I-TradeFX Market Trader Application
User Manual
Open New position (Market Order)
If you have only one trading account, this account is selected automatically
otherwise choose the one, which you want to trade in Account Information
Window.
The chosen account will be highlighted.
In Dealing Rates Window Left-click on a rate for the instrument or currency pair that you wish to trade under the column that corresponds to the trading action you wish to take, i.e. Bid/Sell or Ask/Buy.
The “New position” dialog box will appear:
Enter amount measured in lots into Amount field. Press OK button to submit the order.
Note: Once you press “OK” your order is sent to the Dealer who can confirm, reject or remove it (due to a change in market price).
After dealer’s confirmation new position will be opened and will appear in the Open Positions window.
Open Entry Stop, Entry Limit Order
Entry Stop/Entry Limit Orders are aimed at opening position when a certain price is reached.
These orders will be executed when market value of an instrument reaches predefined level. In general, Entry Limit orders aim at opening positions in the future, when the market price is “better for trader” than current market price. The Entry Stop orders aim at opening positions in the future, when the market price is “worse for trader” than current market price.
If you have more than one account, choose the one, which you want to trade in Account Information Window. Right click on the Bid/Sell or Ask/Buy rate of the desired instrument in Dealing Rates Window and then choose Entry Stop or Entry Limit command from pop-up menu. The dialog box will appear:
Enter the amount in lots. Enter the rate at which you want a position to open the Price field. Press OK button. New order marked ES (Entry Stop) or EL (Entry Limit) will be created and shown in the Orders window.
This order will be executed at the time when trader’s price will match order price.
Stop, Trailing Stop and Limit Orders
Unlike Entry Stop and Entry Limit orders, conventional Stop and Limit orders aimed at closing existing positions.
Left click on Stop or Limit field of desired open position. Alternatively you can right click on desired open position in Open Position Window and choose Stop or Limit from the pop-up menu. The dialog box will appear:
Enter desired rate and press OK.
The Stop/Limit will be shown at Orders window,
as well as in Open Positions Window
Stop and Limits can also be set for existing Entry Orders. This means that whenever entry order is executed, the resulting open position will have pre-set Stop/Limit order.
Right click on the existing ES/EL order in Orders Window and choose Stop or Limit from the pop-up menu. The dialog box will appear:
Enter desired rate and press OK.
The Stop/Limit will be shown at Orders window:
Right click on desired open position in Open Position Window or on the existing ES/EL order in Orders Window and choose Trailing Stop from the pop-up menu. The dialog box will appear:
To set the Trailing Stop Distance check the “Set Trailing Stop Distance” on the “Stop Order” dialog box and enter the distance value in pips. Press OK. The Trailing Stop Distance Value will appear in the Tr.Stop field of the position record and a Trailing Stop Order will appear in the Orders Window.
Remove non-triggered Orders
Right click on desired order in Orders Window and select Remove from pop-up menu.
Close and Hedge positions
Hedge Position (if hedge is allowed on your system)
Right click on a desired position in Open position window and choose Hedge Position from the pull-down menu. The dialog box will appear:
Enter the desired number of lots into Amount field.
Note: by default user is offered to fully hedge position.
Press OK button to confirm the hedge.
Left click on Close field of desired open position. Position will be closed outright. Alternatively you can right click on a desired position in Open position window and choose Close Position from the pull-down menu. The dialog box will appear:
Enter the desired number of lots into Amount field. You can enter a smaller number of lots if you want to only partially close position.
Note: by default user is offered to fully close position.
Press OK button to confirm the order. The position will be closed. Account information will be updated. Closed position will appear in Closed Positions Window.
The Internet Currency Trading System (ICTS®) application is a combined interface that allows users to monitor market and engage in online trading. The interface is divided into several functional windows; each window displays information and provides access to specific functions relating to viewing, processing, initiating, and responding to activity on the trading system. The application interface utilizes a standard Windows-style top menu, which provides intuitive access to interface-specific functions, including display styles, reports, communication information, etc.
The following windows form the interface:
1. Individual Dealing Rate Window
2. Instruments Window
3. Account Information Window
4. Orders Window
5. Open Positions Window
6. Closed Positions Window
7. Dealing Rates Window
8. Forecast/Comments Window
9. Dealing Rates Table
10. News Window
11. Summary Window
12. Charts
The trader application provides following menus:
• File Menu
• View Menu
• Settings Menu
• Window Menu
• Charts Menu
• Help Menu
Allows user to change the password.
Opens reports.
Closes trader’s application.
Opens the External charting tool
Displays the current system communication status.
You may be asked to send a screenshot of the Communication Information or otherwise transmit the Communication Information during a technical support call.
Opens the system log console, used by technical support staff for troubleshooting.
You may be asked to send a screenshot of the system log or otherwise transmit the system log data during a technical support call. If you press “Copy ” button, content of System console will be saved in Clipboard. You will be able to paste by pressing Ctrl+V.
Allows user to change and save Wintrader local application settings
User can change font used in the application. This setting will affect all windows.
Saves user’s window arrangements on the server side so that they could be retrieved for the following sessions.
Retrieve user’s window arrangements from previous saved session.
Restores trading screen window arrangement to the system’s default setting.
Allows the user to choose which windows appear on the trader application interface. To make a window visible just click on its name in menu.
Other available options are:
Windows will be placed in the system’s default arrangement. This is very useful command after re-sizing main window as it will realign and proportionately resize all windows.
All windows will be visible on the interface.
This feature allows user to use multiple screens to display and arrange application windows.
Workspace1:
Workspace2:
To toggle among several spaces use Workspace tubs at the top of the trading screen.
To add/remove a Window to/from the workspace choose “Window” from the Upper Panel menu and click the window name. A window can be added to only one workspace at a time. To move window from one workspace to another left click at the icon at the upper left corner of the window, click “Move To Workspace”, and choose the Workspace name.
If you right-click on a Workspace’s tab you will be able to change its name, close it, or open new workspace.
To open additional Charting window on your trading workspace, click “New Chart” from menu. Select preferred chart settings from the “New Chart” menu.
Chart will be open in a new window.
See more details about charts.
Opens the Trader’s Manual.
Shows the system name, application and system version numbers.
The Dealing Rates window displays executable rates as provided by the dealing desk. By default an arrangement of Instruments in this window is the same as in the in the Instruments Window. However the User can modify list of instruments in several ways. It will be discussed in more detail in further chapters.
*Right-click on the instrument pop-up menu:
Individual Dealing Rate Window
Opens Individual Dealing Rate window
or 
Allows user to place a Market order.
1. Select an account in the Account Information window. Hold down the Ctrl key to choose multiple accounts.
Note: If no account is selected then the topmost account in Account Information window will be selected automatically.
2. Right-click on the rate (Sell/Bid or Buy/Ask) box and then choose the Market Order command from the pop-up menu. The “New Position” dialog box will appear:
3. Enter amount measured in lots into Amount field.
Note: the default pre-set amount equals to the account DA setting.
4. Enter Trader Range measured in pips.
Note: The Trader Range measures tolerance for price change. When an order is placed, the Dealer may reject it and offer a new price because the market has shifted while the position was being placed. To prevent such rejections for small market shifts, a trader can enter an amount—in pips—into the Trader Range field in the Amount Input dialog box when opening a position. Then, if the Dealer presents a new price that is within the Trader Range, in pips, of the original order price, the order will go through at the Dealer’s new price, automatically.
5. Press OK button to submit the order.
Note: Once you press OK, your order is sent to the Dealer, who can confirm, reject, or remove your order due to a change in market price. While your order is being processed, it is shown in the Orders Window marked with the letter “I” for “Initiate.”
Once open, new position will be shown in the Open Positions window, and you will receive the Audio Alert “Order Entered”. The account information will be updated. (In certain circumstances, as a result of placing an order, opposite direction position could be closed).
Market Order for Managed Accounts
There are three ways to distribute lots among individual accounts when performing transactions with managed accounts.
· Fixed Default Amount (DA): Lots/Amounts will be distributed according to individual DA of each account. DA on Managed account is the sum of individual accounts’ DAs. Managed account can be traded only in amounts, which are multiples of sums of all individual participating accounts' DAs.
· Proportional: Lots/Amounts in the Group order will be distributed in proportion to maximum number of lots that can be open on individual participating accounts.
· Proportional - One Lot Minimum: Lots/Amounts in the Group order will be distributed in proportion to maximum number of lots that can be open on individual participating accounts, but each account with sufficient usable margin will receive at least one lot.
Note: Only accounts with sufficient usable margin will be included in transactions
Allocation mode can be changed by going to Menu à Settings à View and Edit à Main Settings
The following descriptions apply only if Proportional or Proportional - One Lot Minimum allocation modes are used.
There is a modification to New Position (shown), Close, Hedge, and Close with hedge windows when they involve managed accounts/positions.
Amount (shown as a link) can be selected to show detailed distribution of lots among individual accounts.
Clicking in Create Order will finalize the order, while clicking Ok or Cancel will return you to the previous window. Individual amounts (shown as links) can be clicked on for quick adjustments.
If user modifies individual amounts so that they are not equal, while their Max Amounts are, he/she will receive following notification.
Please note that by default when user creates an order he/she is offered maximum amount of lots that managed accounts can hold (with existing usable margin). To prevent accidental order of maximum number of lots user is asked to verify his/her intention to execute order for maximum amount of lots.
Allows user to place Entry Stop and Entry Limit orders.
Entry Stop/Entry Limit Orders are aimed at opening position when a certain price is reached. These orders will be executed if market value of an instrument reaches predefined level. In general, Entry Limit orders aim at opening positions in the future, when the market price is “better for trader” than current market price. The Entry Stop orders aim at opening positions in the future, when the market price is “worse for trader” than current market price.
1. Select an account(s) in the Account Information window. Hold down the Ctrl key to choose multiple accounts.
Note: If no account is selected, the topmost account in Account Information Window will be automatically selected.
2. Right click on the rate Sell/Bid or Buy/Ask of the desired instrument and then choose Entry Stop or Entry Limit command from pop-up menu. The dialog box will appear:
3. Enter the amount in lots.
Note: the default pre-set amount equals to the account DA setting.
4. Enter the rate within the Price field.
Note: the allowed price range shown on the right side of the Price field.
5. Press OK button. New order marked ES or EL will be created and shown in the Trader’s Orders window.
Note: This order will be executed when trader’s price will match order price.
Allows user to change settings and modify window appearance.
This window allows user to hide/unhide different instruments, sort them alphabetically, by default, or in custom order. (To sort instruments in custom order please set sort type to “Custom” and use up and down arrows in window interfaces to change order of individual instruments). User also can show/hide Bid and Ask labels, as well as set column count (for Dealing Rate Window).
Allows user to change window’s font.
Allows user to change window’s background.
Refreshes window content.
The Dealing Rates Table in fact is simplified replica of Dealing Rates Window. It displays executable rates as provided by the dealing desk.
*Right-click on the column header pop-up menu:
Readjust columns’ width to fit data.
User can choose which columns are visible (checked) and which are hidden (unchecked). Also individual columns can be dragged and dropped to organize them in custom order.
Restores default sorting order for columns.
Allows user to change settings and modify window appearance
This window allows user to hide/unhide different instruments, sort them alphabetically, by default, or in custom order. (To sort instruments in custom order please set sort type to “Custom” and use up and down arrows in window interfaces to change order of individual instruments).
Allows user to change window’s font.
Allows user to change window’s background.
Refreshes window content.
Commands that are available through right-click on the record menu are identical to those in Dealing rate Window.
INDIVIDUAL DEALING RATE WINDOW
Individual Dealing Rate Windows can be opened by right clicking on instrument in Dealing Rates Window, Dealing Rates Table or Instruments Window.
Note: Multiple Individual Dealing Rate Windows can remain opened simultaneously.
Clicking on either Buy/Ask or Sell/Bid rate will open new Market Order Window.
Right-clicking will open following menu:
Its functionality is identical to that of the same menu options in Dealer’s Rates Window.
*One Click Trading
As the name implies, it allows opening a new position in just one click.
One click trading can be enabled through application main settings (Application Menu à Settings à View and Edit à Main Settings à One Click Trading).
“One Click Trading” setting adds Amount Field to all Individual Rate Windows. Position opens for the number of lots stated in Amount Field (by default it is DA of the selected account).
In a case when managed account is selected and current managed account order allocation mode is set to “Proportional” or “Proportional-One lot minimum” three additional links will appear in the individual rate window. Those are Get Max Amount (one for Bid/Sell and one for Ask/Buy) and Amounts. (Two separate Max Amount links are caused by the fact that maximum available amounts may be different for Buying and Selling positions).
By clicking on respective “Get Max Amount” link “Amount” field will be updated and show maximum number of lots that can be opened for selected manage account. “Get Max Amount” will turn red to indicate for which direction (Buy/Sell) max amount applies.
Clicking “Amount” link opens Amount detail Window and enables user to review and re-distribute number of lots for each individual account within managed group.
Each amount can be modified.
Please note that changing window’s docking mode to “Undocked” you can place it outside of main application window.
The Orders Window displays information on all Market, Entry, Stop, Limit, and Margin Call Orders. It also allows to change order rates, remove Market and non-triggered Entry Stop, Entry Limit, Stop and Limit orders, and set Stop/Limit condition on already existing Entry Orders.
*Columns that are shown in the Trader’s Orders window:
account number
for trading and testing accounts: last name or login of the account money owner / for managed accounts: traders last name or login
order number
Ticket number for existing open position. If there is no opened position associated with this the order, the “ticket” field will be empty. The ticket number is not the same as order number
order type:
I – (Initiating) Market order aimed at opening of a position (yellow background)
C – Market order aimed at closing of a position (yellow background)
M – Close order initiated by margin call event (red background)
S – Stop order (not triggered – white background, triggered – yellow background, not triggered within imminent distance – orange
background)
L - Limit order (not triggered – white background, triggered – yellow background, not triggered within imminent distance – orange
background)
ES – Entry Stop order (not triggered – white background, triggered – yellow background, not triggered within imminent distance – orange
background)
EL – Entry Limit order (not triggered – white background, triggered – yellow background, not triggered within imminent distance – orange
background)
instrument name
order amount measured in lots
order amount in contract currency measured in thousands (amount, K = number of lots * contract size/1000)
“B” indicates that order is to buy, “S” indicates that order is to sell
order rate
- shown in black, if order is to enter market;
- shown in red, if order is to exit market (blue Ask rate indicates opening rate for this trade)
order rate
- shown in black, if order is to enter market;
- shown in red, if order is to exit market (blue Bid rate indicates opening rate for this trade)
shows pre-set stop order for entry order. This pre-set Stop will become an actual Stop Order after the parental Entry Order will be triggered and executed.
Indicates the Trailing Stop Distance (in pips).
Trailing stop works as follows: if market price moves in a favorable direction for a trader then trailing stop moves with the market price, following it at a trailing stop distance; if market price moves in an unfavorable direction for a trader then trailing stop price remains the same and once market price reaches trailing stop order price, order will be executed.
shows pre-set limits for entry order. This pre-set limit will become an actual Limit after the parental Entry Order will be triggered and executed.
order generation time
Note: You can select which columns will be shown in Orders Window. Right click on the header, choose “columns”, choose “Customize”, and select check boxes next to columns that you want to be present in the Orders window
*Right-click on the column header pop-up menu:
Readjust columns’ width to fit data.
User can choose which columns are visible (checked) and which are hidden (unchecked). Also individual columns can be dragged and dropped to organize them in custom order.
Restores default sorting order for columns.
Show Mode
This window has four display modes
Displays all pending orders, including not-triggered Stop and Limit orders;
Displays all pending orders, excluding not-Imminent and not-Urgent Stop and Limit orders;
Displays all Urgent and Imminent orders;
Displays Urgent orders only;
(Orders are considered Urgent when they are awaiting Dealer interaction. This includes orders to Open a Position (“I”), Close a Position, (“C”), as well as triggered Entry Stop and Entry Limit Orders, and triggered Stops and Limits on existing positions. Conditional orders (Stops, Limits, Entry Stop, Entry Limit) are considered Imminent when the rate at which the order is set to be executed is within the pre-set range (in pips) from the current market rate.