Live Chat Software by Hybrid Solutions
Knowledgebase
Trade Panel
Posted by Mohammad Rahhal on 13 February 2012 03:46 PM

  • The Trade Panel shows all open positions with the details of each one:
Column Name  Description 
Ticket Shows the ticket ID or order ID for each position
Date/Time The date and time for each placed position
Type The type (Buy/ Sell) of each position
Amount The amount of each position
Symbol The name of the placed symbol for each position
Open Price The open price for each placed position
Current Price The current closing market price for each placed position
S/L The price of stop loss for each placed position "If this position is managed"
T/P The price of take profit for each placed position "If this position is managed"
Commission If it is set, it shows the commission in minus (-) sign for each placed position
Interest If it is set, it shows the interest amount for each position
P/L The floating profit or loss for each placed position on the trade panel, and in the bottom of this column you will see the Total Floating Profit/ Loss
Value The value of the opened position in the current market price, and in the bottom of this column you will see the Total Value
Comment To view the added comment on the Orders/Positions
  • You will notice that the List Item back color for the Pending Order when it is close to Market price by 10 pips is colored with green.
  • Also the back color for the Open Position when the Take Profit is close to Market price by 10 pips is colored by green, and the back color when the Stop Loss is close to Market price by 10 pips is colored by red.
  • Beside the Trade panel title there is the Positions/Orders Count.
  • At the top of the trade window, you will see the account summary bar for the selected account, this bar will be transferred to red color in case the account reach the liquidation point. The account summary includes the following:
Part Description
Balance Real amount of money a client has in his account
Flt P/L The profit or loss the client gains or loses respectively, for all current opened positions
Assets Value The total value of the opened position in the current market price (= Contract Size * Amount * Current Price)
Credit An amount of money put to the account of a certain client in order to be paid later (like a debt).
Equity Balance + Flt P/L + Credit
Used Margin Called also the Margin Requirement, which is the amount of money that can client afford in his account to buy 1 lot of a certain currency. As an example... which takes (-1000) 0ff for each 1 lot, means 100$ for each 0.1 lot. 
Free Margin Called also the Effective Margin, which equals Equity + Margin Req.(The Minus value indicates the possible danger and closeness to Liquidation). It means how many lots of a certain currency can a client buy with the money which he actually have.
Margin Level This equals to (Equity/Margin Req.) * 100% (the bigger number, the better), it is the most important value that both the client and the market maker should keep on watching, because depending on its value, it can be decided how many lots the client can buy with the money left with him/her, and if the account is close to Liquidation point. If it was 100.00% or more, the account is on the safe side, if it was less, then there is a danger of liquidation to happen soon.
  • In case the account type is physical then the account summary will include the following

    PhysicalAccSum
Part Description
Balance Real amount of money a client deposite in his account
Flt P/L The profit or loss the client gains or loses respectively
Which equals = Amount * Contract 
Cash Initial Balance + Flt P/L - Holding Value 
Holding Value (Trades Value) Floating value based on the current market rate
Which equals = Amount * Contract Size * Current Market Price */ Ref Price
Assets Value Initial Balance + Flt P/L
  • By selecting some/all opened market positions, their Net Information will show up under the account summary in the Trade Panel.
  • The option Close Selected Positions is used to close the selected/all opened positions at the same time. But this option validates the Maximum Amount Per Deal for each symbol so it will not allow you to close total lots if they are more than the maximum amount per deal.
  • The option Hedge Selected Positions is used to open hedged position(s) for the selected/all opened position.
  • By using the option Cancel Selected Ordersyou can cancel the selected/all pending orders at the same time.
  • Right-click on any position in the Trade tab window gives you a context menu with options that you can manipulate the position according to which:
Option Description 
Close This Position To close the selected position with the current close price.
Hedge This Position To open a hedged position (opposite type) for the selected position with the current market price
Manage Position Opens a window that allows you to set a take profit or stop loss that belongs to the selected position for the selected account (This options is also found in the Limit/ Stop and SL/ TP orders under the name Edit Order)
Close Profitable Positions To close all opened positions which their profit/loss are in positive value.
Close Unprofitable Positions To close all opened positions which their profit/loss are in negative value.
Attach To Chart To attach and open the chart window of the selected symbol
Report Opens a printable HTML report of all opened positions and pending orders listed on the trade panel
View Settings Opens a window that allows you to edit the settings of viewing the trade panel
Maximize To maximize the trade panel

 


See Also

Back to Home Index

 Download CLIENT Guide as PDFpdflogo

 

(1 vote(s))
Helpful
Not helpful

Comments (0)
Post a new comment
 
 
Full Name:
Email:
Comments:
CAPTCHA Verification 
 
Please enter the text you see in the image into the textbox below (we use this to prevent automated submissions).

Help Desk Software by Hybrid Solutions