Trading Platform Guide – Trade FX, CFD, Stocks, BTC, Indices, Gold & Oil – 1:1000 Leverage & Bonus

[vc_row content_placement=”middle”][vc_column el_align=”center”][dt_sc_simple_heading text=”TRADING PLATFORM INFORMATIONS” class=”aligncenter head”]Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi[/dt_sc_simple_heading][vc_row_inner][vc_column_inner][ultimate_spacer height=”5″][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row][vc_column][dt_sc_tabs type=”vertical”][dt_sc_tab title=”Quick Start Guide” tab_id=”def1686579260-1-55″][dt_sc_toggle_group][dt_sc_toggle title=”Quick Start Guide”]

Log In

To log into ActTrader, select the Login tab on the application launcher, enter your username, password, account type, and language, and click Login.

Forgot Your Password – click this link to receive your password on your e-mail.

Read more about:

• Preview

• Register

• Loader Settings

Windows Vista Compatibility

ActTrader is completely compatible with Windows Vista. To avoid potential problems, however, make sure you run ActTrader as the administrator.

(Right-click on the program file, and then click “Run as administrator”.)

View Dealing Rates

You can view dealing rates in the Dealing Rates window. If you can’t see the Dealing Rates window, click the Windows tab on the FXVoyager toolbar and click the Dealing Rates button.

Make a Trade

The quickest way to make a trade is to click the Sell or Buy buttons under the Home tab of the FXVoyager toolbar. (You can also click on a rate in the Dealing Rates window.)

From the Home tab, you can also open a chart, subscribe to instruments, load a desktop profile, or launch an algorithmic trading strategy.

Choose the instrument and the order amount in the dialog box, and click OK to submit the market order.

Once the position is opened, it will appear in the Open Positions window.

Set a Stop or Limit order

To set a Stop or Limit order, open the Trade tab of the FXVoyager toolbar, and click the Stop or Limit button.

Choose your position from the dialog box and click OK to set the order.

Close a Position

On the FXVoyager toolbar, click the Close Position button under the Trade tab. A dialog will appear containing a list of currently open positions. Select the position you wish to close, and click OK. The Close Position dialog will appear. (You can also right-click on the position line in the Open Positions window, and select Close Position from the menu. The Close Position dialog will appear.)

Click OK to close the position.

Please see the full Trading Guide section for information on:

• Subscribing to Trading Instruments

• Opening Positions

• Stop and Limit Orders

• Closing/Hedging Positions

• Entry Orders

• OCO Orders

• One-Click Trading

• Price Alerts

• Monitoring your Account(s)

Also, read about:

• Configuring your workspace

• Charts

• ActFX (Algorithmic Trading)

• Windows and Commands

• Settings

[/dt_sc_toggle][dt_sc_toggle title=”Preview Mode”]Preview Mode allows any user to run ActTrader without registration. In order to run the platform in this mode, just select the Preview tab in the Login dialog and click Start.

After clicking the Login button, ActTrader will be loaded in the Preview Mode which will be indicated in the application header:

In the Preview Mode, you can perform all actions except for the following:

-Create, modify and remove any order

– Change Time Zone

– Save, modify and delete a profile

– Run a strategy

– Organize a managed account

– Deposit Funds

– Edit comment for position or order

– Subscribe to an instrument

– Rename and delete Chart Templates

You can open any dialogs and use any controls available for the real trading, but when trying to submit an order or make any other prohibited operation, you will receive the following message from the system:

Clicking on Login opens the standard Login dialog, where you can enter your credentials and login normally.

Clicking on Register opens a Registration dialog (or registration web-site) if the registration has been enabled on a system

Clicking on Continue Preview closes the dialog and the application remains in the Preview Mode.

In the Preview Mode you can see the Register button on all tabs of the FXVoayger, if the registration is enabled on a system.

Clicking on the Register button opens the built-in Registration dialog or a registration web-page, depending on your platforms configuration.

[/dt_sc_toggle][dt_sc_toggle title=”Register”]You can register for a new account directly from the Login dialog by selecting the Register tab. The built-in Registration dialog or link to a web-page will open (depending on platform configuration)

Select the Account Type, fill in all required fields and click Submit.

In case of successful registration your login and password will be displayed in the dialog. Click the Start Trading button – you will be automatically logged in to application with the created credentials.

In addition, you will receive an email confirming the successful registration with the login information in it.

[/dt_sc_toggle][dt_sc_toggle title=”Loader Settings”]

Run the program in Off-line mode

If you logged in to ActTrader at least once, you can run ActTrader platform without internet connection by checking the checkbox “Run the program in Off-line mode”.

All the information used during the last online session will be available in the off-line mode. In this mode you can analyze charts using all graphical instruments, create ActFX strategies (including VAT strategies) and indicators, test strategies etc.

You cannot perform any trading operations and run ActFX strategies (including VAT strategies) in real mode.

In offline mode only the chart data loaded during the pervious online sessions will be available.

You can see transactions history as it appeared at the moment you logged off from online mode last time.

You can customize the ActTrader except for the settings requiring synchronization with the server: instrument subscription, saving desktop profile etc.

Skin Settings

You can run the application in different skins. When switching between the skins, the view of the launcher updates accordingly. On the next login, ActTrader will be launched in the previously selected skin.

Skin can also be selected in the Main Settings > Skins drop-down box and in the View tab of the FXVoyager toolbar[/dt_sc_toggle][/dt_sc_toggle_group][/dt_sc_tab][dt_sc_tab title=”Configuring your workspace” tab_id=”def1686579260-2-91″][dt_sc_toggle_group][dt_sc_toggle title=”Configuring your workspace”]ActTrader offers unlimited freedom to configure a layout that fits your preferences and trading needs.

Find out how to:

- - - Load a preset Profile to get started quickly
    - Open and arrange windows to set up your trading station
    - Create multiple workspaces to organize your windows and maximize your space
    - Use tabbed windows to group similar windows and save space
    - Undock windows to take advantage of multiple monitors
    - Quickly find open windows anywhere in the application
    - Manage Profiles to save your configurations or load default desktops
    - Minimize Windows within ActTrader

[/dt_sc_toggle][dt_sc_toggle title=”Open and arrange windows”]

Open a window

To open a window, click the Windows tab in the FXVoyager.

Under the Windows tab, click the name of the window you want to open. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)

Arrange windows

Auto-Arrange

The quickest way to arrange all your currently open windows is with the Auto-Arrange tool. In the View tab of the FXVoyager, click the Auto-Arrange Windows button. This will arrange all windows that are open in the current workspace in order to fill the screen.

Arrange windows manually

While the auto-arrange tool will quickly arrange your windows, you may want to resize and arrange your windows manually (and then save your configuration as a profile).

For best results, press the Grid button on the View tab of the FXVoyager and select the grid size. Using the grid makes arranging windows very easy.

If you have many windows open, you should set up multiple workspaces.[/dt_sc_toggle][dt_sc_toggle title=”Create multiple workspaces”]Workspaces are a great tool for organizing your trading application. They allow you to use multiple screens to display and arrange application windows. You can create unlimited workspaces, which means you never have to over-clutter any one screen with too many windows. You can quickly switch between your workspaces using the workspace tabs.

Create workspaces

To create a workspace, go to the View tab in the FXVoyager and click the New Workspace button. You can also right-click on an existing workspace tab, and select New Workspace.

When prompted, give the workspace a name:

Click OK to create the workspace. The new (empty) workspace will appear as a tab underneath the toolbar:

You can now populate the workspace with windows.

Hint: Once you are done configuring your workspaces, you should save your layout as a profile.

Rename or Close a Workspace using the FXVoyager

1.To rename the active (selected) workspace, go to the View tab of the FXVoyager and click Rename Active Workspace.

2.To close the active (selected) workspace, go to the View tab of the FXVoyager and click Close Active Workspace

Rename or Remove a Workspace using the right-click menu

1.To rename the active (selected) workspace, right-click on the workspace tab, and click Rename Active Workspace.

2.To close the active (selected) workspace, right-click on the workspace tab, and click Close Active Workspace.

Move windows between workspaces

To move a window from one workspace to another, left-click on the icon in the upper left corner of the window, click Move To Workspace, and choose the workspace name.[/dt_sc_toggle][dt_sc_toggle title=”Tabbed Windows”]It is possible to group multiple windows into a single, tabbed window.

Placing one window inside another

To place Window A inside Window B:

1) Move the cursor over the header of Window A. Right-click on the header, and hold down the right mouse button.

2) While holding down the right mouse button, drag Window A across the screen. The window itself will remain in place; you will be dragging a gray outline of the window.

3) While still holding the right mouse button, position the cursor in the center of Window B. The gray outline will become smaller and “snap” into the center of Window B. This indicates that Window A is ready to be dropped into Window B.

4) Release the mouse button. Windows A and B are now grouped into one window, with Window A on top. Use the tabs to toggle between the windows. The header of the tabbed window will display the word “Tabs”, followed by the name of the currently selected window.

You may combine an unlimited number of windows into one tabbed window. If the width of all the tabs exceeds the width of the window, two arrows will appear next to the tabs, allowing you to scroll them horizontally.

2. Removing an individual window from a tabbed window

There are two ways to remove a window from a tabbed group window:

1) Click on the red X button of the window’s tab. This will close the selected window.

-OR-

2) Right-click on the window’s tab, and drag it outside the window. A gray window outline will appear. Release the mouse button. The window will move out of the tabbed group and become a standalone window.

3. Changing tab location

The tabs can be configured to appear on either the top or the bottom of the tabbed window. Right-click on any tab, and then select Top or Bottom from the pop-up menu.

4. Window functionality

Windows’ functionality is not affected in any way as a result of their being grouped into a tabbed window.

Note1: If you close the main tabbed window, all the individual windows within it will also be closed.

Note2: The following windows cannot be tabbed windows (i.e. cannot be inserted into other windows nor have other windows inserted into them): Dealing Rates window, Individual Dealing Rates window, HTML content windows.

[/dt_sc_toggle][dt_sc_toggle title=”Undock Windows”]There are three available modes of docking windows in ActTrader. They determine the positioning and behavior of individual windows relative to the main application window.

To access a window’s docking mode, left-click on the system icon in the top left corner of a desired window.

The following menu will appear:

Docked: The window is anchored to the main application window.

Undocked: The window can be dragged and positioned outside of the main application window. When the main application window is minimized/maximized, the undocked window is also.

Detached: The window can be dragged and positioned outside of the main application window. The window will appear as a separate item on the Windows Taskbar. Minimizing/maximizing the main application window will not affect the detached window. If the main application window is closed, the detached window will also be closed.[/dt_sc_toggle][dt_sc_toggle title=”Quickly find open windows”]You can quickly find any currently open windows in the application by using the Application Map under the Windows tab of the FXVoyager.

The application map is a list of all windows currently open in your application, organized by workspace. If you ever need to find an open window, just click the Application Map button and browse through all the windows in a single list. Click a window name to switch to that window.[/dt_sc_toggle][dt_sc_toggle title=”Profiles”]Desktop profiles are a convenient way of organizing different layout configurations of ActTrader. You can use one of the default system profiles offered by your broker, or you can configure and save your own desktop profile.

An application profile includes a list of workspaces, windows (their size, columns, and positioning on the screen) and application settings, including the “skin” settings.

Selecting a Profile

To select a profile go to the Home tab of the FXVoyager and click the Desktop Profile button.You will see a list of profiles. Default profiles are shown under the System heading. User-created profiles are shown under the Custom heading. Select the desired profile from the list to change to that profile. The currently active profile is checked.

Creating a New Profile

To create a new profile, first configure your windows/workspaces/settings to your liking. Then click the Desktop Profile button and select Save Current Profile As.

Name the new profile, and click OK. The new profile will appear in the list of Custom profiles.

Rename/Remove a Profile

To rename or remove a profile, click the Desktop Profile button and select Manage Existing Profiles.

The Manage Existing Profiles dialog allows you to rename or remove existing custom profiles by selecting a profile and clicking Rename or Delete. (you may not rename or remove System profiles)

Note: If changes are made to the profile and you attempt to switch to another profile, the following message will appear:

[/dt_sc_toggle][dt_sc_toggle title=”Minimize Windows”]You can minimize individual windows within ActTrader.

To minimize a window in ActTrader, left-click the Minimize button in the window caption bar:

The minimized window is represented as a small tab in the panel at the bottom of the application window. The panel appears only if you have at least one minimized window in the workspace.

Click the Restore button on the tab to restore the window to the previous size in the same workspace. You can also restore the window by double-click on the tab.[/dt_sc_toggle][/dt_sc_toggle_group][/dt_sc_tab][dt_sc_tab title=”FXVoyager” tab_id=”1686823756785-2-2″][dt_sc_toggle_group][dt_sc_toggle title=”FXVoyager”]A new navigation feature, the FXVOYAGERTM, is replacing the existing toolbar and application menus.

The FXVOYAGER toolbar makes it easy to quickly locate the tools and options necessary for trading and for performing other common application tasks.

The FXVOYAGER is intuitively constructed to allow the trader to navigate the trading application with maximum efficiency. The commands in the FXVOYAGER are organized into logical groups, and each group is found under a tab. Each tab relates to a unique activity, such as Trading or working with Charts, or to a specific application module, such as Forwards or Options.

Minimizing the toolbar

To save space on your screen, you can minimize the toolbar. To do this, double-click the name of a tab.
You can keep using the toolbar even after it’s minimized. Click the name of the tab you want to use, and the FXVOYAGER will appear. Once you click elsewhere in the application, the toolbar will be minimized again.
Double-click the name of a tab again to restore the toolbar.

[/dt_sc_toggle][dt_sc_toggle title=”Application Button”]The Application Button contains a dropdown menu with several options.

Change Password

Click to change your password. You will be required to enter your current password and then to enter the new password.

Diagnostic Tool

Click to open the Diagnostic Tool, which collects system data and sends it to the server, in case of technical problems.

Settings

Click to open the application Settings.

Exit

Click to exit the application.[/dt_sc_toggle][dt_sc_toggle title=”Home Tab”]The Home tab contains the most commonly-used actions. These include creating a market order, opening a new chart, subscribing to instruments, loading a desktop profile, and launching an algorithmic trading strategy.

Trading Group

Sell: Click to open a Sell position.

Buy: Click to open a Buy Position.

Chart Group

New Chart: Click to open a new chart window.

Instruments Group

Instrument Catalog: Click to open the Instrument Catalog window, where you can choose which instruments are visible in your application.

Profiles Group

Desktop Profile: Click to manage desktop profiles, or to choose from a list of saved system or custom profiles.

Algorithmic Trading Group

Indicators and Strategies: Click to open theIndicators and Strategies dialog, which will allow you to select and run an algorithmic trading strategy.

New Visual Strategy: Allows you to create a visual strategy directly on chart. Clicking this button opens the New Chart dialog for selecting the instrument and time scale on which the strategy will be created.

FXApps Group

FXApps: Click to open FXApps window.

Autochartist Group

Trading Opportunities: Click to open the Trading Opportunities window[/dt_sc_toggle][dt_sc_toggle title=”View Tab”]The View tab contains controls for customizing the application look and feel.

The buttons are highlighted when pressed – this indicates that corresponding function is enabled.

Screen Space Group

Full Screen: Clicking this button maximizes the application screen space:

• Expands ActTrader to the full screen

• Hides the Account Information Bar and Status Bar

• Minimizes the FXVoyager toolbar

• Enables the Hide toolbar and Use embedded chart labels checkboxes for all currently open charts and in the Chart Default Settings – i.e. for all newly open charts these options will also be enabled.

As a result ActTrader looks as follows:

In order to restore ActTrader to the previous view, click View > Restore Screen:

Auto-Arrange Windows: Click to arrange all windows that are open in the current workspace in order to fill the screen.

Workspaces Group

New Workspace: Click to open a new workspace.

Rename Active Workspace: Click to rename the currently active workspace.

Close Active Workspace: Click to close the currently active workspace.

Interface Type Group

FX Voyager Toolbar: Click to enable standard FXVoyager interface.

Application Menu: Click to enable top-level menu interface

Disable Skins: Click to turn off the FXVoyager interface and go back to the older look and feel of the application, which will include mini tick charts inside the dealing rates.

Skins Group

Classic: Click to switch to the Classic skin (standard ActTrader skin; all screenshots in this manual are made in this skin).

Modern: Click to switch to the Modern skin.

Note: Switching to another skin requires restart of the platform.

Show Group

Status Bar: Click to show/hide the Status Bar at the bottom of the main application window.

Account Information Bar: Click to show/hide the Account Information Bar at the bottom of the main application window.

When the button is pressed (highlighted), the corresponding bar is shown; when the button is depressed, the corresponding bar is hidden.

Grid: Press the button to show the grid on the application background; you can change the grid size in the edit box. When moving windows within the application they snap to the grid, which helps to organize your layout more efficiently. The grid can also be customized in the Main settings > Windows section.[/dt_sc_toggle][dt_sc_toggle title=”Trade Tab”]The Trade tab contains commands related to trading. It allows you to create market and conditional orders, to edit or remove orders, and to manage price alerts.

Market Order Group

Sell: Click to open a Sell position.

Buy: Click to open a Buy Position.

Close Position: Click to close an open position. A list of positions will appear, allowing you to choose the one you want to close.

Hedge Position: Click to hedge an open position.

Entry Order Group

Entry Sell: Click to create an Entry Stop or Entry Limit Sell order.

Entry Buy: Click to create an Entry Stop or Entry Limit Buy order.

Stop/Limit Order Group

Stop: Click to create a Stop or Trailing Stop order on an existing open position.

Limit: Click to create a Limit order on an existing open position.

Selected Order Group

Modify: Click to modify an existing order. If an order is currently selected in the Orders window, it will be preselected in the Modify Order dialog.

Remove: Click to remove an existing order. If an order is currently selected in the Orders window, it will be preselected in the Remove Order dialog.

Price Alerts Group

Price Alerts: Click to set a Price Alert.[/dt_sc_toggle][dt_sc_toggle title=”Forwards Tab”]The Forwards tab contains commands relating to Forex forward trading. It allows you to create forward market and conditional orders and to edit or remove forward orders. You can also open forward-specific windows and a dedicated forwards workspace.

Note: The Forwards Tab will only appear if Forex Forward trading is enabled on your platform.

Fwd. Market Order Group

Sell: Click to open a Forward Sell position.

Buy: Click to open a Forward Buy Position.

Close Position: Click to close an open Forward position. A list of positions will appear, allowing you to choose the one you want to close.

Hedge Position: Click to hedge an open Forward position.

Fwd. Entry Order Group

Entry Sell: Click to create a Forward Entry Stop or Forward Entry Limit Sell order.

Entry Buy: Click to create a Forward Entry Stop or Forward Entry Limit Buy order.

Fwd. Selected Order Group

Modify: Click to modify an existing Forward order. If an order is currently selected in the Forward Orders window, it will be preselected in the Modify Order dialog.

Remove: Click to remove an existing Forward order. If an order is currently selected in the Forward Orders window, it will be preselected in the Remove Order dialog.

Forwards Windows Group

Forward Orders: Click to open the Forward Orders window. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)

Forward Open Positions: Click to open the Forward Open Positions window. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)

Forward Closed Positions: Click to open the Forward Closed Positions window. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)

Forward Interest % Rates: Click to open the Forward Interest % Rates window. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)

Open Forwards Workspace: Click to create a dedicated Forwards workspace. The workspace will be populated with the four dedicated Forwards windows.

Read more about Forex Forwards…[/dt_sc_toggle][dt_sc_toggle title=”Options Tab”]For a complete description of Options functionality, please see the Options Trading section.

The Options Tab contains commands related to Options trading.

Note: The Options Tab will only appear if Forex Options trading is enabled on your platform.

Options Group

Buy Put: Click to buy a Put option.

Buy Call: Click to buy a Call option.

Options Window: Click to open the Options window. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)[/dt_sc_toggle][dt_sc_toggle title=”Binary Options Tab”]For a complete description of Binary Options functionality, please see the Binary Options Trading section.

The Binary Options Tab contains commands related to Binary Options trading.

Note: The Binary Options Tab will only appear if Binary Options trading is enabled on your platform.

Binary Options Bets: Click to open the Binary Options Bets window. The Binary Option Bets window is used for selecting and placing a bet.

Active Bets: Click to open the Active Bets window. The Active bets window displays bets that are awaiting for the expiration date/time.

Expired Bets: Click to open the Expired Bets window. The Expired Bets window displays bets that have been already expired.[/dt_sc_toggle][dt_sc_toggle title=”Windows Tab”]The Windows tab contains commands related to windows in the application. From this tab you can open or switch to any window.

Note: Clicking a window name will open that window. If the window is already open, clicking will switch focus to the window. (If the window is open in a different workspace, then that workspace will become active.)

Dealing Rates: Click to open the Dealing Rates window.

Dealing Rates Table: Click to open the Dealing Rates Table window

Open Positions: Click to open the Open Positions window

Orders: Click to open the Orders window

News: Click to open the News window

Reports: Click to open the Reports window

Closed Positions: Click to open the Closed Positions window

Price Alerts: Click to open the Price Alerts window

Instruments: Click to open the Instruments window

Accounts: Click to open the Account Information window

Summary: Click to open the Summary window

Events and Messages: Click to open the Events and Messages window

Risk Exposure: Click to open the Risk Exposure window

Trading Opportunities: Click to open the Trading Opportunities window

Application Map: Click to view the application map – a list of open workspaces, each one with a submenu with a list of open windows within that workspace. Selecting any window will switch to that workspace and set focus on the selected window.

Read more about Configuring your Workspace…[/dt_sc_toggle][dt_sc_toggle title=”Charts Tab”]The Charts tab contains commands related to Charts. From this tab you can create a chart, configure default chart settings, switch between currently open chart windows, as well as open the previously saved charts and chart templates, and create a visual strategy on the chart.

Charts Group

New Chart: Click to open a new chart.

Saved Charts: Click to see a list of the previously saved charts.

Open Charts: Click to see a list of currently open charts. Select a chart to switch focus to that chart window.

Settings Group

Set Defaults: Click to configure default chart settings.

Templates: Click to see a list of previously saved chart templates.

New Visual Strategy Group

Read more about Charts…[/dt_sc_toggle][dt_sc_toggle title=”ActFX Tab”]The ActFX tab contains commands related to algorithmic trading and custom user technical indicators. From this tab you can open the indicator and strategy editors, as well as to manage or launch your algorithmic trading strategies.

ActFX Group

Indicator Editor: Click to open the ActFX User Indicator Editor.

Strategy Editor: Click to open the ActFX User Strategy Editor.

Indicators and Strategies: Click to open the Indicators and Strategies window

Strategy Summary: Click to open the Strategy Summary window.

ActFX Online: Click to open ActFX forum.

Open Strategies: Click to see a list of currently open strategies. Select a strategy to switch focus to that strategy’s window.

MQL4->ActFX Converter: This button allows you to choose an MQL4 expert adviser file on your computer to convert it into ActFX strategy.Read more…

FXApps Group

FXApps: Click to open FXApps window.

Read more about Algorithmic Trading or User Indicators[/dt_sc_toggle][dt_sc_toggle title=”FXApps Tab”]The FXApps tab gives you the access to our strategies market and all applications purchased from it.

Click the FXApps button to open FXApps window

In the MyApps group you can find all purchased applications. All indicators and strategies downloaded/purchased from FXApps are automatically added to the Indicators and Strategies window in the MyApps group.[/dt_sc_toggle][dt_sc_toggle title=”Help Tab”]The Help tab contains a link to the user manual, as well as information about the application.

Help Group

Trader Manual: Click to open the Trader Manual in a browser window.

About: Click to show the system name and the application and system version numbers.[/dt_sc_toggle][/dt_sc_toggle_group][/dt_sc_tab][dt_sc_tab title=”Trading Guide” tab_id=”1686824635114-3-5″][dt_sc_toggle_group][dt_sc_toggle title=”Trading Guide”]This Trading Guide will describe everything you need to know about trading in ActTrader. Click a link below to get started.

Read about:

• Subscribing to Trading Instruments

• Opening Positions

• Stop and Limit Orders

• Closing/Hedging Positions

• Entry Orders

• OCO Orders

• One-Click Trading

• Price Alerts

• Trading From Charts

• Monitoring your Account(s)

• Viewing Closed Positions

• Managed Accounts

• Options Trading

• Forward Trading

[/dt_sc_toggle][dt_sc_toggle title=”Subscribe to Trading Instruments”]ActTrader allows you to subscribe to trading instruments that you want to trade and unsubscribe from instruments you don’t want to trade. When you unsubscribe from an instrument, it will not appear in any windows, and you will not receive its price feed. This helps you to keep your trading station tailored to your trading needs.

Instrument Catalog

To configure instrument subscription, click the Instrument Catalog button under the Home tab of the FXVoyager.

The Instrument Catalog displays all the instruments that are available to you. You can subscribe to/unsubscribe from instruments from this window.

The Instrument Catalog contains a list of all instruments available for subscription. To subscribe to one or more instruments, select them with the mouse and click “Subscribe”. To unsubscribe from one or more instruments, select them and click “Unsubscribe”. You may select a folder to subscribe to all instruments in that folder.

Once you have subscribed to an instrument, it will appear in the following windows:

• Dealing Rates window

• Individual Dealing Rates window

• Dealing Rates Table window

• Instruments window

• Chart windows (drop down instrument boxes)

If the selected instrument is unsubscribed, the “Unsubscribe” button is inactive; if the selected instrument is subscribed, the “Subscribe” button is inactive. Subscribed instruments are denoted by a fuller, 3D icon; unsubscribed instruments are denoted by a smaller, 2D icon of the same color.

If several instruments are selected, some of them subscribed, the others not, both the “Subscribe” and “Unsubscribe” buttons will be active.

Note 1. If there are open positions or orders on at least one of the selected instruments, then after clicking the “Unsubscribe” button, you will receive the following message: “Instrument (instrument name) in use”, and none of the selected instruments will be unsubscribed.

Instrument Search

Instrument search capability has been implemented in the Instrument Catalog window. You can search for an instrument by typing a letter(s) that the instrument name contains into the search field:

The found instrument will be highlighted in light grey color and the relevant “Subscribe” or “Unsubscribe” button will be active. You may scroll up or down through more search results by clicking the up/down arrows next to the search field.

Instrument Sorting

It is possible to sort the instruments in the “Instrument Catalog” window alphabetically. In order to do it you must click the “AZ” button to the left from the search field:

All the instruments will be sorted alphabetically inside each instrument group. The instrument groups themselves will also be sorted alphabetically.

When the instruments are sorted alphabetically, the AZ button will remain depressed. Click the button again to return all instruments to the default sorting.[/dt_sc_toggle][dt_sc_toggle title=”Open a New Position (Market Order)”]

Open a position from the Dealing Rates window

To open a position from the Dealing Rates window, right-click on a buy or sell rate, and click Market Order Buy or Market Order Sell. (If forwards trading is enabled, then you will first have to select Spot or Forward.) This will open the New Position dialog.

Note: You can also right-click on the rates in the Dealing Rates Table window or the Instruments window and get the same menu.

Open a position from the FXVoyager toolbar

To open a position from the FXVoyager toolbar, just click the Buy or Sell buttons in the Home or Trade tabs. This will open the New Position dialog.

New Position Dialog

The New Position dialog allows you to configure your market order.

1. Select the Instrument to trade

2. Select the account you want to trade from (if you have multiple accounts.

3. Enter the amount to trade into the “Amount” field.

Note: The default pre-set amount is determined by the account’s Default Amount setting.

Note: You may use the following hotkeys: Press K to multiply the amount by 1,000. Press M to multiply the amount by 1,000,000. Press Ctrl-K to add 1,000 to the amount. Press Ctrl-M to add 1,000,000 to the amount.

4. Enter the Trader Range measured in pips.

Note: The Trader Range is your tolerance for price change. It is a range (in pips) from your original order price within which you would still be willing to place the order. If the market shifts while you are placing an order, you will receive the notification message offering you to ‘Accept New Price’ or ‘Remove Order’ within a certain time period. If the new price is within the Trader Range, then the order will automatically go through at the new price.

If the market shifts while you are placing an order, the dealer may reject your order and offer you the new market price. If the dealer’s new price is within the Trader Range, the order will automatically go through at the dealer’s new price.

Note: The default value of Trader Range can be set in the the Main Settings.

5. To preset a stop/limit on this market order, check the “Set Predefined Stop/Limit” check box. Read more about predefined stops/limits…

6. Press OK to submit the order.

Note: Once you submit your order, it is sent to the Dealer, who can confirm, reject, or remove it due to a change in market price. While your order is being processed, it will appear in the Orders window, designated as an I (Initiate) order.

Note: You cannot open a new position on an account with insufficient usable margin. However, you can hedge an existing unhedged position on an account with insufficient usable margin.

7. The “Slider” in the Order creation dialog window allows to see which part order amount represents in the maximum order amount.

When MC occurs on the account or an account has insufficient usable margin to open 1 lot position, then slider will display 0 on the right and left sides.

If you use one-click trading, then in the Dealing Rates window there are sliders for Bid and Ask buttons correspondingly and the Amount field:

Once open, the new position will be shown in the Open Positions window, and you will receive the audio alert “Order Entered”. The account information will be updated. (In certain circumstances, as a result of placing an order, an offsetting position could be closed).[/dt_sc_toggle][dt_sc_toggle title=”Predefined Stop and Limit orders”]When creating a market order, you can predefine a stop/limit order. When the market order becomes a position, it will have the stop/limit order on it.

When you check the “Set Predefined Stop/Limit” check box, the dialog box expands, allowing you to set a predefined stop and/or limit.

To set a predefined stop, trailing stop, or limit, click on the check box next to the desired order type. When you select the checkbox, the order rate becomes editable. The rate constraints to the right of the rate fields are based on the type of order and the condition distance setting.

Note: It is not possible to set both a predefined stop and a predefined trailing stop. Only one or the other may be checked.

Select the relevant check box and adjust the order rate. If you change your mind and decide not to place that order, simply uncheck the check box. If you uncheck the “Set Predefined Stop/Limit” check box, the dialog box will collapse to its previous size and any predefined stops/limits you selected will be discarded.

Once you have edited the predefined stop/limit orders to your satisfaction, click OK to place the order.

The market order will appear as an “I” order in the Orders window, with the predefined stop and/or limit already entered.

Upon order confirmation, the position will open with the stop and/or limit in place.

Note: The application will remember whether the Predefined Stop, Predefined Trailing Stop or Predefined Preset Limit check box was checked at the moment the “New Position”” dialog box was closed. The next time the dialog box is open, the corresponding checkbox will be also checked. You can also determine beforehand which Predefined orders to set when creating a Market or Entry order using the Set Predefined order at position opening setting located in the Main Settings

Rejected Market Orders

If the you create a market order with a predefined stop/limit, and the order is rejected because of a price change, the predefined stops/limits will be automatically canceled. This information will be reflected in the “Rejected order” message.

If you choose to open the position anyway (Accept New Price), you will have to set the stop/limit manually in the Open Positions window.

Note: If the dealer chooses to confirm your order at a different rate from the order rate, predefined stops/limits will not be affected.

Predefined Stop/Limit constraints explained

The constraints on the possible rates of predefined stops and limits depend on the projected closing price when the position opens and on the condition distance setting. The projected closing price is calculated by taking the entry order price and adding/subtracting the current spread. Condition distance is then added to/subtracted from this projected closing price to determine the maximum/minimum possible rate for stops/limits.

Example: The current Bid rate is 28 and the current Ask rate is 33. The spread is 5. Condition distance = 1. You place an entry stop order to buy at Ask = 40. The projected closing price of the position (when it opens) is 40 – 5 (the spread) = Bid 35. Factoring in condition distance, we find that the maximum predefined stop rate is Bid = 34 (35 – 1). The minimum predefined limit rate is Bid = 36 (35 + 1).

Multiple Accounts

It is possible to place market orders with predefined stops/limits from multiple accounts using the multiselect feature. In the event that the selected accounts have different condition distance settings, the largest of the settings will be used for all accounts.

Example:

Bid=1.4215 Ask=1.4220

Acct. 153 condition distance = 5: Acct. 154 condition distance = 7

For both accounts, the larger condition distance of 6 will be used to calculate the constraints on the predefined stop/limit:

1.4215 – 7 = 1.4208; Stop at 1.4208 and lower.

1.4215 + 7 = 1.4222; Limit at 1.4222 and higher.[/dt_sc_toggle][dt_sc_toggle title=”Market order for managed accounts”]There are three ways to distribute lots among individual accounts when performing transactions with managed accounts.

• Fixed Default Amount (DA): Lots/Amounts will be distributed according to the individual DA of each account. The DA of a managed account is the sum of the individual accounts’ DAs. Managed accounts can only be traded in amounts that are multiples of the sum of all individual participating accounts’ DAs.

• Proportional: Lots/Amounts in the group order will be distributed in proportion to the maximum number of lots that can be open on individual participating accounts.

• Proportional – one minimal increment minimum: Lots/Amounts in the group order will be distributed in proportion to the maximum number of lots that can be open on individual participating accounts, but each account with sufficient usable margin will receive at least one minimal increment

Note: Only accounts with sufficient usable margin will be included in transactions

The allocation mode can be changed by going to Menu а Settings а View and Edit а Main Settings

[/dt_sc_toggle][dt_sc_toggle title=”Additional managed account order options”]Note: The following descriptions apply only if Proportional or Proportional – One Lot Minimum allocation modes are used.

There is a modification to the “New Position” (shown), “Close”, ”Hedge”, and “Close with hedge” windows when they involve managed accounts/positions.

The amount (shown as a link) can be clicked to show a detailed distribution of lots among individual accounts.

Clicking Create Order will finalize the order, while clicking Ok or Cancel will return you to the previous window. Click on the individual amount links to make adjustments.

If you modify two accounts with equal maximum amounts to have unequal individual amounts, you will receive the following notification:

Note: This notification will only appear if the accounts have equal balances.

Please note that by default when you create an order, you are offered the maximum amount of lots that the managed accounts can hold (with existing usable margin). To prevent the accidental order of the maximum number of lots, you are asked to verify your intention to execute the order.

[/dt_sc_toggle][dt_sc_toggle title=”Rejected Market Orders”]If you create a market order, and the order is rejected because of a price change, then depending on your system settings, you can receive the following reject message.

Reject Message without Timer

The Remove Order button includes a countdown timer that indicates how many seconds are left for the trader to accept the new price before the order is automatically removed.

Reject Message with Timer

• The message contains constantly changing market price on a specific instrument.

• It offers the choice to either “Re-Submit Order” at the current market price or “Remove Order”.

• This message does not have a timer.

• The message allows setting Trader Range before re-submitting the order.

Reject in STP

The systems connected to STP can have any reject message type for all orders which they process internally. For example, all orders processed internally have the “reject with the timer and option to accept” mode.

While orders sent directly to the STP provider receive a special reject message if they get rejected by the STP provider.

When a reject occurs in STP, trader of the TH system receives a message as in the example below:

“Your order # 1282 to Buy USDCASD at 1.0071 could not be processed. Please click OK to remove the order from the Orders window and try again”.

In the Events and Messages window, trader sees a message with the same text.[/dt_sc_toggle][dt_sc_toggle title=”Stop and Limit Orders”]A Stop order (sometimes known as a stop-loss order) is a conditional order aimed at closing a position after a certain price is reached. A stop is triggered when the market moves in an unfavorable direction for the trader. It is designed to prevent further losses when a position is losing money.

A Limit order (sometimes known as a take-profit order) is a conditional order aimed at closing a position after a certain price is reached. A limit is triggered when the market moves in a favorable direction for the trader. It is designed to realize the profit made by the position.

Set a Stop/Limit Order from the Open Positions Window

Right-click on a position in the Open Positions window, and click Stop, Limit, or Trailing Stop (if trailing stops are allowed). The Stop or Limit dialog box will appear.

Set a Stop/Limit Order from the FXVoyager Toolbar

In the FXVoyager toolbar, click the Stop or Limit button under the Trader tab

A dialog will appear with a list of positions. Select the position on which you wish to set the Stop/Limit on, and click OK. The Stop/Limit Dialog will appear.

Enter the desired order rate and press OK.

Note: You can also configure the order by editing the “Distance in pips” and “Projected PL” boxes.

The Stop/Limit will be shown in the Orders window:

It will also be shown in the Open Positions window in the Stop or Limit column.

Stops and Limits can also be set for existing Entry Orders. This means that whenever an Entry Order is executed, the resulting open position will have a preset Stop/Limit order.

Right-click on the existing ES/EL order in the Orders window and choose Stop or Limit from the pop-up menu. The dialog box will appear. Enter the desired rate and press OK.

The Stop/Limit will be shown in the Orders window:

Trailing Stop Example (click to expand)

In this example, a BUY position is opened. A Trailing Stop is set with a trailing distance of 20 pips. (Figure 1)

Market price = 1.0045

Stop price = 1.0025

Figure 1

As the market price moves up, the Stop order will follow the market price at a distance of 20 pips. In the image below, the market price has moved up to 1.0054. The Stop order price is now 1.0034. (Figure 2)

Figure 2

If the market price begins to move down, the Trailing Stop order price remains fixed. In the image below, the market price has gone down to 1.0042. The trailing stop order price has remained at 1.0034. (Figure 3)

Figure 3

At this point, if the market continues to descend, the trailing stop order will be triggered when the market reaches 1.0034.

If, on the other hand, the market begins to rise, the trailing stop will remain at 1.0034 UNTIL the market price passes 1.0054 (20 pips away). At this point, if the market continues to rise, the trailing stop order price will start to rise as well, trailing the market price by 20 pips.

Right-click on the desired open position in the Open Positions window or on the existing ES/EL order in the Orders Window and choose Trailing Stop from the pop-up menu. The dialog box will appear:

To set the Trailing Stop Distance check the “Set Trailing Stop Distance” check box in the “Stop Order” dialog box and enter the distance value in pips. Press OK. The Trailing Stop Distance value will appear in the “Tr.Stop” field of the position record and a Trailing Stop Order will appear in the Orders window.

Remove non-triggered Orders

Right-click on the desired order in the Orders window and select Remove from the pop-up menu.[/dt_sc_toggle][dt_sc_toggle title=”Close and Hedge Positions”]

Close a Position

Close a Position from the FXVoyager toolbar

On the FXVoyager toolbar, click the Close Position button under the Trade tab. A dialog will appear containing a list of currently open positions. Select the position you wish to close, and click OK.

Close a Position from the Open Positions window

Right-click on the position line in the Open Positions window, and select Close Position from the menu. The Close Position dialog will appear.

Enter the desired amount you wish to close into the “Amount” field. You can enter a smaller amount if you want to only partially close position.

Note: By default you are offered to fully close the position.

Press OK to confirm the order. The position will be closed. Account information will be updated. The closed position will appear in the Closed Positions window.

Note, that the system will not allow you to close the position which already has existing C order waiting for the dealer’s confirmation.

If you select a position with a C order created earlier, you will receive the following message: “There is an existing C order [order number] to close [order amount] in ticket [ticket number]”.

A new C order will not be created

If you select several positions to close, the C orders will be created only for those positions which do not have existing C orders. The system will check your positions one by one, and if it finds a position with a C order created earlier, it sends the message described above, and stops checking the remaining positions.

Note: On the NFA regulated systems, position closing is done in a different way. See details here.

Hedge a Position

“Hedging” refers to the opening of a new position in the opposite direction of an existing position on the same instrument.

Note: Hedging may not be allowed on some platforms.

Hedge a Position from the FXVoyager toolbar

On the FXVoyager toolbar, click the Hedge Position button under the Trade tab. A dialog will appear containing a list of currently open positions. Select the position you wish to hedge, and click OK.

Hedge a Position from the Open Positions window

Right-click on the position line in the Open Positions window, and select Hedge Position from the menu. The Hedge Position dialog will appear.

Enter the desired number of lots into the “Amount” field. You can hedge a position partially or fully.

Note: By default, you are offered to fully hedge the position.

Press OK to confirm the hedge.

Note: You can hedge an existing unhedged position on an account with insufficient usable margin. You, however, cannot open a new position on an account with insufficient usable margin.[/dt_sc_toggle][dt_sc_toggle title=”Entry Orders”]Entry Stop and Entry Limit orders are orders to open a new position at an off-market price. If that price is reached, the entry order will be triggered and the trader will enter the market (a new position will open).

Entry Limit orders aim at opening positions in the future, when the market price has moved DOWN for a Buy order/UP for a Sell order. Entry Stop orders aim at opening positions in the future, when the market price has moved UP for a Buy order/DOWN for a Sell order.

Create an Entry Stop/Limit from the Dealing Rates window

To create an entry stop/limit from the Dealing Rates window, right-click on a buy or sell rate, and click Entry Stop Buy or Entry Limit Buy. (If forwards trading is enabled, then you will first have to select Spot or Forward.) This will open the Entry Order dialog.

Note: You can also right-click on the rates in the Dealing Rates Table window or the Instruments window and get the same menu.

Create an Entry Stop/Limit from the FXVoyager toolbar

To open a position from the FXVoyager toolbar, just click the Entry Buy or Entry Sell button under the Trade tab. Each button opens a dropdown menu allowing you to choose Entry Stop or Entry Limit.

Entry Order Dialog

1. Enter the amount in lots.

Note: The default pre-set amount is equal to the account DA setting

2. Enter the rate in the “Rate” field.

Note: The allowed price range is shown to the right of the “Rate” field.

Note: You can also adjust the “Distance in pips” box to set up your order. (Distance in pips = The difference in pips between the proposed entry order rate and the current market rate.)

3. If you are creating this entry order as part of an OCO pair, select the “Create as OCO for order” box. You will then be able to select an existing entry order from a pull-down menu.

4. To preset a stop/limit order on this entry order, check the “Set Predefined Stop/Limit” box. More about predefined stops/limits…

5. Press OK. A new order marked ES or EL will be created and shown in the Orders window.

Note: This order will be executed when the market price matches the order price.

Since the market continues to fluctuate while you are placing an entry order, certain fields in the Entry Order creation dialog will update in real time:

• If you set a specific entry rate and the market rate changes before the order is finalized, then ‘Distance in pips’ will update accordingly, while the selected entry rate will remain fixed.

• If you modify the ‘Distance in pips’ field and the market rate changes before the order is finalized, then the entry rate will update accordingly, while the ‘Distance in pips’ will remain fixed.

• If you do not modify any field and the market rate changes before the order is finalized, then the entry rate will update accordingly.

Note: Some systems may allow Trailing Entry orders. Read more…

A new order marked ES (Entry Stop) or EL (Entry Limit) will be created and will appear in the Orders window.

This order will be executed at the time when the trader’s price matches the order price.[/dt_sc_toggle][dt_sc_toggle title=”Trailing Entry orders”]Trailing Entry Stop works as follows: if the market price moves UP for sell orders/DOWN for buy orders, then the Trailing Entry Stop moves with the market price, following it at a pre-set distance; if the market price moves DOWN for sell orders/UP for buy orders, then the Trailing Entry Stop price remains fixed and, if the market price reaches the Trailing Entry Stop order price, the order will be executed and a new position opened.

Trailing Entry Limit works as follows: if the market price moves DOWN for sell orders/UP for buy orders, then the Trailing Entry Limit moves with the market price, following it at a pre-set distance; if the market price moves UP for sell orders/DOWN for buy orders, then the Trailing Entry Limit price remains fixed and, if the market price reaches the Trailing Entry Limit order price, the order will be executed and a new position opened.

Trailing Entry Stops/Limits have the same logic as Trailing Stop orders on a position. For a specific example of how a trailing order behaves in relation to the market price, please see the Trailing Stop Example.

To place a Trailing Entry order, check the “Trailing Distance” check box in the order window.

[/dt_sc_toggle][dt_sc_toggle title=”Predefined Stop/Limit”]This functionality enables you to preset a stop/limit order when creating an entry order.

When you check the “Set Predefined Stop/Limit” check box, the dialog box expands, allowing you to preset a stop and/or limit on your entry order.

Note: It is not possible to set both a predefined stop and a predefined trailing stop. Only one or the other may be checked.

Once you have edited the predefined stop/limit orders to your satisfaction, click OK to place the order.

The entry order will appear in the Orders window with the predefined stop/limit already entered.

Upon order execution, the position will open with the stop and/or limit in place.

Note: The application will remember whether the “Set Predefined Stop/Limit” check box was checked or not at the moment the Entry Order dialog box was closed. The next time the dialog box is open, it will be expanded or contracted, depending on its most recent state.[/dt_sc_toggle][dt_sc_toggle title=”OCO Orders”]OCO (One Cancels the Other) orders are two conditional orders created with an OCO link.When either of the orders is triggered, the other order is automatically removed by the system.

Only Entry orders can be OCO Orders.

OCO orders must be placed:

• From the same account

• On the same instrument

• In the same direction (Buy/Sell)

• On different sides of the market (Entry Stop/Entry Limit)

Example: An EL order to BUY EURUSD on account #105 can only be bound to an ES order to BUY EURUSD on account #105.

• Creating OCO pair from scratch

• Creating a new Entry order as an OCO to an existing Entry order

• Binding two existing Entry orders into an OCO pair

• Unbinding OCO orders

• Trailing Entry orders

[/dt_sc_toggle][dt_sc_toggle title=”Creating OCO pair from scratch”]

It is possible to create an OCO pair “from scratch”, i.e. create two linked orders simultaneously.

Right-click the Buy or Sell rate in the Dealing Rates window, Instruments window, Dealing Rates Table window, or an Individual Dealing Rate window, and select Entry OCO from the menu.

The “Entry OCO Order” dialog box will appear:

Set the rate for the Entry Stop order and the rate for the Entry Limit order. Click OK to create both orders.

Note 1: Since there is only one Amount field, both orders will be for the same number of lots. If you want an OCO pair to have different numbers of lots, you must create the orders separately.

Note 2: You cannot set trailing distances from this window. You can set them manually later by right-clicking on the order record in the Orders window, and selecting Change order rate. Or, you can just create the orders separately.[/dt_sc_toggle][dt_sc_toggle title=”Creating a new Entry order as an OCO to an existing Entry order”]There are two ways to create a new Entry order to bind to an existing Entry order.

1.Create a new Entry order and then select an existing Entry order to link it with.

2.Select an existing Entry order and set an OCO link to a new order from the right-click menu.

Method 1: Create an Entry Stop or Entry Limit order as you normally would. The “Entry Order” dialog box will appear:

Check the “Create as OCO for order” check box. If there are OCO linkable Entry orders already open, they will be listed in the drop-down box. You can also type in an order number.

Note: The drop-down box contains all possible OCO order candidates for the type of order you have selected.

Method 2:

Right-click on an existing Entry order in the Orders window, select OCO Link, and then select Set To New Order.

The Entry Order dialog box will appear:

The “Create as OCO for order” check box will be checked. The order on which you clicked will be automatically selected. All other orders which can be OCO pairs with the new order are also available in the drop-down box.

In either case, if you try to bind a new Entry order to an existing Entry order that is already part of an OCO pair, the system will display a warning:

[/dt_sc_toggle][dt_sc_toggle title=”Binding two existing Entry orders into an OCO pair”]Right-click on an Entry order in the Orders window, select OCO Link, and then select Set To Existing Order.

The dialog box will appear:

If there are existing OCO linkable orders, they will be listed in the drop-down box.

If the original order is already part of an OCO pair, the dialog box will contain a warning:

[/dt_sc_toggle][dt_sc_toggle title=”Unbinding OCO orders”]To unbind an OCO pair, right-click on one of the OCO orders in the Orders window, select OCO Link, and then select Unbind OCO.

You will receive a confirmation pop-up

Click OK to unbind the orders.

Note: If you right-clicked an Entry order that is not part of an OCO pair, the Unbind OCO command will be grayed-out.[/dt_sc_toggle][dt_sc_toggle title=”Trailing Entry orders”]You can bind two trailing entry orders, or a trailing entry order and a regular entry order, into OCO pairs. Simply check the “Trailing Distance” check box when creating an OCO order.

However, when creating an OCO pair “from scratch” using the Entry OCO command, you only have the option to create regular Entry orders. If you want to make these into trailing orders, you can do it manually later by right-clicking on the order record in the Orders window, and selecting Change order rate.[/dt_sc_toggle][dt_sc_toggle title=”One-Click Trading”]As its name implies, One Click Trading allows you to open a new position in just one click.

One click trading can be enabled through the application main settings.

The “One Click Trading” setting adds an “Amount” field and sliders to every instrument’s cell in the Dealing Rates window. Furthermore, when you click on Bid or Ask, a position will immediately open for the number of lots indicated in the “Amount” field (by default, the DA of the selected account).

Sliders under each Bid and Ask button shows minimum and maximum amount that can be sold or bought from the currently selected account.

You can also determine beforehand whether to set Predefined orders when opening positions in one-click trading mode, using the Set Predefined order at position opening setting located in the application main Settings

One Click Trading with managed accounts

The following options are available when:

1. A managed account is selected, AND

2. The current managed account order allocation mode is set to “Proportional” or “Proportional-One lot minimum”

The Amount caption in each instrument’s cell becomes a link

Clicking the Amount link opens the “Amount Details” window, which enables you to review and re-distribute the number of lots for each individual account within the managed group.

Each amount can be modified.

In the One-Click Trading mode you can also close a position in one click – by clicking the Close Rate (Close column) in the Open Positions window. In this case the selected position is always fully closed.[/dt_sc_toggle][dt_sc_toggle title=”Price Alerts”]Price Alerts can be of two types: price alerts (rate alerts) and chart alerts. Rate alerts let you know when the rate on an instrument has reached or crossed a predefined level. Chart alerts are intended to notify the trader of trend reversals, breaking through support/resistance levels, and other important changes of the chart pattern.

When a Price Alert is triggered, the system displays a pop-up message and plays an audio alert.

•Setting Price Alerts

•Setting Chart Alerts

•Viewing, Editing, and Removing Price Alerts

•Triggered Price Alerts

•Changing Audio Alert Setting

[/dt_sc_toggle][dt_sc_toggle title=”Setting Price Alerts”]The quickest way to set a price alert is to click the Price Alert button under the Trade tab of the FXVoyager toolbar.

You can also set a price alert by right-clicking on an instrument in these windows:

• Dealing Rates window

• Individual Dealing Rate window

• Dealing Rates Table window

• Instruments window

Select Price Alert from the pop-up menu. The “Set Price Alert” box will pop up.

Set the rate at which you wish the Price Alert to be triggered. Click OK.[/dt_sc_toggle][dt_sc_toggle title=”Setting Chart Alerts”]View Tutorial

You can set a chart alert in two ways:

1) Select a trendline on the chart and select the option Set Alert On Penetration from the lines menu on the chart toolbar (this option is grayed out for any other lines except for trendlines)

2) Right-click on a trendline and select Set Alert On Penetration from the context menu (this option appears only in the context menu of a trendline):

After this option is selected, the Set Chart Alert window opens:

At the top of the window the chart instrument, interval, and the name of the trendline are indicated. Select the direction and the penetration conditions using the radio buttons.

Note 1: The ‘Upon candle close’ option is unavailable on tick charts. If ‘Tick’ is selected as the chart interval, ‘Upon penetration’ will be preselected, and both options of the Send Alert setting will be grayed out.

Note 2: If the ‘Upon candle close’ option is selected, the condition will be checked each time when a new candle opens in the chart.

Click OK to create the alert. It will immediately appear in the Price Alerts window in the dedicated Chart Alerts table:

Note 3: You cannot create several Chart Alerts on a single trendline.[/dt_sc_toggle][dt_sc_toggle title=”Viewing, Editing, and Removing Price Alerts”]You can view, edit, and remove untriggered Price Alerts using the right-click menu in the Price Alerts window.[/dt_sc_toggle][dt_sc_toggle title=”Triggered Price Alerts”]When the rate of an instrument reaches or crosses the rate of the Price Alert, a sound is generated and a pop-up message appears:

When a chart’s candle penetrates the trend line, a sound is generated and a pop up message appears:

Each Price Alert is triggered only once, and is automatically removed after you press OK.[/dt_sc_toggle][dt_sc_toggle title=”Changing Audio Alert Setting”]You can change the sound that is played when a Price Alert is triggered in the sound settings.[/dt_sc_toggle][dt_sc_toggle title=”Trading from Charts”]You can place trades and create conditional orders and price alerts directly from a chart.

Read the section on Trading From Charts.[/dt_sc_toggle][dt_sc_toggle title=”Monitor your Account(s)”]All necessary information about your account(s) can be found in the Account Information window.The window also allows you to view Margin Call and Rollover rates, set your default order amount, and combine multiple accounts into a single managed account.

In the FXVoyager toolbar, click the Accounts button under the Windows tab.

In addition, the Account Information bar give you an at-a-glance view of your account.

Click Reports under the Windows tab of the FXVoyager toolbar to run an Account Statement or Trader Statistics report.[/dt_sc_toggle][dt_sc_toggle title=”View Closed Positions”]You can view your position history in the Closed Positions window.

To open the Closed Positions window, open the Windows tab in the FXVoyager and click the Closed Positions button.

Read more about the Closed Positions window…[/dt_sc_toggle][dt_sc_toggle title=”Managed Accounts”]If you have multiple accounts, you can combine them into a group of managed accounts. Once combined into a managed account, the accounts can be traded as one.

Setting Up a Managed Account

If you have 2 or more accounts, you can set up a managed account.

Right-click inside the Account Information window, and select Organize Managed Accounts.

A dialog will open with two lists of accounts. You can select a group account by choosing the appropriate account number from the drop down box at the top of the list. The list under the drop down box contains all of the accounts that are a part of the group specified in the drop down box. You can move accounts between the two lists by selecting the account or several accounts and using the buttons > and <. You can move accounts from the Non-Managed pool to a group account, from a group account to the Non-Managed pool, or from one group account to another group account.

You can create a new group account by clicking the button “Create New Group”. The new group is created empty. You cannot create a new group if you already have an empty group.

You can add new accounts to the group or remove accounts from the group even if there are open positions/orders on account/group.

Please note:

1. Newly added account will NOT participate in the existing group positions/orders.

2. When removing account from the group, existing group positions and orders will remain open. But open position on this account will no longer be part of the group position.

Existing group order will be reduced by the amount allotted to this account. Existing order on this account that was a part of the group order will be removed.

Trading From a Managed Account

To trade from your managed account, make sure that it is highlighted in the Account Information window, or selected in the Account Information bar.

Order amounts are allocated among the accounts in the group based on the Managed Order Amount Allocation Mode setting, found in the Main Settings of the application.[/dt_sc_toggle][dt_sc_toggle title=”Options Trading”]Note: Options trading may not be available on your platform.

An option is a contract that gives the buyer the right to buy or sell the underlying commodity at the strike price on the expiration date. Strike price and expiration date are determined by trader. Options are used for speculative trading and for hedging spot positions.

Quick Start Trading Guide

Open (buy) a New Option

You can buy an option by right-clicking on a dealing rate (Dealing Rates, Dealing Rates Table, Instruments windows), or by clicking one of the buttons on the Option toolbar:

Buy Put: Click to buy a Put option.

Buy Call: Click to buy a Call option.

If you have only one trading account, this account is selected automatically; otherwise, select the account that you want to trade from in the Account Information window or in the Account Information bar. Option trading is not available from group accounts, or from a selection of multiple accounts.

The selected account will be highlighted.

Right-click on the rate for the option you want to buy in the Dealing Rates window. Right-click on the Bid (Sell) button for a put option, and for a call option click on an Ask (Buy) button. Select “Buy Option” from the pop-up menu.

The “New Option” dialog box will appear:

Enter the order amount in lots into the “Amount” field.

Select the expiration date for the option in the “Expiry” field.

Select the strike price in the “Strike”.

You can also select the option parameters via the convenient table listing strikes and the corresponding deltas, premiums and volatility for the selected expiration date.

Clicking on Table of Strikes button brings up a table in a pop-up window.

When you finish selecting options parameters, click OK to submit the order. Your order appears in the Options window with I status.

Note 1: Once you click OK your order is sent to the Dealer, who can confirm, reject or remove it (due to a change in market price).

Upon the dealer’s confirmation, a new option will be opened and the status of the option in the Options window will change to O.

Note 2: 20 strikes up and 20 strikes down from the current price are available for trading. Strike prices are 50 pips apart.

Close (sell) an Option

Select the option that you wish to close in the Options window. Right-click on the option, and select “Close Option” from the pop-up menu. Click OK on the confirmation message to submit the close option order.

Note: Once you click OK your order is sent to the Dealer, who can confirm, reject or remove it (due to a change in market price).

Upon the dealer’s confirmation, the option will be closed and the option value will be added to the account balance.

Monitoring Options Orders and Positions

Options orders and positions are displayed and managed in the dedicated Options window. You can open this window through the Options tab on the main panel:

Expiration of Options

Options expire at 12:00 Midnight on their expiration date.

‘Out of the Money’ and ‘In the Money’ options are automatically removed by the system upon expiration.

In the Money options result either in the opening of a spot position or in the option’s value added to the account balance between 12:00 midnight and 11:00 AM on the expiration day.

Monitoring Exposure from Options

The Summary and Currency Risk Exposure windows can be configured to reflect Options, Spot Positions, or both. (Or neither, if only “View Forwards” is activated.)

The options ‘Show Spot’ and ‘Show Options’ in the right click menu of the Summary window allow you to see the summary information:

• Only for spot positions (‘Show Spot’ option active, ‘Show Options’ option inactive);

• Only for options positions (‘Show Options’ option active, ‘Show Spot’ option inactive);

• For both spot and options positions (both ‘Show Spot’ and ‘Show Options’ options active);

The options ‘View Spot’ and ‘View Options’ in the right click menu of the Currency Risk Exposure window allow you to define, which trades to be considered:

• Only spot positions (‘View Spot’ option active, ‘View Options’ option inactive);

• Only options positions (‘View Options’ option active, ‘View Spot’ option inactive)

• Both spot and options positions (both ‘View Spot’ and ‘View Options’ options active)

Note 1: The exposure from options displayed in Risk Exposure and Summary windows is based on the “Exposure Amount” figure. This figure is displayed in Options window for each option position.

Note 2: Due to rounding rules difference in Risk Exposure, Summary, and Options windows, the last few digits of the figures might differ slightly.

Options in Account Statement

Opening and closing of Options positions and expirations of options are reflected in the Account Transactions table of the Account Statement report. Open Options positions are displayed in the Open Options Positions table of the Account Statement report.

Type

Transaction type

OOP – option opened

OCP – option closed

OEX – option expired

Ticket

The option number.

Option Prem

The amount per unit of currency that an option buyer pays to the seller.

The option premium is primarily affected by the difference between the stock price and the strike price, the time remaining for the option to be exercised, and the volatility of the underlying stock.

Option#

The option number

Instrument

Instrument name. This is the name that can be set and customized by the administrator in the Instruments section of the ActAdmin. For example, for GBPUSD, the instrument name may read “Cable”.

Expiration Date

Option expiration date.

Strike Price

The specified price on an option contract at which a call option buyer can buy the underlier or a put option buyer can sell the underlier.

The buyer’s profit from exercising the option is the amount by which the strike price exceeds the spot price (in the case of a put), or the amount by which the spot price exceeds the strike price (in the case of a call).

Call/Put

A Call is an options contract that gives the buyer the right to buy the underlying commodity at the strike price on the expiration date.

Put is an options contract that gives the buyer the right to sell the underlying commodity at the strike price on the expiration date.

Lot

Number of lots in the option. If the system is set in amounts (rule Show Trade/Order Size as), the column is titled Amount and displays the amount in the option.

Open Date/Time

The date and time of opening of the option.

Open Premium

Premium at opening of the option. Premium is calculated by the system using the volatility data specified in ActAdmin->Options-> Market volatility or Static Volatility. If negotiation on opening of an option is “Full”, dealer may manually change the open premium of the option before confirming the transaction.

Premium is used to calculate open cost of the option.

Open Cost

Total cost of opening of the option position. The open cost is subtracted from the account balance at the time of the transaction.

Open cost is calculated by the system via the following formula:

Cost = Premium*Contract size*Number of lots

Note: If negotiation on opening of an option is “Full”, dealer may manually change the open premium of the option before confirming the transaction, thus altering the calculated open cost of the option.

If the resulting open cost is less than the Minimum Cost, then the Minimum Cost will be applied instead of the above formula. The Minimum Cost is equal to the Number of Lots*Minimum Cost per Lot specified in ActAdmin for this instrument. In this case, the Premium is not used to calculate the open cost of the option.

Current Premium

Premium at the end of report period. Premium is calculated by the system using the volatility data specified in ActAdmin->Options-> Market volatility or Static Volatility. If negotiation on closing of an option is “Full”, dealer may manually change the close (current) premium of the option before confirming the transaction.

Current Premium is used to calculate the option value.

Option Value

The value the trader would receive for closing of the option position at the end of report period. Option value would be added to the account balance at the time of the transaction.

Option value is calculated by the following formula:

Option Value = Current Premium*Contract size*Number of lots.

Note: If negotiation on closing of an option is “Full”, dealer may manually change the close (current) premium of the option before confirming the transaction, thus changing the options value.

The Minimum Cost per lot setting has no effect on determining the option value.

User

The login of the trader or dealer that confirmed the buy option transaction.

Trader’s login appears in this column if the negotiation on buying an option was AUTO at the time of the transaction and the transaction did not require dealer’s confirmation.

Dealer’s login appears in this column if the negotiation on buying an option was FULL at the time of the transaction and the dealer confirmed the order without changing the option premium (cost).

Trader’s login appears in this column if the negotiation on buying of an option was FULL at the time of the transaction, the option was re-priced by dealer (set new open premium and open cost), trader accepted the new cost.

Glossary of Terms

Open Premium

Premium is the price of opening (buying) of an option per one unit of currency.

Premium is used to determine the open cost of the option.

Open Cost

Total cost of opening of an option. The open cost is subtracted from the account balance at the time of the transaction.

Current Premium

Current or close premium is the current close price of an option per one unit of currency.

Premium is used to determine the close value of the option.

Option Value

The value the trader would receive for closing an option. The option value is added to the account balance at the time of the transaction.

Option Number

The unique number that identifies the option in the system.

NOTE: ticket numbers for spot positions and option numbers for options are not the same, as spot and option transactions are tracked separately. Therefore, there may exist a spot position and an option in the system that may potentially have the same number.

Call

An option giving the owner the right (not the obligation) to buy the specified instrument at strike price on the expiration date.

Put

An option giving the owner the right (not the obligation) to sell the specified instrument at strike price on the expiration date.

Strike Price

The price at which an option can be exercised. Strike price is fixed in the option contract. For call options, the strike price is the price at which the instrument can be bought at the expiration date, while for put options the strike price is the price at which the instrument can be sold. Strike Price is one of key determinants of Option Premium.

Expiration date

The date when an in-the-money option may be exercised, or an out-of-the-money option expires worthless. The amount of time left until the option’s expiration date is one of the key determinants of Option Premium.

European option

An option that may only be exercised on expiration. European options are the only type of options available in the system.

[/dt_sc_toggle][dt_sc_toggle title=”Forward Trading”]

What is Forward Trading?

Forward trading is a way of trading Forex instruments, in which the delivery date of the contract is later than the 2 days of spot Forex trading. Forwards are not instruments in their own right, in the same way that options are not instruments – rather they are a different way of trading currencies. The spot Forex market has a set delivery date of 2 days. In Forex forwards, the delivery date (also known as the Value Date) is at some predefined point in the future, between 3 days and 6 months from the current day. The forward price on a Forex instrument differs from the spot price because it takes into account the annual interest rates of each currency as well as the duration between now and the selected value date. This information is plugged into a formula that determines the swap rate. The swap rate, added to the spot rate, results in the forward rate. As a result, forward trading can be an opportunity to take advantage of interest rate differentials between two currencies.

Forwards may be most beneficial to traders who know they are planning to keep a Forex position open longer than a few days, because overnight rollover charges are not applied to forwards.

How Forward Rates are Calculated

Overview

The forward rate is different than the spot rate and depends on the spot rate, interest rate and number of days between the current day and the Value Date. Forward rates are displayed with 2 more digits after the decimal than spot rates.

Note: If a forward position has not been closed by the end of the Value Date, then the forward will expire and be closed automatically at the end of the trading day. The P/L will be added to the account balance.

The Spot Rate is modified by a new component in the price, the Swap Rate. The Swap Rate is added to the Spot Rate in order to calculate the Forward Rate.

Forward Rate Formula

Buying a forward instrument:

Selling a forward instrument:

where

____ = Swap Rate

n = Number of calendar days between the current day and the end of the value day

R = Resulting % rate (the difference between the annual % rates of the two currencies, adjusted by +/- % spreads)

Clarification and Examples

Every Forex forward trade actually consists of two operations: Buying one currency and selling another currency:

BUY EURUSD means: BUY EUR / SELL USD

SELL EURUSD means: SELL EUR / BUY USD.

Annual % rates. For the purpose of forward interest rate calculation:

The annual rate of the bought currency is taken with the positive sign. This is what the trader receives. The annual rate of the sold currency is taken with the negative sign. This is what the trader pays.

Spreads +/- %. The purpose of the % spread is to decrease the rate that the trader receives and to increase the rate that the trader pays. Thus the % spread is subtracted from the annual rate that the trader receives, and added to the annual rate that the trader pays.

Example 1: Calculating the Resulting Rate (R)

The 1-month spread for EUR and for USD is 0.15%

EUR annual rate = 4.25%

USD annual rate = 2.00%

Example 1a: The trader BUYS EUR / SELLS USD:

For EUR, take clip0383clip0384. Trader receives 4.10%, less than the annual 4.25%.

For USD, take clip0385clip0386. Trader pays 2.15%, more than the annual 2.00%.

The resulting rate (R) is clip0387clip0388. Positive result, the Trader receives.

Example 1b: The trader SELLS EUR/ BUYS USD:

For EUR, take clip0389clip0390. Trader pays 4.40%, more than the annual 4.25%.

For USD, take clip0391clip0392. Trader receives 1.85%, less than the annual 2.00%.

The resulting rate (R) is clip0393clip0394. Negative result, the Trader pays.

Applying % spreads from the table:

1) If the time difference between the current day and the end of the value date is less than or equal to the time interval specified in the table, the % spread specified for this interval is used;

2) If the time difference between the current day and the end of the value date is larger than the time interval specified in the table, the % spread specified for the next interval is used.

3) If there is no % spread specified for a given interval, the system will attempt to use the % spread from the nearest later interval. If no such spread is available, then the latest value date will be constrained by the nearest available % spread.

Example 2: Calculating the Swap % Rate

Swap % rate formula:

Today is Wednesday September 03, time is 16:00

Value Date = October 1 (less than 1 calendar Month):

n = 27 (27 calendar days until the value date)

If we BUY EUR/ SELL USD:

R = + 1.95%

If we SELL EUR/ BUY USD:

R = – 2.55 %

Example 3: Calculating the Swap Rate to get the Forward Rate

Current spot price for EURUSD: BID 1.4570 / 1.4575 ASK

Example 3a: BUY EUR / SELL USD (Using ASK price of 1.4575)

Swap Rate: 0.14625% of Ask rate of 1.4575 = 0.002132

Trader Receives, meaning he buys lower; This means the swap rate is subtracted from the ASK price.

Example 3b: SELL EUR / BUY USD (Using BID price of 1.4570)

Swap Rate: – 0.19125% of Bid rate of 1.4570 = – 0.002787.

Trader Pays, meaning he sells lower; This means the swap rate is subtracted from the BID price.

Placing a Forward Order

You can create forward market orders, entry orders, and stop/limit orders, or even OCO orders, just like with spot instruments.

You can place a forward order by right-clicking on a dealing rate (Dealing Rates, Dealing Rates Table, Instruments windows), or by clicking one of the buttons on the Forward toolbar:

When forward trading is available on a Forex instrument, the dealing rate right-click menu will include Spot and Forward order sub-menus:

Note: Since forwards are only available on Forex instruments, the ‘Spot’ and ‘Forward’ sub-menus only appear for Forex instruments.

Creating a Forward Market Order

The New Forward Position (market order creation) dialog resembles the one for spot orders, with three additions: Value Date, Swap Rate, and the resulting Forward Rate.

Once you select a Value Date, the Swap Rate and Forward Rate are calculated automatically.

FORWARD ORDER

SPOT ORDER

The Swap Rate is displayed with a +/- symbol depending on if it’s added or subtracted from the Spot Rate. If the Swap Rate improves the trader’s rate, it is displayed in green. If the Swap Rate worsens the trader’s rate, it is displayed in red.

To place a Forward order, you must enter a value date in the Value Date field, or select a value date from the calendar by clicking on the arrow next to the date.

Note: The Value Date for forwards is a delivery date at some predefined point in future. If the forward position has not been closed by end of trading on the value date, then the forward will expire and the position will be closed automatically. A trader defines Value Date himself (from 3 business days to 6 months), while creating a forward order. Value Date directly affects the forward rate (see Forward Rate Calculation)

Value Date constraints

The Value Date cannot be on a weekend. Because spot trades have a settlement date of 2 days, the earliest available Value Date for a forward trade is a weekday 3 business days from the current day. (If today is Tuesday, the nearest Value Date is Friday. If today is Wednesday, the nearest Value Date is Monday.)

This video clip shows how to select the value date and create a forward order.

Monitoring Forward Orders and Positions

Forward orders and positions are displayed and managed in dedicated forward windows: Forward Orders, Forward Open Positions, Forward Closed Positions. You can open these windows through the Forwards tab on the main panel:

The Forward Orders, Open and Closed Positions windows are similar to the analogous Spot versions of these windows, only with the addition of Swap Rate and Value Date columns.

Forward Interest % Rates window

The Forward Interest % Rates window is a table of forward interest rates for the currency pairs:

Forwards Workspace

There is a quick and easy way to create a dedicated Forwards workspace. On the Forwards tab, select Open Forwards Workspace.

This will create a new workspace and populate it with the four dedicated forwards windows.

Monitoring Exposure from Forwards

The Summary and Currency Risk Exposure windows can be configured to reflect Forward Positions, Spot Positions, or both. (Or neither, if only “View Options” is activated.)

The options ‘Show Spot’ and ‘Show Forward’ in the right click menu of the Summary window allow you to see the summary information:

• Only for spot positions (‘Show Spot’ option active, ‘Show Forward’ option inactive);

• Only for forward positions (‘Show Forward’ option active, ‘Show Spot’ option inactive);

• For both spot and forward positions (both ‘Show Spot’ and ‘Show Forward’ options active);

The options ‘View Spot’ and ‘View Forward’ in the right click menu of the Currency Risk Exposure window allow you to define, which trades to be considered:

• Only spot positions (‘View Spot’ option active, ‘View Forward’ option inactive);

• Only forward positions (‘View Forward’ option active, ‘View Spot’ option inactive)

• Both spot and forward positions (both ‘View Spot’ and ‘View Forward’ options active)

[/dt_sc_toggle][dt_sc_toggle title=”Binary Options Trading”]Note: Binary Options trading may not be available on your platform.

Binary Options are named so because they could have only two results: a holder either receives nothing or some predefined sum. Technically, buying a Binary Option is like placing a bet on further instrument price movement (hereinafter Binary Option = bet). Binary Option gives its holder the right to receive a fixed sum if the current asset’s price at the expiration date and time is higher/lower than the strike price.

As with other option transactions, buyer pays a bonus (premium) for acquiring an optional right. If he wins, he receives his premium back plus certain percentage of this sum (this percentage is called payout or return). If buyer loses, he receives a consolation payout, which is also a percentage of the premium paid. Thus, trader never loses all of his money – he is always refunded at least a part of his investment. Furthermore, trader doesn’t have to pay any commissions or fees for transactions with Binary Options.

There are two types of Binary Options that can be traded on the platform:

• High/Low – strike rate is always the current instrument rate

• Spread – trader can choose between two possible strikes – several pips above and several pips below the current rate

Important Notes for Binary Options Transactions

Important notes for Binary Option transactions:

• When you buy the Binary option, the Premium value is withdrawn from your account balance.

• No commissions, markups or other charges are applicable for buying a binary option.

• When the binary option position opens, it receives a unique id (Bet#). This number will be used in reports.

• It is not possible to buy a binary option, if there is not enough money on the account balance or usable margin is insufficient.

• There is a limit on the amount any trader can invest in Binary option at any given time. It is measured as the total amount of premium for all open binary options of the trader. This parameter is regulated by the Administrator.

• It is not possible to buy a binary option on an instrument during a non-trading interval

• It is not possible to buy a binary option when trading is closed

• It is not possible to buy a binary option during a feed timeout

• It is not possible to buy a binary option using a non-tradeable price (in case of the invalid external rates)

Expiration procedure:

• When a binary option expires, the user receives his winning payout or consolation payout, depending on whether he wins or loses:

The winning payout is paid:

*For Call(Up) – if the Bid rate at expiration is HIGHER than the strike rate (the Bid rate at the moment of placing the bet)

*For Put(Down) – if the Bid rate at expiration is LOWER than the strike rate (the Bid rate at the moment of placing the bet)

Note: Depending on the system configuration, either Bid, Ask or Middle rate is used in binary options trading.

• If the Bid rate at expiration is EQUAL to the strike rate, then trader can receive either consolation payout or premium paid for placing the bet, depending on the system configuration

• The non-trading intervals have no effect on the option expiration process – the current rate is taken as the expiration rate

• Closed trading doesn’t have any effect on the option expiration process – the current rate is taken as the expiration rate

• Feed timeout doesn’t have any effect on the option expiration process – the last active rate is taken as the expiration rate

• A non-tradable price in case of an invalid external rate has no effect on the option expiration process – the current rate is taken as the expiration rate.

Placing a Binary Bet

You can buy a binary option by clicking the Binary Options Bets button on the Binary Option toolbar:

In order to select the binary option type – High/Low or Spread, click on the corresponding tab at the top of the Binary Options window. Clicking on a tab opens controls for the specific options type trading

Note: Binary Option trading is not available from group accounts, or from a selection of multiple accounts.

High/Low Binary Options window

The Binary Options window is used for selecting and placing a bet in ActTrader. This window combines all instruments and expirations, as well as bet placement controls.

High/Low Binary Options provide only one strike price which is always equal to the current instrument rate.

The BO Bets window is divided into three sections:

–Instruments

–Chart

–Bet placement controls

The title of the BO Bets window contains the Net P/L value for all currently open bets (of all available types), calculated as a difference between sum of all premiums of the active bets, and the current payouts for these bets. The Net P/L is updated every second, taking into consideration whether the bets are currently winning or losing.

Example:

Two bets placed:

Bet#	Instrument	Premium	Condition	Payout	Current rate	Current payout
1	EURUSD	100	Put 1.29500	174.00/15.00	1.29512	15.00
2	USDJPY	100	Call 94.301	172.00/15.00	94.353	172.00

Net P/L = (Current Payout1 + Current Payout2) – (Premium1 + Premium2) = $187 – $200 = -$13

Instruments Section

The top of the window contains tiles which display the information about available binary options. Clicking on tile displays a large chart in the main part of the window and enables trading controls at the bottom.

You can filter out the instruments by clicking the button in the Instruments control and selecting the desired instrument(s) in the dialog box:

The button displays the list of selected instruments, or “All” in case all available instruments are selected.

It is also possible to hide some expirations by unchecking the corresponding checkboxes at the top of the window:

Note: System will hide expiration choice, if it is not available on any of the displayed instruments.

Each instrument cell contains the following elements:

–Instrument name

–Payout value for active options; if the option trading hasn’t started yet, then Payout is not displayed:

–Current rate (bid) displayed using the Large Pips Shift Offset setting for the instrument, with large pips colored in red or green if the last price update decreased or increased the previous price, respectively

–Expiration Date/Time

–Time till expiration. If the option is not open for trading yet, the cell shows: Will open in [time]

–Current P/L – total P/L for all active bets for this option across all accounts. Shown in red if zero or negative, and in green if positive. Current P/L is calculated as a sum of all “current” payouts minus sum of all premiums. “Current” payout for each bet is taken depending on whether the bet is winning or losing. If no options are bought for the option, the P/L is not shown (hence when the option expires, Current P/L for it is reset to 0)

The list of the Binary Options can be scrolled horizontally by clicking the left/right arrow buttons at the edges of the list.

Chart section

The chart section displays the price chart for the selected instrument

•The left top of the chart displays the instrument name, rate used for trading and creating the chart (Bid, Ask or Middle – depends on the system configuration) and period (for candle charts).

•In the upper right corner of the chart you can find the buttons for selecting the chart view: tick, candle, with/without fill.

•Current rate is displayed on chart as a dot and highlighted on the rates scale

•White vertical line indicates the time when the trading opened for this particular bet (Start time).

•Yellow vertical line indicates the time when the bet expires (End time)

•Gray vertical line indicates the time before the expiration when bets can no longer be accepted

•The price chart is displayed for a selected option only when the trading is open. If trading is closed, the empty pane is shown with the following caption in the upper left corner: “This Binary Option will be available at [first contract start date/time]”.

•If there are active bets for a current option on any accounts, they are displayed as horizontal lines on chart: red for the “below” bets, and green for the “above” bets.

•At the point of bet creation there is a triangle pointing down (for “below” bets), or up (for “above”)

•Bet amount (Premium) is displayed at the opposite side of the triangle

•At the lower left corner below the chart you can see Current P/L for all currently active bets for the option across all accounts, which is the difference between all current (potential) payouts and paid premiums. When the option expires, Current P/L for it is reset to 0.

•At the lower right corner below the chart the option expiration date/time is displayed

Right-click menu on chart

Right-click menu allows to customize the chart view

•Tick Chart – chart created by ticks. This option is selected by default

•Candle Chart – chart created by candles. Chart period depends on the selected expiration:

–Intraday: 1min

–Daily: 30min

–Weekly: 4hrs

–Monthly: 1day

•Fill Chart – if this option is enabled, the area below the chart is filled with the chart color. Enabled by default

•Show Bet Amounts – if this option is enabled, the amount of each bet is displayed on the chart. Enabled by default

Below is the chart with Fill Chart and Show Bet Amounts options disabled:

Note: when the option expires, all bet information is erased from the chart, and the chart itself starts over from the left.

Bet placement Controls

Payout

Shows possible trader’s payout (in percent of the premium) if he/she wins. This is non-editable value which depends on the selected instrument and expiration date; recalculated with every tick.

Rate

Current price of the selected instrument (also named strike price). This could be Bid, Ask or Middle rate – depends on the system configuration. The chart header indicates which rate is used for trading (see above).

Rate is updated every tick.

Above and Below buttons

These buttons are used for selecting the type of binary option. Click Above if you expect that at the expiration date and time the bid rate of the instrument will be higher than the current rate. Click Below if you expect that at the expiration date and time the bid rate of the instrument will be lower than the current rate.

Amount

Bet premium in the system base currency. The trader’s payout directly depends on this parameter.

Maximum and minimum bet amount, as well as the increment for changing amount are regulated by the Administrator.

If you manually enter the value not compatible with the amount limitations, the field is highlighted in red. Hovering the mouse over it shows the following hint:

Possible trader’s payout in system base currency is displayed below the Amount field:

– The first value is a Winning Payout received in case the trader wins. This value is recalculated every tick based on the current payout and entered Amount

– The second value is a Consolation Payout received in case the trader loses

Note: Consolation may not be used for an instrument.In this case the second value will not be displayed.

Time left to trade

Time left for placing the bet is displayed in red above the Invest button. If the bet cannot be placed anymore (interval between Stop Trading and End time), the timer is displayed in grey, and shows the time until the actual expiration

Invest

Click the Invest button to place the bet. The button is active only when the following conditions are met:

–Valid Amount is entered

–Above or Below is selected

–Trading is open on instrument and binary option

–Stop Trading interval is not reached

–One individual account is selected

Note: If you have only one trading account, this account is selected automatically; otherwise, select the account that you want to trade from in the Account Information bar.

After clicking the Invest button confirmation message will pop-up with the binary bet details:

Click OK to confirm the bet – the placed bet will appear in the Active Bets window and will be marked on the chart as a red or green line.

You can check the box “Don’t show this message again” if you do not want to receive this confirmation every time when placing a bet.

You can enable/disable the confirmation message with the new checkbox “Buy Binary Option confirmation (Combined View)” in the Settings->Notifications and Messages:

Spread Binary Options window

Spread Binary Options provide two possible strikes for every instrument and expiration: Strike-up and Strike-down (above and below the current rate, respectively). When placing a bet of this BO type trader wins if at the expiration date/time the instrument rate is higher than the “strike-up” or lower than the “strike-down”. The spread between strikes increases the risk, but it also leads to a higher winning payout (up to 100%) compared to the High/Low BO.

The spread (difference between Strike-up and Strike-down) depend on time left till expiration and volatility of the instrument rate:

▪The more time left till expiration, the wider the spread

▪The higher the current volatility, the wider the spread

Normally, if the volatility remains unchanged, the spread narrows down as the time goes by.

The BO Bets window is divided into three sections:

–Instruments

–Chart

–Bet placement controls

Example:

Two bets placed:

Bet#	Instrument	Premium	Condition	Payout	Current rate	Current payout
1	EURUSD	100	Put 1.29500	174.00/15.00	1.29512	15.00
2	USDJPY	100	Call 94.301	172.00/15.00	94.353	172.00

Net P/L = (Current Payout1 + Current Payout2) – (Premium1 + Premium2) = $187 – $200 = -$13

Instruments Section

You can filter out the instruments by clicking the button in the Instruments control and selecting the desired instrument(s) in the dialog box:

The button displays the list of selected instruments, or “All” in case all available instruments are selected.

It is also possible to hide some expirations by unchecking the corresponding checkboxes at the top of the window:

Note: System will hide expiration choice, if it is not available on any of the displayed instruments.

Each instrument cell contains the following elements:

–Instrument name

–Payout value for active options (displayed as either percentage of the premium e.g. 100%, or a multiple of the premium e.g. x2.0). If the option trading hasn’t started yet, then Payout is not displayed:

–Current rate (depending on the System settings, it can be Bid, Ask or Middle). The rate is colored in red or green if the last price update decreased or increased the previous price, respectively

–Strike-up and Strike-down

–Expiration Date/Time

–Time till expiration. If the option is not open for trading yet, the cell shows: Will open in [time]

–Time progress bar – shows the elapsed time as a percentage of the entire option’s lifetime

The list of the Binary Options can be scrolled horizontally by clicking the left/right arrow buttons at the edges of the list.

Chart section

The chart section displays the price chart for the selected instrument