ActTrader User Guide

Open Positions Window

The "Open Positions" window displays all open positions and allows placing Stop, Limit orders and Trailing Stops, as well as closing positions at the market price. Any executed orders that are entered from the "Open Positions" window will serve to close out part or all of that position.  The following functionality is available on the "Open Positions" window:

Stop order

This is a conventional "Stop" or "Stop loss" order.  From the "Open Positions" window, right click within the position row and choose "Stop" from the pop-up menu. The Stop dialog box will appear: enter desired Stop rate in the top field and click "Submit" (other parameters in this dialogue box are for a "Trailing Stop" and can be ignored). The Stop order has now been placed and the Stop price will appear in the "Stop" column in the "Open Positions" window.

Click on the display below for detailed visual instructions with voice:

Trailing Stop order

A Trailing Stop will remain at a specified distance as the market moves in your position's favour (following or "trailing" the market), but will remain fixed if the market moves against the position, acting like a one-way ratchet.  To place a Trailing Stop, go to the "Open Positions" window, right click within the position row and choose "Trailing Stop" from the pop-up menu. The Stop dialog box will appear with the "Set Trailing Stop Distance" checked: enter the distance in pips/ticks in the bottom field and click "Submit". The Trailing Stop order has now been placed and the specified "Distance" will appear in the "Tr.Stop" column ("TrailD" on the Java-based software) in the "Open Positions" window, and the resulting stop price will appear in the "Stop" column.

Click on the display below for detailed visual instructions with voice:

Limit order

From the "Open Positions" window, right click within the position row and choose "Limit" from the pop-up menu. The Limit dialog box will appear: enter desired Limit rate and click "Submit". The Limit rate will appear in the "Limit" column in the "Open Positions" window.

Click on the display below for detailed visual instructions with voice:

Close position

From the "Open Positions" window, right click within the position row and select "Close position" from the pop-up menu. The Close position confirmation box will appear: the "Amount (Lots)" field will default to the entire position size.  If you wish to close out only part of the position, change this field to the amount of lots you wish to close.  Click "OK".  The position will now be closed at the current market price.

Click on the display below for detailed visual instructions with voice:

Change price on Stops and Limits

Click on the rate (Stop or Limit) field within the position record or right click anywhere within the position record and then choose "Change Stop" or "Change Limit" command from pop-up menu. The Stop or Limit dialog box will appear. Enter desired Stop or Limit price and press "OK".

Remove Stops and Limits

Right click anywhere within the position record and then choose "Remove Stop" or "Remove  Limit" command from pop-up menu. The Stop or Limit will be removed.