Price Window

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The trades placed through the Price Window are always in Click and Deal execution mode.

 

Sometimes you will only need to track the quotes of a couple of instruments and ignore the rest. Instead of watching all the quotes, you can open a small panel displaying the quote of a single instrument. What is more, when the price reaches the level you are waiting for, you can quickly place an order using the Buy or Sell buttons located at bottom of the panel.

The Price Window can be accessed by right-clicking on any instrument in the grid of the Dealing Rates window and then selecting the Price Window option:

 

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 At the upper-left corner of the Price Window, there are three icons that allow you to open a New order window, open the instrument's chart in the Charts Window and activate/deactivate Voice quotes option. 

If the Voice quotes icon - clip0342 is highlighted in blue (active), the platform will tell you the instrument's Bid price once every minute. This is enabled only when the Price Window is opened outside of Quotes panel.    

 

 In the Sell and Buy buttons, respectively, you can see the Bid and Ask prices at which you can sell (Bid price) or buy (Ask price) the instrument;

 

 If you click on the Sell or Buy buttons, you can place an order directly from that price window for the amount you have specified in the Quantity field;

 

 Between those two buttons, you can see the spread of the instrument, and above it is the Quantity field, where you can enter the amount you wish to trade (you may also increase/decrease it using the up and down arrows);

 

 You can resize the Price Window by clicking its lower-right corner and pulling it inwards or outwards, with the size of the figures increasing with the size of the pane;

 

 The background of the quotes flashes as the price changes. In the default colour scheme, a blue background stands for a rising price, while red stands for a dropping price. The background does not change when there is no price movement. By default, this window stays on top of all other windows, even when other applications are active. This feature can be disabled by clicking on the pin symbol at the upper-right corner of the window;

 

 At the bottom of the window you can find information about your net position size, its average price and your Profit or Loss. Hover with the cursor over them to see a pop-up containing information about the position;

 

 By clicking on the Sentiments indicator, you can open a drop-down window with all four sentiments types arranged into different categories:
 All Traders - Shows the percentage of buyers vs the percentage of sellers among all traders who currently hold a position in this instrument.
 Top Traders - Shows the percentage of buyers vs the percentage of sellers among our top traders i.e. traders who have realized a profit in this instrument.
 All Positions - Shows the percentage of short positions volume vs the the percentage of long positions volume, currently held by all traders.
 Top Trader Positions - Shows the percentage of short positions volume vs the the percentage of long positions volume, currently held by our top traders, i.e. traders who have realised a profit in this instrument

By marking the relevant radio button, you can select which indicator will be visible in the Price window/New Order/Quotes panel

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 All trades executed via the Price window are executed in the Click and Deal mode (Please see the heading below).

The flashing background colours can be enabled or disabled from the clip0138 check-box in the upper-right corner of the platform.

 

When you place the cursor over the spread field, you can see the full Name of the instrument, High (the highest transacted price during the trading day), Low (the lowest transacted price during the trading day), Open (the first transacted price during the trading day), Close (the last transacted price for the previous trading day), Change % (how much the current price differs from the opening price, in percentage), Closes at (if the instrument is quoted at the moment) or Opens at (if the instrument isn't quoted at the moment), Trading hours (or Holidays If the instrument is not traded on certain holidays), Expiry date (the expiry date only for futures) and Upcoming events (view upcoming events from economic indicators).

 

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If you are holding a position in a certain instrument, you will see information about it at the bottom: Lots/Number, Average price and Profit/Loss (current result of the position which you will realise if you close the position). 

When you place the cursor over this information, you can see the full name of the instrument, fee and interest (if any applied), Limit Price Improvement (Total profit from all executed pending orders in this instrument at a better price than requested), Total P/L (profit or loss you have generated from this instrument ever since you started trading it) for the position and change per tick (shows what is your profit/loss for the position per every tick), P/L (the current result of the position, which you will realise if you close it now), Margin (the margin required to keep this position open, in the currency of the account), Value (the value of the position in the currency of the account), PosValueInPercent (the value of this position as a percentage of the total Positions Value, in the Account Equity tooltip); Stop/Limit (the result which you will realise if this Stop/Limit to this open position closes it):

 

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You can open the Price window in charts by choosing the last icon from Chart module toolbar. This way you activate Trading mode in the Charts and trade through them.

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Placing Click and Deal Orders

 

The default execution mode in Delta Trading 6 is Click and deal.

The trades placed through the Price Window are always in the Click and Deal execution mode.

 

What is a "Click and Deal" execution mode?

 

Click and Deal is a mode in which orders are executed at the currently available market price, rather than the price at the time you placed the order. During high market volatility, quotes change rapidly, and the quotes at the moment the order was executed might differ from the price you saw when you placed the order. The order will be executed at the new price, and you will not have the option to accept or reject the new price, as the platform is in the Normal execution mode.

 

NOTE: Always remember that when the Click and Deal mode is ON, each click will force a deal, and the price of the deal might differ from the price at the moment you placed the order!

 

Placing a new "Click and Deal" order

 

1.You need to set the lot size of your order: enter the quantity in the Lots text-box, or click on the up/down arrows next to it. 
2.Place your order by clicking on the Sell or Buy buttons. 

The Trade Confirmation window will appear every time, regardless of the trading mode you are in, unless you check the clip0155 option in the upper-right part of the platform or the "Don't show this message again" check-box from the Trade Confirmation window.

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The Context Menu

If you right-click anywhere on the Bid or the Ask panel, a context menu will appear. It gives you access to several functions of the platform.

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You can place a new order;
Opens the Conditional Orders window always with New conditional order window if still have no Conditional for this instrument. If there isn't, will show the last Conditional orders scheme ("Conditional orders tree") for this instrument;
Open the Chart Window of the instrument;
Checks the Price activity of this instrument;
If you have an open position in this instrument, you can check the Position history window or Last Orders window which contains the last 1000 orders in this instrument;
Shows information about the selected instrument, such as trading hours, margin requirements, swap points, etc., if available;
You will see the Close Position option only if you have open positions in that instrument. In the window that will appear by choosing this option, you can see your position’s details before closing it via the Close Position button. Please note that you have the option to close you positions only partially by using the up/down arrows in the Amount field.