SmartOrder Manual (Novembre 2010) ActivTrades PLC 1
Table of Contents 1. General Information... 3 2. Installation... 3 3. Starting the application... 3 4. Usage and functionality... 4 4.1. Selecting symbol... 4 4.2. Ask and Bid buttons... 4 4.3. Close All button... 5 4.4. Delete All Pending orders... 5 4.5. Close All Positions for "Symbol" button... 5 4.6. Stop and reverse button.... 6 4.7. Conditions Tab... 6 4.7.1. Close on Equity group... 6 4.7.2. Close by time group... 6 4.7.3. Delete All pending orders by time... 7 4.7.4. One Cancel the Other (OCO)... 8 4.7.5. Trade on time... 8 4.8. Partial Close Tab... 9 5. Settings... 10 6. Update... 10 7. FAQ... 10 2
1. General Information SmartOrder has been developed to extend the functions of your MetaTrader platform, by increasing your trading speed and improving the way you manage your positions. It adds the ability to trade with one click through the use of ask and bid button. Other functions include: Close all open trades Delete all pending orders Close positions for the selected symbol Stop and reverse all positions for the selected symbol through one click 2. Installation 1. Close your ActivTrades MetaTrader platform and run Setup.exe 2. Choose your ActivTrades MetaTrader folder as located to install 3. Follow the on-screen instructions to complete this installation 3. Starting the application 1. Start your ActivTrades Metatrader4 platform 2. Open the Navigator Window and attach the SmartOrder expert advisor to a chart and: 3. Click "Allow live trading", unclick "Ask manual confirmation", 4. Click "Allow DLL imports", unclick "Confirm DLL function calls", 5. Click "Allow import of external experts" Note: Make sure the EA is only attached to 1 chart. 3
Start the SmartOrder from with the shortcut on your desktop. 4. Usage and functionality 4.1. Selecting symbol Use the drop-down menu to select a trading symbol and press Start. You will be able to trade that symbol by pressing the Ask and Bid button. You will be able to close all positions or stop and reverse all positions for that symbol. 4.2. Ask and Bid buttons Use the Ask and Bid button to send a market order to the broker. The size is set in the Lots field. You can also set your Stop Loss and Take Profit in Points. 1 point equals 0.0001 for 4 digit symbols (eg EURUSD), and 0.01 for 2 digits symbol (e.g. USDJPY). 4
If the Stop Loss and Take Profit are not at 0, you must select levels higher than the Stop Level defined for the current symbol. If not they will be highlighted in red and you will be unable to trade. When you have selected the correct values for Take Profit and Stop Loss, Buy and Sell button this will be active. Stop Loss and Take Profit levels are calculated for the bid price as buy, and for the ask price as sell. So the minimum values for the Stop Loss will be bigger than the minimum values for the Take Profit (with one spread). 4.3. Close All button By clicking Close All all your open positions for all symbols will be closed. 4.4. Delete All Pending orders By clicking Delete All Pending Orders all your pending orders will be deleted Buy Stop, Sell Stop, Buy Limit, Sell Limit. 4.5. Close All Positions for "Symbol" button By clicking Close all positions for Symbol you will close all positions that have been selected. 5
4.6. Stop and reverse button. By clicking Stop and Reverse this will stop and reverse all your positions for the selected symbol. For example, if you have 3 sell positions at 0.01 and one buy position at 0.01, the result will be one buy position at 0.02. 4.7. Conditions Tab Here you can set a number of trading conditions. 4.7.1. Close on Equity group In this section you can set a Stop Loss and Take Profit based on your Equity. Select your target and stop equity and click the "Activate" box. You can also use the Copy Level function for a faster setup. Once activated, this will monitor your equity. If this reaches your target equity or stop equity, it will close all positions and automatically deactivate. If you only want to use Stop Equity, you can set the Target Equity to a very high value If you only want to use Target Equity, you can leave the Stop Equity at 0 All levels are in the same currency as your Account. 4.7.2. Close by time group 6
In this section, you can set a Date and Time rule of when you want to close all open trades. Enter a date into the Close All Time field, when you wish all your positions to be closed (current server time is shown on the left). Click the "Activate" box to activate this rule. When activated, open trades on all symbols will be closed on the first tick after the date and time you have chosen. This rule will then automatically deactivate itself. 4.7.3. Delete All pending orders by time group This section you can delete all pending orders at a specific time. Set the Delete All by Time as wished and then please click the "activate" box. Once activated, it will delete all pending orders when the server reaches the time and date you have set. This will happen on the first tick after the chosen time. After this rule will then be deactivated. 7
4.7.4. One Cancel the Other (OCO) This section you can place two orders and when one of them is opened, the other will be cancelled. You can choose buy or sell, higher or lower and different symbols. After all is set click the "Activate" box. Once activated it will monitor the symbol prices and will send an order when there is a price that fills the conditions. This will happen on the first tick that fills the conditions. 4.7.5. Trade on time In this section you can send market orders (buy or sell) at specific times. Set the Trade Time and then select a symbol from the symbol drop-down box. You must then select a Trade Operation (buy/sell), set lots and choose your stop and target in points (optional - if you do not want to use them, leave them as zero). After all is set click the "activate" box. Once activated it will monitor the server time and will send an order when it reaches the Trade Time that you have set. This will happen on the first tick after the chose time 8
4.8. Partial Close Tab Here you can set partial take profit for one of your positions, by using up to 4 custom Take Profit levels. First, you need to select a position, and then setup each of the profit levels. If the position is long you must set a higher value from the current market price. If the position is short you must set the profit levels with a value lower than the current market price. If you don t want to use the profit levels, leave the lots at 0. The sum of all lots for the partial Take Profits must me equal or lower to the lots in the position. When everything is set you must click the Activate box. When all Take Profits have been completed, it will automatically deactivate. 9
5. Settings Here you can organize various settings for a SmarOrder. Options that have been ticked have been activated. In the Max Deviation field you can select your slippage in points. 6. Update When you run the application, you will be prompted to download any available updates for the SmartOrder. If an update is available, press Yes and then Begin Update. After the update has been completed, press "Finish" to start your updated application 7. FAQ Q: To which symbol must I attach the "SmartOrder" expert advisor? A: Attach it to a forex symbol of your choice. The Symbol selection in MetaTrader doesn't affect the functions of the SmartOrder application Q: If I want to trade more than one symbol, do I need to attach the expert advisor to all charts? 10
A: No, you can only have one "SmartOrder" attached in your MetaTrader at a time. You can select your symbols from within the SmartOrder application. 11