Trading window

Modified on Fri, 26 Jul, 2019 at 8:02 AM

Trading window allows you to set: Market order, Stop order, Limit order.


Step-by-step guide:


1. Select side - SELL or BUY.


2. Select order type - Market order, Stop order, Limit order.


3. Select volume – Volume.


4. Set Take Profit and/or Stop Loss.

You can choose:

      - Absolute value (Price)

  • Buy = (Price - Current Ask)/tick_size
  • Sell = (Current Bid – Price)/tick_size

      - Value in (Pips).

By default Pips = 10. 

  • Buy = Current Ask + Pips*tick_size
  • Sell = Current Bid - Pips*tick_size


5. Set up risk amount on your trade – Risk USD и Risk % (Stop Loss).

Risk USD and Risk % are risk parameters in account currency according to Equity.

Risk USD and Risk % depend on Volume and Pips.


- Risk USD (absolute value in in account currency)

Risk USD = Volume*Pips*tick_size

- Risk % (relative value of risk to Equity in %)

Risk % = Risk USD/Equity



6. Expiration Time Availability (Buy Limit, Buy Stop, Sell Limit, Sell Stop):

Good Till Cancelled - Order will be valid immediately after setting until cancelled.
Day Order - Order will remain until the end of trading day, in which case it will be cancelled if not triggered.
End of Week - Order will be valid till the end of the week, which is Friday.
End of Month - Order will be valid till the last Business day of the month.
Select Date and Time - Personal Preference of chosen validity.

 


7. Edit deal TP/SL 

Additional value is added when the deal will be closed according to the chosen price - Result in account currency. It will allow you to estimate your trading result.


Take Profit

-    Buy = (Take Profit Price – Entry Price) * Volume / Converted to account currency

-    Sell = (Entry Price - Take Profit Price) * Volume / Converted to account currency


Stop Loss

-    Buy = (Stop Loss Price – Entry Price) * Volume / Converted to account currency

-    Sell = (Entry Price – Stop Loss Price) * Volume / Converted to account currency


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