New Order

This panel is designed for market and conditional order entry.

COEP

  1. Instrument Selector
  2. Daily range
  3. Sentiment index
  4. Price tickers
  5. Amount
  6. Conditions
  7. Calculator
  8. Market Depth

Appearance

  • Left side of the main frame
  • A dialog (can be opened by double click on any row in Instruments table or by using F9 key)
  • Chart trading dialog (can be opened from context menu)

1. Instrument selector

Left click to enable the edit mode and search for an instrument.

search

Instrument can be searched by:

  • Symbol
  • Description
  • Group

Click the arrow to open the list.

Since there are very many instruments, there is another list inside, which groups the instruments by type.

list

Mouse over to see the information about trading breaks of the selected instrument.

breaks

  • The inner circle shows the AM hours, the outer - PM hours.
  • The countdown shows the time left until the market break (if market is open) or until market open (if market is closed).
  • Squares show if the market is open on weekend.
  • A small triangle shows the current time.

2. Day's range

The candlestick shown on the left side shows the Daily change and the HIGH/LOW range.

days_range_candle

  1. High ASK
  2. Current BID (a triangle)
  3. Open BID of the current day
  4. Low BID
  5. triangle on the left is the previous day's closing BID
All the data displayed are in the time zone set in PREFERENCES under GENERAL section.

Mouse over to see additional information.

days_range

  • Daily range, which is the difference between High ASK and Low BID in points and as % from price
  • High ASK price and the time
  • Low BID price and the time
  • Daily change, which is the difference between current BID and the previous day's closing BID
  • Average spread

Average spread

AVERAGE SPREAD is the historical BID/ASK spread calculated from the data of the last week, excluding one hour before and one after the settlement, when the spread is usually wider because of low liquidity. This value changes once a week at the start of each Monday (00:00 EET).

Average spread can be used as a trading default value, when it is necessary to set the distance. It is an alternative to the distance in points. Trading default settings can be configured in PREFERENCES.

Day's range can be hidden in the settings of NEW ORDER panel.

3. Sentiment index

Proprietary index showing the ratio between Liquidity consumers and providers.

Mouse over to see the numbers.

sentiment

4. Price tickers

price_tickers

Price tickers show the current BEST BID and BEST OFFER

Right click to change the settings

price_tickers_settings

The number between is the current market spread, which is the difference between the BEST BID and BEST ASK.

If the price ticker showing the BEST BID (on the left) is clicked, a market SELL orders is sent in the amount set below.

If the price ticker showing the BEST ASK (on the right) is clicked, a market BUY orders is sent in the amount set below.

In order to place BID or OFFER, a special dialog has to be used. It opens by clicking the buttons in the inner top left and right corners of the PRICE TICKERS.

The conditions set in CONDITIONS panel are not taken into account, when PRICE TICKERS are clicked to send a market order.
It is possible to automatically send a Stop Loss and Take Profit order for the position open at market by using Price tickers. The distance for both is set in the Preferences/Trading/Default Trading values. In order to enable this feature, user has to enable "Apply default Stop Loss" and "Apply default Take profit" for the Market type orders under Preferences/Trading/Trading settings.

5. Amount

The value set in this spinner is used when clicking the PRICE TICKERS to send a market order as well as when sending a conditional order by pressing SUBMIT button.

Mouse over the amount spinner to display the trading information related to the amount value set.

trading_info

If there is a yellow triangle shown in the spinner, the CFD instrument has amount multiplier, which means that there are several units in one contract. The amount in units is shown in the tooltip.

For example, one contract of BRENT.CMD has 100 units (barrels). The price is quoted for a unit, therefore the multiplier influences the profit or loss.

6. Conditions

This section is designed for additional settings of the market and pending orders.

Click on SHOW CONDITIONS to show the CONDITIONS section.

conditions

The conditions set in CONDITIONS panel are not taken into account, when PRICE TICKERS are clicked to send a market order.

Preview

Enable PREVIEW to preview the order line(s) in charts.

preview

Price format

The price of the Stop Loss and Take Profit can be displayed in:

  • points (a dot is displayed in the spinner)
  • price
  • % from price (% is displayed in the spinner)

Opposite trigger

STOP and STOP LOSS orders can be placed with the opposite trigger side to avoid triggering them on wide spreads, when liquidity is low.

opposite_trigger

There is a special setting in PREFERENCES under TRADING SETTINGS, which sets the opposite trigger side automatically. It is disabled by default.

Take Profit as MIT

In order to increase the chance of filing the TAKE PROFIT order, it can be set as MARKET IF TOUCHED (MIT) type of order. This order will be processed as a market order when the price of the TAKE PROFIT order is triggered. It is mandatory to set the MAX SLIPPAGE, which limits the order's price of execution. In case it is not possible to fill the order within the price range set, it will remain working at the new limit price.

TP_as_MIT

There is a special setting in PREFERENCES under TRADING SETTINGS, which sets the Take Profit as MIT automatically. It is disabled by default.

7. Calculator

Calculator

It displays the ESTIMATED LOSS and ESTIMATED PROFIT only if the values in STOP LOSS and TAKE PROFIT are set in CONDITIONS or the STOP LOSS or TAKE PROFIT is enabled for MARKET order in PREFERENCES. In this case they are shown even if CONDITIONS panel is closed.

RISK REWARD ratio is shown if both STOP LOSS and TAKE PROFIT are enabled.

The required regular and week end margins fully depend on the AMOUNT set and the LEVERAGE of the instrument chosen.

Changing the values in the CALCULATOR influences the AMOUNT value ONLY!

8. Market depth

There can be up to 10 levels on each - BID and ASK sides. Right click to select the amount of the rows.

market_depth

TOTALS show the sum of the AMOUNTS in BIDS and OFFERS and the AVERAGE PRICE of all 10 levels.

The information on this web site is provided only as general information, which may be incomplete or outdated. Click here for full disclaimer.
Disclaimer