Opening an order is simple and can be done from either the Rates section or the Favorites section of the IPhone Trader. A new order can be placed by selecting a trading instrument, of your choice, from the main screens of both the Favorites and Rates sections. Clicking on your desired trade will bring you to a screen like below (Notice at the top there are 2 tabs, Instant/Market and Pending).
For instant orders you can select and change the volume (vol ), set a stop loss (S/L) or take profit (T/P), then you must choose whether to ‘Buy’ or ‘Sell’ by clicking the corresponding button. For Market orders, you can select and change the volume (vol) then you must choose whether to ‘Buy’ or ‘Sell’ by clicking the corresponding button.
To create a Pending order you must select the ‘Pending’ button and the criteria for creating a pending order will appear. Again, you have the volume (vol), stop loss (S/L), and take profit (T/P). With the pending order, you set the price at which you wish the order to be activated.
Enter the rate into the ‘At price’ area then click on the ‘Place order’.
Clicking on an Open position will give you full details of that order. From here, you can close trade / Update. If you change or set a Stop Loss (S/L) or Take Profit (T/P) on an open order you must simply click on the ’Update’ button to confirm the changes. A confirmation screen should appear shortly after confirming the order.
The partial close option allows you to close part of your trade, leaving the remaining Volume open. In order to partially close your trade, the Volume must be changed within the Volume box. Once making your desired changes you must then click “Close” button. When successfully updated you should receive a confirmation screen.
If you select a pending order from the positions area, you have the option to Update / Delete the pending order. You can change or adjust the open price, the Stop Loss (S/L) and the Take Profit (T/P), remembering that after making such changes to click on ‘Update’. Again a confirmation should appear shortly after. When choosing to delete a pending order you should also receive a confirmation. After modifying a pending order and selecting Update, your request will be confirmed – see ‘Order Confirmation’
When placing or changing details of your trade, the following screens will be presented:
Double tapping into the chart areas will bring you up a larger view of that trades chart. On either chart view, you have the ability to zoom in and out – this involves the opening and closing of 2 fingers, you can switch to different time periods by using the tabs on top of either chart and you can scroll back on the chart. In addition, if you have the full view open for any chart on a trade, you can turn your iPhone horizontally and the chart will open to a wider view.
Within the charts area, you have access to technical analysis. All analysis options can be found along the top of your chart, in both vertical and horizontal views.
The customization menu allows you to fully customise your charts and technical analysis. You have the ability to change all chart colours, or alternatively select one of the 5 default colour views provided for you. From within this menu you are able to turn on/off your bid and ask lines, your order levels and also the loupe feature.
Your indicators list can be found by selecting the ‘Add/ Remove indicators’ button located above your chart. You are able to add indicators to the chart by selecting the ‘+’ sign, or remove indicators using the ‘edit’ option.
Once deciding to create a Buy or Sell order or even when creating a pending, a screen (as shown below) will appear attempting to send your order through. You have 2 options. The ‘Back’ button will only close that window, to cancel the order you must click on the ‘Cancel’ button before your order is processed and it will indicate if your attempt was successful.
If your order was successfully executed you will be shown a message like so.
There is also another possible outcome for instant request – ‘Re-quote’. In this case, you will receive another message as shown in the picture below. With the ‘Re-quote’, you can resend your request at the new price or cancel it.