Trade Panel – User Guide #3

Order Management Panel

The Order Management Panel is designed to analyze the status of open orders and positions, manage orders and positions, create and manage an order grid.

Positions and Orders Tabs

Order management

Order management is carried out using an additional panel, to access which click the settings button in the line with the order. (button 22 in the picture above).

Tab “Tp Sl”

Positions: for editing take profit and stop loss.

1. Take profit price and its size in points.
2. Stop loss price and its size in points.
3. Order modification button (displayed when you enter a new tp or sl value in the field).
4. Take profit label. You can set a new take profit value by moving this label.
5. Button to cancel take profit.
6. Order label.
7. Stop loss label. You can set a new stop loss value by moving this label.
8. Button to cancel the stop loss.

Tab “Vr”

Designed to modify virtual take profit and stop loss (invisible to the broker).

1. Enable virtual stop loss and take profit.
2. Virtual take profit price and its size in points.
3. The price of the virtual stop loss and its size in points.
4. Virtual take profit label. You can set a new virtual take profit value by moving this label.
5. Button for deleting virtual take profit.
6. Order label.
7. Virtual stop loss label. You can set a new value for the virtual stop loss by moving this label.
8. Button for deleting virtual stop loss.

Tab “Tr”

Designed to configure the trailing stop function.

1. Enable the trailing stop feature.
2. Setting the trailing stop function.
3. Setting the start level for the trailing stop function.
4. Load trailing stop function template.
5. Save the trailing stop function template.
6. Trailing stop start level label. You can change the start level of the trailing stop function by moving this label.

Tab “Br”

Designed to set up the function of moving the stop loss to the breakeven level.

1. Enable/disable the breakeven function.
2. Enable/disable the breakeven level.
3. Load the Breakeven template.
4. Save the Breakeven template.
5. Create a new breakeven level.
6. Delete the breakeven level.
7. Button to change the calculation method of Distance or Profit.
8. Breakeven Distance label. You can change the distance level by moving this label.
9. Breakeven Profit label. You can change the profit level by moving this label.

Tab “Pc”

It is intended for setting the partial closing function.

1. Enable/Disable the function of closing part of the profit.
2. Enable/Disable partial close level.
3. Enable/Disable the function of closing part of the loss.
4. Load partial close function template.
5. Save partial close function template.
6. Delete the level of closing part of the profit.
7. Create a new level of closing part of the profit.
8. Button to change the method of calculating the Distance.
9. Button for collapsing the take profit label.
10. Label of the level of partial closing of profit. You can change the location of the level by moving this label.
11. Button for collapsing the label.
12. Button for collapsing the order label.
13. Label of the level of partial closing of the loss. You can change the location of the level by moving this label.
14. Button for collapsing the stop loss label.

Initial and current lot

The volume for partial closing can be set as a percentage of the initial or current lot. These indicators are displayed on the order label.

1. The current lot of the order.
2. The initial lot of the order.

Tab “Cl”

Tab for a market order (position): designed to complete or partially close an order.

1. Full or partial closing of a position according to the volume entered in the field.
2. Full or partial closing of a position by percentage.
3. Full or partial closing of a position by volume.

Tab for a pending order: is intended for deleting an order, setting the order expiration time or for setting the price, upon reaching which the pending order will be deleted.

1. Delete a pending order.
2. Block for setting the expiration date of a pending order (if the order does not work before the expiration of this date, the pending order will be deleted). To install, click the checkmark, enter the date and click the modify button.
3. Block for setting the price, upon reaching which the pending order will be deleted. To install, enter the price in the field and click the checkmark.
4. A button for quickly placing a pending order stop loss in the price field.
5. Used price:
   • Bid – the utility will delete a pending order if the Bid price reaches the specified level.
   • Ask – the utility will delete a pending order if the Ask price reaches the specified level.
6. Label of the pending order removal level. You can change the price at which a pending order will be deleted by moving this label.

Grids Tab

A grid is a group of orders, usually set in a grid, to which control functions can be applied.

1. Create a new order grid.
2. Show on the chart the Labels of orders that belong to this grid.
3. Grid number. The cell color can be changed by clicking on the cell and selecting a color. The specified color will also be applied to the Labels of orders that belong to this grid.
4. Order types and their number in the grid. B – Buy, S – Sell, BL – Buy Limit, BS – Buy Stop, SL – Sell Limit, SS – Sell Stop. For example, SL6 means that there are six Sell Limit orders in the grid.
5. Order volume. For example, SL0.11 means that the total volume of Sell Limit orders in the grid is 0.11.
6. Grid breakeven price. The price at which the total grid profit will be zero. Only grid positions are used to calculate the price. If the price cannot be calculated or the grid consists only of pending orders, the field displays the «—» sign.
7. Stop loss and Take profit/Virtual grid stop loss and take profit. The Stop loss and Take profit values ​​are displayed only if they are the same for all grid orders. If the Stop loss or Take profit of the orders differ, the field displays the «—» sign. To switch to virtual Stop loss and Take profit, click on the cell.
8. Comment for the order grid.
9. Grid profit in currency/Grid profit in points/Grid profit as a percentage of the balance. To switch, click on the cell.
10. A button indicating that the order of this grid has Virtual Stop Loss and Take Profit.
11. A button indicating that the trailing stop function is applied to this grid.
12. A button indicating that the function of moving the stop loss to breakeven is applied to this grid.
13. A button for closing all orders and positions of the grid.
14. A button for going to the grid management.

Grid Management

To go to the grid control, click the settings button on the grid line (button 14 in the picture above).

Configuring the grid order list

1. Tab for selecting grid orders.
2. Tab for setting up Take Profit and Stop Loss for grid orders.
3. Tab for setting up the Grid Trailing Stop function.
4. Tab for setting up the Grid Breakeven function.
5. Tab for closing the grid.
6. Checkbox indicating whether the order belongs to the grid. Enabled – the order belongs to the grid, disabled – the order does not belong to the grid.

Take profit and Stop loss for grid orders

1. Fields for editing the Take Profit and Stop Loss of the grid. The field displays the price if all grid orders have the same Take Profit or Stop Loss, if the grid orders have different values, the field displays the «—» sign. To set the same Take Profit or Stop Loss for all grid orders, enter the price in the field and click the “Modify” button.
2. Fields for editing the Take Profit and Stop Loss of the order. To edit the Take Profit or Stop Loss of the order, enter the price in the field and click the “Modify” button.

Trailing stop function for the grid

You can set the trailing stop function for the order grid.

This function moves the stop loss of all grid positions.

1. Enable the trailing stop function for the grid.
2. Distance from the current price to the stop loss, with this distance the stop loss will follow the price.
3. Trailing stop step.
4. Start Trailing stop:
   • Price – the trailing stop function is activated if the current price reaches the price specified in field 5.
   • Grid Br price – the trailing stop function is activated if the current price reaches the grid breakeven price (The grid breakeven price is the price at which the total profit of the grid will be zero). Only grid positions are used when calculating the price.
5. The price at which the trailing stop function is activated. For the “Price” option, the price is entered manually, and for the “Grid Br price” option, it is calculated automatically (item 4).
6. Indent from the grid breakeven price to the Trailing stop start level. Used for the “Grid Br price” option.
7. Trailing stop of the virtual stop loss. This function moves the virtual stop loss of positions.

Breakeven function for the grid

For the order grid, you can set the Breakeven function. This function works as follows: when the current price reaches a specified distance from the grid breakeven price, the function will move the stop loss of all grid positions to the grid breakeven price + profit.

The grid breakeven price is the price at which the total grid profit will be zero, only grid positions are used in the price calculation.

For this function, you can use another price instead of the Grid Breakeven Price.

1. Enable the Breakeven function for the grid.
2. Distance – the distance from the grid breakeven price to the level where the Breakeven function is activated. When the price reaches this level, the stop loss of positions will be moved to the grid breakeven price + Profit (the value entered in the Profit 3 field).
3. Profit (Offset) – the distance from the grid breakeven price to the level to which the stop losses of grid positions will be moved. If profit = 0, then when the breakeven function is triggered, the stop losses will be set to the grid breakeven price.
4. Price type:
   • Price – the price entered in field 5 is used as the price from which the distance is set and to which the stop loss will be moved.
   • Grid Br price – the grid breakeven price is used as the price from which the distance is set and to which the stop loss will be moved (the grid breakeven price is the price at which the total grid profit will be zero). Only grid positions are used when calculating the price.
5. The price from which the distance is set and to which the stop loss will be moved. For the “Price” option, the price is entered manually, and for the “Grid Br price” option, it is calculated automatically (item 4).
6. Breakeven for virtual stop loss. This function moves the virtual stop loss of positions.

Closing the grid

1. Close all orders and grid positions.
2. Close only profitable grid positions.
3. Partial closure of grid positions, the part to be closed is specified in lots.
4. Partial closure of grid positions, the part to be closed is specified in % of the initial position volume.