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Knowledgebase
Trade Panel
Posted by Mohammad Rahhal on 05 March 2012 04:26 PM

  • The Trade Panel shows all the opened positions with the details of each one which belong to your client(s), you may switch between the clients’ accounts by double click on the client(s) account:
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
T/P The price of take profit for each placed position
Commission If it is set, it will show the commission for each placed position
Interest If it is set, it will show 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 in bold line 
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 to the Orders/Positions
  • You will notice that the List Item back color is green for the Pending Order when it is close to Market price by 10 pips
  • Also the back color is green for the Open Position when the Take Profit is close to Market price by 10 pips, and the back color is red when the Stop Loss is close to Market price by 10 pips.
  • Beside the Trade panel title there is the Positions count and Orders Count.
  • At the top of the trade window, you will see the account summary bar for the selected account, this bar will be colored to red in case the account reach the liquidation point. The account summary includes the following:
Part Description
Balance Real amount of money a client have in his account
Flt P/L The profit or loss the client gains or loses respectively
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 a client can 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 Effective Margin, which equals Equity + Margin Req.(The Minus value indicates possible danger and closeness to Liquidation). It means how many lots of a certain currency a client can 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 Equals = 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 Equals = 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 more than one position in the same time or all of your open positions together.
  • The option Hedge Selected Positions is used to open hedged position(s) for the selected/all opened positions.
  • By using the option cancel selected orders you can cancel more than one limit/stop order in the same time or all of your pending limit/stop orders together.
  • Note: everything mentioned in previously belongs to the selected account in the Navigator Window.
  • Right-clicking 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
Manual New Position Opens a new window to set a new position for the selected client manually (can be opened by pressing Ctrl+M)
Manual close Position Opens a new window to close the selected position of the selected client manually
Close This Position Opens the one click trading screen, which allows you to close, close by hedge or open a new order on the selected symbol
Hedge This Position To open hedged position (opposite type) for the selected position with the current market price
Manage Position Open a window that allows you to set a take profit or stop loss for the selected position of the selected account (This option 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 negativevalue.
Edit Position Open a window that allows you to edit the selected position values of the selected account 
Delete position This option will delete the selected position of the selected account and will return the deducted money from this client (This option is also found in the Limit/Stop and SL/TP orders under the name Cancel Order)
Attach To Chart To attach this open position price and open the chart window of the selected symbol
Report Opens a printable HTML report of all opened positions of the Trade tab window
View Settings Opens a window which allows you to edit the settings of viewing the trade window
Maximize Maximizes the trade window

 

See the Trade Panel video


 


See Also

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Comments (1)
irfansultan
10 January 2014 12:04 PM
garait palat foram
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