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16. Order Management
The order management window is a summary view of all open orders. Orders within 10 pips of being executed are highlighted, allowing traders to easily track order status.
Ref: Each order is assigned a reference number. Both sides of a 'One Cancels Other' (OCO) order will have the same number.
Buy/Sell: Order type based on the first currency in the pair.
Ccy Pair: The currency pair of the trade.
Deal Amount: The first currency value of your order.
Basis: Order type, i.e. Stop Loss (or Stop Entry), or Limit.
Order Rate: The trigger rate at which you want the trade executed.
Live Price: The current rate at which the trade could be executed.
Points Dif: The difference between the order rate and the live price.
Conf: The order confirmation number generated by the system upon placement of your order.
Expiry: The point at which the order becomes invalid, even if the market reaches your rate.
Currencies: Sort open orders by currency pair or show all orders.
Orders in listing: The number of orders posted in the category you have selected in the currency field.
New: Clicking "New" will take you to the order form to leave a new order.
Modify: Clicking "Modify" will allow you to change the rate and/or lot size of the order without having to cancel the order.
Cancel Order: In the order status window, highlight the order you wish to cancel by clicking on it with your mouse, and then click 'Cancel'.
Color Indicators
Yellow (Whole Row): Indicates the second leg of an OCO
Yellow (Live Price and Points Diff column): Indicates within 'n' number of points (default is 1)
Green (Live Price and Points Diff column): Indicates when an order rate has been passed through
Blue: Indicates that an order is filled
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Saletlx User Guide |
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| POS. |
NAME |
DESCRIPTION |
1 |
DEALING BOXES |
One per currency pair; view real
time bid/ask rates; click on the BUY or SELL to instantaneously
execute a trade. |
2 |
RATE COMPARISON |
Quick snapshot of current bid/ask, today's high/low,
etc. - by currency pair. |
3 |
POSITION MANAGEMENT |
Summary view of all open positions.
Place, monitor, and cancel orders. |
4 |
CHARTING |
Access the charting tool by clicking "Charting" tab. |
5 |
ECONOMIC CALENDAR |
Weekly listing of upcoming
economic reports, including date & time, country, forecast, previous
and actual. |
6 |
SYSTEM LOGIN / LOGOFF |
Access user configurable settings and logoff. |
7 |
MARGIN ANALYSIS |
Information about margin, P&L and
account balances. |
8 |
NEWS |
24-hour streaming news service from Thompson IFR
provides actionable market news and analysis. |
9 |
COMMENTARY |
Expert market analysis provided by
our senior traders. |
10 |
REPORTS |
Access to several ad hoc reports for data export or
printing. |
11 |
TOOLS |
FX trading tools. |
12 |
ACTIVITY LOG |
Lists each action completed or attempted in your
account. |
13 |
DEAL BLOTTER |
Provides pertinent details on all
open trades, as well as trades that have been closed out during the
current trading day. |
|
EXECUTING A TRADE |
Auto Limit/Stop Orders
Squaring Your Position
Point and Shoot
Position Orders |
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LEAVING AN ORDER |
Sophisticated order entry |
|
ORDER MANAGEMENT |
Edit / Cancel an order |
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MINIMIZE BUTTON |
State of the Art Technology |
|
SYSTEM REQUIREMENTS |
Secure and robust Java-enabled dealing software |
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