And Training Manual Version 1.1 P a g e 1 22
Contents 1 Workspaces 3 2 Watchlist.. 5 3 Graphs.. 8 4 Order Entry 11 5 Linking Panels Together 16 6 Blotter (Positions, Trades, Orders, Order Book).. 17 7 Modifying a position and closing a trade.. 19 P a g e 2 22
1. Workspaces Using Workspaces A Workspace is a particular configuration of panels, toolbars, charts and/or table layouts that makes up your trading environment. ProTrader desktop provides predefined default Workspaces and lets you create any number of custom Workspaces either by modifying the default or by starting a new Workspace from scratch. Custom Workspaces can be saved as.wrk files and reopened whenever required. Default Workspace After first launching, ProTrader automatically loads a default workspace. Default workspaces are located in ProTrader installation directory\default Workspaces\ Click Environment > Workspaces to see all available default workspaces on your computer. After making any changes to a Workspace, it becomes a custom Workspace. Saving a Workspace Any customizations you make to a Workspace can be saved in as a (.wrk) file and loaded later. To save the current Workspace: Select Environment > Save As. This brings up the Save Workspace to File dialog box. Browse to the folder where you want to place the Workspace file. Enter a name for the Workspace file. Click Save. To save any subsequent changes to this Workspace; select Environment > Save Workspace or press Ctrl+S. Reloading standard workspace. If you have deleted or removed panels from your workspace and you would like to reload the standard workspace you need to follow these steps: Click on the Environment Tab A dropdown menu will appear, click on workspaces. Another dropdown menu will appear, just click on the Profession light or dark tab and the new workspace will open. P a g e 3 22
Workspace Exercise: 1 Delete your current workspace: 2: Reload a new workspace (Always remember to use Professional Dark/Light).. 3: Save your new Workspace:. NOTES: P a g e 4 22
2 Watchlist The Watchlist panel displays real-time market data for each instrument available from your broker. To open a new Watchlist panel, select Terminal > Watchlist. On the standard layout the watchlist is found on the Top left corner of your Screen as indicated in the picture below. How to add a share to the watchlist: There a different ways to add an instrument/share to you watchlist: The easiest way is just by clicking on the watchlist, making it the active panel. You will know it is the active panel if there is a blue outline around the watchlist. Now you can just type the short code of the share, eg VOD (VODACOM) You will now get an option to select VOD CFD or VOD.J VOD CFD is the Vodacom CFD and VOD.J is the Vodacom Equity. Always make sure you select the CFD and just press Enter. Please see the pictures below. The Vodacom CFD is now added to your watchlist. You can repeat this process and load more Shares/instruments to your watchlist. P a g e 5 22
Another way of adding shares/instruments to the watchlist is to click on the + sign in the top left corner of the watchlist as shown in the red circle below. The screen below will then appear. Click on the JSE tab, then JSE CFDs Tab. This will show you the list of all available CFDs. You can just select the CFDs you want on your watchlist and press add. How to remove Shares from your watchlist: You can remove a share from your watchlist by just clicking on the share and pressing the delete button on your keyboard. Or You can click on the share, it will then become highlighted and then you can right click. A drop down menu will appear and you can just click on the remove selected symbol tab. As shown in the picture below. P a g e 6 22
Watchlist Exercise: 1) Make the watchlist your active panel 2) ADD 4 Shares(CFD s) of your choice to the watchlist: You can get them from the margin rates list. Write down the short codes here: 1 2 3..4 3) Remove these 4 shares from your watchlist 4) ADD these shares(cfd s) to the watchlist again. NOTES: P a g e 7 22
3 Graphs The Chart is the most useful panel for an active trader. Using a Chart you can view Quotes History, analyse market patterns and make important decisions. This section describes Desktop Charts and all functions you can use with them. Have a look at the diagram below that explains all the different functions on the charts, we will now look at the most important features in a bit more detail. Instrument Selection: click it to change the current chart instrument, all you have to do is type the share short code and press enter. Eg Type VOD and select VOD CFD to see the Vodacom Chart. Timeframe: This is used to select the required time scale. You can choose From a 1 minute to a 1 day chart. Time Period The period to show in History mode. With this function you can choose how much history you want to see? For example if you juat want to see the last week of data for a short term view of if you want to see the last 5 years of data to see a much longer term view of the specific share. P a g e 8 22
Drawing Toolbar: A toolbar with drawing tools that allows to draw almost anything on your graphs. Time Zooming : To zoom in and out of the Chart panel you can use scroll button on your mouse or drag the chart border in the TimeLine panel using classic scroll, you can also click on the plus and minus button as indicated by the red circle in the picture below. Indicators: A collection of indicators is provided to assist you in technical analysis. To construct an indicator, right-click anywhere on the chart and select Add Indicator. Choose Indicator from the list of available and in the [Indicator Name] Settings dialog box, go to the Appearance tab to specify the indicator parameters. Click OK. Alternatively, you can add Indicators from toolbox in the top right corner of chart as shown below in the red circle. Full Screen chart: To make your chart full screen all you need to do is press the full screen button as indicated in the red circle below. And Press the Exit full Screen button to go back to the normal platform layout. P a g e 9 22
Charts Exercise: 1) Change the instrument on your graph to between a few CFDs on your watchlist 2) Change the graph Timeframe: (1min; 5min; 15min, 1 hour,1day) 3)Change the graph Time period:(3 days, 1 month,6 months, 1 year). 4) Change the chart type: Candlestick, Line graph, Bar Chart) 5) Open the drawing toolbar, and draw anything of choice on the chart, and the remove the drawing again 6) Time Zooming, Zoom in and out of your chart 7) Add/remove any indicator 8) Make your chart Full screen and exit again NOTES:.. P a g e 10 22
4. Order Entry The Order Entry panel is where you place market orders or Limit orders. To open the Order Entry panel select Terminal > Order Entry. Or you can use the order entry that is loaded on the standard Professional layout on the right hand side of the screen. To open this order entry, click on the drop down menu button as indicated in the red circle on the picture below and select order entry. You will then see the order entry panel as indicated in the second picture. Order Entry Explanation: Account This will show your account username. Symbol This is where you select the instrument you want to trade. All you need to do is type the short code of the share. EG VOD and select VOD CFD if you want to trade the Vodacom CFD Side- In this tab you will decide if you want to buy or sell the shares. Buy means going long, or in simple terms you predict that there will be a rise in the price of the share and you want to profit from P a g e 11 22
the rise in the share price. Sell means going short, or in simple terms you predict that the price of the share is going to fall and you want to profit from the fall in the price of the share. Quantity- Here you will type in the quantity of CFDs you want to trade. Order Type You can choose between a market or limit order explained below A Market order is an order that is placed for a specific number of shares. A market order will always guarantee execution, at the current market price. A Limit order is placed to buy or sell a specific number shares at a specified price. The price of the share will have to reach your limit price before the order fills. Thus you decide at what price you want the enter the trade. Limit Price: This is the price you set to buy the CFDs at. For a long Trade the limit price must always be below the current market price. And for a short trade the limit price must always be above the current market price. TIF Time-in-force - options allow traders to be more specific about the time parameters in which an order is activated. This is especially important for active traders. It can be Day or GTC A Day order, as the name implies, is valid for the current trading day. Good till cancelled orders, on the other hand, will remain alive until they are cancelled or filled. Stop Loss (SL) The stop loss price is the price you will enter where the system will automatically close the trade should if it goes against you. Take Profit (TP) This is the level where the system will automatically close the trade at the Profit level you have determined. For Example. If you want to place a DAY limit order to Buy 100 Vodacom CFDs at R150 with a Stop loss of R145 and Take Profit of R170. The order entry should look like the picture below. P a g e 12 22
Order entry Exercise: LONG TRADE Explained: Take Profit R106 (REWARD) Entry Price R100 Stop Loss: R98 (RISK) Take Profit will always be higher than entry price. Stop Loss will always be lower than Entry Price SHORT TRADE Explained: Stop Loss: R102.00 (RISK) Entry Price R100.00 Take Profit R96.00 (REWARD) Stop Loss will always be higher than Entry Price Take Profit will always be Lower than entry price. P a g e 13 22
Practical trade 1(LONG) Select a CFD from the Margin List: Share Selected:. Current Share Price: Market or Limit:.. Entry Price:. Take Profit:... Stop Loss:... Amount of CFDs to trade: Exposure ( Amount of shares x Share Price) Now do this trade on your demo trading platform! Practical trade 2(LONG) Select a CFD from the Margin List: Share Selected:. Current Share Price: Market or Limit:.. Entry Price:. Take Profit:... Stop Loss:... Amount of CFDs to trade: Exposure ( Amount of shares x Share Price) Now do this trade on your demo trading platform! P a g e 14 22
Practical trade 3(SHORT) Select a CFD from the Margin List: Share Selected:. Current Share Price: Market or Limit:.. Entry Price:. Take Profit:... Stop Loss:... Amount of CFDs to trade: Exposure ( Amount of shares x Share Price) Now do this trade on your demo trading platform! Practical trade 4(SHORT) Select a CFD from the Margin List: Share Selected:. Current Share Price: Market or Limit:.. Entry Price:. Take Profit:... Stop Loss:... Amount of CFDs to trade: Exposure ( Amount of shares x Share Price) Now do this trade on your demo trading platform NOTES: P a g e 15 22
5 Linking Panes Together Some panels can be linked together. When panels are linked, selecting an instrument in one of the panels causes other panels in the group to display information relevant to that instrument. For example, when you have an Order Entry panel linked to a Watchlist panel, the instrument selected in the Order Entry panel will be changed to the instrument selected in the Watchlist. Each link is identified by a colour: grey, red, yellow, green, black, blue, or brown, which means you can have up to 6 different links in a Workspace. Setting Up Links To link two or more panels together: Click the down arrow alongside the Link button in one of the panels you want to link together. From the drop-down menu, select one of the colours. The button changes to display the colour. Repeat the same procedure for other panels to be linked, selecting the same colour. You can also link all panels in the Workspace by selecting Link to All. To unlink a panel from a group, click on the Link button and select Unlink. As you can see in the picture below, the link for the watchlist, Graph and Order entry is red. Thus by clicking on a share in your watchlist, the graph and order entry will automatically change to that symbol. Linking Panels exercise: 1) Unlink All panels, and then link: watchlist, Graph and order Entry: P a g e 16 22
6 Blotter (Positions, Trades, Orders, Order Book) The Blotter panel can have various tabs that list data regarding your positions, orders, trades, or order book as shown in the red circle in the picture below. Positions The Positions panel lists all the positions you currently have open. Every new position opened will appear in this panel immediately. To open a new Positions panel, select Terminal > Positions. Trades (Filled orders) The Positions panel lists all the positions you currently have open. Every new position opened will appear in this panel immediately. To open the Trades panel select Terminal > Trades. Orders The Orders panel lists your pending orders. To open a new Orders panel, select Terminal > Orders. The Orders panel can either display only your open orders (i.e. orders you have placed to open new positions) or both open and closed (i.e. both stop loss and take profit) orders. To display closed orders, right-click and select Show Close Orders (SL/TP) at the top of the shortcut menu. P a g e 17 22
Order Book The Order Book panel lists system actions related to your orders, both which are open and close orders (SL/TP): creation, modification, removal, and execution. To open new Order Book panel, select Trading Terminal > Order Book. The following information is available: Instrument - the name of the instrument traded/ordered Action - the operation with which the position/order was opened (BUY or SELL). Quantity - the value of the position/order, either in lots or in units, depending on what is selected in the Settings dialog box. Basis - the price at which the position/order was opened. Current price - the market price obtainable from your broker. SL - the Stop Loss price set for the position/order, if any. TP - the Take Profit price set for the position/order, if any. Unrealized Profit/Loss - the profit/loss in your account currency, calculated based on the current broker's price (note: it shows the profit/loss you would make if you close the position at the current price). Commissions - the amount of commissions. You can customise what you want to in term of the available information by right clicking next to any of the information heading as indicated below by the red circle. P a g e 18 22
7 Modifying a position and closing a trade If you want to modify a stop loss or take profit level on an active trade, there are two ways in which you can do this. 1- Quick Modify: When looking at the chart you will see your open positions and your stop loss and take profit levels on the chart. You can modify your take profit and stop loss levels by just clicking and dragging the take profit or stop loss to the desired level as shown in the red circle in the picture below. You will then see a block that will confirm your order modify request, just press yes and your order will be modified Another way to modify a position is to click on the positions tab, right click on the position you want to modify, and then click on the modify positon tab as shown in the picture below. P a g e 19 22
You will then see the following menu where you can modify your stop loss and take profit levels. Closing a trade: If you have an open trade that you want to close manually. You have to do the following: Click on the positions tab. Click on the open trade you want to close so that the position become highlighted. Right click on the trade to open the drop down menu and click on the close position tab. Then click on the close position tab to the right to close the position as shown in the red circle below P a g e 20 22
Modifying position and closing a trade exercise: 1) Modify the stop loss and take profit on 2 of the trades done above 2) Manually close 2 of the trades done above NOTES:. Committed to your trading success!!! Aluma Capital (Pty) Ltd FSP 46449 info@alumacapital.co.za www.alumacapital.co.za Xchnge Investment Training info@xchngeinvestmenttraining.com www.xchngeinvestmenttraining.com 011 781 1111 Disclaimer P a g e 21 22
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