ICTS® Trader Application
User
Manual
Quick Start Guide
Open New position (Market
Order)
If you have only one trading account, this account is selected automatically otherwise choose the one, which you want to trade in Account Information Window.
The chosen account will be highlighted.
In Dealing Rates Window Left-click on a rate for the instrument or currency pair that you wish to trade under the column that corresponds to the trading action you wish to take, i.e. Bid/Sell or Ask/Buy.
The “New position” dialog box will appear:
Enter amount measured in lots into Amount field. Press OK button to submit the order.
Note: Once you press “OK” your order is sent to the Dealer who can confirm, reject or remove it (due to a change in market price).
After dealer’s confirmation new position will be opened and will appear in the Open Positions window.
Open Entry Stop, Entry
Limit Order
Entry Stop/Entry Limit Orders are aimed at opening position when a certain price is reached.
These orders will be executed when market value of an instrument reaches predefined level. In general, Entry Limit orders aim at opening positions in the future, when the market price is “better for trader” than current market price. The Entry Stop orders aim at opening positions in the future, when the market price is “worse for trader” than current market price.
If you have more than one account, choose the one, which you want to trade in Account Information Window. Right click on the Bid/Sell or Ask/Buy rate of the desired instrument in Dealing Rates Window and then choose Entry Stop or Entry Limit command from pop-up menu. The dialog box will appear:
Enter the amount in lots. Enter the rate at which you want a position to open the Price field. Press OK button. New order marked ES (Entry Stop) or EL (Entry Limit) will be created and shown in the Orders window.
This order will be executed at the time when trader’s price will match order price.
Stop, Trailing Stop and
Limit Orders
Unlike Entry Stop and Entry Limit orders, conventional Stop and Limit orders aimed at closing existing positions.
Left click on Stop or Limit field of desired open position. Alternatively you can right click on desired open position in Open Position Window and choose Stop or Limit from the pop-up menu. The dialog box will appear:
Enter desired rate and press OK.
The Stop/Limit will be shown at Orders window,
as well as in Open Positions Window
Stop and Limits can also be set for existing Entry Orders. This means that whenever entry order is executed, the resulting open position will have pre-set Stop/Limit order.
Right click on the existing ES/EL order in Orders Window and choose Stop or Limit from the pop-up menu. The dialog box will appear:
Enter desired rate and press OK.
The Stop/Limit will be shown at Orders window:
Right click on desired open position in Open Position Window or on the existing ES/EL order in 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” on 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 desired order in Orders Window and select Remove from pop-up menu.
Close and Hedge positions
Hedge Position (if hedge is allowed on your system)
Right click on a desired position in Open position window and choose Hedge Position from the pull-down menu. The dialog box will appear:
Enter the desired number of lots into Amount field.
Note: by default user is offered to fully hedge position.
Press OK button to confirm the hedge.
Left click on Close field of desired open position. Position will be closed outright. Alternatively you can right click on a desired position in Open position window and choose Close Position from the pull-down menu. The dialog box will appear:
Enter the desired number of lots into Amount field. You can enter a smaller number of lots if you want to only partially close position.
Note: by default user is offered to fully close position.
Press OK button to confirm the order. The position will be closed. Account information will be updated. Closed position will appear in Closed Positions Window.
Application Overview
The Internet Currency Trading System (ICTS®) application is a combined interface that allows users to monitor market and engage in online trading. The interface is divided into several functional windows; each window displays information and provides access to specific functions relating to viewing, processing, initiating, and responding to activity on the trading system. The application interface utilizes a standard Windows-style top menu, which provides intuitive access to interface-specific functions, including display styles, reports, communication information, etc.
The following windows form the interface:
1. Individual Dealing Rate Window
2. Instruments Window
3. Account Information Window
4. Orders Window
5. Open Positions Window
6. Closed Positions Window
7. Dealing Rates Window
8. Forecast/Comments Window
9. Dealing Rates Table
10. News Window
11. Summary Window
12. Charts
The trader application provides following menus:
• File Menu
• View Menu
• Settings Menu
• Window Menu
• Charts Menu
• Help Menu
Menus
File
Change Password
Allows user to change the password.
Reports
Opens reports.
Exit
Closes trader’s application.
View
Charts
Opens the External charting tool
System Information
Displays the current system communication status.
You may be asked to send a screenshot of the Communication Information or otherwise transmit the Communication Information during a technical support call.
System Console
Opens the system log console, used by technical support staff for troubleshooting.
You may be asked to send a screenshot of the system log or otherwise transmit the system log data during a technical support call. If you press “Copy ” button, content of System console will be saved in Clipboard. You will be able to paste by pressing Ctrl+V.
Settings
View and Edit
Allows user to change and save Wintrader local application settings
Font
User can change font used in the application. This setting will affect all windows.
Save on Server
Saves user’s window arrangements on the server side so that they could be retrieved for the following sessions.
Load from Server
Retrieve user’s window arrangements from previous saved session.
Reset to Default
Restores trading screen window arrangement to the system’s default setting.
Window
Allows the user to choose which windows appear on the trader application interface. To make a window visible just click on its name in menu.
Other available options are:
Arrange By Default
Windows will be placed in the system’s default arrangement. This is very useful command after re-sizing main window as it will realign and proportionately resize all windows.
Show All
All windows will be visible on the interface.
Create Workspace
This feature allows user to use multiple screens to display and arrange application windows.
Workspace1:
Workspace2:
To toggle among several spaces use Workspace tubs at the top of the trading screen.
To add/remove a Window to/from the workspace choose “Window” from the Upper Panel menu and click the window name. A window can be added to only one workspace at a time. To move window from one workspace to another left click at the icon at the upper left corner of the window, click “Move To Workspace”, and choose the Workspace name.
If you right-click on a Workspace’s tab you will be able to change its name, close it, or open new workspace.
Charts
New Chart
To open additional Charting window on your trading workspace, click “New Chart” from menu. Select preferred chart settings from the “New Chart” menu.
Chart
will be open in a new window.
See more details about charts.
Help
Trader Manual
Opens the Trader’s Manual.
About
Shows the system name, application and system version numbers.
Windows & Commands
DEALING RATES WINDOW
The Dealing Rates window displays executable rates as provided by the dealing desk. By default an arrangement of Instruments in this window is the same as in the in the Instruments Window. However the User can modify list of instruments in several ways. It will be discussed in more detail in further chapters.
*Right-click on the instrument pop-up menu:
Individual Dealing Rate Window
Opens Individual Dealing Rate window
or 
Market Order
Allows user to place a Market order.
1. Select an account in the Account Information window. Hold down the Ctrl key to choose multiple accounts.
Note: If no account is selected then the topmost account in Account Information window will be selected automatically.
2. Right-click on the rate (Sell/Bid or Buy/Ask) box and then choose the Market Order command from the pop-up menu. The “New Position” dialog box will appear:
3. Enter amount measured in lots into Amount field.
Note: the default pre-set amount equals to the account DA setting.
4. Enter Trader Range measured in pips.
Note: The
5. Press OK button to submit the order.
Note: Once you press OK, your order is sent to the Dealer, who can confirm, reject, or remove your order due to a change in market price. While your order is being processed, it is shown in the Orders Window marked with the letter “I” for “Initiate.”
Once open, 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, opposite direction position could be closed).
Market Order for Managed Accounts
There are three ways to distribute lots among individual accounts when performing transactions with managed accounts.
· Fixed Default Amount (DA): Lots/Amounts will be distributed according to individual DA of each account. DA on Managed account is the sum of individual accounts’ DAs. Managed account can be traded only in amounts, which are multiples of sums of all individual participating accounts' DAs.
· Proportional: Lots/Amounts in the Group order will be distributed in proportion to maximum number of lots that can be open on individual participating accounts.
· Proportional - One Lot Minimum: Lots/Amounts in the Group order will be distributed in proportion to maximum number of lots that can be open on individual participating accounts, but each account with sufficient usable margin will receive at least one lot.
Note: Only accounts with sufficient usable margin will be included in transactions
Allocation mode can be changed by going to Menu à Settings à View and Edit à Main Settings
The following descriptions apply only if Proportional or Proportional - One Lot Minimum allocation modes are used.
There is a modification to New Position (shown), Close, Hedge, and Close with hedge windows when they involve managed accounts/positions.
Amount (shown as a link) can be selected to show detailed distribution of lots among individual accounts.
Clicking in Create Order will finalize the order, while clicking Ok or Cancel will return you to the previous window. Individual amounts (shown as links) can be clicked on for quick adjustments.
If user modifies individual amounts so that they are not equal, while their Max Amounts are, he/she will receive following notification.
Please note that by default when user creates an order he/she is offered maximum amount of lots that managed accounts can hold (with existing usable margin). To prevent accidental order of maximum number of lots user is asked to verify his/her intention to execute order for maximum amount of lots.
Entry Stop, Entry Limit Order
Allows user to place Entry Stop and Entry Limit orders.
Entry Stop/Entry Limit Orders are aimed at opening position when a certain price is reached. These orders will be executed if market value of an instrument reaches predefined level. In general, Entry Limit orders aim at opening positions in the future, when the market price is “better for trader” than current market price. The Entry Stop orders aim at opening positions in the future, when the market price is “worse for trader” than current market price.
1. Select an account(s) in the Account Information window. Hold down the Ctrl key to choose multiple accounts.
Note: If no account is selected, the topmost account in Account Information Window will be automatically selected.
2. Right click on the rate Sell/Bid or Buy/Ask of the desired instrument and then choose Entry Stop or Entry Limit command from pop-up menu. The dialog box will appear:
3. Enter the amount in lots.
Note: the default pre-set amount equals to the account DA setting.
4. Enter the rate within the Price field.
Note: the allowed price range shown on the right side of the Price field.
5. Press OK button. New order marked ES or EL will be created and shown in the Trader’s Orders window.
Note: This order will be executed when trader’s price will match order price.
Preferences
Settings
Allows user to change settings and modify window appearance.
This window allows user to hide/unhide different instruments, sort them alphabetically, by default, or in custom order. (To sort instruments in custom order please set sort type to “Custom” and use up and down arrows in window interfaces to change order of individual instruments). User also can show/hide Bid and Ask labels, as well as set column count (for Dealing Rate Window).
Font
Allows user to change window’s font.
Color
Allows user to change window’s background.
Refresh
Refreshes window content.
DEALING RATES TABLE
The Dealing Rates Table in fact is simplified replica of Dealing Rates Window. It displays executable rates as provided by the dealing desk.
*Right-click on the column header pop-up menu:
Columns
Set width to fit data
Readjust columns’ width to fit data.
Customize
User can choose which columns are visible (checked) and which are hidden (unchecked). Also individual columns can be dragged and dropped to organize them in custom order.
Default Sorting
Restores default sorting order for columns.
Preferences
Settings
Allows user to change settings and modify window appearance
This window allows user to hide/unhide different instruments, sort them alphabetically, by default, or in custom order. (To sort instruments in custom order please set sort type to “Custom” and use up and down arrows in window interfaces to change order of individual instruments).
Font
Allows user to change window’s font.
Color
Allows user to change window’s background.
Refresh
Refreshes window content.
Commands that are available through right-click on the record menu are identical to those in Dealing rate Window.
INDIVIDUAL DEALING RATE WINDOW
Individual Dealing Rate Windows can be opened by right clicking on instrument in Dealing Rates Window, Dealing Rates Table or Instruments Window.
Note: Multiple Individual Dealing Rate Windows can remain opened simultaneously.
Clicking on either Buy/Ask or Sell/Bid rate will open new Market Order Window.
Right-clicking will open following menu:
Its functionality is identical to that of the same menu options in Dealer’s Rates Window.
*One Click Trading
As the name implies, it allows opening a new position in just one click.
One click trading can be enabled through application main settings (Application Menu à Settings à View and Edit à Main Settings à One Click Trading).
“One Click Trading” setting adds Amount Field to all Individual Rate Windows. Position opens for the number of lots stated in Amount Field (by default it is DA of the selected account).
In a case when managed account is selected and current managed account order allocation mode is set to “Proportional” or “Proportional-One lot minimum” three additional links will appear in the individual rate window. Those are Get Max Amount (one for Bid/Sell and one for Ask/Buy) and Amounts. (Two separate Max Amount links are caused by the fact that maximum available amounts may be different for Buying and Selling positions).
By clicking on respective “Get Max Amount” link “Amount” field will be updated and show maximum number of lots that can be opened for selected manage account. “Get Max Amount” will turn red to indicate for which direction (Buy/Sell) max amount applies.
Clicking “Amount” link opens Amount detail Window and enables user to review and re-distribute number of lots for each individual account within managed group.
Each amount can be modified.
Please note that changing window’s docking mode to “Undocked” you can place it outside of main application window.
ORDERS WINDOW
The Orders Window displays information on all Market, Entry, Stop, Limit, and Margin Call Orders. It also allows to change order rates, remove Market and non-triggered Entry Stop, Entry Limit, Stop and Limit orders, and set Stop/Limit condition on already existing Entry Orders.
*Columns
that are shown in the Trader’s Orders window:
Account
account number
Owner
for trading and testing accounts: last name or login of the account money owner / for managed accounts: traders last name or login
Order
order number
Ticket
Ticket number for existing open position. If there is no opened position associated with this the order, the “ticket” field will be empty. The ticket number is not the same as order number
T
order type:
I – (Initiating) Market order aimed at opening of a position (yellow background)
C – Market order aimed at closing of a position (yellow background)
M – Close order initiated by margin call event (red background)
S – Stop order (not triggered – white background, triggered – yellow background, not triggered within imminent distance – orange
background)
L - Limit order (not triggered – white background, triggered – yellow background, not triggered within imminent distance – orange
background)
ES – Entry Stop order (not triggered – white background, triggered – yellow background, not triggered within imminent distance – orange
background)
EL – Entry Limit order (not triggered – white background, triggered – yellow background, not triggered within imminent distance – orange
background)
Instrument
instrument name
Lot
order amount measured in lots
Amt,K
order amount in contract currency measured in thousands (amount, K = number of lots * contract size/1000)
B/S
“B” indicates that order is to buy, “S” indicates that order is to sell
Bid
order rate
- shown in black, if order is to enter market;
- shown in red, if order is to exit market (blue Ask rate indicates opening rate for this trade)
Ask
order rate
- shown in black, if order is to enter market;
- shown in red, if order is to exit market (blue Bid rate indicates opening rate for this trade)
Stop
shows pre-set stop order for entry order. This pre-set Stop will become an actual Stop Order after the parental Entry Order will be triggered and executed.
Tr.Stop (Trailing Stop)
Indicates the Trailing Stop Distance (in pips).
Trailing stop works as follows: if market price moves in a favorable direction for a trader then trailing stop moves with the market price, following it at a trailing stop distance; if market price moves in an unfavorable direction for a trader then trailing stop price remains the same and once market price reaches trailing stop order price, order will be executed.
Limit
shows pre-set limits for entry order. This pre-set limit will become an actual Limit after the parental Entry Order will be triggered and executed.
Time
order generation time
Note: You can select which columns will be shown in Orders Window. Right click on the header, choose “columns”, choose “Customize”, and select check boxes next to columns that you want to be present in the Orders window
*Right-click on the column header pop-up menu:
Columns
Set width to fit data
Readjust columns’ width to fit data.
Customize
User can choose which columns are visible (checked) and which are hidden (unchecked). Also individual columns can be dragged and dropped to organize them in custom order.
Default Sorting
Restores default sorting order for columns.
Show Mode
This window has four display modes
Displays all pending orders, including not-triggered Stop and Limit orders;
Displays all pending orders, excluding not-Imminent and not-Urgent Stop and Limit orders;
Displays all Urgent and Imminent orders;
Displays Urgent orders only;
(Orders are considered Urgent when they are awaiting Dealer interaction. This includes orders to Open a Position (“I”), Close a Position, (“C”), as well as triggered Entry Stop and Entry Limit Orders, and triggered Stops and Limits on existing positions. Conditional orders (Stops, Limits, Entry Stop, Entry Limit) are considered Imminent when the rate at which the order is set to be executed is within the pre-set range (in pips) from the current market rate.
Set Imminent Distance
Allows user to set imminent distance which is a number of pips representing range from current market price. Orders scheduled to be executed within such range will be considered imminent.
Preferences
Settings
Allows user to change settings and modify window appearance.
Font
Allows user to change window’s font.
Color
Allows user to change window’s background.
Date/Time
Allows user to change format in which date/time are shown in the window.
Refresh
Refreshes window content.
*Right-click on the record pop-up menu:
Change Order Rate
Enables User to change price of already placed Entry Order
In Orders Window select option Change Order Rate in the right-click menu
Note: on already triggered Entry orders this option becomes unavailable.
Remove Order
Allows User to remove Market (I and C) and not-triggered Conditional orders. Right click within the order record, choose “Remove Order”. The confirmation dialog box will appear.
Press OK. The Order will be removed.
Note: To remove several orders at once press and hold CTRL button while selecting them
Stop, Limit
Allows user to set Stop or/and Limit conditions on the Entry Conditional 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.
Note: to place a regular Stop (not a Trailing Stop) on an Entry make sure “Set Trailing Stop Distance” check box is unchecked.
Trailing Stop
Allows user to set Trailing Stop Distance on the Entry Orders.
(Trailing stop works as follows: if market price moves in a favorable direction for a trader then trailing stop moves with the market price, following it at a trailing stop distance; if market price moves in an unfavorable direction for a trader then trailing stop price remains the same and once market price reaches trailing stop order price, order will be executed.)
As soon as the corresponding Entry Order is executed, the Trailing Stop Order will be opened on the new position.
To set the Trailing Stop Distance right click anywhere within the order record and choose “Trailing Stop” from the menu.
The Stop/Trailing Stop dialog box will appear:
Note: “Set Trailing Stop Distance” check box should be checked.
Preferences
Same as above.
Refresh
Refreshes window content.
OPEN POSITION WINDOW
Open Positions window displays open positions on all accounts. It allows the user to close and hedge positions (if hedge is allowed on your system), and create Stop and Limit Conditional Orders.
The overall number of open positions and lots (only for systems that show trades in lots) are shown in the Windows’ title.
*Columns that are shown in the Open Positions window:
Account
account number
AcT
type of the account (T – trading accounts, G – group accounts)
Owner
for trading and testing accounts: last name or login of the account money owner / for managed accounts: traders last name or login
Ticket
position number ID
Instrument
instrument name
Lot
trade amount measured in lots
Amt,K
trade amount in contract currency measured in thousands (amount, K = number of lots * contract size/1000)
B/S
indicates Buy or Sell position
Open
position opening rate
Close
current trader’s rate at which position can be closed (includes trader’s price shift). Please note that this price may differ from the corresponding dealer’s rate (due to the trader’s price shift).
BEP
Break-even point – minimal rate at witch 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 market price moves in a favorable direction for a trader then trailing stop moves with the market price, following it at a trailing stop distance; if market price moves in an unfavorable direction for a trader then trailing stop price remains the same and once market price reaches trailing stop order price, order will be executed.
P/L
gross P/L; profit or loss on a position (in pips) at the current moment
Com
total commission amount charged by the system at opening of this position
Fee
total amount of transaction fees charged by the system at opening of this position
Prm
total amount of premium applied to this position
Net P/L
net profit or loss on a position (in base currency) at the current moment. The Commissions and Premium are taken into account.
Time
position opening time
OM
markup which was applied at opening of this position
CM
markup which will be applied at closing of this position
PrOrd
number of the order that has initiated opening of this position
GrpAcct
only filled if a position was opened from the managed (group)
Note: You can select which columns will be shown in Open Positions Window. Right click on the header, choose “columns”, choose “Customize”, and select check boxes next to columns that you want to be present in the Orders window.
*Right-click on the column header pop-up menu:
Columns
Set width to fit data
Readjust columns’ width to fit data.
Customize
User can choose which columns are visible (checked) and which are hidden (unchecked). Also individual columns can be dragged and dropped to organize them in custom order.
Default Sorting
Restores default sorting order for columns.
Open position window may become overloaded by large number of open positions.
There is a functionality that allows the user to manage the content of Open Positions window:
· Hide some or all positions from the window.
· Get some, previously hidden, positions into the window
· Display only incoming (newly opened) positions
· Display All Positions
Display All status is always shown in the title bar;
Display Incoming status is shown only when Display All is set to NO (see more details below).
Display All Positions
Show all (including previously hidden) positions.
Display Incoming Positions
Show all incoming positions.
Get Positions
Show specific position (s) by ticket number or account.
Hide Selected Positions
Hide selected positions from the window.
Show all Managed Positions
Click to display individual positions for ALL managed (group) positions. They will be shown underneath their respective parent group positions. The color for individual positions will be a couple of tones lighter than color of parent managed position.
Select All Positions
Selects all positions. Usually used prior to using Hide Selected Positions to hide all position in the window. This option also can be used together with command Close Position to eliminate all open positions.
Preferences
Settings
Allows user to change settings and modify window appearance.
Font
Allows user to change window’s font.
Color
Allows user to change window’s background.
Date/Time
Allows user to change format in which date/time are shown in the window.
Refresh
Refreshes window content.
*Right-click on the record pop-up menu:
Showing/Hiding Positions
Open position window may become overloaded by large number of open positions.
There is a functionality that allows the user to manage the content of Open Positions window:
· Hide some or all positions from the window.
· Get some, previously hidden, positions into the window
· Display only incoming (newly opened) positions
· Display All Positions
Display All status is always shown in the title bar;
Display Incoming status is shown only when Display All is set to NO (see more details below).
Display All Positions
Show all (including previously hidden) positions.
Display Incoming Positions
Show all incoming positions.
Get Positions
Show specific position (s) by ticket number or account.
Hide Selected Positions
Hide selected positions from the window.
Show Managed
Click to display individual positions from managed position. They will be shown under the parent group position. The color for individual positions will be a couple of tones lighter than color of parent managed position.
Note: This option 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 for individual positions will be a couple of tones lighter than color of parent managed position.
Stop, Limit
Allows user to set Stop or Limit order on the existing open position.
Enter rate and press OK. The Stop (Limit) rate will appear within the order record.
Note1:
the allowed price range shown at the right of the Price field.
Note2: to place a regular Stop (not a Trailing Stop) order make sure “Set Trailing Stop Distance” check box is unchecked.
Trailing Stop
Allows user to set Trailing Stop Orders.
Trailing stop works as follows: if market price moves in a favorable direction for a trader then trailing stop moves with the market price, following it at a trailing stop distance; if market price moves in an unfavorable direction for a trader then trailing stop price remains the same and once market price reaches trailing stop order price, order will be executed.
To set the Trailing Stop Distance check the “Set Trailing Stop Distance” on 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 shown at the right of the Price field
Remove non-triggered Stops,
Limits, and Trailing Stops
Click on the rate (Stop or Limit) field within the position record or right click anywhere within the position record and then choose Stop, Limit, or Trailing Stop command from pop up menu. The Stop or Limit dialog box (above) will appear. Press Remove button
Close Position
Allows user to fully or partially close positions.
1. Enter the amount measured in lots into Amount field.
Note: by default user is offered to fully close position.
2. Press OK button to confirm the order. The position will be closed. Account information will be updated.
Note 1: Trader may have to wait for confirmation of the order by a dealer, in such case the order will appear in the Orders Window. Otherwise the order will be verified and confirmed or rejected by the System.
Note 2: Users can simultaneously close several positions using multi-select (holding Ctrl key while selecting individual positions)
Users can multi-select (Ctrl + Left Mouse click) to close multiple positions. “Select All” option from the same pop-up menu can also be used for closing all open positions.
In both of those cases confirmation dialog box will appear.
Press “OK” to close selected positions.
Hedge Position
Allows user to hedge existing not-hedged position. Right click at the position records, choose “hedge position”.
Note: this option is available only if hedging is allowed on your system.
Close with hedge
Allows user to close or partially close hedged positions together with the corresponding hedging position.
Note: Trader may have to wait for confirmation of the order by a dealer, in such case the one order for both positions will appear in the Orders Window. Otherwise the order will be verified and confirmed or rejected by the System.
Note: this operation is available only if hedging is allowed on your system.
Select All Positions
Selects all positions. Usually used prior to using Hide Selected Positions to hide all position in the window. This option also can be used together with command Close Position to eliminate all open positions.
Preferences
Same as above.
Refresh
Refreshes window content.
*Additional commands available in this window:
Change Existing Order’s Rate
Click on Stop or Limit filed of the position on which stop, trailing stop or limit already exist.
Change order’s rate as desired.
Close Position
A position can also be closed by clicking on its Close filed.
If user clicks and drugs across Close fields of several positions, then all those positions will be closed.
Note: Confirmation will be required to perform multiple closing.
INSTRUMENT WINDOW
Instruments Window displays information about all instruments traded on the system. From this window the users have access to the instrument’s settings and trading functionality.
Look & Feel:
*Columns that are shown in the Instruments Window:
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)
Time
time of the last update
NetChg
shows the net change in Bid rate (in pips) since the opening of the trading day
Pip Value
the value of one pip per one contract in system base currency at the current moment
Prm Buy ($)/Prm Sell ($)
Rollover (Interest) rates in base currency per one night per one lot. Amount paid to or charged from all positions that remained open at the end of the trading day and were rolled over to the next trading day
*Right-click on the column header pop-up menu:
Columns
Set width to fit data
Readjust columns’ width to fit data.
Customize
User can choose which columns are visible (checked) and which are hidden (unchecked). Also individual columns can be dragged and dropped to organize them in custom order.
Default Sorting
Restores default sorting order for columns.
Preferences
Settings
Allows user to change settings and modify window appearance.
This window allows user to hide/unhide different instruments, sort them alphabetically, by default, or in custom order. (To sort instruments in custom order please set sort type to “Custom” and use up and down arrows in window interfaces to change order of individual instruments).
Font
Allows user to change window’s font.
Color
Allows user to change window’s background.
Date/Time
Allows user to change format in which date/time are shown in the window.
Refresh
Refreshes window content.
*Right-click on the record pop-up menu:
Individual Dealing Rate Window
Opens Individual Dealing Rate window
or
Market Order
Allows user to place a Market order.
1. Select an account in the Account Information window. Hold down the Ctrl key to choose multiple accounts.
Note: If no account is selected then the topmost account in Account Information window will be selected automatically.
2. Right-click on the rate (Sell/Bid or Buy/Ask) box and then choose the Market Order command from the pop-up menu. The “New Position” dialog box will appear:
3. Enter amount measured in lots into Amount field.
Note: the default pre-set amount equals to the account DA setting.
4. Enter Trader Range measured in pips.
Note: The
5. Press OK button to submit the order.
Note: Once you press OK, your order is sent to the Dealer, who can confirm, reject, or remove your order due to a change in market price. While your order is being processed, it is shown in the Orders Window marked with the letter “I” for “Initiate.”
Once open, 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, opposite direction position could be closed).
Market Order for Managed Accounts
There are three ways to distribute lots among individual accounts when performing transactions with managed accounts.
· Fixed Default Amount (DA): Lots/Amounts will be distributed according to individual DA of each account. DA on Managed account is the sum of individual accounts’ DAs. Managed account can be traded only in amounts, which are multiples of sums of all individual participating accounts' DAs.
· Proportional: Lots/Amounts in the Group order will be distributed in proportion to maximum number of lots that can be open on individual participating accounts.
· Proportional - One Lot Minimum: Lots/Amounts in the Group order will be distributed in proportion to maximum number of lots that can be open on individual participating accounts, but each account with sufficient usable margin will receive at least one lot.
Note: Only accounts with sufficient usable margin will be included in transactions
Allocation mode can be changed by going to Menu à Settings à View and Edit à Main Settings
The following descriptions apply only if Proportional or Proportional - One Lot Minimum allocation modes are used.
There is a modification to New Position (shown), Close, Hedge, and Close with hedge windows when they involve managed accounts/positions.
Amount (shown as a link) can be selected to show detailed distribution of lots among individual accounts.
Clicking in Create Order will finalize the order, while clicking Ok or Cancel will return you to the previous window. Individual amounts (shown as links) can be clicked on for quick adjustments.
If user modifies individual amounts so that they are not equal, while their Max Amounts are, he/she will receive following notification.
Please note that by default when user creates an order he/she is offered maximum amount of lots that managed accounts can hold (with existing usable margin). To prevent accidental order of maximum number of lots user is asked to verify his/her intention to execute order for maximum amount of lots.
Entry Stop, Entry Limit Order
Allows user to place Entry Stop and Entry Limit orders.
Entry Stop/Entry Limit Orders are aimed at opening position when a certain price is reached. These orders will be executed if market value of an instrument reaches predefined level. In general, Entry Limit orders aim at opening positions in the future, when the market price is “better for trader” than current market price. The Entry Stop orders aim at opening positions in the future, when the market price is “worse for trader” than current market price.
1. Select an account(s) in the Account Information window. Hold down the Ctrl key to choose multiple accounts.
Note: If no account is selected the topmost account in Account Information Window will be automatically selected.
2. Right click on the rate Sell/Bid or Buy/Ask of the desired instrument and then choose Entry Stop or Entry Limit command from pop-up menu. The dialog box will appear:
3. Enter the amount in lots.
Note: the default pre-set amount equals to the account DA setting.
4. Enter the rate within the Price field.
Note: the allowed price range shown on the right side of the Price field. .
5. Press OK button. New order marked ES or EL will be created and shown in the Trader’s Orders window.
Note: This order will be executed when trader’s price will match order price.
Preferences
Same as above.
Refresh
Refreshes window content.
ACCOUNT INFORMATION WINDOW
Account Information window displays information about the following types of the accounts:
·
Trading Accounts (T, 
)
- regular trading accounts
·
Group Accounts (G, 
)
- virtual account representing a group of trading accounts that trade as a
single account; number ID of such account
always starts with m.
Look & Feel
Columns that are shown in the Account(s) Information window:
Account
account number
AcT
account type
T – trading
G – the group account that represents a group of managed accounts
Owner
for trading and testing accounts: last name or login of the account money owner / for managed accounts: traders last name or login
GrpAcct
only filled if account is a part of virtual group (m) account; shows the number ID of the virtual group account
Balance
account balance
Equity
account equity
UsdMr
used margin
UsblMr
usable margin
MC
Margin Call - indicates if the margin call is issued on the account. Values: N - “no”, Y - “yes”, or (1, 2, 3) representing the level of the margin call
OP
Open Positions – number of open lots on this account
Com
shows a total amount of commissions charged from all this account’s currently open positions
Fee
shows a total amount of transaction fees charged from all this account’s currently open positions
Prm
Premium: shows the total value of the interests applied to all currently open positions
Net$P/L
(Net Profit/Loss) - net profit or loss on this account (in base currency) on all account’s open at the current moment positions. Net P/L = Gross P/L – Com +/- Prm
DA
default
number of lots in new position window on this account
Group
group name: user can create custom group name for selected accounts (by clicking on Group Field of the desired account) in order to keep them as a group when sorting accounts in this window
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.
*Right-click on the column header pop-up menu:
Columns
Set width to fit data
Readjust columns’ width to fit data.
Customize
User can choose which columns are visible (checked) and which are hidden (unchecked). Also individual columns can be dragged and dropped to organize them in custom order.
Default Sorting
Restores default sorting order for columns.
Select All Accounts
Allows user to highlight all Accounts in the window with one click; right click on the header and choose "Select All Accounts"
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.
Preferences
Font
Allows user to change window’s font.
Color
Allows user to change window’s background.
Refresh
Refreshes window content.
*Right-click on the record pop-up menu:
Select All Accounts
Allows user to highlight all Accounts in the window with one click; right click on the header and choose "Select All Accounts"
Reports
Opens the Reports Application.
Trading History Report
.
MC Rates
Shows rates at which a margin call would be triggered on the account. Only instruments on which open positions exist will be shown.
|
Instrument Name |
Current rate |
MC1 100% |
MC2 90% |
MC3 0% |
|
EURUSD |
1.1869 |
1.2044 |
1.2063 |
1.2232 |
|
EURUSD |
1.1866 |
1.1726 |
1.1711 |
1.1576 |
|
GBPUSD |
1.7178 |
1.7459 |
1.7489 |
1.7759 |
Note: If account has open positions in more than one currency, 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
Shows interest rates settings for this particular account.
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.
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.
Preferences
Same as above.
Refresh
Refreshes window content.
*Additional Commands available at the Account Information Window
Setting the Default Trade
Amount
Every time Market/Entry/Stop/Limit Order is crated user need to enter number of lots
for that order. Default Amount (DA) is the number of lots that will be
initially shown in the order window. User can always enter another value. Users
can set a different default
amounts for each account. To do
so, in the Account
Information Window, left-click the
“DA” field for the account for which you wish to set
the new default trade amount. The “Default Amount” dialog box
will appear.
Enter the new DA, then
click OK.
Creating
custom group names for selected accounts
In the Account Information Window left-click the “Group” field for the account
for which you wish to set Group name. The “Input Group name” dialog box will
appear:
Enter the group name and click OK.
SUMMARY WINDOW
Summary window displays trading summary information (summarized open positions) by Instrument for all accounts or for account(s) selected in Account(s) Information window. This window has two modes, which are described below:
Summary – All Accounts (
)
– Default mode
In this mode window shows all positions (short, long, and non-hedged) per instrument for all accounts. To choose 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 Account Information Window.
Net P/L is shown in the window’s title bar
Summary – Selected Accounts ()
In this mode window shows total positions per instrument for selected accounts: all short positions, all long positions, and all non-hedged positions.
To choose this mode select desired accounts in the Account Information Window. To select multiple accounts hold down the “Ctrl” key.
Note: Keep in mind that if you select managed account together with its individual accounts you will received “doubled” results. Therefore it is suggested that if you choose to use summary for selected accounts, you disable Show All Managed in Account Information Window.
Net P/L that is shown in the window’s title bar is a Net P/L derived from all selected accounts (summarized Net P/L of all selected accounts)
*Columns that are shown within Summary window:
Instrument
instrument name
Lot
the sum of all open position amounts measured in lots
NH Lot
Not Hedged Lots - the sum of all not hedged positions amounts measured in lots. For example, if there are 7 bought and 4 sold positions, then for the buy positions NH=7-4=3 (see for example USD/JPY in above picture)
Amt,K
Sum of all open positions amounts in contract currency measured in thousands (amount, K = number of lots * contract size/1000)
NH Amt,K
Not Hedged Amount - the sum of all not hedged positions amounts measured in 1,000 base currency units
B/S
indicates if the positions are buy, or sell
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 – minimal rate at witch all positions on this instrument on selected accounts (if closed) will not carry any loss
P/L
total gross P/L measured in pips for all positions in this instrument
Net P/L
total net P/L measured in base
currency
NH P/L
total gross P/L measured in pips for
all not hedged positions
NH Net P/L
total net P/L measured in base currency for all not hedged positions (Note: The Net P/L value shown on the window title in the Not Hedged mode represents the exposure against all not hedged positions from selected accounts.)
*Right-click on the column header pop-up menu:
Columns
Set width to fit data
Readjust columns’ width to fit data.
Customize
User can choose which columns are visible (checked) and which are hidden (unchecked). Also individual columns can be dragged and dropped to organize them in custom order.
Default Sorting
Restores default sorting order for columns.
Summary by all Accounts
Summary window shows the summary info for the accounts selected in Account Information window. The Summary by all Accounts command allows to access summary info for all open trades for all trading accounts. Right click on header or any record in a window, and choose Summary by All Accounts from the pop up menu.
Not Hedged Summary only (NH mode)
Allows user to change window display mode to Not Hedged mode. In this mode the window will display information on Not Hedged (exposed) positions only.
Full summary:
Not hedged (exposed) positions summary:
Note: The Net P/L value shown on the window title in the Not Hedged mode is the same number as in the Full mode. It represents Net P/L for all positions.
Preferences
Allows user to change settings and modify window appearance
Font
Allows user to change window’s font.
Color
Allows user to change window’s background.
Refresh
Refreshes window content.
*Right-click on the record pop-up menu:
Close positions
Allows closing all positions in selected instrument.
Right click at the instrument record, and choose Close Position from the pop-up menu. The “Close” dialog box will appear:
Note: Positions will be closed consecutively. If there is a substantial number of opened positions on a particular instrument, then the entire operation may take a few seconds. If rates change during the operation then positions will be closed at different rates.
Summary by all Accounts
Summary window shows the summary info for the accounts selected in Account Information window. The Summary by all Accounts command allows to access summary info for all open trades for all trading accounts. Right click on header or any record in a window, and choose Summary by All Accounts from the pop up menu.
Not Hedged Summary only (NH mode)
Same as above.
Preferences
Same as above.
Refresh
Refreshes window content.
CLOSED POSITIONS
Closed Positions window allows users to see at glance up-to-date list of all recently closed position.
*Columns that are shown within Closed Position window:
Account
account number
Ticket
position number ID
Instrument
instrument name
Lot
the sum of all open position amounts measured in lots
B/S
indicates Buy or Sell position
Open
position opening rate
Open Time
position opening time
Close
position closing rate
Close Time
position closung time
Com
total commission amount charged by the system at opening of this position
Prm
total amount of premium applied to this position (the premium rate for each currency can be set in the “Currency Reference Rates” window)
Fee
total amount of transaction fees charged by the system at opening of this position
Net P/L
total net P/L measured in base
currency
Reason
The reason why position was closed
Who
Login of the user who closed position
*Right-click on the column header pop-up menu:
Columns
Set width to fit data
Readjust columns’ width to fit data.
Customize
User can choose which columns are visible (checked) and which are hidden (unchecked). Also individual columns can be dragged and dropped to organize them in custom order.
Default Sorting
Restores default sorting order for columns.
Preferences
Allows user to change settings and modify window appearance
Settings
This window has several display settings: It allows user to select specific account or all accounts assigned to him/her. User also can specify a number of recent transactions to show (by default 30) or show positions that were closed within specified number of days.
Font
Allows user to change window’s font.
Color
Allows user to change window’s background.
Refresh
Refreshes window content.
*Right-click on the record pop-up menu:
Preferences
Same as above.
Refresh
Refreshes window content.
NEWS WINDOW
News window provide users with quick overview of recent new as well as time when they were received. Each headline can be further expanded to show detail article.
Note: This is optional window and may not appear in your application. If you want to have access to this window please contact customer support.
FORECAST/COMMENTS WINDOW
This window can be used to provide forecasts, comments or any other useful information. In addition to that it can be also used to present web pages. Whenever this window shows static information, as opposed to dynamic web page content, the time of the last update will be shown in the window’s title bar.
Note: This window can be named differently to more appropriately reflect its content.
CHARTS WINDOW
In Chart Window you can view graphic representation of changes in instruments historic rates in variety of intervals (pips, 1 min, 5 min and so on).
Additional numerous statistical studies are available to help in analyzing trends.
To access charts functionality click at the blue tag with the arrow at the left side of the window.
To prevent the Charting Tools from being automatically retracted, click at the pushpin at the upper-left corner of the toolbox.
*Chart Toolbox
1.
New Chart At This Window
2,3. Zoom In and Zoom Out
4. Setup Indicators (See Below)
5. Show Crosshair to view cursor coordinates. Time, Open, High, Low, Close are displayed at the top of the window and the rate at current cursor position on the right
6. Draw Trend-line
7. Draw Vertical Line
8. Draw Horizontal Line
9. Create Fibonacci Retracing
10. Create Parallel Line
11. Extend line to the Right
12. Extend line to the Left
13. Show Line Labels
14. Remove Selected Line
15. Remove All Lines
16. Chart Settings (See Below)
17. Change chart type to Candlestick
18. Change chart type to Bar
19. Change chart type to Line
*Setup indicators
(Can be called from chart toolbar or from right click menu)
Select an indicator in the “All Indicators” columns, then use right arrow to add indicators to the “Active Indicators” column. To set parameters for an indicator highlight the indicator’s name from the “Active Indicators” column, and change parameters in the “Parameters area”.
*Chart Settings
They control chart colors, appearance of grids and Current Pate Label. Chart setting interface can be accessed by ether clicking on icon in chart tools or through right click menu.
*Showing Open Positions and Orders in Charts
Open positions and orders can be shown in chart. To enable this feature open chart setting window and check options Show Open Positions and Show Orders.
Stops, Limits and Trailing Stops (shown as
regular Stop orders) are all shown in yellow color. Labels include information
about order type, number, number of lots/amount, buy/sell, and order rate.
Entry orders are all shown in purple color.
Labels include information about order type, number, number of lots/amount,
buy/sell, and order rate.
Open positions are shown in green. Labels
includes word Trade, ticket number, number of lots/amount, buy/sell, opening
rate, and Net P/L.
Notes:
•Labels can be dragged along their corresponding lines.
•Several lines for orders/positions of same rate can overlap each other but still can be distinguished by separate labels.
Status Bar
Status Bar located at the bottom of the main window contains useful information and options:
System Base Currency:
Displays system base currency.
Logged-in User:
Displays currently logged-in user.
This indicator shows whether system is open for trading or not.
Connection Status
Shows connection status: whether platform is in online or offline.
System Time
Displays system time.
Appendices
*Windows Dock Modes
There are three available modes of docking windows in Wintrader. They specify positioning and behavior of individual windows relative to main application window.
To access window docking mode left click on top left corner (where system icon is) of a desired window.
Following menu will appear:
Docked: Window is anchored to the main application window.
Undocked: Window can be dragged and positioned outside of the main application window. When the main application window is minimized/maximized so is undocked window.
Detached: A window can be dragged and position 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 Detached window. If the main application window is closed so will be the detached window.
*Settings
Main Settings
- “One Click Trading” setting adds Amount Field to all Individual Rate Windows. Furthermore by clicking on either Bid or Ask, position is immediately opens for the number of lots stated in Amount Field (by default it is DA of the selected account).
In a case when managed account is selected and current managed account order allocation mode is set to “Proportional” or “Proportional-One lot minimum” three additional links will appear in the individual rate window. Those are Get Max Amount (one for Bid and one for Ask) and Amounts. While Get Max Amount allows setting maximum number of lots that can be opened for selected managed account, Amount link opens “Amount Details” window that allows user to review and re-distribute number of lots for each individual account within managed group.
- “Managed order amount allocation mode” controls how lots are distributed among individual accounts when performing transactions with managed accounts.
o Fixed Default Amount (DA): Lots/Amounts will be distributed according to individual DA of each account. DA on Managed account is the sum of individual accounts’ DAs. Managed account can be traded only in amounts, which are multiples of sums of all individual participating accounts' DAs.
o Proportional: Lots/Amounts in the Group order will be distributed in proportion to maximum number of lots that can be open on individual participating accounts.
o Proportional - One Lot Minimum: Lots/Amounts in the Group order will be distributed in proportion to maximum number of lots that can be open on individual participating accounts, but each account with sufficient usable margin will receive at least one lot.
Skin
User can select different appearance for the application.
Sounds
User can choose sound file for alert for margin call or switch to silent mode.
Windows
News
This interface enables user to change time settings and show/hide source for news.
Account Summary
Shows/hides summary for not hedged lots.
System Console
Controls information displayed in system console. System console is used by request of technical support to conduct vital system information.
DDE Server
This is a functionality that allows live feed of current dealing rates into MS Excel.
Check Enable DDE Server check box, and press Copy Instruments DDE table to buffer for Excel, then open Excel spreadsheet and Ctrl + V (Paste). You will see list of instruments and dealers rates in the spreadsheet. This list will be updated with every new tick.
Note: You may want to adjust date/time format of Time column in Excel in order to view it correctly.
Font
You can change font and its size using this window. Each window can have its independent individual font setting.
Color
Uncheck “Use Default color” check box and click on “Background” field. That will bring color palette. Select desired color for window’s background.
Date/Time
You can select from number of formats or even create custom format to display date and time. Different formats can be used simultaneously in different windows. (Instruments window will use the same setting for both Time and Ext Time columns).
Note: The very last option in that list is User format. Selecting it will expand dialog box and allow user to create custom Date/Time format.
