Trade Bar: Difference between revisions
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Trade Bar allows navigating between the brokers and trading with few clicks. It contains a series of tabs | Trade Bar allows navigating between the brokers and trading with a few clicks. It contains a series of tabs that shows all the brokers for which you have created broker profiles, this allows you to click on the appropriate broker tab and execute trades to that broker. | ||
Trade Bar also shows you which broker connections are currently active by showing a green light next to broker name | Trade Bar also shows you which broker connections are currently active by showing a green light next to broker name and which ones are offline by showing a red light. It is a very convenient tool for placing orders without plotting charts or using DOM windows. | ||
The main advantage is that you can see all of the currently connected brokers | The main advantage is that you can see all of the currently connected brokers and place orders through several brokers at the same time. For example, you may have one broker for Forex and another one for futures, and place orders on both without logging in or out. | ||
[[File:TB1.png]] | |||
==How to Show/Hide Trade Bar== | ==How to Show/Hide Trade Bar== | ||
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To connect /disconnect the broker profile that you want to trade with, right-click the Broker Profile tab to see the shortcut menu and then click '''Connect / Disconnect'''. | To connect /disconnect the broker profile that you want to trade with, right-click the Broker Profile tab to see the shortcut menu and then click '''Connect / Disconnect'''. | ||
'''Note:''' Broker Connection indicator | <div style="background-color: #E3FBE5;">'''Note:''' Broker Connection indicator [[File:TB2.png]] on the Trade Bar shows Broker Profile connection status which is not the same as Data Feed connection status.</div> | ||
== Selecting Account == | == Selecting Account == | ||
Select the account number in the Account Selector box | Select the account number in the Account Selector box [[File:TB3.png]] | ||
== Selecting Instrument == | == Selecting Instrument == | ||
To select the instrument you want to trade with: | To select the instrument you want to trade with: | ||
* Type in the symbol name into the Instrument Selector field | * Type in the symbol name into the Instrument Selector field [[File:TB4.png]] and press Enter; or: | ||
* Click on the Lookup button | * Click on the Lookup button [[File:lookup.png]] to select the necessary symbol from your database. | ||
Note:To be able to trade the instrument from Trade Bar, you should add it to the Quote Manager (see [[Operating Symbol List]]). | <div style="background-color: #E3FBE5;">Note: To be able to trade the instrument from Trade Bar, you should add it to the Quote Manager (see [[Operating Symbol List]]).</div> | ||
== Setting Order Quantity == | == Setting Order Quantity == | ||
Set order quantity by one of the following methods: | Set order quantity by one of the following methods: | ||
* Type in order quantity in Order Quantity box | * Type in order quantity in Order Quantity box [[File:TB5.png]] on Trade Bar; or: | ||
* Click the Trading Calculator button | * Click the Trading Calculator button [[File:TB6.png]]. | ||
Calculator automatically increments the current trade size setting by one, e.g. if you had 1 in order quantity field, calculator would automatically make it 2. | Calculator automatically increments the current trade size setting by one, e.g. if you had 1 in order quantity field, calculator would automatically make it 2. | ||
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You can adjust the number of contracts by pressing +1, +2, +5 etc. buttons. Zero button resets the number of contracts to zero. | You can adjust the number of contracts by pressing +1, +2, +5 etc. buttons. Zero button resets the number of contracts to zero. | ||
Buttons on the | Buttons on the right side of the calculator contain 6 last values. | ||
You may set this number of contracts by pressing those buttons. To apply the modifications click OK, to cancel the modifications click Cancel. | You may set this number of contracts by pressing those buttons. To apply the modifications click OK, to cancel the modifications click Cancel. | ||
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== Price Level Selector== | == Price Level Selector== | ||
Price Level Selector | Price Level Selector [[File:TB7.png]] allows you to set the price of your order with just a few clicks. It also shows Bid and Ask prices without opening charts or DOM windows. | ||
By default Price Level Selector shows an average price of bid and ask. | By default Price Level Selector shows an average price of bid and ask. | ||
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Scroll the list of prices up or down, using up and down arrows. To set the price for Limit, Stop or Stop-Limit order just click the price that you need. | Scroll the list of prices up or down, using up and down arrows. To set the price for Limit, Stop or Stop-Limit order just click the price that you need. | ||
[[File:TB8.png]] | |||
== Setting Time in Force == | == Setting Time in Force == | ||
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To set time in force of the order, use the Time in Force box on the Trade Bar. | To set time in force of the order, use the Time in Force box on the Trade Bar. | ||
* DAY – Good for one day | * DAY – Good for one day | ||
* GTC – Good | * GTC – Good-Til-Cancelled | ||
* GTD – Good | * GTD – Good-Til-Date | ||
* IOC – Immediate or Cancel Order | * IOC – Immediate or Cancel Order | ||
[[File:TB9.png]] | |||
==One-click order placing== | ==One-click order placing== | ||
Market, stop, limit and stop limit orders can be sent directly from Trade Bar. | Market, stop, limit and stop limit orders can be sent directly from Trade Bar. | ||
Choose the order type in the Order Type box | |||
[[File:TBBB.png]] | |||
When the order type is chosen, place an order by pressing the Buy Mkt / LMT / STP / STL | When the order type is chosen, place an order by pressing the Buy Mkt / LMT / STP / STL [[File:TB11.png]] or the Sell Mkt / LMT / STP / STL [[File:TB12.png]] buttons on the Trade Bar. | ||
Order Size is defined by Qty field, Time In Force is defined by the value set in the Time In Force field (see [[Setting Order Quantity]] and [[Time In Force]]). | Order Size is defined by Qty field, Time In Force is defined by the value set in the Time In Force field (see [[Chart Trading#Setting Order Quantity|Setting Order Quantity]] and [[Chart Trading#Setting Time In Force|Setting Time In Force]]). | ||
If the market type of order is selected then the market price is chosen by default. | If the market type of order is selected then the market price is chosen by default. | ||
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* Choose the price using the Price selector | * Choose the price using the Price selector | ||
'''Note''': if you do not see the order on the chart/in DOM window and/or do not see any change in your current position (in case of a market order), please check the Logs tab of Order and [[ | <div style="background-color: #E3FBE5;">'''Note''': if you do not see the order on the chart/in DOM window and/or do not see any change in your current position (in case of a market order), please check the Logs tab of Order and [[Order_and_Position_Tracker]] for error messages (e.g. Order Breaks Limits).</div> | ||
[[Category:Manual Trading]] | [[Category:Manual Trading]] | ||
