Knowledgebase
Market Watch
Posted by Mohammad Rahhal on 28 February 2012 07:50 PM


MarketWatch

  • This is how the market watch look like in VertexFX platform, it contains many columns in which:
Column Name Description 
Symbol Contains the symbols name that you are able to trade on
Bid The current market bid price for each symbol
Ask The current market ask price for each symbol
High The current market day high price for each symbol
Low The current market day low price for each symbol
Time The time of the last update for the symbol price
Expiry Date The expiry date for each symbol is set from the dealing room side, this option often appears for the future symbols,  which shows when will be the last time that you can trade on each symbol
Open Price The first market open price for each symbol in the current day
Close Price The last market close price for each symbol in the previous day
Net Change Equals to the Bid Price – Close Price
Percent Change Equals to = (Net Change / Close Price) * 100%
Last Price Shows the last price was traded for each symbol, and this price is provided from the feed provider application
  • The market watch have many options which appears when you press right click on any desired symbol, they are as the following image:

MarketWatchOptions


1- Trade Symbol

  • Choosing this option will open for you the one click trade screen, for example the following image belongs to the Gold Symbol:

OneClickTradeScreen

  • Many options can be done in the one click trade screen, in which:
Option Description 
Cancel All Order This button will cancel all your Limit/ Stop orders on this symbol
Amount In this area you can set the desired amount to trade on
Total How much the total net hedge amount on the selected symbol
Sell At (New Position tab) To place a sell position with the current price of this symbol
Buy At (New Position tab) To place a buy position with the current price of this symbol
One Click Limit/Stop order Placing In this area you can place a Limit/ Stop order by one click on the (Sell Limit, Sell Stop, Buy Stop or Buy Limit) and a Limit/ Stop order will be place on this symbol with the price that is beside the place where you set the Limit/ Stop order
Tick Chart In the bottom of the one click trade screen you will see the tick chart of this symbol, you can show/ hide this window by clicking on the green arrows ^^^
Close Position tab If you have open positions on the selected symbol you will be able to select the ticket ID and close it at market price, and also you can set a take profit or stop loss order on the selected ticket ID  
Close by Hedge tab  If you have open Buy and Sell positions you will be able to select the ticket IDs of the buy and sell to close them by hedge, and also you can close all your open Buy and sell positions buy hedge

  • If you are trying to place an order and you get the following message (Trading is closed), this message means that the market is closed and you will not be able to trade on the selected symbol till the market opens. 

TradingIsClosed

  • Sometime when you place a Limit/ Stop order an alerting message appear (Invalid Price). This message appears when you set a Limit/ Stop order with offset close to the current market price, so you will need to increase your order offset to place your Limit/ Stop order.
InvalidPrice
  • The following message (Unable to get a quote on this symbol due to market conditions) will appear to you if the rates of the selected symbol stopped for a certain seconds, so you will not be able to trade on the selected symbol till it’s rates start to move again.

MarketCondition

  • While you are using the VertexFX system you must be sure that your internet connection is good, because if you have any issue in the internet connection and you are trying to place any order on the symbols, you will get this message (Unable to get a quote due to bad connection, please try again).

BadConnection

  • If you placed an limit/ stop order it will be in the pending order till it’s price hit, and when this order hit it will be showing in red bold color in the trade panel, but if after the hit you tried to delete this order a message as the following appears to him since the order is hit.
  • Can'tCancelThisOrder

  • If you tried to close a market order and then this order will be in the pending mode, and then tried to cancel this market order from the pending orders, the message (You can not cancel market orders) appears to you. So you will need to wait till the dealing room takes an action in this order.
  • Can'tCancelMarketOrder

  • If you tried to close a market order and then this order will be in the pending mode, and then tried to close this market order again from the trade window, the message (Position is in pending mode) appears to you. So you will need to wait till the dealing room takes an action in this order.
  • PositionInPendingMode

  • This message “Not Enough Money” may appear to your clients while they are trading, and there are two ways that will let this message to show up:
    • The first way is if your want to open a new position on a certain symbol and your equity is less than the initial margin per lot of this symbol.
    • The second way is if you tried to close one of the two hedge positions you got, while your equity is less than the initial margin per lot of this symbol.

Can'tCancelThisOrder

 

2- New Entry Order

  • When you choose this option a window will open for you as the following image, and you will be able to set a Limit/ Stop order with the inserted information (Symbol name, Amount, Order Type, At Which Price, Stop loss or take Profit) and after you fill all the desired information press on the Submit button so your order will be placed.

    NewEntryOrder 

3- Chart Chart

  • Use this option to draw the selected symbol to the chart window.
     

4-Hide

  • To hide the selected symbol from the market watch.
     

5-Show/ Hide Symbol

  • This option opens a window contains the list of symbols as the following image, and you were be able to show/ hide the desired symbol(s).

    ShowHideSymbols 
  • If you press on the property button a small window will open with the properties of the select symbol, for example the following image is for the Gold Symbol.

    SymbolProperties

6- High Light

  • You can high light the selected symbol in the market watch using this option.
     

7- Reset to Default

  • To reset the selected symbol color to the default viewing settings.

8- Reset All to Default

  • To reset the all symbol color to the default viewing settings.

9- Report

  • The report option opens a snapshot for the market watch in HTML page.
     

10- Show Hide/ Low

  • To show or hide the high and low columns.
     

11- Show Time

  • To show or hide the Time column.
     

12- View Settings

  • The View Settings option opens a window as the following image, which allows you to change the settings of viewing the market watch.

    ViewSettings 


13- Export DDE to Microsoft Excel

  • This open will export the DDE (Dynamic Data Exchange) for the symbols of the market watch to a Microsoft Excel sheet.
  • If this option is disabled you can enable it from the General area of the System Options SystemOptions.
     

14- Maximize

This option to maximize the market watch.


See Also

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Comments (1)
test
05 August 2012 01:12 PM
great job!
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