide some expirations by unchecking the corresponding checkboxes at the top of the window:
Note: System will hide expiration choice, if it is not available on any of the displayed instruments.
Each instrument cell contains the following elements:
–Instrument name
–Payout value for active options; if the option trading hasn’t started yet, then Payout is not displayed:
–Current rate (bid) displayed using the Large Pips Shift Offset setting for the instrument, with large pips colored in red or green if the last price update decreased or increased the previous price, respectively
–Expiration Date/Time
–Time till expiration. If the option is not open for trading yet, the cell shows: Will open in [time]
–Current P/L – total P/L for all active bets for this option across all accounts. Shown in red if zero or negative, and in green if positive. Current P/L is calculated as a sum of all “current” payouts minus sum of all premiums. “Current” payout for each bet is taken depending on whether the bet is winning or losing. If no options are bought for the option, the P/L is not shown (hence when the option expires, Current P/L for it is reset to 0)
The list of the Binary Options can be scrolled horizontally by clicking the left/right arrow buttons at the edges of the list.
Chart section
The chart section displays the price chart for the selected instrument
•The left top of the chart displays the instrument name, rate used for trading and creating the chart (Bid, Ask or Middle – depends on the system configuration) and period (for candle charts).
•In the upper right corner of the chart you can find the buttons for selecting the chart view: tick, candle, with/without fill.
•Current rate is displayed on chart as a dot and highlighted on the rates scale
•White vertical line indicates the time when the trading opened for this particular bet (Start time).
•Yellow vertical line indicates the time when the bet expires (End time)
•Gray vertical line indicates the time before the expiration when bets can no longer be accepted
•The price chart is displayed for a selected option only when the trading is open. If trading is closed, the empty pane is shown with the following caption in the upper left corner: “This Binary Option will be available at [first contract start date/time]”.
•If there are active bets for a current option on any accounts, they are displayed as horizontal lines on chart: red for the “below” bets, and green for the “above” bets.
•At the point of bet creation there is a triangle pointing down (for “below” bets), or up (for “above”)
•Bet amount (Premium) is displayed at the opposite side of the triangle
•At the lower left corner below the chart you can see Current P/L for all currently active bets for the option across all accounts, which is the difference between all current (potential) payouts and paid premiums. When the option expires, Current P/L for it is reset to 0.
•At the lower right corner below the chart the option expiration date/time is displayed
Right-click menu on chart
Right-click menu allows to customize the chart view
•Tick Chart – chart created by ticks. This option is selected by default
•Candle Chart – chart created by candles. Chart period depends on the selected expiration:
–Intraday: 1min
–Daily: 30min
–Weekly: 4hrs
–Monthly: 1day
•Fill Chart – if this option is enabled, the area below the chart is filled with the chart color. Enabled by default
•Show Bet Amounts – if this option is enabled, the amount of each bet is displayed on the chart. Enabled by default
Below is the chart with Fill Chart and Show Bet Amounts options disabled:
Note: when the option expires, all bet information is erased from the chart, and the chart itself starts over from the left.
Bet placement Controls
Payout
Shows possible trader’s payout (in percent of the premium) if he/she wins. This is non-editable value which depends on the selected instrument and expiration date; recalculated with every tick.
Rate
Current price of the selected instrument (also named strike price). This could be Bid, Ask or Middle rate – depends on the system configuration. The chart header indicates which rate is used for trading (see above).
Rate is updated every tick.
Above and Below buttons
These buttons are used for selecting the type of binary option. Click Above if you expect that at the expiration date and time the bid rate of the instrument will be higher than the current rate. Click Below if you expect that at the expiration date and time the bid rate of the instrument will be lower than the current rate.
Amount
Bet premium in the system base currency. The trader’s payout directly depends on this parameter.
Maximum and minimum bet amount, as well as the increment for changing amount are regulated by the Administrator.
If you manually enter the value not compatible with the amount limitations, the field is highlighted in red. Hovering the mouse over it shows the following hint:
Possible trader’s payout in system base currency is displayed below the Amount field:
– The first value is a Winning Payout received in case the trader wins. This value is recalculated every tick based on the current payout and entered Amount
– The second value is a Consolation Payout received in case the trader loses
Note: Consolation may not be used for an instrument.In this case the second value will not be displayed.
Time left to trade
Time left for placing the bet is displayed in red above the Invest button. If the bet cannot be placed anymore (interval between Stop Trading and End time), the timer is displayed in grey, and shows the time until the actual expiration
Invest
Click the Invest button to place the bet. The button is active only when the following conditions are met:
–Valid Amount is entered
–Above or Below is selected
–Trading is open on instrument and binary option
–Stop Trading interval is not reached
–One individual account is selected
Note: If you have only one trading account, this account is selected automatically; otherwise, select the account that you want to trade from in the Account Information bar.
After clicking the Invest button confirmation message will pop-up with the binary bet details:
Click OK to confirm the bet – the placed bet will appear in the Active Bets window and will be marked on the chart as a red or green line.
You can check the box “Don’t show this message again” if you do not want to receive this confirmation every time when placing a bet.
You can enable/disable the confirmation message with the new checkbox “Buy Binary Option confirmation (Combined View)” in the Settings->Notifications and Messages:
Spread Binary Options window
Spread Binary Options provide two possible strikes for every instrument and expiration: Strike-up and Strike-down (above and below the current rate, respectively). When placing a bet of this BO type trader wins if at the expiration date/time the instrument rate is higher than the “strike-up” or lower than the “strike-down”. The spread between strikes increases the risk, but it also leads to a higher winning payout (up to 100%) compared to the High/Low BO.
The spread (difference between Strike-up and Strike-down) depend on time left till expiration and volatility of the instrument rate:
▪The more time left till expiration, the wider the spread
▪The higher the current volatility, the wider the spread
Normally, if the volatility remains unchanged, the spread narrows down as the time goes by.
The BO Bets window is divided into three sections:
–Instruments
–Chart
–Bet placement controls
The title of the BO Bets window contains the Net P/L value for all currently open bets (of all available types), calculated as a difference between sum of all premiums of the active bets, and the current payouts for these bets. The Net P/L is updated every second, taking into consideration whether the bets are currently winning or losing.
Example:
Two bets placed:
Bet# |
Instrument |
Premium |
Condition |
Payout |
Current rate |
Current payout |
1 |
EURUSD |
100 |
Put 1.29500 |
174.00/15.00 |
1.29512 |
15.00 |
2 |
USDJPY |
100 |
Call 94.301 |
172.00/15.00 |
94.353 |
172.00 |
Net P/L = (Current Payout1 + Current Payout2) – (Premium1 + Premium2) = $187 – $200 = -$13
Instruments Section
The top of the window contains tiles which display the information about available binary options. Clicking on tile displays a large chart in the main part of the window and enables trading controls at the bottom.
You can filter out the instruments by clicking the button in the Instruments control and selecting the desired instrument(s) in the dialog box:
The button displays the list of selected instruments, or “All” in case all available instruments are selected.
It is also possible to hide some expirations by unchecking the corresponding checkboxes at the top of the window:
Note: System will hide expiration choice, if it is not available on any of the displayed instruments.
Each instrument cell contains the following elements:
–Instrument name
–Payout value for active options (displayed as either percentage of the premium e.g. 100%, or a multiple of the premium e.g. x2.0). If the option trading hasn’t started yet, then Payout is not displayed:
–Current rate (depending on the System settings, it can be Bid, Ask or Middle). The rate is colored in red or green if the last price update decreased or increased the previous price, respectively
–Strike-up and Strike-down
–Expiration Date/Time
–Time till expiration. If the option is not open for trading yet, the cell shows: Will open in [time]
–Time progress bar – shows the elapsed time as a percentage of the entire option’s lifetime
–Current P/L – total P/L for all active bets for this option across all accounts. Shown in red if zero or negative, and in green if positive. Current P/L is calculated as a sum of all “current” payouts minus sum of all premiums. “Current” payout for each bet is taken depending on whether the bet is winning or losing. If no options are bought for the option, the P/L is not shown (hence when the option expires, Current P/L for it is reset to 0)
The list of the Binary Options can be scrolled horizontally by clicking the left/right arrow buttons at the edges of the list.
Chart section
The chart section displays the price chart for the selected instrument
•The left top of the chart displays the instrument name, rate used for trading and creating the chart (Bid, Ask or Middle – depends on the system configuration) and period (for candle charts).
•In the upper right corner of the chart you can find the buttons for selecting the chart view: tick, candle, with/without fill.
•Current rate is displayed on chart as a dot and highlighted on the rates scale
•White vertical line indicates the time when the trading opened for this particular bet (Start time).
•Yellow vertical line indicates the time when the bet expires (End time)
•Gray vertical line indicates the time before the expiration when bets can no longer be accepted
•The price chart is displayed for a selected option only when the trading is open. If trading is closed, the empty pane is shown with the following caption in the upper left corner: “This Binary Option will be available at [first contract start date/time]”.
•If there are active bets for a current option on any accounts, they are displayed as horizontal lines on chart: red for the “below” bets, and green for the “above” bets.
•At the point of bet creation there is a triangle pointing down (for “below” bets), or up (for “above”)
•Bet amount (Premium) is displayed at the opposite side of the triangle
•At the lower left corner below the chart you can see Current P/L for all currently active bets for the option across all accounts, which is the difference between all current (potential) payouts and paid premiums. When the option expires, Current P/L for it is reset to 0.
•At the lower right corner below the chart the option expiration date/time is displayed
•In addition, there are Above and Below buttons directly at the strikes levels, with the amount displayed on them. Clicking on one of the buttons sends a bet placement request for the corresponding direction and strike. The amount can be changed in the Trade Control section. When a bet is placed, the trader receives a confirmation dialog (see below)
Right-click menu on chart
Right-click menu allows to customize the chart view
•Tick Chart – chart created by ticks. This option is selected by default
•Candle Chart – chart created by candles. Chart period depends on the selected expiration:
–Intraday: 1min
–Daily: 30min
–Weekly: 4hrs
–Monthly: 1day
•Fill Chart – if this option is enabled, the area below the chart is filled with the chart color. Enabled by default
•Show Bet Amounts – if this option is enabled, the amount of each bet is displayed on the chart. Enabled by default
Below is the chart with Fill Chart and Show Bet Amounts options disabled:
Note: when the option expires, all bet information is erased from the chart, and the chart itself starts over from the left.
Bet placement Controls
Payout
Shows possible trader’s payout if he/she wins (displayed as either percentage of the premium e.g. 100%, or a multiple of the premium e.g. x2.0) is non-editable value which depends on the selected instrument and expiration date; recalculated with every tick.
Rate
Current price of the selected instrument (also named strike price). This could be Bid, Ask or Middle rate – depends on the system configuration. The chart header indicates which rate is used for trading (see above).
Rate is updated every tick.
Spread
Distance between the current rate and up- and down strikes (in pips, can be fractional)
Above and Below buttons
These buttons are used for selecting the type of binary option. Click Above if you expect that at the expiration date and time the instrument rate will be higher than the rate inscribed on the button. Click Below if you expect that at the expiration date and time the instrument rate will be lower than the rate inscribed on the button.
Amount
Bet premium in the system base currency. The value is replicated on the Above and Below buttons on the chart.The trader’s payout directly depends on this parameter.
Maximum and minimum bet amount, as well as the increment for changing amount are regulated by the Administrator.
If you manually enter the value not compatible with the amount limitations, the field is highlighted in red. Hovering the mouse over it shows the following hint:
Above and Below buttons on the chart are inactive (grayed out) in this case.
Possible trader’s payout in system base currency is displayed below the Amount field:
– The first value is a Winning Payout received in case the trader wins. This value is recalculated every tick based on the current payout and entered Amount
– The second value is a Consolation Payout received in case the trader loses
Note: Consolation may not be used for an instrument.In this case the second value will not be displayed.
Time left to trade
Time left for placing the bet is displayed above the Invest button. If the bet cannot be placed anymore (interval between Stop Trading and End time), the timer is displayed in grey, and shows the time until the actual expiration
Above and Below buttons on the chart are also inactive (grayed out) in this case.
Invest
Click the Invest button to place the bet. The button is active only when the following conditions are met:
–Valid Amount is entered
–Above or Below is selected
–Trading is open on instrument and binary option
–Stop Trading interval is not reached
–One individual account is selected
Note: If you have only one trading account, this account is selected automatically; otherwise, select the account that you want to trade from in the Account Information bar.
After clicking the Invest button confirmation message will pop-up with the binary bet details:
Click OK to confirm the bet – the placed bet will appear in the Active Bets window and will be marked on the chart as a red or green line.
You can check the box “Don’t show this message again” if you do not want to receive this confirmation every time when placing a bet.
Please note: If you disable the message, each click on the Above or Below button on the chart will place a bet.
You can enable/disable the confirmation message with the new checkbox “Buy Binary Option confirmation (Combined View)” in the Settings->Notifications and Messages:
Monitoring Active Bets
The Active Bets window displays currently active bets of all types that are awaiting their expiration date and time.
Account
Account number
Owner
Last name or login of the account money owner
Bet #
The unique number that every bet receives. This number is also used in reports.
Instrument
The name of the underlying instrument.
Creation
The creation date and time
Expiration
The expiration date and time
Type
Binary Option type (“Spread” or “High/Low”)
Premium
The bet premium (cost)
Condition
Displays the strike rate, and a triangle in front of it: a green triangle, pointing up, if the user placed the Call option, or a red triangle, pointing down, if the user placed a Put option.
Payout
The values which have been displayed in the Buy Binary option window: Winning payout and Minimum payout, separated by ‘/’.
Note: If consolation is not used for this instrument, the Minimum payout will not be displayed.
Pending bets (with yellow background)
If at the moment of bet expiration the price is not available in the system due to technical reasons, the system sends corresponding message to trader, and this bet remains in the Active Bets window highlighted in yellow.
This bet will expire only after the system retrieves the expiration price (price which had been sent from the external feed during the first minute after expiration time). Otherwise the bet will be automatically removed by the system, and the option’s premium will be refunded to the trader. In this case the system sends the following message to the trader: “The binary option #[option_id] has been removed from the system. The premium has been reimbursed to you. Please contact the broker for details”
Monitoring Expired Bets
The Expired Bets window displays the bets of all types that have already expired.
Account
Account number
Owner
Last name or login of the account money owner
Bet #
The unique number that every bet receives. This number is also used in reports.
Instrument
The name of the underlying instrument.
Creation
The creation date and time
Expiration
The expiration date and time
Type
Binary Option type (“Spread” or “High/Low”)
Premium
The bet premium (cost)
Condition
Displays the strike rate, and a triangle in front of it: a green triangle, pointing up, if the user placed the Call option, or a red triangle, pointing down, if the user placed a Put option.
Expiration Rate
The underlying instrument rate at the moment of the option’s expiration
Payout
The resulting payout.
This window can be accessed in the right-click menu of the Expired Bets window.
The Expired Bets Settings window provides you with several display settings: You can display expired bets for a specific account or for all accounts assigned to you. You can also specify a number of recent expired bets to show (default=30).
Types of Charts
Line Chart
A Line Chart draws a line from one closing price to the next closing price. The resulting chart shows the general price movement of a currency pair over a specified time period.
Below is an example of a line chart for USDCHF taken for a one-day time period:
A segment is green if the next closing price is higher than the previous closing price.
A segment is red if the next closing price is lower than the previous closing price.
Green and Red are the default settings; you can change them in Chart Settings: Colors section.
Bar Chart
A Bar Chart shows the opening and closing prices, as well as highest and lowest prices of the time period.
Below is an example of a bar chart taken for a one-day period:
A vertical bar indicates a specified time period, for example, 1 minute, 5 minutes, 15 minutes, 1 hour, etc.
You can specify the time period by selecting it from the Time Scale drop-down box on the Chart Toolbar:
You can also specify the number of bars to be displayed on a chart by entering the desired number into the Load Candles field in the Chart Settings dialog > Common > Chart Field section:
A vertical bar indicates the currency pair’s range as a whole for a specified time period.
High indicates the highest traded price of the specified time period.
Low indicates the lowest traded price of the specified time period.
Open indicates the opening price.
Close indicates the closing price.
A bar is blue if the closing price is higher than the opening price.
A bar is red if the closing price is lower than the opening price.
Blue and Red are the default settings; you can change them in Chart Settings: Colors section
Candlestick Chart
A Candlestick Chart shows the opening and closing prices, as well as highest and lowest prices of the time period.
Below is an example of a candlestick chart taken for a one-day period:
A candle indicates a specified time period, for example, 1 minute, 5 minutes, 15 minutes, 1 hour, etc.
You can specify the time period by selecting it from the Time Scale drop-down box on the Chart Toolbar:
You can also specify the number of candles to be displayed on a chart by entering the desired number into the Load Candles field in the Chart Settings dialog > Common > Chart Field section:
A candlestick chart shows the same information as a bar chart but in a different format. The Body of a candlestick indicates the range between the opening and closing prices.
The Shadows indicates the high-to-low range.
High indicates the highest traded price of the specified time period.
Low indicates the lowest traded price of the specified time period.
Open indicates the opening price.
Close indicates the closing price.
The Body of a candlestick is green if the closing price is higher than the opening price.
The Body of a candlestick is red if the closing price is lower than the opening price.
Green and Red are the default settings; you can change them in Chart Settings: Colors section.
Create New Chart
To open a chart window on your trading workspace, choose Charts on the Upper Panel Menu, and then choose New Chart.
You may also right-click on an instrument in the Dealing Rates window, Instruments window, Dealing Rates Table window or Individual Dealing Rate window, and select Open Chart.
Select the instrument and the time scale from the New Chart menu and press OK. (If you right-clicked on an instrument to reach the New Chart dialog, then that instrument will be pre-selected.
To search for instruments,enter one or more characters of the instrument name in the Find Instrument box and click the up/down arrows to toggle through the results.
A new chart window will appear.
Note: Maximum number of charts that can be open simultaneously in ActTrader is limited to 100. When you try to open an extra chart, the system will generate the following message:
This restriction does not affect charts in Binary Options Bets window.
Chart Toolbar
Click here to view a video overview of the chart toolbar.
1) Select Instrument |
Pull-down box that allows you to select the instrument in the chart. The instrument and interval settings are changed individually and independently of each other. As soon as one of these parameters is altered, the chart will refresh to reflect the change. |
2) Select Time Interval |
Pull-down box that allows you to select the time interval of the chart. The instrument and interval settings are changed individually and independently of each other. As soon as one of these parameters is altered, the chart will refresh to reflect the change. |
3) Zoom buttons |
These buttons allow you to zoom in, zoom out, and reset the zoom to the default chart display. |
4) Vertical Auto-Scale |
The Vertical Auto-Scale button determines whether the vertical scale of the chart will automatically change in order to fit in all vertical data, whenever the chart is scrolled or zoomed. |
5) Crosshair |
The crosshair tool turns the cursor into a crosshair, allowing you to pinpoint exact locations on the chart. The Measure tool offers a convenient way to quickly determine the distance and measurements between two points on a chart. To access this tool, click on the crosshair icon on the chart toolbar, and select Measure Crosshair from the list box: Point the center of the crosshair anywhere on the chart; press the left mouse button to set the start point of your measurement. Without letting go of the left mouse button, drag the cursor across the chart. A rectangle will be plotted from the start point to the current cursor location showing the outline of the measured chart area. At the same time you will see the following information to the right of the cursor, above the horizontal line: Distance in pips / Profit per lot /Distance in Bars /Time difference between the start point and the current cursor location. This information changes continuously as you move the cursor:
Calculation of distance between point A and point B: Distance in pips = |<Price B> – <Price A>|[in pips] Distance in bars = | <Bar number of B> – <Bar number of A>| Distance in time = | <Time of B> – <Time of A>| Profit per lot = <Distance in pips> * Pip value The location of the text will change for a better view if the crosshair moves too close to the outside of the chart: When you release the left mouse button, the rectangle and the text label will disappear.
The Details window displays candles and indicators parameters at the current mouse pointer location. This window can be shown/hidden by pressing “i” key or can be briefly displayed while “Tab” key is being pressed. To see pop-up hint (showing details/values) hover mouse over an indicator or a candle
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6) Indicator Setup |
Opens the indicator setup menu, where you can configure the indicators appearing in the chart. |
8) Print Chart |
Prints the chart |
9) Save and Export chart data |
This feature lets you export data from the current chart in the form of a table. After you click the save icon, a dialog will appear, allowing you to customize the exported data:
You can select which of the 6 columns you wish to include in the table (Date, Time, Open, High, Low, Close). You can also choose to export all available time data or specify a specific time interval. When you are satisfied with the column and interval settings, click Next.
On the following screen, you can choose the file format, file name, and save location. The following export formats are available: •Microsoft Excel Spreadsheet (*.xls) •Web Pate (*.html) •XML Document (*.xml) •Plain Text (*.txt)
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10) Open Chart Table |
This button will open the chart in the form of a table:
The Chart Table is a tabular representation of a chart. It contains 5 columns:
Time The time of the chart update
Open Open price
High High price
Low Low price
Close Close price
Updating The Chart Table updates in real time. The frequency of updates depends on the interval setting.
Instrument and Interval Just like in a graphical chart window, the instrument and time interval may be selected from the pull-down menus at the top of the window.
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11) Save Current Chart as Picture |
This button allows you to save a chart as an image. Only part of the chart visible on a chart window will be saved to a file. |
12) Save Current Chart |
This button allows you to save current chart. |
13) Drawing Tools |
This is a pull-down menu allowing you to choose from several drawing tools: Drawing tools can be used on the chart and on indicators appearing below the chart. |
14) Show Linked Objects |
Allows you to display linked objects |
15) Delete Object(s) |
This button allows you to remove a selected object, or all objects, from the chart. |
16) Show/Hide Positions, Orders, Price Alerts |
This button allows you to show/hide Open and Closed Positions, Orders, and Price Alerts on the chart. You can click on the arrow next to the button to hide/show these items separately. |
17) Chart Type |
Allows you to select the type of the chart: candlestick, bar, or line. |
18) Chart Settings |
Opens the chart settings menu. |
19) Create Visual Strategy |
Allows to create visual strategy |
Positioning the toolbar:
To move the toolbar, move the mouse toward the left edge of the toolbar, when the cursor turns into a crosshair, you can click and move the toolbar.
Trading From Charts
Click here to view video tutorials on trading from charts.
You can place, modify, and remove market orders, conditional orders, and price alerts directly from a chart window.
Trading from the right-click menu:
Placing a Market Order at the current rate
From the chart toolbar:
To buy or sell the instrument at the current price, click the buy or sell button in the chart toolbar. This will open the New Position dialog.
From the chart right-click menu:
Right-click somewhere on the body of the chart, and then select one of the following options:
Buy [GPBUSD] at 1.7049
This option is to buy the current instrument at the current market rate (regardless of the rate near which the mouse was clicked). It will open the New Position dialog.
Sell [GPBUSD] at 1.7048
This option is to sell the current instrument at the current market rate (regardless of the rate near which the mouse was clicked). It will open the New Position dialog.
Placing an Entry Order
To place an entry order, right-click on the body of the chart at the desired rate for the order, and then select one of the following options:
Entry Order BUY at 1.7080
This option is to place a BUY entry order at the rate where the mouse was clicked. It will open the Entry Order dialog, where you can fine-tune the order parameters, if necessary.
Entry Order SELL at 1.7080
This option is to place a SELL entry order at the rate where the mouse was clicked. It will open the Entry Order dialog where you can fine-tune the order parameters, if necessary.
Creating a Price Alert
To place a price alert, right-click on the body of the chart at the desired rate for the price alert, and then select the following option:
Place Alert at 1.7080
This option is to place a price alert at the rate where the mouse was clicked. It will open the Set Price Alert dialog where you can fine-tune the price alert parameters, if necessary.
Displaying and modifying orders, positions, and price alerts
The display of orders, positions, and price alerts is optional. There are 2 ways to activate/deactivate this feature:
In chart settings
1.Right-click on the chart and select Chart Settings, or just click the chart settings icon on the toolbar ().
2.In the Common settings, check the relevant boxes for the items (orders, positions, price alerts) you wish to display.
From the chart toolbar
1.Click on the icon on the chart toolbar to show/hide all orders, positions, and price alerts.
2.Click on the arrow next to the icon to show/hide the different items separately.
General display information
Open positions, orders, and price alerts are represented as horizontal lines in the chart. Each has its own triangle marker. The triangles allow the user to review and modify positions, orders, and price alerts.
Upward triangles indicate a BUY direction for the position/order/alert. Downward triangles
indicate a SELL direction for the position/order/alert.
Note: The triangle colors displayed and referred to here are system defaults. Triangle color settings can be changed in the chart menu.
Open Positions
Open positions are marked by a horizontal green line with a green triangle at the rate where the position was opened. The moment the position was opened is marked by a green dot. The line to the right of the dot is solid; the line to the left of the dot is dotted. An upward triangle indicates a buy position; a downward triangle indicates a sell position. The number inside the triangle is the number of lots in the position. Triangles representing positions with a negative P/L have a red border.
View position Information: Hover the cursor over the position triangle to view information about the position, including: Ticket number, number of lots, buy/sell, open rate, open date, profit/loss, and any stop/limit orders on the position.
Quickly find position in Open Positions window: When you double-click on a position triangle, that position record will be highlighted in the Open Positions window. Also, if there is a stop and/or limit order on the position displayed on the chart, its triangle marker will flash 3 times when the position is double-clicked.
Place a Stop/Limit/Trailing Stop:
1)By right-click menu: Right-click on the position triangle and then select Stop, Limit, or Trailing Stop from the menu. A dialog will appear, allowing you to set the parameters for the order.
2)By dragging: Another way to place a Stop or Limit order on the position is by dragging the position up or down to the desired order rate. To drag the triangle vertically, hold down the CTRL key and drag the position triangle up/down. You will see a faint dotted line representing a conditional order, with a translucent triangle pointing in the opposite direction from the position. Drag this line to the desired rate for the stop/limit order, and release the mouse button. A Stop/Limit order dialog will appear, allowing you to set the parameters for the order.
Note: Whether the order will be a stop or limit depends on the rate at which the mouse button is released. For example: You have a buy position that is below the current rate. If you release the mouse button below the current rate, you will create a stop order. If you release the mouse button above the current rate, you will create a limit order.
In the event that you drag the position to create an order, and an order of that type already exist for this position, the following message will be displayed:
Clicking Yes will allow you to modify the order. Clicking No will cancel the operation.
Close/Hedge Position: To close or hedge the position, right-click on the position triangle, and select the appropriate command.
Reverse position: This option allows closing the selected position and opening a new position in the opposite direction for the same number of lots.
Lock In Profit: This option allows closing the selected position and opening a new position in the same direction for the same number of lots.
Dragging horizontally: You may left-click on the triangle and drag it along the position line to prevent it from obstructing your view of the chart.
Conditional Orders
Entry orders are marked with a pink line and triangle marker. Stop/limit orders are marked with an orange line and triangle marker. The point of order creation is marked with a dot. The line to the left of the dot is perforated; the line to the right of the dot is solid. An upward triangle indicates a buy order; a downward triangle indicates a sell order.
View conditional order information: Hover the cursor over the order triangle to view information about the order, including: Order number, number of lots, buy/sell, order rate, and date of order creation. The hint for S/L orders also includes the number of the parent position.
Quickly find order in Orders window: When you double click on an order triangle, that order record will be highlighted in the Orders window. In addition, double-clicking on an S/L order will make the parent position triangle flash 3 times.
Preset a Stop/Limit/Trailing Stop on an Entry order: Right-click on an entry order triangle, and then select Stop, Limit, or Trailing Stop from the menu.
Modify a conditional order:
1)By right-click: Right-click on the order triangle and select Modify Order from the menu. A dialog will appear, allowing you to set the parameters for the order.
Entry order:
S/L order:
2)By dragging: Another way to modify a conditional order is by dragging the order triangle up or down to a new rate. To drag the order triangle vertically, hold down the CTRL key and drag the triangle up/down. You will see a translucent outline of the order record, while the original order record remains in place. Drag the order to the desired rate, and release the mouse button. An order modification dialog will appear.
Note: When dragging an existing S/L order vertically, you will not be able to drag the order to a rate that is disallowed by the current rate/condition distance setting.
Remove a conditional order: Right-click on the order triangle, and then select Remove Order from the menu.
Dragging horizontally: You may left-click on the order triangle and drag it along the order line to prevent it from obstructing your view of the chart.
Market (I and C) orders
Orders to open a position (I orders) that have not been confirmed by the dealer are marked as a translucent open position triangle.
Orders to close a position (C orders) are shown as a translucent open position triangle attached to the triangle of the position that is to be closed, and pointing in the opposite direction.
Market order information: Hover the cursor over the I or C order to view information about the order, including: Order number, number of lots, buy/sell, order rate, and the date/time of order creation.
Quickly find order in Orders window: When you double click on an I or C order triangle, that order’s record will be highlighted in the Orders window.
Remove market order: Right-click on the I or C order triangle, and then select Remove Order from the menu.
Dragging horizontally: You may left-click on the I or C order triangle and drag it along the order line to prevent it from obstructing your view of the chart. Since C order triangles are attached to the parent position triangle, dragging the C order triangle will drag the parent position triangle as well.
Dragging vertically: I and C order triangles cannot be dragged vertically.
Price Alerts
Price alerts are marked with a black dotted line and a gray triangle marker. An upward triangle indicates an alert for a sell rate; a downward triangle indicates an alert for a buy rate.
Price alert information: Hover the cursor over the price alert triangle to view information about the alert, including: Buy/Sell, rate.
Quickly find price alert in Price Alerts window: When you double click on a price alert triangle, that price alert record will be highlighted in the Price Alerts window.
Edit price alert:
1)By right-click: Right-click on the price alert triangle and then select Edit Alert from the menu.
2)By dragging: Another way to modify a price alert is by dragging the price alert triangle up or down to a new rate. To drag the alert triangle vertically, hold down the CTRL key and drag the triangle up/down. You will see a translucent outline of the alert record, while the original alert record remains in place. Drag the alert to the desired rate, and release the mouse button. A price alert modification dialog will appear.
Dragging horizontally: You may left-click on the price alert triangle and drag it along its line in order to prevent it from obstructing your view of the chart.
Saving Charts and Chart Templates
Saving a chart means that all the graphical objects, chart settings (common and color), indicators, instrument and interval are saved under a specified name, and may later be accessed and used.
Saving the chart template means saving the chart settings (common and color) and indicators, so that these parameters may be quickly applied to another chart, without having to set them manually.
Saved charts and templates are not part of user profiles. You can access them only if you created them, even if you log into the application from another computer.
Saving a chart
There are two ways to save a chart:
•Clicking the Save Current Chart button on the chart toolbar or
•Selecting the Save Current Chart option from the right-click menu of the chart
After you select this option, the Save Chart As dialog box, where you can enter a new name of the chart or choose one of the existing names (names of the previously saved charts) from the drop-down box will appear:
•If you try to save a chart that has not been saved before, the dialog box will open with an empty name field.
•If the chart has been saved before, the value in the name field will be preselected.
•If you select the name of the previously saved chart, the saved chart will be replaced with the current one.
Click OK to save the chart with all its properties, indicators, and manually plotted objects.
You can open a previously saved chart by clicking the Saved Charts button in the Charts tab:
The Manage Saved Charts window with a list of all saved charts will appear:
Select a chart and click Open to open the window of the selected chart. Click Rename to open a dialog box where you can change the name of the selected chart. Click Delete button to delete the chart. The following message will be displayed:
Click OK to confirm or Cancel to discard the deletion of the saved chart.
Saving a Chart as a Picture
There are two ways to save a chart as an image:
•Clicking the Save Current Chart As Picture button on the chart toolbar or
•Selecting the Save Current Chart As Picture option from the right-click menu of the chart
Only part of the chart visible on a chart window will be saved to a file.
See below the image that saved to the file:
Creating a Chart Template
When you select Save Current As Template option, all the settings of the current chart will be saved (with the indicators applied).
Note: If you try to save a template without any indicators applied to the chart, the warning message will be displayed:
Click Yes to save the template without indicators. The Save Template As dialog box will appear:
You can enter a new name or select the name of a previously created template from the drop-down box. Click OK, and a new template will be created (or the existing one will be modified).
If you try to save an existing template, the Save Template As dialog box will appear with this template name preselected.
Note: When you save a template, the only chart settings that are saved are those which differ from the default chart settings (the settings adjusted in the Set Defaults window that are applied to all new charts). If a common or color setting value in the template coincides with a common or color setting value in the Set Defaults window, and then this value is changed in the Set Defaults window, the value in the template is changed correspondingly.
To view the previously saved template, click the Templates button in the Charts tab:
The Manage Templates window will appear with the list of all the previously created templates:
In this window, you can change the name of the selected template (by clicking the Rename button) or delete the created template (by clicking the Delete button). When you try to delete a template, the following message will be displayed:
Click OK to confirm or Cancel to discard the deletion of the template.
Applying a Template
There are three ways to apply a template to a chart:
•Clicking the Apply Template button on the chart toolbar and selecting one of the available templates:
•Selecting Apply Template in the context menu on the chart and choosing one of the available templates:
•Choosing a template in the Apply Template column in the New Chart dialog box:
None of the templates created by you is selected by default. If you do not select any template, the new chart will have the default settings. Click on a template once to select it; click on it again to deselect it.
When a template is applied to a chart, this chart changes immediately (or opens) according to the settings of the selected template.
Chart Sidebar
Click here to view a video tutorial on the chart sidebar.
The chart sidebar contains the triangle markers for orders, positions, and price alerts whose rates are outside of the rate range currently displayed in the chart. The sidebar is marked by a icon.
The sidebar is invisible unless the user has chosen to display orders, positions, and/or price alerts in the chart; once the display feature is enabled, the sidebar will appear automatically. (The user can choose to display these items in the Chart Settings or by using the icon on the chart toolbar.) The sidebar only displays the items that the user has selected to show in the chart. If the user turns off the display feature altogether, the sidebar will disappear automatically.
Functionality
In most respects, a triangle marker in the sidebar has the same functionality as a triangle marker on the chart body. The user can hover the cursor over it to read the mouse-over hint; the user can right-click on it to access various functionalities; the user can double click on it to highlight that record in the relevant window. However, the user cannot drag a triangle that is displayed in the sidebar.
Position divider
The sidebar features a divider that serves as an indicator of the rates of the items listed in the sidebar relative to the current chart view. All triangles above the divider represent records whose rates are higher than the currently displayed rate range (meaning that they are located above the current chart view). Triangles below the divider represent records whose rates are lower than the currently displayed rate range (placing them below the current chart view).
Positioning the sidebar
The sidebar can be extracted from the chart window and dragged in the same way as the chart toolbar. The sidebar can also be snapped into the chart window horizontally. It is recommended that the sidebar remain vertical, however, as that makes it more clear which triangles are above the chart view, and which are below.
Manipulating the Chart View
Click here to view a video tutorial on manipulating the chart view.
Scrolling and Dragging Charts
There are 2 modes of horizontal scrolling: one in which the vertical scale adjusts automatically to fit all chart data, and one in which the vertical scale remains the same. It is also possible to scroll the chart horizontally and/or vertically by clicking and dragging the body of the chart.
1.Two horizontal scrolling modes
The default scrolling mode is called Vertical Auto-Scale. In this mode, the vertical scale of the chart will automatically change in order to fit in all vertical data, whenever the chart is scrolled or zoomed. Vertical Auto-Scale is enabled when the button on the chart toolbar is pressed down. When Vertical Auto-Scale is disabled (the
button is pressed again), the vertical scale remains fixed regardless of scrolling/zooming (unless, of course, the user changes the scale manually). This means that some or even all bars may end up outside the chart window when scrolling.
Note: There is a horizontal scroll bar but no vertical scroll bar. This means that the only way to scroll vertically is by clicking and dragging the chart body.
2.Ability to click and drag chart body
It is also possible to scroll the chart horizontally and/or vertically by clicking and dragging the body of the chart. Move the cursor over the chart body. The cursor will turn into a hand (unless the cursor is hovering over a position/order/price alert triangle). Click and hold the mouse button and move the mouse to scroll the chart. If the Vertical Auto-Scale is enabled, you will only be able to drag the chart horizontally. If Vertical Auto-Scale is disabled, you will be able to drag the chart in any direction.
Adjusting Chart Scales
It is possible to individually adjust the vertical and horizontal scales of charts using the mouse.
1.Adjusting the horizontal scale
To adjust the chart’s horizontal scale, hover the mouse cursor over the scale markers. The cursor will turn into a symbol. Hold down the mouse button and drag horizontally to adjust the scale. Dragging to the right will zoom in on the scale; dragging to the left will zoom out from the scale.
2.Adjusting the vertical scale
You cannot adjust the vertical scale if the Vertical Auto-Scale mode is engaged. The Vertical Auto Scale mode is toggled on/off by the button on the chart toolbar. Once the Vertical Auto-Scale mode is disabled, move the mouse cursor over the vertical scale markers. The cursor will turn into a
symbol. Hold down the mouse button and drag vertically to adjust the scale. Dragging up will zoom in on the scale; dragging down will zoom out from the scale.
Technical Indicators
To apply an indicator, click the f(x) button on the chart toolbar, or select Setup Indicators from the chart right-click menu.
In the Chart Indicators window, you can select indicators from the general indicators list in the left section of the window, and add them to the Active Indicators box by double-click or using the > button. Active indicators will appear on your chart. The right section of the window allows you to configure individual indicators.
You can search for an indicator by typing its name (or part of it) into the search box at the bottom of the window.
System indicators are divided into following sections:
J. Welles Wilder
Average Directional Movement
Average Directional Movement (ADX) is an indicator used to determine the strength of the current trend. This indicator is a derivation of two different Direction Momentum Indicators (DI). The difference between ADX and DI is that the latter is used to trace the direction of the trend, while ADX measures the strength of the trend.
ADX is mostly used on trending markets and is measured on a scale from 0 to 100. When the indicator is below 20 it means that the trend is weak and is probably changing direction. When it is above 40, the trend can be treated as a strong one with a possibility of future change. The ADX is frequently used in conjunction with DI in making trading decisions.
Methods of use:
1.When +DI (blue) is above -DI (red), it is a signal to buy.
2.When +DI (blue) is below -DI (red), it is a signal to sell.
Note: ADX measures the strength of the trend but not its direction. Wait until DI cross each other before making any trading decisions.
Average True Range
Average True Range (ATR) is an indicator that measures the volatility of the market. It is usually a 14-day Moving Average of the True Range. True Range (TR) in its turn is defined as the largest difference of today’s high and today’s low, today’s high and yesterday’s close and today’s low and yesterday’s close. The larger the TR, the greater the volatility of the instrument; the lower the TR, the lower the volatility.
Methods of use:
1.The value of this indicator is usually high when prices change sharply.
2. If the value of this indicator is not high, the prices stay stable.
3. Before a significant rise/fall in prices, the value of this indicator is usually low/high.
Note: Since ATR shows volatility as an absolute level, low price instruments have lower ATR levels than high price instruments.
Parabolic SAR
Parabolic SAR (stop-and-reversal) is an indicator used for analyzing trending markets. It has much in common with MA, but, unlike MA, Parabolic SAR moves with higher acceleration and may change its position in terms of the price. This is an ideal indicator for providing exit points.
Parabolic SAR is mostly used on the trending markets for the creation of closing orders and trailing stop orders. It is also used for defining the trend: if the parabola goes below the price line, the market is bullish; if the parabola goes above the price line, the market is bearish.
Methods of use:
1.Long positions should be closed when the price falls below the SAR line.
2.Short positions should be closed when the price rises higher than the SAR line.
3.Each point of SAR defines the level of stop-order for the current & not the following trading period (day, hour, etc.).
Note: This indicator is valid only for the trending markets; it is not useful in sideways phases.
Relative Strength Index
Relative Strength Index (RSI) – a price-following oscillator that ranges between 0 and 100. There are 3 distinct zones in the chart of this indicator: the upper (overbought) zone ranges from 70 to 100; the lower (oversold) zone ranges from 0 to 30; the middle zone ranges from 30 to 70.
RSI is mostly used in day trading to determine the state of the market – whether it is oversold, overbought, or stable. If the RSI tops out in the upper zone (overbought, > 70) and then returns to the middle zone, the price would move in the same direction. If the RSI bottoms out in the lower zone (oversold, < 30) and then returns to the middle zone, the price would move in the same direction.
Method of use:
overbought zone, the price is expected
1.When the RSI peaks in the to follow it; this is a signal to sell.
1.When the RSI peaks in the oversold zone, the price is expected to follow it; this is a signal to buy.
2.Divergence: when the price reaches a new minimum/maximum but is not confirmed by a new minimum/maximum on the RSI chart, the price correction takes place in favor of the direction of RSI.
Note: On the RSI chart, levels of support/resistance and reversal patterns are sometimes visible more distinctly than on the price chart.
Stochastic RSI
Stochastic RSI represents a combination of two frequently used indicators: Stochastic and Relative Strenght Index. All in all, this is the Stochastic indicator of the RSI indicator. Stochastic RSI is similar to the regular Stochastic, but calculated based on the RSI values, instead of the price values.
Stochastic RSI concists of two lines: the main line is called %K (green), and its Moving Average is called %D (navy).
Methods of use:
1.When one of the lines of the Stochastic RSI falls below 20% and then rises above that level (A) or when the %K line rises above the %D line (B), it is a signal to buy.
2.When one of the lines of the Stochastic RSI rises above 80% and then falls below that level (C) or sell when the %K line falls below the %D line (D), it is a signal to sell.
3.Divergence: if rates produce a series of new minimum/maximum and the oscillator does not, then some rate correction is possible in the direction of the oscillator’s movement.
Moving Average
Alligator
Alligator is an indicator that consists of three Moving Averages with different numbers of bars for smoothed MA. The blue line (Alligator jaw) is a Balance Line for the timeframe that was used to build the chart (13 bar smoothed average offset by 8 bars). The red line (Alligator teeth) is also a Balance Line, but a level lower than the blue one (8 bar smoothed average offset by 5 bars). The green line (Alligator lips) is also a Balance Line, a level lower than the red one (5 bar smoothed average offset by 3 bars).
The Alligator is mostly used to determine the presence/absence of the trend and its direction. It can also be used together with Eliot waves: if the price is outside the Alligator’s mouth, an impulse wave is being formed; if it is inside the Alligator’s mouth, a correcting line is being formed.
Methods of use:
1.When the blue, red, and green lines are crossed or intertwined, there is a flat market; the Alligator is sleeping. The longer this period, the more the market will move after.
2.When all three lines are not crossed or intertwined and the price is above the Alligator’s mouth, there is an uptrend in the market. At this period the Alligator is awake and hunting.
3.When all three lines are not crossed or intertwined and the price is under the Alligator’s mouth, there is a downtrend in the market. At this period the Alligator is also awake and hunting.
4.When the lines are crossed or intertwined, it means that the market is flat again. At this period the Alligator is full and it is time to fix the profit.
Dual Moving Averages
Dual Moving Averages is an indicator consisting of two moving averages with different periods. Their crossovers are used as trading signals. The MA with the longer period determines the overall trend. The MA with the shorter period is used for generating buy or sell signals. You can specify the type of average for each line (Simple, Exponential, Weighted).
Methods of use:
1.When the shorter MA rises above the longer MA, it is a signal to buy.
2.When the shorter MA falls below the longer MA, it is a signal to sell.
Perry Kaufman’s Adaptive MA
The definite advantage of Perry Kaufman’s Adaptive Moving Average is its capability to respond to the market conditions changes. Unlike the other types of Moving Averages, Adaptive MA does not use a fixed Period value, but adjusts it depending on the price volatility.
Developed by Perry Kaufman, this indicator is a variation of the Exponential Moving Average. The smoothing constant ranges from a minimum of Fast Period to a maximum of Slow Period, depending of the nature of the price graph.
By adjusting the smoothing constant, the indicator adapts itself to the market volatility. It moves slower in the sideways market and faster in the trending market. Thus, the Adaptive MA helps to distinguish the trend right after it is formed, and does not give false signals on minor price moves.
Methods of use:
1.When the instrument price rises above the Perry Kaufman’s Adaptive MA, it is a signal to buy.
2.When the price falls below the Perry Kaufman’s Adaptive MA, it is a signal to sell.
3.The direction of the Perry Kaufman’s Adaptive MA gives an idea of whether there is a bearish or bullish trend on the market.
Moving Average
Moving Average (MA) is an indicator that shows the average price within a defined time period. There are four types of Moving Averages: Simple MA, Exponential MA, Smoothed MA, and Weighted MA. They differ from each other only in terms of the weight coefficients that are assigned to the latest data.
Moving averages are mostly used to define areas of support and resistance, to emphasize the direction of a trend, and to smooth out price and volume fluctuations. The direction of the indicator shows whether a bullish or bearish trend is present in the market at the moment. The intersection of the indicator and the price chart confirms the change in a trend. It is only a confirmation because the change of this indicator is late in comparison with a price change.
Methods of use:
1.When the instrument price rises above its MA, it is a signal to buy.
2.When the price falls below its MA it is a signal to sell.
3.The direction of MA gives an idea of whether there is a bearish or bullish trend on the market.
T3 Tilson
T3 Tilson is a variation of Moving Average, developed by Tim Tilson. It is smoother and less lagging than most types of moving averages.
As a Moving Average, T3 Tilson is used to define the areas of support and resistance, to emphasize the direction of the trend, and to smooth out price and volume fluctuations. The direction of the indicator shows whether a bullish or bearish trend is present in the market at the moment. The intersection of the indicator and the price chart confirms the change of the trend.
Methods of use:
1.When the instrument price rises above theT3 Tilson, it is a signal to buy.
2.When the price falls below the T3 Tilson, it is a signal to sell.
3.The direction of the T3 Tilson gives an idea of whether there is a bearish or bullish trend on the market.
Oscillators
Accelerator Decelerator
Accelerator/Decelerator (AC) is an oscillator that measures activation or deactivation of the driving force on the market. It changes its direction before any changes in the direction of the price take place. This oscillator has much in common with Awesome Oscillator, but unlike AO, the crossing of the zero line is not a buy/sell signal.
Accelerator/Decelerator is mostly used to predict the change of the driving force on the market. When AC is at the zero line it means that the driving force is at balance with the acceleration. When AC crosses the zero line and goes up or down the only thing that should be traced is the change of the color of the bars.
Methods of use:
1.When the chart is above the zero line and there are two green bars, it is a signal to buy.
2.When the chart is below the zero line and there are two red bars, it is a signal to sell.
Aroon
Aroon Oscillator is a trend-following indicator that illustrates the strength of the current trend and the trend’s potential to last.
The Aroon Oscillator can be constructed by subtracting Aroon Down from Aroon Up.
Aroon Oscillator = Aroon Up — Aroon Down.
Aroon Up = ((total number of periods — number of periods since highest close) / total number of periods) x 100
Aroon Down = ((total number of periods — number of periods since lowest close) / total number of periods)) x 100
Since Aroon Up and Aroon Down oscillate between 0 and +100, the Aroon Oscillator will oscillate between -100 and +100 with zero as the center crossover line.
Methods of use:
1. A positive value of the Aroon Oscillator indicates an uptrend; a negative value indicates a downtrend.
2. The higher the absolute value of Aroon Oscillator, the stronger the trend.
Note: When values are near the zero line, the trend is unclear.
Awesome Oscillator
Awesome Oscillator (AO) is a 34-period simple Moving Average, plotted through the middle points of the bars (H+L)/2, which is subtracted from the 5-period simple Moving Average, built across the central points of the bars (H+L)/2. AO shows the state of the market driving force at present.
Awesome Oscillator is mostly used when the trend cannot be clearly traced. AO has three main signals: the saucer (reversed saucer), crossing of the zero line and two pikes. The saucer is a chart consisting of three candlesticks where the second (red) is lower than the first and the third (green) is higher than the second. Crossing of the zero line takes place when the chart passes from negative to positive values and vice versa.. Two pikes is a chart where there is a peak followed by another peak that is higher/lower than the first one. Both peaks should be above or below the zero line.
Methods of use:
1.When the saucer signal is formed above the zero line or when crossing of the zero line is from the negative into the positive side or when the two pikes are formed below the zero line, it is a signal to buy.
2.When the saucer signal is formed below the zero line or when crossing of the zero line is from the positive into the negative side or when the two pikes are formed above the zero line, it is a signal to sell.
Commodity Channel Index
Commodity Channel Index (CCI) is an oscillator that provides an indication of overbought or oversold markets. An instrument is deemed oversold when CCI goes below -100 and overbought when it exceeds +100. CCI measures the relationship between the asset’s price, Moving Average, and deviations from the average.
CCI is mostly used to determine cyclical trends in commodity, equity and currency markets.
It identifies potential peaks and valleys of the asset’s price and shows estimated changes in the direction of the asset’s price movement.
Methods of use:
1.Moves of CCI: When the CCI moves back above -100, it can be treated as a signal to buy. When the CCI moves back below +100, it can be treated as a signal to sell.
2.Divergence (when an indicator is trending in the opposite direction to the price): A positive divergence below -100 increases the strength of a signal based on a move back above -100. A negative divergence above +100 would increase the strength of a signal based on a move back below +100.
3.Indicators: An advance above -100 and trend line breakout show that an instrument is oversold and the trend can be treated as bullish. A decline below +100 and a trend line break show that a security is overbought and the trend can be treated as bearish.
DeMarker
DeMarker (Demarker, De Marker, DeM) is an indicator that identifies price exhaustion, as well as potential price minimums and maximums. This indicator fluctuates between 0 and 1 and compares the most recent price action to the previous period’s price to measure the existing demand of the underlying asset.
DeMarker is used to identify risk levels prior to opening a position. In most cases, when an asset’s price goes above 0.6, the volatility and risk are lower, while a reading below 0.4 can be treated as a sign of increasing risk. Furthermore, use of this indicator over long periods of time (weeks, months) allows an opportunity to trace the long term market tendency.
Methods of use:
1.When the indicator falls below 0.3, a bullish price reversal is to be expected.
2.When the indicator rises above 0.7, a bearish price reversal is to be expected.
Gator
Gator, an oscillator based on the Alligator indicator, demonstrates the degree of divergence/convergence of smoothed Moving Averages.
This oscillator is indicated in the form of two bar charts, one on either side of the zero line. The top bar chart shows the distance between the red and blue lines. The bottom bar chart shows the distance between the red and green lines. The bars of the chart are red and blue: the bar becomes red when its value is lower than the previous one and green when its value is higher than the previous one.
Gator Oscillator helps to visualize and determine the presence or absence of a trend at the given period of time. It also helps to visualize periods of rapprochement and crossing of the smoothed Moving Averages (balance lines).
Kairi
Kairi indicator calculates deviation of the current price from its simple average as a percent of moving average. It can be used either as a trend indicator or as an overbought/oversold signal.
Kairi Indicator is often used together with other moving averages in a trading system. It can be used to take advantage of an overextended trending market. For instance, in an upwardly trending market when the price rises to more than 10% above the simple moving average, the instrument could be sold. When the price approaches the simple moving average, then the asset could be repurchased.
Methods of use:
1. When the percent is high and positive, it is a signal to sell.
2. When the percent is high and negative, it is a signal to buy.
Moving Average Convergence/Divergence
Moving Average Convergence/Divergence (MACD) is an indicator that follows the trend. It consists of a 12-period Exponential Moving Average (EMA, green), a 26-period Exponential Moving Average (navy), and a bar chart (red) that shows the difference between them. MACD is used when prices vary in the price corridor.
MACD is mainly used to identify three things: crossovers, overbought/oversold conditions, and divergences. Crossovers happen when the MACD falls below the signal line, which is a bearish signal (signal to sell). Conversely, when the MACD goes over the signal line, it is a bullish signal, (signal to buy). Overbought/oversold conditions happen when MA dramatically falls/rises from a longer Moving Average, which is a signal that the price is overextending and will soon return to more realistic levels. Divergence takes place when the price diverges from the MACD, which is a signal of the end of the current trend.
Methods of use:
1.When MACD is lower than the signal line, it is a signal to sell.
2.When MACD is higher than the signal line, it is a signal to buy.
3.MACD crossings over the zero line in either direction are used as signals to buy/sell.
Note: It is advisable to wait for a confirmed cross over the signal line before entering into a position. This helps to avoid entering into a position too early.
Momentum
Momentum is an indicator/oscillator that measures the rate of change in currency prices. It evaluates the difference between today’s closing price and the closing price n days ago. Usually a 10-days period is used for the calculation of this indicator. In this case momentum is calculated by taking the current closing price, subtracting the price 10 days ago, and plotting the results around the zero line. The results plotted can be negative when the current price is lower than oldest price or positive when the current price is greater than the oldest price.
Like MACD, Momentum also can be used as a trend-following indicator. A signal to buy occurs when the indicator reaches the bottom of a downward curve and then begins to grow; a signal to sell occurs when the indicator reaches the top of an upward curve and then begins to decline. As a forerunning indicator it can be used when the proximity of the market to top/bottom is accompanied by the drastic surge of the indicator, following by a decline in the value of the indicator while the rates continue to rise/fall or move horizontally. In such a case divergence takes place.
Methods of use:
1.When the indicator reaches the bottom of a downward curve and begins to grow, it is a signal to buy.
2.When the indicator reaches the top of an upward curve, it is a signal to sell.
RAVI
Range Action Verification Index (RAVI) indicator, developed by Tushar Chande, can be used to identify whether the market is trending. It calculates the percentage difference between current prices and older prices. Current prices are represented by a Short SMA, and the longer time frame by a Long SMA. Tushar Chande recommends the following information lines for the indicator: plus-minus 0.3% or 0.1% (depending on the market).
Methods of use:
1. The uptrend began if the indicator crosses the upper information line (0.3%) from the bottom-up.
2. The downtrend began if the indicator crosses the lower information line (0.1%) from top-downward.
3. The trend is considered as continuing as long as the RAVI line grows.
4. The down trend is considered as continuing as long as the RAVI line falls.
5. If the indicator turns back to the zero line it means that the trend is over and the channel has begun.
6. If the indicator turns back again without passing between the information lines it means that the trend has resumed.
Rate of Change
Rate of Change (ROC) displays the value of the current price relative to the price n periods ago. The ROC measures changes in prices during a certain time and displays them in the form of an oscillator showing the cyclical movements. The ROC increases along with the prices trending up, and decreases when the prices go down. High price changes result in significant ROC changes. The ROC can be expressed in either points or percentages.
Methods of use:
1. When the ROC crosses above the 0 line it is a signal to buy.
2. When the ROC crosses below the 0 line it is a signal to sell.
Note: An effective approach to using the ROC involves observing previous peaks and troughs as shown by this indicator. By comparing the current ROC value to its recent levels, a trader will know what to expect in terms of relative price movements.
Standard Deviation
Standard Deviation is a statistical measure of volatility. It is usually used not as a separate indicator but as a component of other indicators.
Standard Deviation is mostly used in the stock market to identify the degree of volatility of stock. This indicator is also applied to mutual funds, where it shows how much the return of the fund is deviating from the expected normal returns.
Method of usage:
1.The value of this indicator is usually high if prices change sharply.
2.If the value of this indicator is not high, the prices are stable.
3.Before a significant rise/fall in prices, this indicator is usually low.
Stochastic
Stochastic is an oscillator that compares where an asset’s price closed relative to its price range over a given period of time. It consists of two lines: the main line is called %K (green) and the secondary is called %D (navy). In the main line (%K), fluctuations are usually more distinct than in the secondary line (%D), because %D is a Moving Average of the line %K. Stochastic indicator is measured on a scale from 0% to 100%.
The Stochastic oscillator is mostly used on the trending markets. If both lines (%D and %K) top out in the upper zone (above 80% mark) and then the indicator returns to the middle zone, the rate would move in the same direction. If both lines bottom out in the lower zone (below 20% mark) and then the indicator returns to the middle zone, the rate would move in the same direction.
Method of use:
1.When one of the lines of the Stochastic falls below 20% and then rises above that level (A) or when the %K line rises above the %D line (B), it is a signal to buy.
2.When one of the lines of the Stochastic rises above 80% and then falls below that level (C) or sell when the %K line falls below the %D line (D), it is a signal to sell.
3.Divergence: if rates produce a series of new minimum/maximum and the oscillator does not, then some rate correction is possible in the direction of the oscillator’s movement.
TRIX
Triple Exponential Average (TRIX) is an indicator used to identify divergences, instances where a currency pair is overbought/oversold, and to give buy/sell signals. The TRIX is a momentum indicator, that is displayed as an oscillator above and below a zero line. It compares two triple smoothed exponential moving averages, and displays the difference as a single line with positive and negative values. The TRIX is displayed on its own chart, separate from the price bars.
Methods of use:
1. When the TRIX crosses the zero line from below it is a buy signal.
2. When the TRIX crosses the zero line from above it is a sell signal.
Note: The buy and sell signals are for market entries. Using these buy and sell signals for exits may not be profitable.Traders might consider exiting a long entry when the TRIX indicator enters the oversold area and starts to turn downwards toward the zero line. Similarly, traders could exit a short when the TRIX indicator enters the oversold area and starts to turn upward and move toward the zero line.
Williams’ Percent Range
Williams’ Percent Range (Williams %R, or %R) is a momentum indicator that measures overbought/oversold levels, which fluctuates between 0 and -100%. When the value reaches 0% it means that the closing price is the same as the period high. Conversely, when the value reaches -100% it means that the closing price is identical to the period low.
The Williams %R is mostly used as a hint of the market’s condition on the trending markets. It shows a reversal in the underlying instrument’s price. Frequently this indicator reaches its peak and turns down a bit earlier than the instrument’s price. Similarly, %R reaches its lowest point and turns up a bit earlier than the instrument’s price.
Methods of use:
1.Readings in the 0 to -20% range: the market is overbought; this can be treated as a signal to sell.
2.Readings in the -80 to -100% range: the market is oversold; this can be treated as a signal to buy.
Note: It is advisable to wait for the indicator price to change direction before making any trading decisions.
Patterns
Paterns (candle formations) are a type of indicator that analyses the patterns and highlights groups of candles falling under particular rules. Candle formations give traders important signals; in particular, they indicate trend reversals. Three types of paterns are implemented in ActTrader:
Engulfing
Engulfing belongs to a candle formations (paterns) indicator type. (Read more about candle formations here)
Bullish Engulfing, and Bearish Engulfing
Bullish Engulfing is a reversal pattern consisting of three candles, which usually occurs after a strong downtrend. It gives a buy signal, and also indicates a potential support level.
Below is an example of the Bullish Engulfing pattern in a candle chart:
Bearish Engulfing is a bearish reversal pattern consisting of three candles, which usually occurs after an uptrend. It gives a sell signal, and also indicates a potential resistance level.
Methods of use:
1. When the Bullish Engulfing pattern (highlighted in green) occurs, it is a signal to buy.
2. When the Bearish Engulfing pattern (highlighted in red) occurs, it is a signal to sell.
Morning and Evening Star
Morning and Evening Star belongs to a candle formations (paterns) indicator type. (Read more about candle formations here)
Morning Star is a bullish reversal pattern consisting of three candles, which usually occurs after a strong downtrend. It gives a buy signal and also indicates a potential support level.
Below is the example of the Morning Star pattern in the candle chart:
Evening Star is a bearish reversal pattern consisting of three candles, which usually occurs after an uptrend. It gives you a sell signal, and also indicates a potential resistance level.
Below is an example of the Evening Star pattern in a candle chart:
Methods of use:
1. When the Morning Star pattern (highlighted in green) occurs, it is a signal to buy.
2. When the Evening Star pattern (highlighted in red) occurs, it is a signal to sell.
Tweezer
Tweezer belongs to a candle formations (paterns) indicator type. (Read more about candle formations here)
Bullish Tweezer and Bearish Tweezer.
Bullish Tweezer is a reversal pattern consisting of two candles with very long lower shadows, which occurs after an extended downtrend. It gives a buy signal, and may also indicate a new support level.
Below is an example of the Bullish Tweezer pattern in a candle chart:
Bearish Tweezer is a reversal pattern consisting of two candles with very long upper shadows, which occurs after extended uptrend. It gives a sell signal, and may also indicate a new resistance level.
Below is an example of the Bullish Tweezer pattern in a candle chart:
Methods of use:
1. When the Bullish Tweezer pattern (highlighted in green) occurs, it is a signal to buy.
2. When the Bearish Tweezer pattern (highlighted in red) occurs, it is a signal to sell.
Displaying candle formations in charts
Candle formations do not draw any additional lines, etc on the charts – they just highlight certain portions of the original chart graph. See the examples below:
Highlight in different kinds of charts |
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Candle chart |
Bar chart |
Line chart |
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In order to make the candle formations more distinguishable in the chart, each formation can have a transparent background highlight, which is activated via the ‘Background highlight’ checkbox available in the indicator settings.
When the checkbox is disabled, only the candle highlight is used. In the example below, several candle formation indicators are applied to the chart:
When the checkbox is enabled, both the candle highlight AND the background highlight are used. The background of corresponding formation will be highlighted in the same color as the candles:
If several indicators are displayed on the same candle, the color of the top one (most recently applied) will be used for highlighting.
When you rollover a highlighted candle, the name of the candle formation indicator(s) will be displayed:
Trend
Auto Trendlines
Auto Trendlines is an indicator which plots automatic trendlines based on the user defined parameters: Bars back to begin, Bars to calculate, Number of points to break.
The Bars to calculate parameter determines the period for the indicator calculation. The Bars back to begin parameter determines the number of the last candles (bars) in the chart, which will not be taken into account in the calculation process. The Number of points to break parameter determines how many points per candle the trendline may cross.
Two lines are plotted in the chart: the Uptrend line indicating the Support level and the Downtrend line indicating the Resistance level. They are displayed starting from the last candle in the chart, up to the left checkpoint of the trendline.
The UpTrend Line connects the lowest low in the period with the next lowest low in the period without penetrating any of the other candles in the period (it is allowed only in case if the number of points penetrated from below per candle is smaller then the specified ‘Number of points to break’). If any candle is penetrated, the next lowest low is taken instead.
The DownTrend Line connects the highest high in the period with the next highest high without penetrating any of the other candles in the period (it is allowed only in case if the number of points penetrated from above per candle is smaller then the specified ‘Number of points to break’). If any candle is penetrated, the next highest high is taken instead.
Note1: Sometimes either of lines cannot be plotted, since it is impossible to pick the second point for it without penetrating the candles.
Note2: Auto Trendlines are regarded as an indicator, and unlike the manually plotted trendlines, you cannot set alerts on them, change their names or drag them over the chart.
Methods of use:
The trendlines are widely used in technical analasys, helping to determine the general trend, support and resistance levels, and some of the chart patterns (e.g. Triangles). For example, two trendlines on the picture below represent the Symmetrical Triangle pattern. The last two candles penetrate the support line downwards – this breakthrough can serve as a signal to Sell, as such event may indicate the start of a strong downtrend.
Bollinger Bands
Bollinger Bands (BB) is an indicator that compares volatility and relative price levels over a period of time. Bollinger Bands adjust to the market conditions. As soon as the market becomes more volatile, the bands widen; they contract during less volatile times.
The use of Bollinger Bands is based on the fact that prices usually remain within the limits of upper and lower borders. BB are mostly used for determining if the current value of a data field is behaving normally or breaking out in another direction. BB can also be used for identifying when trend reversals should be expected. The variable width of BB is caused by the volatility of prices.
Methods of use:
1.Sharp changes in price take place after the channel narrows.
2. If prices cross the border, it is a signal that the current trend will continue(A).
3. A price move that originates at one border tends to go all the way to the other border(B).
Chandelier Stop
The Chandelier Stop can be used as a trailing stop. The values of this indicator depend on the market volatility. The two lines: Long CS and Short CS take turns to be displayed in the chart, depending on the trend.
Long CS lies below the candles. If the value happens to cross the candle cutting the specified number of pips from below (Number of points to switch), Long CS stops to be plotted and disappears starting from the following candle, and Short CS starts to be plotted from the current candle.
Short CS lies above the candles. If the value happens to cross the candle cutting the specified number of pips from above (Number of points to switch), Short CS stops to be plotted and disappears starting from the following candle, and Long CS starts to be plotted from the current candle.
If the Wait for close setting is enabled, the indicator will flip only after crossing the candle’s body. The conditions for flipping will be checked only when the candle closes. If the setting is disabled, the highs and lows are also taken into account – the conditions for flipping will be checked at every tick.
Methods of use:
1.The Chandelier Stop is claimed to be one of the best stop trade indicators providing the maximum possible profit. It automatically adjusts to the market volatility. If the volatility is high, the stop will be a reasonable distance away from the current price. If the volatility is low, the stop will be relatively closer to the current price.
2.When the price falls below the Chandelier Stop, it is a signal to close the buy positions.
3.When the price rises above the Chandelier Stop, it is a signal to close the sell positions.
Envelopes
Envelopes (Moving Average Envelope, Trading Bands) is a technical indicator that consists of two moving averages: one moving upward, the other moving downward. This indicator defines the upper and lower boundaries of the price range. Higher volatility should lead to higher deviation percentage.
One should bear in mind that since only previous data is used for the calculation of this indicator, it will always be a bit behind actual prices. As a result, it does not predict any changes in the trend, but only identifies it.
Methods of use:
1.When the indicator reaches its low and turns in the opposite direction, it can be treated as a signal to buy.
2.When the indicator reaches its high and turns in the opposite direction, it can be treated as a signal to sell.
Flipit
The Flipit indicator is a stop and reverse indicator based on the high and low price values. It is used for generating both entry and exit signals. For the uptrend, the Bottom line is plotted in the chart, for the downtrend, the Top line is plotted.
This indicator has a step-like appearance. Each indicator value is displayed in two candles at a time: in the one for which it is calculated, and in the following one.
The Bottom line lies below the candles. If the value happens to cross the candle cutting the specified number of pips from below (Number of points to switch), the current value of the Bottom Graph will be displayed in the following candle, but not after it. The Top Graph will start from the current candle.
The Top line lies above the candles. If the value happens to cross the candle cutting the specified number of pips from above (Number of points to switch), the current value of the Top Graph will be displayed in the following candle, but not after it. The Bottom Graph will start from the current candle.
Methods of use:
1.When Flipit starts to be plotted below the price it’s time to buy.
2.When Flipit starts to be plotted above the price it’s time to sell.
3.The intersections of the indicator line with the chart graph give you entry and exit signals. For example, on the chart below you should open a trade at the point A and close it at the point B.
Hi Lo Activator
Hi Lo Activator uses the average of the high and low price values over the specified period of time. Similarly to the Flipit indicator, the Hi Lo Actvator has a step-like appearance and gives entry signals as well as trailing stops.
The Short Stop line lies below the candles. If the value happens to cross the candle cutting the specified number of pips from below (Number of points to switch), Short Stop stops to be plotted and disappears starting from the following candle, and Long Stop starts to be plotted from the current candle.
The Long Stop line lies above the candles. If the value happens to cross the candle cutting the specified number of pips from above (Number of points to switch), Long Stop stops to be plotted and disappears starting from the following candle, and Short Stop starts to be plotted from the current candle.
If the Wait for close parameter is enabled, the indicator will flip only after crossing the candle’s body. The conditions for flipping will be checked only when the candle closes. If the setting is disabled, the highs and lows are also taken into account – the conditions for flipping will be checked at every tick.
If the Real Time parameter is disabled, the values of this indicator will be shifted one candle forward (analogous to the Flipit indicator).
Methods of use:
1.When Hi Lo Activator starts to be plotted below the price it’s time to buy
2.When Hi Lo Activator starts to be plotted above the price it’s time to sell.
3.The intersections of the indicator line with the chart graph give you entry and exit signals. For example, on the chart below you should open a trade at the point A and close it at the point B.
Ichimoku Kinko Hyo
Ichimoku Kinko Hyo is a technical indicator that measures market momentum and market trend. It also determines and outlines the support and resistance levels. This indicator is more accurate for long timescales (such as the daily/weekly timescale).
The Ichimoku indicator consists of five lines:
1) Tenkan-sen – the average price level (High+Low)/2, calculated over the first time period;
2) Kijun-sen – the average price level calculated over the second time period;
3) Senkou Span A / Up Kumo= Senkou Span A = (Tenkan-Sen+Kijun-Sen)/2, shifted forward for the length equal to the Kijun-sen period;
4) Senkou Span B / Down Kumo – the average price level over the third time period, shifted forward for the length equal to the Kijun-sen period;
5)Chinkou Span – current closing price, shifted backwards for the length equal to the Kijun-se time period.
The “cloud” known as the “Kumo,” is the space between “Senkou Span A” and “Senkou Span B.”
Note 1: If the price stays above the cloud then there is an upward trend.
Note 2: If the price stays below the cloud then there is a downward trend.
Note 3: If the price is within the cloud then the market is flat.
Note 4: If the Tenkan-sen line moves sideways then the market is flat.
Methods of use:
1) When the price exits the cloud downward, it is a sell signal. When the price exits the cloud upward it is a buy signal.
Note 5: The price ranges before and after the cloud are often the same.
2) When Chinkou Span crosses the price line from below, it is a buy signal. When Chinkou Span crosses the price line from above, it is a sell signal.
3) When Tenkan-sen (red line) crosses Kijun-sen (blue line) from above it is a sell signal; if it crosses from below it is a buy signal.
Note 6: When the price is inside the cloud it tends to move in the direction of Tenkan-sen line (red line).
4) When the Tenkan-sen line is directed downwards, then the price tends to move to the lower edge of the cloud; if it is directed upwards, then the price tends to move to the higher edge.
Note 7: Kijun-sen (blue line) and cloud edges are very strong resistance/support levels.
Keltner Channel
Keltner Channel is a moving average band indicator. Its upper and lower bands adapt to volatility changes by using the Average True Range (ATR). The Keltner Channel is used to show trends, to signal price breakouts, and to give overbought and oversold readings.
Three lines are included in the Keltner Channel: two are bands and the third is an Exponential Moving Average (“EMA.”) The Exponential Moving Average, generally based on a 20-day sample, is enclosed within the two bands. The price floating towards either of the bands is often a buy or a sell signal.
Methods of use:
1. When price closes above the upper band it is a signal to buy.
2. When price closes below the lower band, it is a signal to sell.
Note 1: Signals are effective until the prices close across the opposite band.
Note 2: This indicator should be used in conjunction with other indicators to predict better exit opportunities.
Linear Regression
Linear Regression is a statistical method of following a trend. Its results are usually close to the moving average and their methods of use are similar. But unlike MA, Linear Regression has a smaller delay and is more responsive to price changes.
Linear Regression is used to indicate the dominant trend on the market with slight delay from the actual price of the asset. It can also provide information about future divergence of the main trend, but only when the price starts moving near the trend line within a narrow range.
Methods of use:
1.The direction of the indicator shows whether there is a bullish or bearish trend in the market at the moment.
2.The crossing of the indicator and the price chart confirms the trend’s change. It is only a confirmation because the change in this indicator is late in comparison with a price change.
Note: If the price changes uniformly around the regression line, the market trend should have a tendency to continue.
Pivot Points
Pivot Points is the indicator that calculates the average of the highest, the lowest and the last close price of the previous time period to predict the further support and resistance levels. It is often used to forecast the range of prices variation and demonstrates the possible points of reversals in price movement.
This indicator includes 7 lines: pivot (or equilibrium) point itself (P), 3 resistance levels (Res) and 3 support levels (Sup).
The largest price movements are expected to be close to the pivot point between the 1st resistance and the 1st support level. When the rate breaks out the pivot point upward or downward, it is a signal of probable uptrend or downtrend respectively. The support and resistance levels are frequently used to enter or exit the trade.
Methods of use:
1.When the price crosses the pivot point upward (A), it is a signal to buy.
2.When the price crosses the pivot point downward (B), it is a signal to sell.
3.The trader may place Entry orders if the price touches the Res1 or Sup1 level (C), likely to cause a trend reversal
4.The trader may place stop/limit orders if the price reaches the Res2, Res3 or Sup2, Sup3 levels (D), as it signals that the market is overbought or oversold.
Price Channel
Price Channel Indicator is used to show buy and sell signals in trending markets.It is constructed by drawing upper and lower boundaries on a chart at the high and low points of the price flows for a definite number of periods.
Methods of use:
1. When the weekly closing price moves up to a new n-period high it is a buy signal.
2. When the weekly closing price moves down to a new n-period low it is a sell signal.
Note: When the price moves out if its n-period range, go in the direction of this new trend.
Weighted Close
Weighted Close Indicator calculates the average price change for an instrument while placing emphasis on the closing price. The Weighted Close can be plotted as a smooth line directly on the price chart. This indicator does not clearly show buy or sell signals, but it does provide a clear indication of the primary trend.
The weighted close is calculated by multiplying the close by 2, then adding the high and low, and then dividing the sum of these components by 4.
Methods of use:
1. You may compare Weighted Close to a moving average to define when an instrument is trending downward or upward.
2. The Weighted Close trends higher as the price continues upwards.
Volume
Accumulation/Distribution
Accumulation/Distribution is a momentum indicator which detects the divergences between market price and tick volume.
Based on that it identifies whether the market participants are mostly “accumulating” (buying) or “distributing” (selling) the given instrument.
These divergences indicate that the trend is weakening, and generate the signals to BUY when there is a bullish divergence, and SELL when there is a bearish divergence.
The Stop orders for Buy positions should be set below the most recent low, and for the Sell positions – above the latest high.
Accumulation/Distribution indicator is calculated by the following formula: AD = Previous AD + [(Close – Low) – (High – Close)] /(High – Low)* Volume
Methods of use:
1.Go long when there is a bullish divergence.
2.Go short when there is a bearish divergence.
Market Facilitation Index
The Market Facilitation Index, created by Bill Williams, represents the dynamics of volume and price movement. In technical analysis the absolute values of the indicator are not significant, what’s important is the changes in the indicator.
Market Facilitation Index formula is: BWMFI:= (High – Close) / Volume
Methods of use:
1.When BWMFI and volume increase, this means that the market becomes more volatile and a new trend is likely to start.
2.When BWMFI and volume decrease, the market becomes steady.
Force Index
Force Index indicator defines the market movement strength and possible trend reversals based on price and volume data. This indicator is created by Alexander Elder and described in his book “Trading for a Living”.
The Force Index combines three essential elements of the price movement: direction, extent and volume, and oscillates between positive and negative areas as the balance of power changes. This indicator helps to confirm the overall trend, identify correction levels and predict trend reversals.
Elder originally used Moving Average of price difference in the Force Index formula. There is another version of the indicator using the difference of Moving Averages. Given indicator allows to use both calculation methods:
Classical formula (Force Index Type is ‘By Elder’): Force Index = MA[{Price (current value) – Price (previous value)} * Volume, N]
Modified formula (Force Index Type is ‘Ordinary’): Force Index = [MA { Price (current value), N} – MA{ Price (previous value), N}] * Volume
Where: N – is a period of Moving Average MA – is a Moving Average; Price – is a selected Price Type;
Elder uses 1 and 13 period EMA and close price.
Force Index for one period is calculated by subtracting the previous close price from the current close and multiplying the result by volume. In order to get Force Index for more than one period, just use the exponential moving average of the 1-period Force Index. For example, a 13-Period Force Index is a 13-period EMA of the 1-period Force Index values for the last 13 periods.
Methods of use:
1.Go long if the Force index is below zero and there is a bullish divergence.
2.Go short if the Force index is above zero and there is a bearish divergence.
Money Flow Index
The Money Flow Index (MFI) also known as volume-weighted RSI, is developed by Gene Quong and Avrum Soudack. Based on price and volume values it defines buying and selling pressure.
MFI first calculates the typical price for each period: if the typical price increases, the money flow is positive (indicating the buying pressure); if the typical price decreases, the money flow is negative (indicating the selling pressure). A ratio of positive and negative money flow is then used in the RSI formula. The resulting oscillator line fluctuates between zero and one hundred levels providing signals of trend reversals and indicating price extremes.
Indicator Formula: Typical Price = (High + Low + Close) / 3 Money Flow = Typical price * Volume Money Ratio = Positive Money Flow/Negative Money Flow Money Flow Index = 100 – (100/ (1 + Money Ratio))
NOTE: Positive Money Flow parameter used in Money Ratio formula, is calculated as a sum of positive money values (received when typical price is greater than the previous typical price value) for the number of periods used to create the indicator. Negative Money Flow is calculated as a sum of negative money values.
Methods of use:
1.Go long on bullish divergence.
2.Go short on bearish divergence.
On Balance Volume
On Balance Volume (OBV) indicator was first described by Joe Granville in 1963 in his book Granville’s New Key to Stock Market Profits. This indicator measures buying and selling activity and based on that defines positive and negative volume flow. The divergences between OBV and price can be used to predict market movement and confirm price trends.
If the indicator price is higher than the previous indicator price then: OBV = Previous OBV + Volume
If the indicator price is lower than the previous indicator price then: OBV = Previous OBV – Volume
If the indicator price equals the previous indicator price then: OBV = Previous OBV (no change)
According to Joe Granville, Close price should be used as indicator price.
Methods of use:
•During a ranging market watch for a rising or falling On Balance Volume:
1.Rising OBV warns of an upward breakout.
2.Falling OBV warns of a downward breakout.
•A rising On Balance Volume confirms an up-trend and a falling OBV confirms a down-trend:
1.Bullish divergence between OBV and price warns of market bottoms.
2.Bearish divergence between OBV and price warns of market tops.
Volume
The notion of Volume was basically used on stock and security markets in regards to the number of trades executed within a given time interval, measured in contracts or money terms. On Forex market monetary Volume is substituted by the tick volume (number of ticks received during specified period of time) .
The Volume indicator in ActTrader calculates the number of ticks per candle and plots a green bar if the volume of the current candle is larger than that of the previous candle; or red bar – if the volume of the current candle is smaller than that of the previous candle.
Methods of use:
It is believed that the more ticks are received within a period, the more market participants have entered the market, which typically means the increasing number of orders and money volume. And vice versa: the less the number of ticks per candle, the less market participants, which means the decreasing number of orders and money volume.
Other
Fractals
Fractals is an indicator that detects the higher and the lower limits of the current trend and can predict a possible reversal of the trend. This indicator is a series of at least five successive bars, with the highest high in the middle and two lower highs on both sides. The opposite series is at least five successive bars, with the lowest low in the middle and two higher lows on both sides.
Fractals are mostly used to predict a reversal in the current trend. A shift from a downtrend to an uptrend can be traced when the lowest bar is in the middle of the pattern and two bars with successively higher lows are located on either side of it. A shift from an uptrend to a downtrend can be traced when the highest bar is in the middle of the pattern and two bars with successively lower highs are located on both sides of it. Note that Fractals are more effective when used in conjunction with other indicators such as MA, Fibonacci Retracement, and Alligator.
Methods of use:
1.If the Up fractal is higher than the red line (Alligator teeth) it is a signal to sell.
2.If the Down fractal is lower than the red line (Alligator teeth) it is a signal to buy.
Gann Swing Chartist
The Gann Swing Chartist indicator is an efficient tool for determining the trend direction and the support and resistance levels. It filters out a big amount of noise in the chart depicting the most important movements.
There are four basic definitions related to this indicator: UpSwing (when the indicator line is ascending), DownSwing (when the indicator line is descending), UpTrend (when there is a series of rising valleys), and DownTrend (when there is a series of diminishing peaks).
The indicator trend changes from down to up when the UpSwing passes the previous peak, from up to down – when the DownSwing passes the previous valley. When the trend is changed, the indicator line starts to be plotted in a different color.
The swing direction changes from down to up when the swing is down and there are at least N consecutive higher highs, from up to down – when the swing is up and there are at least N consecutive lower lows. (N is determined by the Bars to Swing parameter). If the FastTrack option is enabled, the swing direction will also change if the low/high of the candle is lower/higher than the previous valley/peak.
If there are not enough consecutive higher highs (lower lows) to determine the swing, the indicator color will be different from the UpTrend and DownTrend.
The swing tops indicate the resistance levels, and the swing bottoms indicate the support levels.
The Gann Swing Chartist can also be used in conjunction with the HiLo Activator and Fibonacci retracement to determine the points to enter and exit the market.
Methods of use:
1.The downtrend (plotted in red) starts in the point A, where the price goes lower than the previous valley. This makes a good signal to sell.
2.The uptrend (plotted in green) starts in the point B, where the price goes higher than the previous peak. This makes a good signal to buy,
Here you can find a full list of available system indicators
Chart Objects
Line Objects
Line objects are ultimate technical analysis tools used for identifying the trends, support and resistance levels, chart patterns etc. The Objects menu offers three types of lines that you can plot in the chart:
•Trendline – can be drawn in any direction; it requires two points to be plotted
•Vertical Line – requires only one point to be plotted in the chart
•Horizontal Line – requires only one point to be plotted in the chart.
When you select any of these options, the cursor will turn into a hand: , so you can choose the start point of your line. In order to plot a
trendline, drag the cursor to the end point of your line, and release it.
When you left-click on the line, it will become highlighted, and you will be able to
drag it over the chart – the cursor will turn into a hand: .
If you hover cursor over a dot on either end of the trendline, it will turn into a crosshair allowing you to drag the dot over the chart:
Right-clicking on the line opens the standard context menu for manually plotted objects:
Lines Properties
The properties of any line manually plotted in the chart can be changed in the dialog-box, which may be accessed in three ways:
•Double-click on the line
•Right-click on the line and select the Object Settings option from the context menu
•Left-click on the line to select it, and then select the Object Settings option from the Objects menu on the chart toolbar:
Line Settings dialog box
When the Line Settings dialog box opens, it displays current settings of the selected line:
For a trendline, this dialog allows you to customize the following properties:
Name
The name of the trendline. (If you create an alert on penetration of the trendline, this name will be displayed in the Trendline column of the Chart Alerts table). The default name of the trendline is ‘Line’ with an order number, which is incremented by 1 for each trendline created within the individual instance of a chart. You can input up to 20 symbols into the textbox. Empty values are not allowed.
Color
The color of the trendline. Left click on the color sample will open the dialog for color selection.
Width
The width of the trendline. The drop-down box allows to select one of the three available options: 1 pixel, 2 pixels or 3 pixels.
Style
The style of the trendline. The drop-down box includes three options: solid, dashed and dotted.
Note: If the selected width is 2 pixels or 3 pixels, the Style drop-down box will be unavailable with the solid line preselected.
Extension
This drop-down box includes the options:
–limited
–extended
–extended right
–extended left.
Show price labels
When this option is enabled, the price labels will appear on the edges of the trendline.
ID
The system number of the line.
Click Apply to view the changes in the chart; click OK to confirm the changes you made and close the dialog; click Cancel to discard the changes and close the dialog.
For vertical and horizontal lines the “Show price/date Labels” setting in the Line Settings dialog allows not only to show/hide the corresponding labels, but also to change their colors.
The “Lines Labels” color can also be changed for all lines shown on an active chart in Chart Settings -> Colors -> Chart Object tab.
Fibonacci Retracement
Fibonacci Retracement
Fibonacci Retracement is a chart tool used to determine the support and resistance levels on trending markets. The Fibonacci Retracement levels are created by drawing a trendline between two extreme points and then splitting the vertical distance according to the specified ratios. Fibonacci Retracement can include up to 13 lines (levels).
Plotting Fibonacci Retracement in the chart
Select the Fibonacci Retracement option in the Objects menu of the chart toolbar:
When you select this option, the cursor will become finger-shaped:
In order to plot the retracement levels, left-click on a significant High swing, and drag the cursor to the most recent Low swing (or from Low to High). The Fibonacci Retracement lines will be automatically plotted in the chart with the ratio and the corresponding price indicated by each line.
When you left click on the plotted Fibonacci Retracement object, it will become highlighted, i.e. four dots will appear at the edges of the lines. If you hover the cursor over a dot, it will turn into a crosshair allowing you to drag the dot over the chart thus resizing the Fibonacci object:
You can also drag the plotted Fibonacci Retracement object over the chart by left-clicking on its line and holding the mouse button.
Right-clicking on the Fibonacci Retracement opens the standard context menu for manually plotted objects:
To delete the Fibonacci Retracement object left-click on it once and choose the Remove Selected Objects option on the chart toolbar, or right-click on object and select the Remove Object option from the context menu.
Fibonacci Settings
You can customize the view of the Fibonacci Retracement object by using the advanced Settings dialog box, allowing to show/hide and change the view of each line.
The Fibonacci Settings dialog box appears as displayed below:
Properties description
Id
The unique number of the chart object (non-editable)
Extension
This drop-down box allows you to select the lines’ extension:
–limited
–extended
–extended right
–extended left.
This setting is applied to all the lines at the same time. By default the ‘limited’ option is selected
Show labels
When this option is enabled, labels appear at the end of each line (the rate on the left and the ratio on the right). By default it is enabled.
The Levels section contains the individual settings for each line:
▪The checkboxes in the very left column are used to show/hide the individual levels. When the checkbox is enabled, the corresponding line will be displayed in the chart. By default, only seven lines are enabled (as displayed above)
▪The edit-boxes next to the checkboxes are used to change the percentage levels for each line. The default values of the levels are:
•0%
•23.6%
•38.2%
•50%
•61.8%
•76.4%
•86%
•100%
•118%
•127%
•161.8%
•261.8%
•423.6%
▪Color – Left click on the color sample to select the line color
▪Width – The width of the line. Use the drop-down box to select one of the three available options: 1 pixel, 2 pixels or 3 pixels.
▪Style – The style of the line. The drop-down box includes three options: solid, dashed and dotted.
Note: If the selected width is 2 pixels or 3 pixels, the Style drop-down box will be unavailable with the solid line preselected.
Note: The Percentage edit box, Color button, Width and Style drop-down boxes are available only for enabled lines.
The ‘Save level settings as default’ button saves the settings of all the levels, so that they will be applied to all the Fibonacci Retracements created thereafter.
After you’ve made all the necessary changes to the Fibonacci object, click Apply to view the changes in the chart; click OK to confirm the changes and close the dialog; click Cancel to discard the changes and close the dialog.
The Fibonacci Settings dialog box can be accessed in three ways:
•Click the Object Settings button on the chart toolbar, when a Fibonacci Retracement object is selected:
•Right-click on a Fibonacci object, and then click Settings.
Double-click on the Fibonacci Retracement plotted in the chart.
Fibonacci Fan
Fibonacci Fan is one of the instruments allowing to build correction levels of Fibonacci. Its distinctive feature is possibility to build inclined levels, depending on the direction of a trend line. Fibonacci Fan can include up to 13 lines (rays) giving the traders an opportunity to make more accurate market forecast.
Plotting Fibonacci Fan in the chart
Select the Fibonacci Fan option in the Objects menu of the chart toolbar:
When you select this option, the cursor will become finger-shaped:
In order to plot the Fan, left-click on the last trough on the chart (it will be the start point) and drag the cursor to the most recent peak. This will be the directing line of the Fan. The rays of the Fan will be automatically plotted from the start point at the predefined ratio. The corresponding percentage (Fibonacci levels) will be indicated at every line.
When you left click on the plotted Fibonacci Fan object, it will become highlighted, i.e. two dots will appear at the edges of the directing line. If you hover the cursor over a dot, it will turn into a crosshair allowing you to drag the dot over the chart thus resizing the Fibonacci object:
You can also drag the plotted Fibonacci Fan object over the chart by left-clicking on its directing line and holding the mouse button.
Right-clicking on the directing line of the Fibonacci Fan opens the standard context menu for manually plotted objects:
To delete the Fibonacci Fan object left-click on it once and choose the Remove Selected Objects option on the chart toolbar, or right-click on object and select the Remove Object option from the context menu.
Fibonacci Fan Settings
You can customize the view of the Fibonacci Fan object by using the advanced Settings dialog box, allowing to show/hide and change the view of each line.
The Fibonacci Settings dialog box appears as displayed below:
Properties description
Id
The unique number of the chart object (non-editable)
Extension
This drop-down box allows you to select the lines’ extension:
– limited
– extended
– extended right
– extended left.
This setting is applied to all the lines at the same time. By default the ‘extended right’ option is selected
Show labels
When this option is enabled, the rates labels will appear at every line. By default it is enabled.
The Levels section contains the individual settings for each line:
▪ The checkboxes in the very left column are used to show/hide the individual levels. When the checkbox is enabled, the corresponding line will be displayed in the chart. By default, only four lines are enabled (as displayed above)
▪ The edit-boxes next to the checkboxes are used to change the percentage levels for each line. The default values of the levels are:
–0%
–23.6%
–38.2%
–50%
–61.8%
–76.4%
–86%
–100%
–118%
–127%
–161.8%
–261.8%
–423.6%
▪ Color – Left click on the color sample to select the line color
▪ Width – The width of the line. Use the drop-down box to select one of the three available options: 1 pixel, 2 pixels or 3 pixels.
▪ Style – The style of the line. The drop-down box includes three options: solid, dashed and dotted.
Note: If the selected width is 2 pixels or 3 pixels, the Style drop-down box will be unavailable with the solid line preselected.
Note: The Percentage edit box, Color button, Width and Style drop-down boxes are available only for enabled lines.
The ‘Save level settings as default’ button saves the settings of all the levels, so that they will be applied to all the Fibonacci Fan objects created thereafter.
After you’ve made all the necessary changes to the Fibonacci object, click Apply to view the changes in the chart; click OK to confirm the changes and close the dialog; click Cancel to discard the changes and close the dialog.
The Fibonacci Settings dialog box can be accessed in three ways:
–Click the Object Settings button on the chart toolbar, when a Fibonacci Fan object is selected.
–Right-click on a Fibonacci object, and then click Settings.
–Double-click on the Fibonacci Fan plotted in the chart.
Fibonacci Channel
Fibonacci channel uses market peaks and troughs for predicting major changes in trend direction and levels of support and resistance.
When potting the Fibonacci channels, the most important is to identify the peaks and troughs correctly. If you manage to detect the appropriate tops and bottoms, you will be able to forecast the support and resistance levels weeks and months into the future. Use only major tops and bottoms to find the base line of a Channel with one or more significant side swings. The widest swing for the period of the base line will be used as a trigger line.
Plotting Fibonacci Channel in the chart
Select the Fibonacci Channel option in the Objects menu of the chart toolbar:
When you select this option, the cursor will become finger-shaped:
In order to plot the channel levels, left-click on a beginning of the channel, and drag the cursor to the end of the channel (providing size). The Fibonacci Channel lines will be automatically plotted in the chart with the ratio and the corresponding price indicated at each line.
When you left click on the plotted Fibonacci Channel object, it will become highlighted, i.e. four dots will appear at the edges of the lines. If you hover the cursor over a dot, it will turn into a crosshair allowing you to drag the dot over the chart thus resizing the Fibonacci object:
You can also drag the plotted Fibonacci Channel object over the chart by left-clicking on its line and holding the mouse button.
Right-clicking on the Fibonacci Channel opens the standard context menu for manually plotted objects:
To delete the Fibonacci Channel object left-click on it once and choose the Remove Selected Objects option on the chart toolbar.
Fibonacci Channel Settings
You can customize the view of the Fibonacci Channel object by using the advanced Settings dialog box, allowing to show/hide and change the view of each line.
The Fibonacci Settings dialog box appears as displayed below:
Properties description
Id
The unique number of the chart object (non-editable)
Size
The size (100%) of Fibonacci Channel that shows the distance between the plotted lines of 0% and 100% in pixels.
Default value is 40.
Extension
This drop-down box allows you to select the lines’ extension:
– limited
– extended
– extended right
– extended left.
This setting is applied to all the lines at the same time. By default the ‘limited’ option is selected
Show labels
When this option is enabled, percentage labels appear at the end of each line. By default it is enabled.
The Levels section contains the individual settings for each line:
▪ The checkboxes in the very left column are used to show/hide the individual levels. When the checkbox is enabled, the corresponding line will be displayed in the chart. By default, only five lines are enabled (as displayed above)
▪ The edit-boxes next to the checkboxes are used to change the percentage levels for each line. The default values of the levels are:
–0%
–23.6%
–38.2%
–50%
–61.8%
–76.4%
–86%
–100%
–118%
–127%
–161.8%
–261.8%
–423.6%
▪ Color – Left click on the color sample to select the line color
▪ Width – The width of the line. Use the drop-down box to select one of the three available options: 1 pixel, 2 pixels or 3 pixels.
▪ Style – The style of the line. The drop-down box includes three options: solid, dashed and dotted.
Note: If the selected width is 2 pixels or 3 pixels, the Style drop-down box will be unavailable with the solid line preselected.
Note: The Percentage edit box, Color button, Width and Style drop-down boxes are available only for enabled lines.
The ‘Save level settings as default’ button saves the settings of all the levels, so that they will be applied to all the Fibonacci Channel objects created thereafter.
After you’ve made all the necessary changes to the Fibonacci object, click Apply to view the changes in the chart; click OK to confirm the changes and close the dialog; click Cancel to discard the changes and close the dialog.
The Fibonacci Settings dialog box can be accessed in three ways:
–Click the Object Settings button on the chart toolbar, when a Fibonacci Channel object is selected.
–Right-click on a Fibonacci object, and then click Settings.
–Double-click on the Fibonacci Retracement plotted in the chart.
Fibonacci Time Zones
The graphic tool «Fibonacci Time Zones» is a set of vertical lines, plotted at the intervals corresponding to the Fibonacci numbers. The usage of Fibonacci Time Zones tool is based on popular belief that the most significant market events occur at the time intervals corresponding to Fibonacci numbers.
Interpretation of Fibonacci Time Zones involves looking for significant changes in price at or near the vertical lines. Time Zones are most applicable to a long-term analysis of price movement and are probably of limited value when studying short-term charts.
Plotting Fibonacci Time Zones in the chart
Select the Fibonacci Time Zones option in the Objects menu of the chart toolbar:
When you select this option, the cursor will become finger-shaped:
In order to plot the Fibonacci Time Zones, left-click on a chart and drag the cursor to set the basic period. The Fibonacci Time Zones lines will be automatically plotted in the chart with the Fibonacci numbers indicated at each line.
When you left click on one of the first two lines Fibonacci Time Zones object, it will become highlighted, i.e. four dots will appear at the edges of the lines. If you hover the cursor over these lines, it will turn into a crosshair allowing you to drag the Fibonacci Time Zones object left and right on the chart:
Right-clicking on one of the first two lines of the Fibonacci Time Zones opens the standard context menu for manually plotted objects:
To delete the Fibonacci Time Zones object left-click on it once and choose the Remove Selected Objects option on the chart toolbar.
Fibonacci Time Zones Settings
You can customize the view of the Fibonacci Time Zones object by using the advanced Settings dialog box, allowing to show/hide and change the view of each line.
The Fibonacci Settings dialog box appears as displayed below:
Properties description
Id
The unique number of the chart object (non-editable)
Size
The size of Fibonacci Time Zones that shows the distance between the first two lines in pixels.
Show labels
When this option is enabled, labels appear at the end of each line (Fibonacci numbers at the top of the lines). By default it is enabled.
The Levels section contains the individual settings for each line:
▪ The checkboxes in the very left column are used to show/hide the individual levels. When the checkbox is enabled, the corresponding line will be displayed in the chart. By default, only nine lines are enabled (as displayed above)
▪ The edit-boxes next to the checkboxes are used to change the levels for each line. The default values of the levels are:
–0
–1
–2
–3
–5
–8
–13
–21
–34
–55
–89
–144
–233
▪ Color – Left click on the color sample to select the line color
▪ Width – The width of the line. Use the drop-down box to select one of the three available options: 1 pixel, 2 pixels or 3 pixels.
▪ Style – The style of the line. The drop-down box includes three options: solid, dashed and dotted. Note: If the selected width is 2 pixels or 3 pixels, the Style drop-down box will be unavailable with the solid line preselected.
Note: The Level edit box, Color button, Width and Style drop-down boxes are available only for enabled lines.
The ‘Save level settings as default’ button saves the settings of all the levels, so that they will be applied to all the Fibonacci Time Zones objects created thereafter.
After you’ve made all the necessary changes to the Fibonacci object, click Apply to view the changes in the chart; click OK to confirm the changes and close the dialog; click Cancel to discard the changes and close the dialog.
The Fibonacci Settings dialog box can be accessed in three ways:
–Click the Object Settings button on the chart toolbar, when a Fibonacci Time Zones object is selected:
–Right-click on a Fibonacci object, and then click Settings.
–Double-click on the Fibonacci Time Zones object plotted in the chart.
Fibonacci Arcs
Fibonacci arcs indicate the potential support and resistance levels. Usually both Arcs and Fibonacci Retracement are applied on the chart simultaneously; the support / resistance levels are determined by intersections of these lines.
Plotting Fibonacci Arcs in the chart
Select the Fibonacci Arcs option in the Objects menu of the chart toolbar:
When you select this option, the cursor will become finger-shaped:
In order to plot the Fibonacci Arcs, left-click on the chart to set the center of the arc, and drag the cursor over the chart to plot the radius of the arc. The end point will represent the 100% level. The Fibonacci Arcs will be automatically plotted in the chart with the ratio indicated at each line.
When you left click on the plotted Fibonacci Arcs object, it will become highlighted, i.e. two dots will appear at the edges of the radius. If you hover the cursor over a dot, it will turn into a crosshair allowing you to drag the dot over the chart thus resizing the Fibonacci object:
You can also drag the plotted Fibonacci Arcs object over the chart by left-clicking on the radius and holding the mouse button.
Right-clicking on the Fibonacci Arcs opens the standard context menu for manually plotted objects:
To delete the Fibonacci Arcs object left-click on it once and choose the Remove Selected Objects option on the chart toolbar.
Fibonacci Arcs Settings
You can customize the view of the Fibonacci Arcs object by using the advanced Settings dialog box, allowing to show/hide and change the view of each line.
The Fibonacci Settings dialog box appears as displayed below:
Properties description
Id
The unique number of the chart object (non-editable)
Show labels
When this option is enabled, percentage labels appear at every arc. By default it is enabled.
Circle
By default Fibonacci Arcs have elliptic shape. The closer the Fibo Line to the horizontal axis, the more the arcs are stretched horizontally. The closer the Fibo Line to the vertical axis, the more the arcs are stretched vertically. Fibo Line drawn at an angle of 45° gives you the circle arcs.
If you want to use only circle arcs that would not depend on the angle of the Fibo Line, enable the Circle checkbox
Fibo Line
–This checkbox shows/hides the Fibo Line (radius of the arcs). When the checkbox is enabled, the corresponding line will be displayed in the chart.
–Color – Left click on the color sample to select the line color
–Width – The width of the line. Use the drop-down box to select one of the three available options: 1 pixel, 2 pixels or 3 pixels.
–Style – The style of the line. The drop-down box includes three options: solid, dashed and dotted. Note: If the selected width is 2 pixels or 3 pixels, the Style drop-down box will be unavailable with the solid line preselected.
The Levels section contains the individual settings for the arcs:
▪ The checkboxes in the very left column are used to show/hide the individual levels. When the checkbox is enabled, the corresponding line will be displayed in the chart. By default, only three lines are enabled (as displayed above)
▪ The edit-boxes next to the checkboxes are used to change the percentage levels for each line. The default values of the levels are:
–0%
–23.6%
–38.2%
–50%
–61.8%
–76.4%
–86%
–100%
–118%
–127%
–161.8%
–261.8%
▪ The Circuit setting allows to input the circuit of arcs in percent. The default value of the circuit is 50%
▪ Color – Left click on the color sample to select the line color
▪ Width – The width of the line. Use the drop-down box to select one of the three available options: 1 pixel, 2 pixels or 3 pixels.
▪ Style – The style of the line. The drop-down box includes three options: solid, dashed and dotted.
Note: If the selected width is 2 pixels or 3 pixels, the Style drop-down box will be unavailable with the solid line preselected.
Note: The Percentage edit box, Color button, Width and Style drop-down boxes are available only for enabled lines.
The ‘Save level settings as default’ button saves the settings of all the levels, so that they will be applied to all the Fibonacci Arcs created thereafter.
After you’ve made all the necessary changes to the Fibonacci object, click Apply to view the changes in the chart; click OK to confirm the changes and close the dialog; click Cancel to discard the changes and close the dialog.
The Fibonacci Settings dialog box can be accessed in three ways:
–Click the Object Settings button on the chart toolbar, when a Fibonacci Arcs object is selected.
–Right-click on a Fibonacci object, and then click Settings.
Double-click on the Fibonacci Retracement plotted in the chart.
Fibonacci Expansion
Fibonacci Expansion is largely similar to Fibonacci Retracement and intended for determining the end of the third wave. Unlike Fibonacci Retracement, this instrument is built on not the only one trend line, but on two waves.
Plotting Fibonacci Expansion in the chart
Select the Fibonacci Expansion option in the Objects menu of the chart toolbar:
When you select this option, the cursor will become finger-shaped:
In order to plot the Fibonacci Expansion levels, left-click on the chart at the beginning of the trend, and drag the cursor to the end of the trend. The third point will appear near the end of the trend allowing you to plot the second wave line. The Fibonacci Expansion lines will be automatically plotted in the chart with the ratio and the corresponding price indicated at each line.
When you left click on the plotted Fibonacci Expansion object, it will become highlighted, i.e. three dots will appear at the edges of the lines. If you hover the cursor over a dot, it will turn into a crosshair allowing you to drag the dot over the chart thus resizing the Fibonacci object:
You can also drag the plotted Fibonacci Expansion object over the chart by left-clicking on its line and holding the mouse button.
Right-clicking on the Fibonacci Expansion opens the standard context menu for manually plotted objects:
To delete the Fibonacci Expansion object left-click on it once and choose the Remove Selected Objects option on the chart toolbar.
Fibonacci Expansion Settings
You can customize the view of the Fibonacci Expansion object by using the advanced Settings dialog box, allowing to show/hide and change the view of each line.
The Fibonacci Settings dialog box appears as displayed below:
Properties description
Id
The unique number of the chart object (non-editable)
Extension
This drop-down box allows you to select the lines’ extension:
– limited
– extended
– extended right
– extended left.
This setting is applied to all the lines at the same time. By default the ‘extended right’ option is selected
Show labels
When this option is enabled, labels appear at the end of each line (the rate on the left and the ratio on the right). By default it is enabled.
Fibo Line
–This checkbox shows/hides the Fibo Lines (designating the waves). When the checkbox is enabled, the corresponding lines will be displayed in the chart.
–Color – Left click on the color sample to select the line color
–Width – The width of the line. Use the drop-down box to select one of the three available options: 1 pixel, 2 pixels or 3 pixels.
–Style – The style of the line. The drop-down box includes three options: solid, dashed and dotted. Note: If the selected width is 2 pixels or 3 pixels, the Style drop-down box will be unavailable with the solid line preselected.
The Levels section contains the individual settings for each line:
▪ The checkboxes in the very left column are used to show/hide the individual levels. When the checkbox is enabled, the corresponding line will be displayed in the chart. By default, only three lines are enabled (as displayed above)
▪ The edit-boxes next to the checkboxes are used to change the percentage levels for each line. The default values of the levels are:
–0%
–23.6%
–38.2%
–50%
–61.8%
–76.4%
–86%
–100%
–118%
–127%
–161.8%
–261.8%
▪ Color – Left click on the color sample to select the line color
▪ Width – The width of the line. Use the drop-down box to select one of the three available options: 1 pixel, 2 pixels or 3 pixels.
▪ Style – The style of the line. The drop-down box includes three options: solid, dashed and dotted. Note: If the selected width is 2 pixels or 3 pixels, the Style drop-down box will be unavailable with the solid line preselected.
Note: The Percentage edit box, Color button, Width and Style drop-down boxes are available only for enabled lines.
The ‘Save level settings as default’ button saves the settings of all the levels, so that they will be applied to all the Fibonacci Expansion created thereafter.
After you’ve made all the necessary changes to the Fibonacci object, click Apply to view the changes in the chart; click OK to confirm the changes and close the dialog; click Cancel to discard the changes and close the dialog.
The Fibonacci Settings dialog box can be accessed in three ways:
–Click the Object Settings button on the chart toolbar, when a Fibonacci Expansion object is selected:
–Right-click on a Fibonacci object, and then click Settings.
–Double-click on the Fibonacci Expansion plotted in the chart.
Text Labels
Text labels plotting is a manual tool intended to facilitate your work with charts. This feature allows you to plot any text in the chart, move it and change its properties, and even save it for future utilization.
Plotting text objects in the chart
To access this function select the Text option in the Objects menu on the chart toolbar:
When you click on this option, the mouse pointer will turn into text-cursor: .
Click on the chart once, and the word ‘Text1’ will appear at that point. At the same time the Text Settings dialog box will be opened, where you can input any text, select the color, font, frame, and other parameters of the text object that will appear on the chart.
When you left-click on the text object, it becomes highlighted, and you will be able to drag
it over the chart – the cursor will turn into a hand: . To paste the text label into the chart just release the mouse button. Right-clicking on
the text opens the standard context menu for manually plotted objects:
To delete a text label left-click on it once and choose the Remove Selected Objects option on the chart toolbar.
Text Settings
The Text Settings dialog box appears when you create the text label (as described above), and allows you to edit existing labels. There are two ways to access it:
•Right-click on the created text and select the Object Settings option
•Double-click on the created text
Text
The textbox allows you to input up to 200 characters that will appear on the chart. The default value for this field is ‘Text1’. When you edit the already existing label, this field will display the current text.
Font
By default the text font is Tahoma, size – 8, color – Black. Use three drop-down boxes to select any other settings for these parameters. B, I, U buttons make the text Bold/Italic/Underlined. Any changes of these parameters will not be reflected in the textbox. Click Apply to view the result in the chart without closing the dialog box.
Show Frame
By default this option is disabled. When you enable it, the window will expand to allow you to set a frame around the text and configure its properties:
Select the Frame Style (Box or Ellipse); enable the Border checkbox to set a border for your label (if it is enabled, you can select the color and border width in the drop-down boxes); enable the Fill checkbox to set the color and transparency of the label’s background.
If you enable Show Frame without enabling Border and Fill, the label will not have any frame or background.
Previous Texts
This drop-down box lists the top 20 of the most frequently and most recently used labels. Every value you input into the ‘Text’ textbox is saved to this list (without Font and Frame settings); the list can store up to 500 values.
When the Text Settings Dialog Box is opened for the first time, the Previous Text list includes only the default text:
Buy Signal
Sell Signal
Strong Uptrend
Weak Uptrend
Strong Downtrend
Weak Downtrend
Spike!
Up Hammer
Down Hammer
Double peak
Double bottom
Head and Shoulders
When you select one of the lines in the Previous texts drop-down box, the value in the Text text box will change correspondingly.
ID
Displays the unique number of the chart object.
Click Apply to view the edited text in the chart; click OK to confirm the changes you made and close the dialog; click Cancel to discard the changes and close the dialog.
Figures
You can draw circles, ovals and rectangles in the chart. Drawing figures can be very helpful in technical analysis when you need to highlight some area on the chart.
Plotting objects on the chart
Select the Circle/Oval/Rectangle option in the Objects menu of the chart toolbar:
When you select this option, the cursor will become finger-shaped:
In order to plot the object, left-click anywhere on the chart (it will be the central point) and drag the cursor to plot the directing line of the selected object: radius for the circle, diagonal for the rectangle or diagonal of the rectangle in which the oval is inscribed.
Note: If you press Ctrl while drawing an oval, then your oval will turn into a circle.
If you press Ctrl while drawing a rectangle, then your rectangle will turn into a square.
When you left click on the plotted object, it will become highlighted, i.e. two dots will appear at the edges of the directing line. If you hover the cursor over a dot, it will turn into a crosshair allowing you to drag the dot over the chart thus resizing the object:
You can also drag the plotted object over the chart by left-clicking on its line and holding the mouse button.
Right-clicking on the directing line of the object opens the standard context menu for manually plotted objects:
To delete the object left-click on it once and choose the Remove Selected Objects option on the chart toolbar or press Delete on your keyboard.
Objects Settings
You can customize the view of the new graphical objects using the advanced Settings dialog box, allowing you even to change the object position related to the chart candles.
The object dialog box appears as displayed below:
Properties description
Color – Left click on the color sample to select the line color;
Fill Color – Check the checkbox to enable the object’s fill color. Left click on the color sample to select the desired color. If the Fill Color checkbox is unchecked – the object will be transparent;
Note: When object is filled – it can be selected by clicking anywhere inside the object. When object is transparent – it can be selected only by clicking on its outline.
Width – The width of the line. Use the drop-down box to select one of the three available options: 1 pixel, 2 pixels or 3 pixels;
Style – The style of the line. The drop-down box includes three options: solid, dashed and dotted;
Draw in the chart background checkbox – allows plotting the object behind the chart candles;
Note: Each new object with the “Draw in the chart background” parameter enabled will be superimposed on the previous object in the order of appearance on the chart.
Id – The unique number of the chart object (non-editable)
Show price label checkbox – Additional parameter available for Rectangle object. When this option is enabled, the rates labels will appear at the edges of the directing line. By default it is enabled.
Show price label color – Left click on the color sample to select the label color;
The object settings dialog box can be accessed in three ways:
–Click the Object Settings button on the chart toolbar, when the object is selected:
–Right-click on the object, and then click Settings.
–Double-click on the object plotted in the chart.
Pop-up Hints
A pop-up hint with the details/values appears when hovering mouse pointer over an indicator or a candle.
Actions with Chart Objects
It is possible to copy, paste, and link manually plotted chart objects.
The Copy function allows you to copy any selected indicator or manually plotted chart object (such as trendlines, text labels, horizontal/vertical lines, etc.) into the exchange buffer. The copied object can then be pasted into another chart. The manually plotted objects are pasted to exactly the same coordinates as in the original chart. Copying an indicator means applying its formula with the same settings to another chart, so while the indicator would have different values, it would retain the color, period and other settings from the first chart.
The Link function allows you to display a selected object in all other charts of the same instrument that are currently open or will be opened in the future. Linking means that after the object is copied to other chart(s), the object on the parent chart and the objects on the other chart(s) would be linked to each other, so that a change in one of the objects would make all the other ones change correspondingly.
If you fix an object on chart, that object will not move if you accidentally click on it.
Object Selection
To copy or link an object, first select it by clicking on it. The manually plotted object will be highlighted (i.e. the dot markers will appear):
The embedded indicator line(s) will be displayed bold with dots on the edge(s):
A standalone indicator will be marked with dots on the corners of its frame:
You can deselect an object by selecting another object or clicking anywhere else in the chart.
To select several objects, hold the Ctrl button while clicking on them.
Pressing Ctrl+A will select all the objects in the currently active chart (including the manually plotted objects and the indicators). You can also choose the Select All Objects option from the right-click menu of the chart:
Object Copying
To copy the selected objects, press Ctrl+C or choose the Copy Selected Objects option from the right-click menu of the chart:
Also, to copy a single manually plotted object, you can right-click on it, and select the Copy Object option from the context menu of this object:
Object Pasting
To paste the copied object(s), choose the Paste Objects option from the right-click menu of the chart:
You can also press Ctrl+V to paste the object(s) from the exchange buffer. However, the following matters should be considered:
•It is impossible to paste manually plotted chart objects into the chart with different instrument, although it is always possible to paste an indicator.
•It might also be impossible to paste a manually plotted chart object into the chart because of the different timeframe.
•If a manually plotted chart object cannot be pasted into a chart, you will receive an error message. The messages are listed below:
Reason |
Message |
---|---|
Different instrument |
You cannot paste objects to a chart with different instrument |
A chart object lies in the different timeframe |
The object(s) cannot be pasted into this chart, because it lies outside of the timeframe of this chart |
Object Linking
To link the selected objects and indicators, choose the Link Selected Objects option from the right-click menu of the chart:
Also you may right-click on any manually plotted object in the chart and choose the Link Object option:
After the Link Objects option is chosen, all the selected manually plotted objects become linked to all the charts of the same currency (the currently open ones as well as those that will be opened in the future). The selected indicators link to all the charts regardless to the instrument and time interval.
•The object(s) on the parent chart and the object(s) on other charts will be linked to each other, so that a change in one of the objects would make the related objects on the other charts change correspondingly.
•When you delete an object(s) which is linked to the object(s) on other charts, this object will be deleted on all charts.
•The linked objects are stored in the application memory, until they are manually deleted from the charts, or all the charts on which they are plotted are closed, or the chart history on which they are plotted is deleted
•After you relogin, the links for all the objects will remain in the system
To unlink the objects, select the Remove Links option from the right-click menu on the chart or from the context menu of the linked object (if the object is not linked or there are no linked objects on the chart at all, the option will be grayed-out). When you select Remove Links, the links for all the selected objects will be removed (these objects will not be displayed on any chart except for the current chart).
You may also select the Remove All Links option from the right-click menu on the chart, and after that the links for ALL linked objects will be removed (the objects will not be displayed on any chart except for the current chart).
Show Linked Objects button
To display all the linked objects in the chart, enable the Show Linked Objects button. The button is highlighted indicating that the mode is engaged. When the button is disabled, all the linked objects are hidden from the chart. By default, the button is enabled.
Object Fixing
To fix an object on chart, right-click on any manually plotted object in the chart and choose the Fix Object option:
Now if you click and drag the object, it will not move. This feature is designed to protect you from accidentally moving plotted objects over the chart.
To unfix an object (make it movable), right-click on it and remove the check mark from the Fix Object option.
The copy and link operations are restricted by the instrument and time interval of the charts. The table below shows which operations are possible, and which are impossible:
|
Indicators |
Manually plotted objects |
---|---|---|
Copying/Linking to a chart with the same instrument and time interval |
YES |
YES |
Copying to a chart with a different instrument and the same time interval |
YES |
NO |
Copying to a chart with a different time interval and the same instrument |
YES |
YES – only if the chart includes the timeframe in which the object is plotted |
Linking to a chart with a different instrument |
YES |
NO |
Linking to a chart with a different time interval |
YES |
YES – the object will be displayed only if the chart includes the timeframe in which the object is plotted |
Chart Settings
To open the chart settings menu, click on the button on the chart toolbar, or select Chart Settings from the chart right-click menu.
The Chart Settings window is organized into a tree with 3 main branches:
Common
In Common settings, you can customize the overall display of various components of the chart. This section is divided into Chart Field and Display tabs.
The Chart Field tab contains the settings configuring the chart front-end:
•Load Candles setting allows to set the number of candles (ticks) that will appear on a particular chart. By default, the application loads only 366 candles to be displayed on the chart at a time (as a new candle appears on the chart, the first one (the eldest) disappears). But you can change this value by using the up/down arrows or manually entering the values into the box).
The value of this parameter is saved when you save the chart using the ‘Save Current Chart’ button on the chart toolbar or ‘Save Current Chart’ option in the chart context menu.
This parameter is also saved for the current chart instance, when you change the number of Load Candles for a specific chart, leave the chart open and re-log in to the application. This chart will be loaded with the same number of candles that had been set up before.
If you save your desktop profile with a custom number of loaded candles on the open chart, the number of candles will be saved for this chart as a part of the profile.
•On Mouse Wheel – configures the mouse wheel to either scroll or zoom the chart.
•Use Embedded chart labels – this checkbox allows to move the last candle information and separated indicators’ labels inside the chart area:
This functionality can help you to save the screen space when working with the large number of different windows (charts).
•Hide Toolbar checkbox also helps to increase the chart’s working space. This functionality hides the toolbar and horizontal scrollbar on the selected chart. The functionality can be accessed via the right-click menu (“Hide Toolbar”) as well as from the Chart Settings dialog.
•Change number of candles on resize – this option is useful for those who often modify the chart window’s size – it changes the behavior of the chart data and windows width.
– If the box is checked, then resizing the window will not change the size of displayed candles, instead it will increase or decrease their number to fit the window width.
– If the box is unchecked, then resizing the window will resize the displayed candles, while their number remains fixed.
Original chart
Resize with the “Change number of candles on resize” option checked Resize with “Change number of candles on resize” option unchecked
Note: To use the “Change number of candles on resize” function it is required to have the OS Windows setting “Show window contents while dragging” checked.
Corresponding OS Windows setting can be found by the following path: Control Panel -> System and Security -> System -> Advanced system settings -> Performance Options -> Visual Effects – > Show window contents while dragging
•Use spaces after last candle [in candles] – allows to set a space between the last candle and the right border of the chart after refreshing the chart or changing instrument/chart timeframe. It helps to visually indicate the last candle on the chart.
This setting will also be useful if you work with the large number of small charts.
Note: This parameter affects all types of charts (Candles, Bars, Lines), but the space width is calculated based on candle size.
•Number of loaded candles on scroll [in candles] setting allows to automatically upload preselected number of candles to the chart when working with the historical data by clicking on the left scroll arrow (when the scroll is at the left-most position).
Note: This parameter affects all types of charts (Candles, Bars, Lines), but the amount of preloaded information is calculated based on number of candles.
The Display tab allows to show/hide various graphical elements inside each chart:
•Current Rate Label View allows to select how current Bid/Ask rates are indicated on chart.
There are two different types of Rate Label representation: “Spread” (standard) and “Bid/Ask Arrows”
Chart with Spread Current Rate Label:
Chart with Bid/Ask Arrows Current Rate Label
Chart with Rate Label hidden:
•Separating Horizontal Lines each [in pips] – this setting is similar to “Separating Lines each [in candles]” (see below). It allows adding horizontal lines with the specified number of pips. For example you can easily create the net with the 50 pips steps. This is very useful for those who use manual chart analysis.
•The Separating Lines tool allows the trader to add vertical separating lines onto charts. This is useful for visually separating the price chart into sectors by: candles, minutes, hours, days, or months.
•Show Open/Closed Positions, Show Orders, Show Price Alerts – allows to add positions, orders, and price alerts markers on the chart. You can also show/hide these markers from the chart toolbar
•Hide Trendline Labels – allows hiding the labels of all trendlines displayed on the chart. This setting affects already created and newly added trendlines
Colors
In Color settings, you can modify colors of various aspects of the chart. In addition, you can reset the chart colors to the default setting.
All color settings are grouped into four tabs: General, Chart Data, Chart Objects and Trade Objects
•The General tab contains the settings affecting the overall chart field:
The Current Rate… colors apply to the rate indication selected in the Current Rate Labels View setting in Common > Display tab of the Chart Settings
– The Current Rate Label setting defines the color of Spread highlight:
– The Current Rate Arrow Ask Label and Current Rate Arrow Bid Label define the colors of Bid/Ask Arrows
•The Chart Data tab groups the colors of candles, bars, line chart types.
With these settings you can set independent color indication for the chart in different modes: Candles, Bars and Line
•The Charts Objects tab consists of chart objects’ color settings (lines, alerts, labels etc.)
On this tab you can set the colors of Trend, Horizontal, Vertical, Crosshair lines separately. |
The Lines Labels setting allows to change label color for all lines shown on an active chart. |
•The Trade Objects tab consists of the color settings of trade objects represented on the chart: Open/Closed positions, Conditional/Entry Orders.
Fonts
In Fonts settings, you can modify the fonts of various labels on the chart:
Note: The Autochartist branch appears in the Chart Settings only if Autochartist plug-in is purchased in FXApps. This branch allows to customize the display of Autochartist patterns on chart.
On each tab you click the Reset to Default link to reset the corresponding settings to default.
Dealing Rates window
The Dealing Rates window displays current rates as provided by the dealing desk for each instrument. By default the arrangement of instruments in this window is the same as in the in the Instruments window. However you can modify the list of instruments in several ways.
Rearranging: It is possible to change the arrangement of instruments in the Dealing Rates window by clicking and dragging the instruments. Position the mouse over the instrument name. When the cursor turns to , click and drag the instrument.
Removing: If you drag an instrument from the Dealing Rates window outside the window boundary and release the cursor, the instrument will be removed from the Dealing Rates window and opened as an Individual Dealing Rate window.
Cloning: You can Ctrl+click on an instrument in the Dealing Rates window and drag it outside the window. This will open an Individual Dealing Rate window for that instrument without removing the instrument from the Dealing Rates window.
Resizing: When the Dealing Rates window is resized, the size of the individual dealing rates within the window will automatically adjust to the new size of the window. The number of columns in the Dealing Rates window is set in the window settings, and remains fixed regardless of the size of the window.
Note: The Bid/Ask buttons and the instrument header have a fixed height, but not a fixed width. The tick charts do not have a fixed size.
Right click menu
To access this menu, right-click on an instrument in the Dealing Rates window.
Menu commands:
Individual Dealing Rate window
Opens an Individual Dealing Rate window for the clicked instrument.
or
Note: This window may have extra options, depending on the “One Click Trading” setting.
Open Chart
Opens the Charting tool. The instrument on which you clicked will be preselected.
Price Alert
Allows you to set a Price Alert for the selected instrument.
Read about Price Alerts
Instrument Catalog
Opens the Instrument Catalog.
Market Order
Allows you to place a market order.
Entry Stop, Entry Limit Order
Allows you to place Entry Stop and Entry Limit orders.
Entry OCO
This option allows you to create an OCO (One Cancels the Other) pair of Entry orders on this instrument.
Unsubscribe Instrument
This command will unsubscribe you from the selected instrument.
A confirmation pop-up will appear.
Note: You cannot unsubscribe from an instrument if you have any open positions/orders on that instrument.
If you have any open charts with the instrument selected, the charts will be automatically closed, after you confirm the following message:
After unsubscribing from an instrument, that instrument will no longer appear in any windows/charts. You will not receive a feed for that instrument.
Why unsubscribe?
The ability to unsubscribe from instruments allows you to customize your trading application to only show the instruments you are interested in trading. This way you can reduce interface clutter and in some cases improve performance.
Preferences
Settings
Allows you to change settings and modify window appearance.
This window allows you to hide/unhide different instruments, as well as sort them alphabetically, by default, or in custom order. (To sort instruments in custom order please set sort type to “Custom” and use the up and down arrows in the window interface to change the order of individual instruments).
To search for instruments,enter one or more characters of the instrument name in the Find Instrument box and click the up/down arrows to toggle through the results. Note that you can only search inside one box at a time. Click inside a box (Invisible Instruments or Visible Instruments) to select that box’s instruments for searching. The name of the selected box will be highlighted.
Font
Allows you to change the window’s font.
Refresh
Refreshes window content.
Dealing Rates Table window
The Dealing Rates Table window is a simplified replica of Dealing Rates window. It displays executable rates as provided by the dealing desk.
Pop-up menu 1
To access this menu, right-click on a column header in the Dealing Rates Table window.
Menu commands:
Set width to fit data Readjust columns’ width to fit data.
Brings up the ‘Customize Columns’ dialog, where you can choose which columns are visible (checked) and which are hidden (unchecked). You can also drag and drop individual columns to organize them in custom order. Clicking the Default button will return the columns to their default order. Click OK to save your changes, or click Cancel to discard your changes and close the dialog.
Default Sorting Restores default sorting order for columns. (The default sorting refers to the default way in which records in the window are sorted; this does NOT refer to the order in which the columns appear.)
|
Allows you to search for instruments in the window. Enter one or more characters in the instrument name and click Next to toggle through the results. Instruments meeting the search characteristics will be highlighted. |
Opens the Charting tool. The instrument on which you clicked will be preselected. |
Settings Allows you to change settings and modify window appearance.
This window allows you to hide/unhide different instruments, as well as sort them alphabetically, by default, or in custom order. To sort instruments in custom order, set the sort type to “Custom” and use the up and down arrows in the window interface to change the order of individual instruments. To search for instruments,enter one or more characters of the instrument name in the Find Instrument box and click the up/down arrows to toggle through the results. Note that you can only search inside one box at a time. Click inside a box (Invisible Instruments or Visible Instruments) to select that box’s instruments for searching. The name of the selected box will be highlighted.
Rate updates This section allows you to customize the price update indication in the Dealing Rates Table window.
•Highlight Instrument: check this checkbox to set the highlighting of the instrument name at the moment when the rate update arrives. This setting gives you an additional idea about how often the prices come in. Regardless of whether it was the Bid or Ask rate that updated, the instrument name will be highlighted with a specified background color (Highlight color box), and will stay lit for a specified period of time (Highlight duration box). After that it returns to a normal background. By default highlight function is disabled •Rate fonts: this section allows to specify the font color of updated Bid and Ask rates in the Dealing Rates Table window You can specify three colors: –Rate up color –Rate down color –Rate unchanged color Depending on the new rate as compared to its previous value, its font color will change in accordance with these parameters. Bid and Ask rates change colors independently as their updates arrive. Font Allows you to change the window’s font.
Color Allows you to change the window’s background.
|
Refreshes window content. |
Pop-up menu 2
To access this menu, right-click on a record within the Dealing Rates Table window. Commands that are available in this menu are identical to those in the Dealing Rates window pop-up menu.
Individual Dealing Rate windows

Individual Dealing Rate windows can be opened by right-clicking on an instrument in the Dealing Rates window, Dealing Rates Table window or the Instruments window, and selecting Individual Dealing Rate Window.
Note: Multiple Individual Dealing Rate windows can be open simultaneously.
Note: This window may have extra options, depending on the “One Click Trading” setting.
Placing orders from the Individual Dealing Rate window
Clicking on the Buy/Ask or Sell/Bid rate will open a new Market Order window.
Right-clicking on the rates will open the following menu:
This menu provides the same functionality as the corresponding commands in the in the Dealing Rates window menu.
Orders window
Orders Window Columns
Account
Account number
InstrT Displays type of instrument (type to which instrument belongs). Appears depending on your system configuration.
Owner
For trading and testing accounts: last name or login of the account money owner
For managed accounts: Trader’s last name or login
Order
Order number
Ticket
Ticket number for the existing open position. If there is no open position associated with the order, the “Ticket” field will be empty. The ticket number is not the same as order number.
Ticket Rate
For orders to close an existing position, the Ticket Rate column shows the rate at which the parent position was opened.
T
Type of order:
I – (Initiating) Market order aimed at opening a position – white background (proximity cell is highlighted in green)
J – Initiating order with insufficient usable margin to activate – grey background
C – Market order aimed at closing of a position – white background (proximity cell is highlighted in green)
M – Close order initiated by margin call event – coral background
F (Failed)- entry order with insufficient usable margin for execution: Entry order triggered, account did not have sufficient usable margin to execute the Entry order
SF (Stop Failed) – stop order failed to execute as a result of Margin Call on account: Stop order triggered when account was in Margin Call
LF – (Limit Failed)- limit order failed to execute as a result of Margin Call on account: Limit order triggered when account was in Margin Call
R – Temporary state; rejected (re-priced) I order
T – Temporary state; rejected (re-priced) C order
All the above orders are displayed on grey background, like J orders.
S – Stop order
L – Limit order
ES – Entry Stop order
EL – Entry Limit order
Not triggered – white background
Not triggered but within imminent distance – white background (proximity cell is highlighted in yellow)
Triggered – white background (proximity cell is highlighted in green)
Instrument
Instrument name
Lot
Order amount measured in lots
Amt,K
Order amount in contract currency measured in thousands (Amt,K = number of lots \* contract size/1000)
B/S
B=Buy order; S=Sell order
Bid
Order rate
•shown in black if the order is to enter the market
•shown in red if the order is to exit the market
Ask
Order rate
•shown in black if the order is to enter the market
•shown in red if the order is to exit the market
Proximity
Shows how many pips the order rate is away from the market rate.
Note: Proximity column for I, C and triggered ES, EL, L, S orders shows “pending”.
For M orders Proximity column is empty.
Tr.Stop (Trailing Stop)
Indicates the Trailing Stop Distance (in pips).
Trailing Stop works as follows: If the market price moves UP for a Buy position/DOWN for a Sell position, then the Trailing Stop moves with the market price, following it at the pre-set distance. If the market price moves DOWN for a Buy position/UP for a Sell position, then the Trailing Stop remains fixed and, if the market price reaches the Trailing Stop price, the order will be executed.
Predef. Stop
Shows the predefined Stop order for the entry order. This pre-set Stop will become an actual Stop Order after the parent Entry Order is triggered and executed.
Predef. Limit
Shows the predefined limit for the entry order. This pre-set limit will become an actual Limit after the parent Entry Order is triggered and executed.
OCO
If this order is part of an OCO pair, this field displays the number of the other order in the pair.
Created By
Shows which of the following was responsible for the creation of the order:
•Order was created manually by a trader. (The “Created By” column will be empty.)
•Order was created by a strategy. (The “Created By” column will display the name of the strategy).
Time
Time of order generation
Comment
Shows comments created by a trader on orders.
Shows comments created by a trader on open positions.
Trade ID Shows Trade ID, an identifier assigned to every new position at the moment of position opening, in the same way as is the ticket ID.
Note: You can select which columns appear in the Orders window. Right-click on the header, select Columns, select Customize, and check the check boxes next to the columns that you want to appear in the Orders window.
Pop-up menu 1
To access this menu, right-click on a column header in the Orders window.
Menu commands:
Columns
Set width to fit data
Readjust columns’ width to fit data.
Customize
Brings up the ‘Customize Columns’ dialog, where you can choose which columns are visible (checked) and which are hidden (unchecked). You can also drag and drop individual columns to organize them in custom order. Clicking the Default button will return the columns to their default order. Click OK to save your changes, or click Cancel to discard your changes and close the dialog.
Default Sorting
Restores default sorting order for columns. (The default sorting refers to the default way in which records in the window are sorted; this does NOT refer to the order in which the columns appear.)
Preferences
SettingsAllows you to change settings and modify window appearance.
See more details
Font
Allows you to change the window’s font.
See more details.
Color
Allows you to change the window’s background.
See more details.
Date/Time
Allows you to change the format in which date/time are shown in the window.
See more details.
Export Data to Excel
This command allows you to export Orders window data into an Excel spreadsheet.
You will be able to save the data into a folder of your choice as an XLS file:
Open the file in Excel to view the data:
Refresh
Refreshes window content.
Pop-up menu 2
To access this menu, right-click on a record within the Orders window.
Modify Order
Enables you to change the amount and/or rate of an already placed Entry Order.
Right-click within the order record and select Modify Order. A dialog box will appear:
Note: This option becomes unavailable on Entry orders that are already triggered.
OCO Link
The OCO Link commands allow you to bind and unbind Entry orders into OCO pairs. You can set an OCO Link to an existing Entry order, set an OCO Link to a new Entry order, or unbind the Entry order, if it is already part of an OCO pair.
Set to Existing Order
This command is only available if you have selected an Entry order. It allows you to bind this Entry order into an OCO pair with another, existing Entry order.
The dialog box will appear:
If there are existing OCO linkable orders, they will be listed in the drop-down box.
If the original order is already part of an OCO pair, the dialog box will contain a warning:
Remember, there are limitations on the types of orders that can be part of an OCO pair.
Set To New Order
This command is only available if you have selected an Entry order. It allows you to create a new Entry order as an OCO to the Entry order you have selected.
The Entry Order dialog box will appear:
The “Create as OCO for order” check box will be checked. The order on which you clicked will be automatically selected. All other orders which can be OCO pairs with the new order are also available in the drop-down box.
In either case, if you try to bind a new Entry order to an existing Entry order that is already part of an OCO pair, the system will display a warning:
Remember, there are limitations on the types of orders that can be part of an OCO pair.
Unbind OCO
This command is only available if you have selected an Entry order that is already part of an OCO pair. It will unbind this order from its OCO partner order.
You will receive a confirmation pop-up:
Click OK to unbind the orders.
Remove Order
Allows you to remove market (I and C) and not-triggered conditional orders. Right-click within the order record and select Remove Order. The confirmation dialog box will appear.
Press OK. The order will be removed.
Note: To remove several orders at once, hold CTRL while selecting them.
Stop/Limit
Allows you to set a stop and/or limit conditions on the entry order. Right-click anywhere within the order record and choose Stop or Limit from the pull-down menu. The Stop/Limit dialog box will appear:
Enter the rate and press OK. The Stop/Limit rate will appear in the corresponding column of the order record.
In addition to the ‘Rate’ entry box, the Stop and Limit dialog boxes include the entry boxes: ‘Distance in pips’ and ‘Projected PL’.
•Distance in pips: The difference in pips between the proposed stop order rate and the current market rate.
•Projected PL: The projected profit or loss on the position if the proposed stop/limit order is executed.
The three entry boxes complement each other. They are both informative and functional.
You can adjust order parameters by editing any of the three boxes. When the value of one box is changed, the other two boxes adjust automatically. For example, if you have a profitable position, you may want to close it if the profit declines to $500. You can simply input 500 into the Projected PL box. The Rate and Distance in pips boxes will automatically adjust to the correct values to ensure that the stop order is executed when the profit drops to $500.
Note: To place a regular Stop (not a Trailing Stop) on an entry, make sure the “Set Trailing Stop Distance” check box is unchecked. Clicking the trailing stop check box will gray out the other 3 boxes.
Trailing Stop
Allows you to set the Trailing Stop distance on Entry Orders.
(Trailing Stop works as follows: If the market price moves UP for a Buy position/DOWN for a Sell position, then the Trailing Stop moves with the market price, following it at the pre-set distance. If the market price moves DOWN for a Buy position/UP for a Sell position, then the Trailing Stop remains fixed and, if the market price reaches the Trailing Stop price, the order will be executed.)
As soon as the corresponding Entry order is executed, the Trailing Stop order will be opened on the new position. The initial Trailing Stop rate will be the “current” closing rate adjusted for trailing distance.
To set the Trailing Stop distance, right-click anywhere within the order record and select Trailing Stop from the menu.
The Stop/Trailing Stop dialog box will appear:
Note: The “Set Trailing Stop Distance” check box should be checked.
Preferences
Settings
Allows you to change settings and modify window appearance.
Font
Allows you to change the window’s font.
Color
Allows you to change the window’s background.
Date/Time
Allows you to change the format in which date/time are shown in the window.
Export Data to Excel
This command allows you to export Orders window data into an Excel spreadsheet.
You will be able to save the data into a folder of your choice as an XLS file:
Open the file in Excel to view the data:
Refresh
Open Positions window
The total number of open positions and lots (for systems that show trades in lots) are shown in the window’s title bar (these figures do not include Testing accounts).
Open Positions window columns
Account
Account number
AcT
Account type
T – Trading
B – Banking
C – Clearing
G – The group account that represents a group of managed accounts
TST- Testing
InstrT Displays type of instrument (type to which instrument belongs). Appears depending on your system configuration.
Owner
For trading and testing accounts: last name or login of the account money owner
For managed accounts: Trader’s last name or login
Ticket
Position number ID
Instrument
Instrument name
Lot(Amount)
Trade amount measured in lots(amounts)
Amt,K
Trade amount in contract currency measured in thousands (Amt,K = number of lots * contract size/1000)
B/S
B=Buy position; S=Sell position
Open
Opening rate of the position
Close
Current rate at which the position can be closed
BEP
Break-even point – minimal rate at which this position (if closed) will not carry any losses
Stop/Limit
Stop and Limit prices set by the trader on the position
Tr.Stop (Trailing Stop)
Indicates the Trailing Stop Distance (in pips).
Trailing Stop works as follows: If the market price moves UP for a Buy position/DOWN for a Sell position, then the Trailing Stop moves with the market price, following it at the pre-set distance. If the market price moves DOWN for a Buy position/UP for a Sell position, then the Trailing Stop remains fixed and, if the market price reaches the Trailing Stop price, the order will be executed.
Lot P/L
Profit or loss on a position (in pips) at the current moment. Is calculated for the position without taking into consideration number of lots.
Lot P/L is calculated according to the following formula:
Sell price – Buy price = Lot P/L
Example for 2 lots GBP/USD contract initially bought at 1.7505 then sold (closed) at 1.7540: 1.7540 (sell price) – 1.7505 (buy price) = .0035 positive pip difference = 35 pip profit
P/L
Gross profit or loss on a position (in pips) at the current moment
Calculating Direct Rate P/L (Profit/Loss) P/L for direct rates is calculated as follows: Formula: (Sell price – Buy price)* number of Lots = P/L
Example for 2 lots GBP/USD contract initially bought at 1.7505 then sold (closed) at 1.7540: 1.7540 (sell price) – 1.7505 (buy price) = .0035 positive pip difference = 35 pip profit * 2 lots = 70 pip profit
Calculating Indirect Rate P/L (Profit/Loss) P/L for indirect rates is calculated as follows: Formula: (Sell price – Buy price) * number of lots = P/L Example for 1 lot USD/JPY contract initially bought at 120.50 then sold (closed) at 120.30: 120.30 (sell price) – 120.50 (buy price) = -.20 negative pip difference = 20 pip loss * 1 lot = 20 pip loss
Calculating Cross Rate P/L (Profit/Loss) P/L for cross rates is calculated as follows: Formula: (Sell price – Buy price)* number of lots = P/L Example for 3 lots EUR/GBP contract initially sold at 0.6760 then bought (closed) at .6750: 0.6760 (sell price) – .6750 (buy price) = .0010 positive pip difference = 10 pip profit * 3 = 30 pip profit
Com
Total commission charged by the system at the opening of this position
Fee
Total amount of transaction fees charged by the system at the opening of this position
Roll
Total amount of premium applied to this position
Fut Roll Adj
Amount of future rollover adjustment (in system base currency).This column shows the total sum of the futures rollover adjustment applied during the trade’s lifetime.
Future rollover adjustment=(first price of new feed-last price of old feed)*contract size*lots#. The sign of the adjustment depends on whether the new price is higher or lower than the last price of the preceding time interval feed and on the position direction – Buy or Sell.
Opn/Close Charge
Trade charge is an amount in the system base currency set on account for every instrument, paid per trade at position’s Opening or Closing, or at both Opening and Closing.
Net P/L
Net profit or loss on a position (in base currency) at the current moment. Commissions and Overnight Rollover are taken into
account. Positive P/L values have a green background; negative P/L values have a red background; zero P/L values have a white background.
Net P/L = Gross P/L – Commission – Transaction Fee +/- Overnight Rollover Fee +/-Dividends – Trade Charge.
Time
Time the position was opened
Opened By
Shows which of the following was responsible for the opening of the position:
•Position was opened manually by a trader. (The “Opened By’ column will be empty.)
•Position was opened by a strategy. (The “Opened By column will display the name of the strategy.)
OM
Markup applied at the opening of the position
CM
Markup which will be applied at the closing of this position
PrOrd
The number of the order that initiated the opening of this position
GrpAcct
Number of the group account (only filled if the position was opened from the managed group)
Comment
Shows comments created by a trader on open positions.
Trade ID Shows Trade ID, an identifier assigned to every new position at the moment of position opening, in the same way as is the ticket ID.
Unlike the Ticket ID, Trade ID does no change when position is partially closed.
Trade Open Time
Shows Date and Time when the corresponding trade has been initiated.
While the position’s (ticket’s) open time is updated every time a position is partially closed (since, in essence a new position (ticket) is created, with the new ticket ID), the trade open time remains unchanged, indicating the moment when the initial position (trade) originated.
I.e. Trade Open Time will differ from the position’s Open Time only if the position has been partially closed. Otherwise these two values will be equal.
Note: You can select which columns will appear in the Open Positions window. Right-click on the header, select Columns, select Customize, and check the check boxes next to the columns that you want to appear in the Open Positions window.
Pop-up menu 1
To access this menu, right-click on a column header in the Open Positions window.
Menu commands:
Columns
Set width to fit data
Readjust columns’ width to fit data.
Customize
Brings up the ‘Customize Columns’ dialog, where you can choose which columns are visible (checked) and which are hidden (unchecked). You can also drag and drop individual columns to organize them in custom order. Clicking the Default button will return the columns to their default order. Click OK to save your changes, or click Cancel to discard your changes and close the dialog.
.
Default Sorting
Restores default sorting order for columns. (The default sorting refers to the default way in which records in the window are sorted; this does NOT refer to the order in which the columns appear
Show All Managed Positions
Show all Managed Positions
Select this to display individual positions for ALL managed (group) positions. They will be shown underneath their respective parent group positions. The color of individual positions will be a couple of tones lighter than the color of their parent managed position.
Note: If you don’t have any managed accounts, this option will be hidden
Preferences
Settings
Allows you to change settings and modify window appearance.
Font
Allows you to change the window’s font.
Color
Allows you to change the window’s background color.
Date/Time
Allows you to change format in which date/time are shown in the window.
Export Data to Excel
This command allows you to export Open Positions window data into an Excel spreadsheet.
You will be able to save the data into a folder of your choice as an XLS file:
Open the file in Excel to view the data:
Note: In the Open Positions window, certain display modes (‘Show Managed’, ‘Show All Managed’) may show overall group positions as well as their individual managed positions. If this data is exported into Excel as-is, then there will be repetition in the data. When attempting to export such data, the user will see the following message:
Click OK to proceed, or click Cancel, and unselect all ‘Show Managed’ options before exporting.
Refresh
Pop-up menu 2
To access this menu, right-click on a record within the Open Positions window.
Menu commands:
Show Managed/Show All Managed Positions
Show Managed
Click to display individual positions from a managed position. They will be shown under the parent group position. The color of individual positions will be a couple of tones lighter than the color of their parent managed position.
Note: This option is only available for positions opened from group (managed) accounts.
Show All Managed Positions
Click to display individual positions for ALL managed positions. They will be shown underneath their respective parent group positions. The color of individual positions will be a couple of tones lighter than color of their parent managed position.
Note: If you don’t have any managed accounts, these options will be hidden.
Stop/Limit
Click here to view a video tutorial on this feature.
Allows you to set a Stop or Limit order on an existing open position.
Enter the rate and press OK. The Stop/Limit rate will appear within the order record.
Note1: The allowed price range is shown to the right of the price field.
Note2: To place a regular Stop (not a Trailing Stop) order make sure the “Set Trailing Stop Distance” check box is unchecked.
In addition to the ‘Rate’ entry box, the Stop and Limit dialog boxes include the entry boxes: ‘Distance in pips’ and ‘Projected PL’.
•Distance in pips: The difference in pips between the proposed stop order rate and the current market rate.
•Projected PL: The projected profit or loss on the position if the proposed stop/limit order is executed.
The three entry boxes complement each other. They are both informative and functional.
You can adjust order parameters by editing any of the three boxes. When the value of one box is changed, the other two boxes adjust automatically. For example, if you have a profitable position, you may want to close it if the profit declines to $500. You can simply input 500 into the Projected PL box. The Rate and Distance in pips boxes will automatically adjust to the correct values to ensure that the stop order is executed when the profit drops to $500.
Note: For instruments whose pip value is greater than 50 cents, Projected PL is shown to the nearest dollar. For instruments whose pip value is less than 50 cents, Projected PL is shown to the nearest cent.
Note: Clicking the trailing stop check box will gray out the other 3 boxes.
Trailing Stop
Allows you to set Trailing Stop orders.
Trailing Stop works as follows: If the market price moves UP for a Buy position/DOWN for a Sell position, then the Trailing Stop moves with the market price, following it at the pre-set distance. If the market price moves DOWN for a Buy position/UP for a Sell position, then the Trailing Stop remains fixed and, if the market price reaches the Trailing Stop price, the order will be executed.
To set the Trailing Stop distance check the “Set Trailing Stop Distance” check box in the “Stop Order” dialog box and enter the distance value in pips. Press OK. The Trailing Stop Distance value will appear in the “Tr.Stop” field of the position record and a Trailing Stop order will appear in the Orders window.
Note: The allowed price range is shown to the right of the price field
Trailing Stop Example (click to expand)
In this example, a BUY position is opened. A Trailing Stop is set with a trailing distance of 20 pips. (Figure 1)
Market price = 1.0045
Stop price = 1.0025
Figure 1
As the market price moves up, the Stop order will follow the market price at a distance of 20 pips. In the image below, the market price has moved up to 1.0054. The Stop order price is now 1.0034. (Figure 2)
Figure 2
If the market price begins to move down, the Trailing Stop order price remains fixed. In the image below, the market price has gone down to 1.0042. The trailing stop order price has remained at 1.0034. (Figure 3)
Figure 3
At this point, if the market continues to descend, the trailing stop order will be triggered when the market reaches 1.0034.
If, on the other hand, the market begins to rise, the trailing stop will remain at 1.0034 UNTIL the market price passes 1.0054 (20 pips away). At this point, if the market continues to rise, the trailing stop order price will start to rise as well, trailing the market price by 20 pips.
In this example, a BUY position is opened. A Trailing Stop is set with a trailing distance of 20 pips. (Figure 1) Market price = 1.0045 Stop price = 1.0025
Figure 1
As the market price moves up, the Stop order will follow the market price at a distance of 20 pips. In the image below, the market price has moved up to 1.0054. The Stop order price is now 1.0034. (Figure 2)
Figure 2
If the market price begins to move down, the Trailing Stop order price remains fixed. In the image below, the market price has gone down to 1.0042. The trailing stop order price has remained at 1.0034. (Figure 3)
Figure 3
At this point, if the market continues to descend, the trailing stop order will be triggered when the market reaches 1.0034. If, on the other hand, the market begins to rise, the trailing stop will remain at 1.0034 UNTIL the market price passes 1.0054 (20 pips away). At this point, if the market continues to rise, the trailing stop order price will start to rise as well, trailing the market price by 20 pips. |
Removing non-triggered Stops, Limits, and Trailing Stops
There are two ways to remove non-triggered Stop, Limit, or Trailing Stop orders.
1.Click on the rate (“Stop” or “Limit”) field within the position record. The Stop or Limit dialog box will appear. Click Remove.
-OR- |
2.Right-click on the position record and choose Stop, Limit, or Trailing Stop from the pop-up menu. The Stop or Limit dialog box will appear. Click Remove.
Close Position
Allows you to fully or partially close positions.
1.Enter the amount you wish to close (measured in lots) into the “Amount” field.
Note: By default you are offered to fully close the position.
2.Click OK to confirm the order. The position will be closed and the account information will be updated.
Note 1: You may have to wait for confirmation of the order by a Dealer. In this case the order will appear in the Orders window. Otherwise the order will be verified and either confirmed or rejected by the system.
Note 2: You can simultaneously close several positions using multi-select (holding CTRL while selecting individual positions). You can also close all open positions by right-clicking on the position record and selecting Select All from the pop-up menu.
In both cases, this confirmation dialog box will appear:
Click OK to close the selected positions.
Note, that the system will not allow you to close the position which already has existing C order waiting for the dealer’s confirmation.
If you select a position with a C order created earlier, you will receive the following message: “There is an existing C order [order number] to close [order amount] in ticket [ticket number]“.
A new C order will not be created
If you select several positions to close, the C orders will be created only for those positions which do not have existing C orders. The system will check your positions one by one, and if it finds a position with a C order created earlier, it sends the message described above, and stops checking the remaining positions.
Partial Close
When a position is partially closed, its original opening price and original parent order number does not change. Its ticket number and closing time is changed. Opening Time of the remaining part equals to the closing time of the amount for which position was closed.
Example:
8 lot position to Buy EURGBP at 85.19 was open 09/17/2010 at 1:27:29 PM. Ticket number 47822. Parent Order number 47821.
09/20/2010 at 09:50:48 AM this position was partially closed for 2 lots at 85.20.
As a result
In the Open Positions window, remaining part of the position (6 lots) has different ticket number 47941, parent order number (47821) and opening price (85.19) did not change. Opening time equals to the closing time of the amount for which position was closed 09/20/2010 at 09:50:48 AM.
In the Closed Positions window, 2 lots for which position was closed have initiate ticket number 47822. Opening time equals to 09/17/2010 at 1:27:29 PM, Closing time equals to 09/20/2010 at 09:50:48 AM.
Hedge Position
Allows you to hedge an existing unhedged position. “Hedging” refers to the opening of a new position that offsets an existing position on the same instrument. (For example, to hedge a 5 lot Buy position on EURUSD, you would open a 5 lot Sell position on EURUSD.) Right-click on the position record and select Hedge position. (This option is only available if hedging is allowed on your system.)
The “Hedge Position” dialog box will appear:
Enter the desired number of lots into the “Amount” field.
Note: By default, you are offered to fully hedge the position.
Note: No additional margin is required to hedge a position.
Press OK to confirm the hedge.
Note: You can hedge an existing unhedged position on an account with insufficient usable margin. You cannot, however, open a new position on an account with insufficient usable margin.
Close with hedge
Allows you to completely or partially close a hedged position together with its corresponding hedging position(s). “Hedging” refers to the opening of a new position(s) that offsets an existing position(s) on the same instrument. (This option is only available if hedging is allowed on your system.)
Note: You may have to wait for confirmation of the order by a dealer. In this case one order to close all positions will appear in the Orders window. Otherwise, the order will be verified and either confirmed or rejected by the system.
Reverse Position
Allows closing selected position(s) and opening new position(s) in the opposite direction for the same number of lots.
For example, there are two open positions:
Select both positions > right-click > select Reverse Position – existing positions will be closed and two new positions will open:
Lock In Profit
Allows closing selected positions and opening new positions in the same direction for the same number of lots
For example, there are two open positions:
Select both positions > right-click > select Lock In Profit – existing positions will be closed and two new positions will open:
Export Data to Excel
This command allows you to export Open Positions window data into an Excel spreadsheet.
You will be able to save the data into a folder of your choice as an XLS file:
Open the file in Excel to view the data:
Note: In the Open Positions window, certain display modes (‘Show Managed’, ‘Show All Managed’) may show overall group positions as well as their individual managed positions. If this data is exported into Excel as-is, then there will be repetition in the data. When attempting to export such data, the user will see the following message:
Click OK to proceed, or click Cancel, and unselect all ‘Show Managed’ options before exporting.
Preferences
Settings
Allows you to change settings and modify window appearance.
For more read :- Settings
Font
Allows you to change the window’s font.
For more read :- Appendices > Font
Color
Allows you to change the window’s background color.
For more read :- Appendices > Color
Date/Time
Allows you to change format in which date/time are shown in the window.
For more read :- Appendices > Date/Time
Refresh
Additional commands
Additional commands available in the Open Positions window:
Change Rate of Existing Order
Click on the “Stop” or “Limit” field of a position on which a Stop, Trailing Stop, or Limit already exists.
Change the order rate as desired.
Close Position
You can also close a position by clicking on its “Close” field.
If you click and drag across the “Close” fields of several positions, all those positions will be closed.
Note: Confirmation is required to perform a multiple closing.
Click OK to close all selected positions.
Instruments window
The Instruments window displays information about all the instruments traded on the system and provides access to the instruments’ settings and trading functionality.
Instruments window columns
Instrument
Instrument name
Bid
Dealer’s Bid rate
Ask
Dealer’s Ask rate
High/Low
Dealer’s highest and lowest rates for the current trading day (High Bid/Low Ask)
Bid/Ask Volume
The bid/ask volume is received with each tick and contains two values: a volume for the bid rate and a volume for the ask rate (both in millions). It indicates the maximum value for which a market order can be placed at the displayed rate.
Time
Time of the last update
NetChg
Net change in the Bid rate (in pips) since the opening of the trading day
% Change
Tracks the rate change for the instrument in % throughout the trading day.
% Change is calculated as follows:
((Current bid price) – (Bid price at opening of trading day)) / (Bid price at opening of trading day)
The resulting figure is expressed as a percent value, rounded to 4 digits, preceded by a plus or minus sign.
Pip Value
The value of one pip per one contract in system base currency at the current moment
Trade Step
Trade Step value – the smallest possible trade increment for trading on individual and group accounts.
Ovnt. Roll. Sell %, Ovnt. Roll. Buy %
Overnight rollover rates in base currency per one night per one lot. Amount paid to/charged from all positions that remained open at the end of the trading day and were rolled over to the next trading day.
MaxVol
The Maximum Order Volume setting for this instrument. This is the maximum amount for a single trade on this instrument.
Fut Roll Date
For Futures instruments, the expiration date for Futures. Will be displayed in the operation system’s format, set in the Control Panel.
NT Interval
Non trading time interval in the format of HH:MM:SS – HH:MM:SS
ImmD
Imminent Distance: Imminent Distance (in pips) per particular instrument.
Trader can set the Imminent Distance for particular instrument by clicking on the Imminent Distance field in the instrument record
Default: the imminent distance set in the Orders window is the default imminent distance for every individual instrument
Pop-up menu 1
To access this window, right-click on a column header in the Instruments window
Menu commands:
This will open the Instrument Catalog, where you can subscribe to and unsubscribe from different trading instruments. |
Set width to fit data Readjust columns’ width to fit data.
Customize Brings up the ‘Customize Columns’ dialog, where you can choose which columns are visible (checked) and which are hidden (unchecked). You can also drag and drop individual columns to organize them in custom order. Clicking the Default button will return the columns to their default order. Click OK to save your changes, or click Cancel to discard your changes and close the dialog.
Default Sorting Restores default sorting order for columns. (The default sorting refers to the default way in which records in the window are sorted; this does NOT refer to the order in which the columns appear.) |
Find Instrument
Allows you to search for instruments in the window.
Enter one or more characters in the instrument name and click Next to toggle through the results. Instruments meeting the search characteristics will be highlighted.
Instrument Catalog
Columns
Set width to fit data
Readjust columns’ width to fit data.
Customize
Brings up the ‘Customize Columns’ dialog, where you can choose which columns are visible (checked) and which are hidden (unchecked). You can also drag and drop individual columns to organize them in custom order. Clicking the Default button will return the columns to their default order. Click OK to save your changes, or click Cancel to discard your changes and close the dialog.
Default Sorting
Restores default sorting order for columns. (The default sorting refers to the default way in which records in the window are sorted; this does NOT refer to the order in which the columns appear.)
Preferences
Settings
Allows you to change settings and modify window appearance.
This window allows you to hide/unhide different instruments, as well as sort them alphabetically, by default, or in custom order. To sort instruments in custom order, set the sort type to “Custom” and use the up and down arrows in the window interface to change the order of individual instruments.
To search for instruments,enter one or more characters of the instrument name in the Find Instrument box and click the up/down arrows to toggle through the results. Note that you can only search inside one box at a time. Click inside a box (Invisible Instruments or Visible Instruments) to select that box’s instruments for searching. The name of the selected box will be highlighted.
Rate updates
This section allows you to customize the price update indication in the Instruments window
•Highlight Instrument: check this checkbox to set the highlighting of the instrument name at the moment when the rate update arrives. This setting gives you an additional idea about how often the prices come in.
Regardless of whether it was the Bid or Ask rate that updated, the instrument name will be highlighted with a specified background color (Highlight color box), and will stay lit for a specified period of time (Highlight duration box). After that it returns to a normal background.
By default highlight function is disabled
•Rate fonts: this section allows to specify the font color of updated Bid and Ask rates in the Instruments window
You can specify three colors:
–Rate up color
–Rate down color
–Rate unchanged color
Depending on the new rate as compared to its previous value, its font color will change in accordance with these parameters. Bid and Ask rates change colors independently as their updates arrive.
Font
Allows you to change the window’s font.
See more details on :- Appendices > Font
Color
Allows you to change window’s background color.
See more details on :- Appendices > Color
Date/Time
Allows you to change format in which date/time are shown in the window.
See more details on :- Appendices > Date/Time
Refresh
Refreshes window content.
Refreshes window content. |
Pop-up menu 2
To access this menu, right-click on the “Sell” or “Buy” field of a record within the Instruments window.
Menu commands:
Find Instrument
Allows you to search for instruments in the window.
Enter one or more characters in the instrument name and click Next to toggle through the results. Instruments meeting the search characteristics will be highlighted.
Individual Dealing Rate Window
Opens an Individual Dealing Rate window for the clicked instrument.
or
Note: The appearance of this window depends on the “One Click Trading” setting.
Open Chart
See all details on :- Chart . The instrument on which you clicked will be preselected.
Price Alert
Instrument Catalog
This will open the Instrument Catalog, where you can subscribe to and unsubscribe from different trading instruments.
Go to :- Windows & Commands > Dealing Rates window > Right-click menu > Individual Dealing Rate
Market Order
Allows you to place a market order.
Go to :- Trading Guide > Open a New Position (Market Order)
Entry Stop/Entry Limit
Allows you to place Entry Stop and Entry Limit orders.
Go to:- Trading Guide > Entry Orders
Entry OCO
This option allows you to create an OCO (One Cancels the Other) pair of Entry orders on this instrument.
Go To:- Trading Guide > OCO Orders > Creating OCO pair from scratch
Preferences
Settings
Allows you to change settings and modify window appearance.
This window allows you to hide/unhide different instruments, as well as sort them alphabetically, by default, or in custom order. To sort instruments in custom order, set the sort type to “Custom” and use the up and down arrows in the window interface to change the order of individual instruments.
To search for instruments,enter one or more characters of the instrument name in the Find Instrument box and click the up/down arrows to toggle through the results. Note that you can only search inside one box at a time. Click inside a box (Invisible Instruments or Visible Instruments) to select that box’s instruments for searching. The name of the selected box will be highlighted.
Rate updates
This section allows you to customize the price update indication in the Instruments window
•Highlight Instrument: check this checkbox to set the highlighting of the instrument name at the moment when the rate update arrives. This setting gives you an additional idea about how often the prices come in.
Regardless of whether it was the Bid or Ask rate that updated, the instrument name will be highlighted with a specified background color (Highlight color box), and will stay lit for a specified period of time (Highlight duration box). After that it returns to a normal background.
By default highlight function is disabled
•Rate fonts: this section allows to specify the font color of updated Bid and Ask rates in the Instruments window
You can specify three colors:
–Rate up color
–Rate down color
–Rate unchanged color
Depending on the new rate as compared to its previous value, its font color will change in accordance with these parameters. Bid and Ask rates change colors independently as their updates arrive.
Font
Allows you to change the window’s font.
For more details go to:- Appendices > Font
Color
Allows you to change window’s background color.
For more details go to:- Appendices > Color
Date/Time
Allows you to change format in which date/time are shown in the window.
For more details go to:- Appendices > Date/Time
Refresh
Refreshes window content.
Refreshes window content. |
Account Information window
Trading Accounts (T,white records) – regular trading accounts
Group Accounts (G, blue records) – a virtual account representing a group of trading accounts that trade as a single account; the ID number of group accounts account always starts with m.
Account Information window columns
Account
Account number
AcT
Account type
T – Trading
G – The group account that represents a group of managed accounts
TST- Testing
InstrT Displays type of instruments allowed for trading on account. Appears depending on your system configuration.
Owner
For trading and testing accounts: last name or login of the account money owner
For managed accounts: Trader’s last name or login
GrpAcct
ID number of the virtual group account (only filled if account is a part of virtual group (m) account)
Balance
Account balance
Equity
Account equity after the transaction. Equity = Balance +/- Floating P/L from Open Positions.
UsdMr
Summarized used margin of all positions open an account at the current moment.
UsblMr
Usable margin
EqtyLevel%
The value in this column is the percentage of equity to used margin. More specifically, it is the value in the Equity column divided by the value in the UsdMrgn column, and expressed as a percentage.
For example, if Equity = 1000 and Used Margin = 500, then the value of EqtyLevel% will be 1000/500 = 2 = 200(%)
MC
Margin Call – indicates if a margin call is issued on the account. Possible values: N – “no”, Y – “yes”, or (1, 2, 3) representing the level of the margin call
Mrgn Utiliz
Margin Utilization Indicator shows how much margin is currently utilized on an account. It displays the used margin as a percent of total equity on the account.
In the above image, the Margin Utilization indicator is at 34%. This means that the account is using 34% of its available margin.
Distance to ME
Distance to Minimum equity displays the difference between accounts’ current equity and Minimum equity set in ActAdmin.
SM (Short Margin)
Indicates if Short Margin status issued on account (balance < used margin). If this condition is met, the system sends a message to trader and closes the necessary number of the positions according to the FIFO (first in, first out) order on that account after the beginning of the next business day.
OP(Open Positions)
Number of open lots on this account
Com
Total commission charged from all of this account’s currently open positions
Fee
Total amount of transaction fees charged from all of this account’s currently open positions
Roll
Total amount of interest applied to this position
Fut Roll Adj
Amount of future rollover adjustment (in system base currency).This column shows the total sum of the futures rollover adjustment applied during the trade’s lifetime.
Future rollover adjustment=(first price of new feed-last price of old feed)*contract size*lots#. The sign of the adjustment depends on whether the new price is higher or lower than the last price of the preceding time interval feed and on the position direction – Buy or Sell.
Opn Charge (Open Charge)
Shows trade charge paid per trade at position’s Opening.
Trade charge is an amount in the system base currency set on account for every instrument, paid per trade at position’s Opening or Closing, or at both Opening and Closing.
Net$P/L
Summarized net profit/loss of all positions open on account at the current moment.
Net P/L = Gross P/L – Commission – Transaction Fee +/- Overnight Rollover Fee +/-Dividends – Trade Charge.
Cl. Charge (Close Charge)
Shows trade charge paid per trade at position’s Closing.
Trade charge is an amount in the system base currency set on account for every instrument, paid per trade at position’s Opening or Closing, or at both Opening and Closing.
DA
(Default Amount): The default number of lots for new positions on this account
Group
Group name. You can create a custom group name for selected accounts in order to keep them as a group when sorting accounts in this window (click on the “Group” field of the desired account)
Note: The Account Information window has a default sorting for sub-types of accounts that will not be changed any user-selected sorting. For example, group accounts will always appear above trading accounts. Changing the window sorting by clicking on any of the column headers will change the sorting inside each sub-type of account, but will never alter the underlying order of account sub-types.
OM
Opening markup, measured in pips
CM
Closing markup, measured in pips
A
Account Status – if “N” then the account is currently in inactive mode – no trades can be placed or closed for this account.
Pop-up menu 1
To access this menu, right-click on a column header in the Account Information window.
Menu commands:
Columns
Set width to fit data
Readjust columns’ width to fit data.
Customize
Brings up the ‘Customize Columns’ dialog, where you can choose which columns are visible (checked) and which are hidden (unchecked). You can also drag and drop individual columns to organize them in custom order. Clicking the Default button will return the columns to their default order. Click OK to save your changes, or click Cancel to discard your changes and close the dialog.
Default Sorting
Restores default sorting order for columns. (The default sorting refers to the default way in which records in the window are sorted; this does NOT refer to the order in which the columns appear.)
Select All Accounts
Allows you to highlight all accounts in the window with one click; right-click on the header and choose Select All Accounts.
Lock All Accounts
If you have more than 1 account in the Account Information window, and you have selected all the accounts, the Lock All Accounts option becomes available. This feature is useful for traders who often trade from 2 or more accounts simultaneously. With this feature, your accounts will remain selected indefinitely, until you manually unlock the accounts.
While all the accounts are selected, right-click on an account one more time. The Select All Accounts command has been replaced by a new command: Lock All Accounts. Click Lock All Accounts.
The accounts are now ‘locked’ in the highlighted state. Clicking within the Account Information window will not deselect any accounts. You can shut down the application, and when you start it up again, the accounts will still be selected.
Unlocking All Accounts
To unlock the accounts, right-click on an account. The command Lock All Accounts has been replaced by Unlock All Accounts. Click Unlock All Accounts.
The accounts are still selected, but they are now unlocked. Click anywhere within the Account Information window to deselect the accounts.
Traders with one account
The Lock All Accounts feature is only available if there are 2 or more accounts present in the Account Information window. If there is only one account in the Account Information window, the command is absent from the right-click menu:
Show All Managed
Click to display the individual accounts for ALL managed accounts. They will be shown underneath their respective parent group accounts. The color of the individual accounts will be a couple of tones lighter than color of their parent managed account.
Note: If you don’t have any managed accounts, this option will be hidden.
Organize Managed Accounts
The Organize Managed Accounts window is available if you have 2 or more accounts. The window allows you to create and manage group accounts.
The window contains two lists of accounts. You can select a group account by choosing the appropriate account number from the drop down box at the top of the list. The list under the drop down box contains all of the accounts that are a part of the group specified in the drop down box. You can move accounts between the two lists by selecting the account or several accounts and using the buttons > and <. You can move accounts from the Non-Managed pool to a group account, from a group account to the Non-Managed pool, or from one group account to another group account.
You can create a new group account by clicking the button “Create New Group”. The new group is created empty. You cannot create a new group if you already have an empty group.
Accounts cannot be moved in or out of a managed group if there are certain open orders or positions on the group or the account.
Preferences
Font
Allows you to change the window’s font.
See more details on this page :- Appendices > Font
Color
Allows you to change the window’s background.
See more details on this page :- Appendices > Color
Refresh
Pop-up menu 2
To access this menu, right-click on a record within the Account Information window.
Menu commands:
Select All Accounts
Allows you to highlight all accounts in the window with one click; right click on a record and choose Select All Accounts.
Lock All Accounts
If you have more than 1 account in the Account Information window, and you have selected all the accounts, the Lock All Accounts option becomes available. This feature is useful for traders who often trade from 2 or more accounts simultaneously. With this feature, your accounts will remain selected indefinitely, until you manually unlock the accounts.
While all the accounts are selected, right-click on an account one more time. The Select All Accounts command has been replaced by a new command: Lock All Accounts. Click Lock All Accounts.
The accounts are now ‘locked’ in the highlighted state. Clicking within the Account Information window will not deselect any accounts. You can shut down the application, and when you start it up again, the accounts will still be selected.
Unlocking All Accounts
To unlock the accounts, right-click on an account. The command Lock All Accounts has been replaced by Unlock All Accounts. Click Unlock All Accounts.
The accounts are still selected, but they are now unlocked. Click anywhere within the Account Information window to deselect the accounts.
Traders with one account
The Lock All Accounts feature is only available if there are 2 or more accounts present in the Account Information window. If there is only one account in the Account Information window, the command is absent from the right-click menu:
Closed Positions
MC Rates
MC Rates
Shows the rates at which a margin call would be triggered on the account. The percentages represent the ratio of equity to used margin. Only instruments on which open positions exist will be shown.
Note: If an account has open positions in more than one currency, then the MC rate for every given currency is calculated with the assumption that all other currency rates are “frozen” (or the positions in all other currencies are 100% hedged)
Interest Rates
Show Managed
Click to display individual accounts for a managed account. They will be shown underneath their respective parent group account. The color for individual accounts will be a couple of tones lighter than color of parent managed account.
Note: If you don’t have any managed accounts, this option will be hidden.
Show All Managed
Click to display individual accounts for ALL managed accounts. They will be shown underneath their respective parent group accounts. The color for individual accounts will be a couple of tones lighter than color of parent managed account.
Note: If you don’t have any managed accounts, this option will be hidden.
Organize Managed Accounts
The Organize Managed Accounts window is available if you have 2 or more accounts. The window allows you to create and manage group accounts.
The window contains two lists of accounts. You can select a group account by choosing the appropriate account number from the drop down box at the top of the list. The list under the drop down box contains all of the accounts that are a part of the group specified in the drop down box. You can move accounts between the two lists by selecting the account or several accounts and using the buttons > and <. You can move accounts from the Non-Managed pool to a group account, from a group account to the Non-Managed pool, or from one group account to another group account.
You can create a new group account by clicking the button “Create New Group”. The new group is created empty. You cannot create a new group if you already have an empty group.
You can add new accounts to the group or remove accounts from the group even if there are open positions/orders on account/group.
Please note:
1. Newly added account will NOT participate in the existing group positions/orders.
2. When removing account from the group, existing group positions and orders will remain open. But open position on this account will no longer be part of the group position.
Existing group order will be reduced by the amount allotted to this account. Existing order on this account that was a part of the group order will be removed.
Preferences
Font
Allows you to change the window’s font.
See more details on this page :- Appendices > Font
Color
Allows you to change the window’s background.
See more details on this page :- Appendices > Color
Refresh
Additional commands
Additional commands available in the Account Information window.
Set Default Trade Amount
The Default Amount (DA) is the default number of lots for a new position. This is the number that initially appears in the Amount field when an order is created.
You can set the default amount (DA) for specific accounts in the Account Information window. Depending on your system settings, you can set DA in:
• Trade Steps: DA as coefficient of Trade Step will be used;
•%: DA in percent of maximum order amount will be used.
DA in Trade Steps suggests that default amount can be different on each instrument, depending on the Trade Step value set on the instrument.
Example for system in lots: DA = 2 Trade Steps; Trade Step on EURUSD = 0.1 lot, Trade Step on USDJPY = 5 lots
When opening a position on EURUSD, you will be offered to open 0.2 lot
When opening a position on USDJPY, you will be offered to open 10 lots
Example for system in amounts: DA = 2 Trade Steps; Trade Step on EURUSD = 1,000, Trade Step on USDJPY = 50,000
When opening a position on EURUSD, you will be offered to open 2,000
When opening a position on USDJPY, you will be offered to open 100,000
% DA is calculated as percent of maximum amount that can be opened on account rounded to the nearest full Trade Step value.
Example for system in lots: DA = 10%; Trade Step = 0.5 lot; Max amount that can be opened from account = 23 lots
Suggested amount on account = 23* 0.1 = 2.3 -> rounded to Trade Step = 2.5 lots
Example for system in amounts: DA = 10%; Trade Step = 1,000; Max amount that can be opened from account = 381,000
Suggested amount on account = 381,000 * 0.1 = 38,100 -> rounded to Trade Step = 38,000
Setting DA in Trade Steps
In the Account Information window, left-click the DA field within the account record. The Default Amount dialog box will appear:
Setting DA in % of Maximum Order Amount
Switching between DA (Trade Steps) and DA as % of Usable Margin
Note: This option can be absent if system rules are set accordingly.
Follow these steps to set the default amount in Trade Steps or in % of maximum order volume for an individual account:
•Click the corresponding DA column’s cell in the Account Information window.
•Select the DA (Trade Steps) or DA as % of usable margin radio button.
•Enter the desired value of DA.
For managed accounts
You can set DA in % if proportional (or proportional: one lot minimum) mode is used and at least one of the individual accounts belonging to the group has DA set in % of maximum order amount. To set DA as % of maximum order amount for a managed account, follow these steps:
• Click the corresponding DA column’s cell in the Account Information window
• Enter the desired value of DA.
Note: If managed account’s allocation mode is set to Fixed DA, the DA column for the managed account is not clickable.
Orders from individual accounts
Calculation of DA in % of maximum order amount depends on whether there are open positions on the instrument on which a user is going to create a market order. Below you can see the description of three possible cases which differ by calculation of DA as % of maximum order amount.
Case 1
Imagine that an individual account has DA set as X % of maximum order amount. A user creates a market order from this account. Default amount of this order equals X % of maximum order amount which can be bought / sold for account’s usable margin at the moment of order creation.
Note: Let’s assume that in the examples listed below commission, transaction fee, open trade charge are set to 0 and spread is 0, open markup is set to 0 unless it is stated otherwise.
Example A. An account has no open positions. Balance = Usable Margin = 10 000. Margin Requirement on EURUSD is 1 000, Margin Requirement on GBPUSD is 1500. DA in % is set to 30%. When a trader opens the EURUSD order creation dialog window, 3 lots (3*Contract Size for system in amount) will be displayed in the Amount field. Let’s examine how the system gets such value:
1)First, it is necessary to calculate maximum order amount: 10 000 of Usable Margin devide by 1000 (Margin Requirement), that is 10 lots (contracts).
2)Afterwards the system calculates 30% of this value: 10*0.3. The result is 3 lots/contracts.
If a trader opens the GBPUSD market order creation dialog window, 2 lots (2*Contract Size for system in amount) will be displayed in the Amount field. Let’s examine how system gets such value:
1)First, it is necessary to calculate maximum order amount: 10 000 of Usable Margin devide by 1500 (Margin Requirement), that equals 6.66, in other words not more than 6 lots can be bought/sold.
2)Afterwards the system calculates 30% of this value: 6*0.3. The result is 2 lots/contracts.
Example B. Let’s suppose that an account has already open positions on some instruments other than EURUSD and GBPUSD. Account’s Balance = 10 000, Used Margin is 3 000. Usable Margin = 7 000. When a trader opens the EURUSD market order creation dialog window, 2 lots (2*Contract Size for system in amount) will be displayed in the Amount field. Let’s examine the how system gets such value:
1)First, it is necessary to calculate maximum order amount: 7 000 of Usable Margin devide by 1000 (Margin Requirement), that is 7.
2) Afterwards the system calculates 30% of this value: 7*0.3=2.1. The result is rounded to 2 lots/contracts.
When a trader opens the GBPUSD market order creation dialog window, 1 lot (1*Contract Size for system in amount) will be displayed in the Amount field. Let’s examine how system gets such value:
1)First, it is necessary to calculate maximum order amount: 7 000 of Usable Margin devide by 1500 (Margin Requirement), that is 4.66.
2)Afterwards the system calculates 30% of this value: 4.66*0.3 = 1.4. The result is rounded to 1 lot/contract.
Case 2
Imagine that an individual account has open positions on an instrument when hedging is disabled on the system (it means that opening of a new position will close or partially close any existing positions in the opposite direction).The account has DA set as X % of maximum order amount. User creates an order to open position in opposite trade direction on the same instrument, then
DA will be calculated as % of maximum order amount which can be bought / sold for [Usable margin + 2*Used Margin of open positions on this instrument].
For example: Account’s Balance = 10 000, Margin Requirement = 1000. DA = 50 %. A Sell position on EURUSD is opened on 6 lots. Used Margin = 6000, Usable Margin = 4000. In the order creation dialog for Buy position, the Amount field will display 8 lots by default. Let’s examine how the system gets such value:
1)Opening 6 lots of Buy trade would cause the Sell position to close, which would lead to the increase of Usable Margin 4000 to 10 000. 10 000 of Usable Margin allows to open 10 lots or contracts (with Margin Requirement = 1000). Altogether the maximum order amount = 6+10 = 16 lots or contracts.
2) Afterwards the system calculates 50% of this value: 16*0.5 = 8.
In the order creation dialog for Sell position, the Amount field will display 2 lots by default. The system gets such value the same way as described in Case 1.
Case 3
Let’s now examine the same situation as in case 2 but when hedging is enabled on the system (it means that opening of a new position does not close or partially close any existing positions in the opposite direction).
DA will be calculated as % of maximum order amount which can be bought / sold for [Usable margin + Used Margin of open positions on this instrument].
For example: Account’s Balance = 10 000, Margin Requirement = 1000. DA = 50 %. Sell position on EURUSD is opened on 6 lots. Used Margin = 6000, Usable Margin = 4000. In the order creation for Buy position, the Amount field will display 5 lots by default. Let’s examine how the system gets such value:
1)Opening 6 lots of Buy trade would leave Usable Margin unchanged as such position hedges the open Sell position. Opening extra lots would use Usable Margin = 4000. So after opening 6 Buy lots, you can still open 4 000 / 1000 = 4 lots or contracts (Usable Margin divide by MR). So altogether maximum order amount is 6+4 = 10 lots.
2)Afterwards the system calculates 50% of this value: 10*0.5 = 5.
In the order creation dialog for the Sell position, the Amount field will display 2 lots by default. System gets such value the same way as described in Case 1.
Note: If a user creates an order from an account with DA set as % of maximum order amount and the resulting amount is less than 1 lot but the account’s balance allows to open 1 lot position, the order amount is approximated to 1 lot. For example, account’s Usable Margin is 6000. Margin Requirement is 1000. DA = 10%. No open positions. Maximum order amount is 6 lots (6000/1000). DA = 6*10% = 0.6. But the system approximates it to one lot as account has enough money to open a 1 lot position.
Commission, transaction fee, open trade charge, spread and open markup in calculation of DA in % of maximum order amount
Commission, transaction fee, open trade charge, spread and open markup directly effect the calculation of DA in % of maximum order amount as they influence the maximum order amount. Let’s review it on the following example. An account has no open positions. Balance = Usable Margin = 50. Margin Requirement on EURUSD is 10, contract size is 1 000, point size = 0.0001. DA in % is set to 50%. Commission is set to $2 per lot. Spread is 3 pips, open markup is 1 pip.
If commissions, spread and open markup were 0, then it would be possible to open 5 lots/contracts: 50 / 10 (Usable Margin divide by Margin Req). 5 lots would cause $10 of commisons, PL equal to (3spread+1open markup) * 0.0001(point size) * 1000(contract size) * 5(lots)= $2. Together with PL it would cause the decrease of Equity on $12 from $50 to $38. But it’s necessary to have $50 of margin to maintain position on 5 lots. That’s why DA in % won’t be calculated from $50 as it is not maximum order volume.
4 lots would cause $8 of commissions, PL equal to (3spread+1open markup) * 0.0001(point size) * 1000(contract size) * 4(lots)= $1.6. Together with PL it would cause decrease of Equity on $9.6 to $40.4. That is enough to maintain 4 lots position with MR = $10. So DA shall be calculated from maximum order amount equal to 4 lots. DA = 4*50%= 2.
Orders from managed accounts
Calculation of DA on a managed account depends on managed order amount allocation mode, DA mode on individual accounts belonging to managed group account and DA in % of maximum order volume set on managed account. So there are two different ways of calculation which are described below.
Note: DA in % of maximum order volume can be set on a managed account only if Proportional or Proportional: one lot minimum managed order amount allocation mode is used and at least one individual account belonging to the group has DA set in % of maximum order amount.
Case 1
Fixed DA managed order amount allocation mode is used. A managed account consists of
a)individual accounts with different DA modes: DA in lots/contracts and DA set in percentage of maximum order amount
b)or individual accounts with DA set in percentage of maximum order amount
When a user creates an order from this managed account, the managed order DA is calculated as the sum of resulting DA on each individual account.
For example (corresponds to a), managed account m112 consists of the following individual accounts with corresponding DA (Margin Requirement = 1000):
Acct #100 – DA in % = 10 %, Usable Margin = 50 000. Maximum order amount = 50 000 / 1000 (Usable Margin divide by MR) = 50. Resulting DA = 50*10% = 5.
Acct #101 – DA in lots / contracts = 3, Resulting DA = 3
Acct #102 – DA in lots / contracts =7. Resulting DA = 7.
DA of managed order = 5 + 3 + 7 = 15 lots (contracts)
Another example (corresponds to b): managed account m112 consists of the following individual accounts with corresponding DA (Margin Requirement = 1000):
Acct #100 – DA in % = 10 %, Usable Margin = 50 000. Maximum order amount = 50 000 / 1000 (Usable Margin divide by MR) = 50. Resulting DA = 50*10% = 5.
Acct #101 – DA in % = 20 %, Usable Margin = 100 000. Maximum order amount = 100 000 / 1000 (Usable Margin divide by MR) = 100. Resulting DA = 100*20% = 20.
Acct #102 – DA in % = 50 %, Usable Margin = 30 000. Maximum order amount = 30 000 / 1000 (Usable Margin divide by MR) = 30. Resulting DA = 30*50% = 15.
DA of managed order = 5+20+15 = 40.
Case 2
Proportional or proportional: one lot minimum allocation mode is used. A managed account consists of
a)individual accounts with different DA modes: DA in lots/contracts and DA in %
b)or individual accounts with one DA mode: either in % or lots/contracts.
With introduction of DA as percent of maximum order amount, managed accounts can have DA set in % of maximum order amount but only with proportional allocation modes. If the managed account has DA set in X % of maximum order amount, DA settings on individual accounts are ignored. When a user creates an order from such managed account, DA on each individual account equals X % of individual account’s maximum order amount. That is system uses group account DA setting for order calculation.
For example, DA of managed account is 50%. Managed account m112 consists of the following individual accounts with corresponding DA (Margin Requirement = 1000):
Acct #100 – DA in % = 10 %, Usable Margin = 60 000. Maximum order amount = 60 000 / 1000 (Usable Margin divide by MR) = 60. Individual account’s DA is ignored – managed account’s DA is used. That’s why resulting DA of individual account = 60*50% = 30.
Acct #101 – DA in lots / contracts = 3, Usable Margin = 100 000. Maximum order amount = 100 000 / 1000 (Usable Margin divide by MR) = 100. Individual account’s DA is ignored – managed account’s DA is used. That’s why resulting DA of individual account = 100*50% = 50.
Acct #102 – DA in lots / contracts =7. Usable Margin = 30 000. Maximum order amount = 30 000 / 1000 (Usable Margin divide by MR) = 30. Individual account’s DA is ignored – managed account’s DA is used. That’s why resulting DA of individual account = 30*50% = 15.
DA of managed order = 30 + 50 + 15 = 95 lots (contracts).
Note: For proportional: one lot minimum allocation mode lot distribution works still according to the mode’s rules. For example, if X % of the individual account’s maximum order amount equals 0.6 lot and it
Create a custom group name for selected accounts
Left-click the “Group” field for the account for which you wish to set a Group name. The “Input Group name” dialog box will appear:
Enter the group name and click OK.
Summary window
The Summary window displays a summary of all open positions, organized by instrument. The Summary window can display a summary of all accounts or of selected accounts.
Summary – All Accounts (green records) – Default mode
In this mode, the Summary window shows all open positions (short, long, and non-hedged) per instrument for all accounts. To select this mode, right-click anywhere in the window and select Summary by All Accounts from the menu, or just make sure that no accounts are selected in the Account Information window.
Net Profit/Loss is shown in the window’s title bar.
Summary – Selected Accounts (white records)
In this mode, the Summary window shows the total number of open positions (short, long, and non-hedged) per instrument for selected accounts.
To choose this mode, select the desired accounts in the Account Information window. Hold CTRL while clicking to select multiple accounts.
Note: Keep in mind that if you select a managed account together with its individual accounts you will receive “duplicate” results. Therefore, if you choose to see a summary of selected accounts, consider disabling Show All Managed in the Account Information window.
The Net P/L that is shown in the window’s title bar is the summarized Net P/L from all selected accounts.
Summary window columns
Instrument
Instrument name
Lot(Amount)
The sum of all open position amounts measured in lots(amounts)
NH Lot
Not Hedged Lots – The sum of all unhedged position amounts measured in lots. For example, if there are 7 Buy and 4 Sell positions, then for the buy positions NH=7-4=3.
Amt,K
Sum of all open position amounts in contract currency measured in thousands (Am,K = number of lots * contract
size/1000)
NH Amt,K
Not Hedged Amount – the sum of all unhedged position amounts measured in 1,000 base currency units
B/S
B=Buy position; S=Sell position
Close
Trader’s closing rate for all positions in this instrument
AvOpen
Average weighted trader’s opening rate for all positions in this instrument
AvBEP
Average weighted break-even point. The minimal rate at which all positions on this instrument from the selected accounts will not carry any loss.
P/L
Total gross Profit/Loss measured in pips for all positions on this instrument. Calculated as sum of P/L values of all positions open on this instrument. The result is rounded to the sum of decimal digits in pips and lots in the instrument.
Net P/L
Total net Profit/Loss measured in base currency. Positive P/L values are displayed in green color; negative P/L values are displayed in red color; zero P/L values are displayed in black color.
Close
Allows to close positions directly from the Summary window
NH P/L
Total gross Profit/Loss measured in pips for all unhedged positions on this instrument. Calculated by the following formula: NH P/L = NH Lot/ Lot * P/L. The result is rounded to the sum of decimal digits in pips and lots in the instrument.
Example:
GBPUSD:
Point Size = 0.0001, Price Format = 0.00001 => price precision is 0.1 pip
Trade Step = 0.1
As a result, P/L and NH P/L will be rounded to 2 decimal digits
Open Buy position for 3.4 lot
Open price: 1.60353
Current closing price: 1.60310
Lot PL = 1.60310 -1.60353= -4.3 pips
P/L = 3.4 * (-4.3) = -14.62
Open Buy position for 0.2 lot
Open price: 1.60370
Current closing price: 1.60310
Lot PL = 1.60310-1.60370= -6 pips
P/L = 0.2 *( -6) = -1.2
Open Sell position for 0.3 lot
Open price: 1.60295
Current closing price:1.60375
Lot PL = 1.60295 – 1.60375= -8 pips
P/L = 0.3 * (-8) = -2.4
Summary will show:
For Sell position: NH P/L – empty (position is fully hedged)
For buy position: NH P/L = -14.50
Calculated as:
NH Lot = Total Buy Lot – Total Sell Lot = 3.4 + 0.2 – 0.3 = 3.3
Lot (Total Buy) = 3.4 + 0.2 = 3.6
P/L (Total Buy) = (-14.62) + (-1.2) = -15.82
NH P/L = NH Lot/ Lot * P/L = 3.3/3.6 *( -15.82) = -14.50166666666667 ≈ -14.50
The Instrum P/L column displays the total value of P/L from Net P/L columns for each side of instruments’ position (Buy and Sell).
The Instrument P/L value calculated from Buy and Sell positions on an instrument is displayed in the line where the absolute value of Net P/L is greater. The other line remains empty.
Ex 1: EURUSD: NET P/L for all Buy positions = -44.4; For all Sell positions = 118.30.
The Instrument P/L is calculated as: 118,30+(-44,40)=73,90.
This value is shown in the Sell line (since 118.3>44.40).
Ex 2: USDJPY: NET P/L for all Buy positions =-3.77; For all Sell positions =0.26.
The Instrument P/L is calculated as: =0,26+(-3,77)=-3,51.
This value is shown in the Buy line, (since 3.77>0.26)
Note: When Summary window is in NH mode (not hedged summary only), Instrum P/L is NOT displayed in the window.
NH Net P/L
Total net Profit/Loss measured in base currency for all unhedged positions (Note: The Net P/L value shown on the window title in the Not Hedged mode represents the exposure against all unhedged positions from the selected accounts.) Positive P/L values have a green background; negative P/L values have a red background; zero values are not displayed in the column (NH Net P/L is empty in this case).
Pop-up menu 1
To access this menu, right-click on a column header in the Summary window.
Menu commands:
Set width to fit data Readjust columns’ width to fit data.
Customize Brings up the ‘Customize Columns’ dialog, where you can choose which columns are visible (checked) and which are hidden (unchecked). You can also drag and drop individual columns to organize them in custom order. Clicking the Default button will return the columns to their default order. Click OK to save your changes, or click Cancel to discard your changes and close the dialog. Default Sorting Restores default sorting order for columns. (The default sorting refers to the default way in which records in the window are sorted; this does NOT refer to the order in which the columns appear.)
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Allows you to search for instruments in the window. Enter one or more characters in the instrument name and click Next to toggle through the results. Instruments meeting the search characteristics will be highlighted. |
Allows you to view the summary of all currently open positions in the Summary window: summarized positions based on trades opened at any time in the past. |
Allows you to view a Summary window that includes only positions opened during the current trading day. If the “Not Hedged Summary only” mode is not selected (the default setting), the summarized Buy and summarized Sell positions opened during the current trading day will be displayed in separate lines. If the “Not Hedged Summary only” mode is selected, the Summary window shows only the current day positions that have not been hedged. Important: Both formats display the summary for trades that are opened during that current trading day. |
The Summary window shows the summary info for the accounts selected in Account Information window. The Summary by all Accounts command allows you to access a summary of all open trades for all trading accounts. Right-click on the column header or any record in a window, and then choose Summary by All Accounts from the pop-up menu. |
Allows you to view Summary only for accounts currently selected in the Accounts window |
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Settings |