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:
Shows the ticket ID or order ID for each position
The date and time for each placed position
The type (Buy/Sell) of each position
The amount of each position
The name of the placed symbol for each position
The open price for each placed position
Equals the open price divided by the Main Unit Factor. Used to show the trade price using different amount unit
The current closing market price for each placed position
The price of stop loss for each placed position
The price of take profit for each placed position
If it is set, it will show the commission for each placed position
If it is set, it will show the interest amount for each position
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
The value of the opened position in the current market price, and in the bottom of this column you will see the Total Value
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:
Real amount of money a client have in his account
The profit or loss the client gains or loses respectively
The total value of the opened position in the current market price (= Contract Size * Amount * Current Price)
An amount of money put to the account of a certain client in order to be paid later (like a debt)
Balance + Flt P/L + Credit
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
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
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
Real amount of money a client deposite in his account
The profit or loss the client gains or loses respectively Which equals = Amount * Contract
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
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:
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
Freeze this position
This option will prevent the client from closing or deliver the position, and it It will keep effecting the profit loss
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)
In case the opened positions is physical, this option opens the Delivery Request Catalog
To place "Trail Stop" orders on which price will follow the market automatically
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.
Open a window that allows you to edit the selected position values of the selected account
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
To view the trade panel as HTML page or in Excel Sheet
To print the trade panel using your connected printer
Opens a window which allows you to edit the settings of viewing the trade window