Trade Panel: Order Management

5 March 2024, 15:39
Alfiya Fazylova
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Designed to manage an order, set or configure virtual stop loss and take profit, support functions and perform manual or full closing.

The panel is designed as a set of tabs, each of which contains a specific function.

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Tp Sl tab

Designed to modify take profit and stop loss.

  1. Button to go to the order control panel.
  2. Take profit price and its size in points.
  3. Stop loss price and its size in points.
  4. Order modification button (displayed when you enter a new tp or sl value in the field).
  5. Take profit label. You can set a new take profit value by moving this label.
  6. Button to cancel take profit.
  7. Order label.
  8. Stop loss label. You can set a new stop loss value by moving this label.
  9. Button to cancel the stop loss.

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Vr Tab

Designed to modify virtual take profit and stop loss (invisible to the broker). Read more about virtual tp and sl here.

  1. Enable virtual stop loss and take profit.
  2. Virtual take profit price and its size in points.
  3. The price of the virtual stop loss and its size in points.
  4. Virtual take profit label. You can set a new virtual take profit value by moving this label.
  5. Button for deleting virtual take profit.
  6. Order label.
  7. Virtual stop loss label. You can set a new value for the virtual stop loss by moving this label.

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Tr tab

It is intended for setting the trailing stop order function.

  1. Enable the trailing stop feature.
  2. Setting the trailing stop function. For more information about trailing stop types and their settings, see the Trailing Stop Panel section.
  3. Setting the start level for the trailing stop function.
  4. Load trailing stop function template.
  5. Save the trailing stop function template.
  6. Trailing stop start level label. You can change the start level of the trailing stop function by moving this label.

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Br tab

Designed to set up the function of moving the stop loss to the breakeven level.

  1. Enable/disable the breakeven function.
  2. Enable/disable the breakeven level.
  3. Load the Breakeven template.
  4. Save the Breakeven template.
  5. Create a new breakeven level. For more details, see the Breakeven Panel section.
  6. Delete the breakeven level.
  7. Button to change the calculation method of Distance or Profit.
  8. Breakeven Distance label. You can change the distance level by moving this label.
  9. Breakeven Profit label. You can change the profit level by moving this label.

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Pc tab

It is intended for setting the partial closing function.

  1. Enable/Disable the function of closing part of the profit.
  2. Enable/Disable partial close level.
  3. Enable/Disable the function of closing part of the loss.
  4. Load partial close function template.
  5. Save partial close function template.
  6. Create a new level of closing part of the profit. See Partial Close Panel for details.
  7. Delete the level of closing part of the profit.
  8. Button for collapsing the take profit label.
  9. Label of the level of partial closing of profit. You can change the location of the level by moving this label.
  10. Button for collapsing the label.
  11. Button for collapsing the order label.
  12. Label of the level of partial closing of the loss. You can change the location of the level by moving this label.
  13. Button for collapsing the stop loss label.

Initial and current lot

The volume for partial closing can be set as a percentage of the initial or current lot. These indicators are displayed on the order label.

  1. The current lot of the order.
  2. The initial lot of the order.
For example:
We opened an order with a lot of 10.0 and set three levels of partial closing:
  1. volume 25% of the initial lot;
  2. volume 25% of the current lot;
  3. volume 25% of the initial lot.
When the current price of each level is reached, the lot calculation will be as follows:
  1. the utility closes the volume of 25% of the initial lot, 10.0 * 25% = 2.5 lots. The volume remains 10.0 - 2.5 = 7.5;
  2. the utility closes the volume of 25% of the current lot, 7.5 * 25% = 1.88 lots. The volume remains 7.5 - 1.88 = 5.62;
  3. the utility closes the volume of 25% of the initial lot, 10.0 * 25% = 2.5 lots. The volume remains 5.62 - 2.5 = 3.12.

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Cl tab

Tab for a market order (position): designed to complete or partially close an order.

  1. Full or partial closing of a position according to the volume entered in the field.
  2. Full or partial closing of a position by percentage.
  3. Full or partial closing of a position by volume.

Tab for a pending order: is intended for deleting an order, setting the order expiration time or for setting the price, upon reaching which the pending order will be deleted.

  1. Delete a pending order.
  2. Block for setting the expiration date of a pending order (if the order does not work before the expiration of this date, the pending order will be deleted). To install, click the checkmark, enter the date and click the modify button.
  3. Block for setting the price, upon reaching which the pending order will be deleted. To install, enter the price in the field and click the checkmark.
  4. A button for quickly placing a pending order stop loss in the price field.
  5. Used price:
    • Bid - the utility will delete a pending order if the Bid price reaches the specified level.
    • Ask - the utility will delete a pending order if the Ask price reaches the specified level.
  6. Label of the pending order removal level. You can change the price at which a pending order will be deleted by moving this label.

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