FXTrade User Interface Manual
Contents
1. 8 Market the current exchange rate for this currency pair 9 Expiry specifies the amount of time an order should stand until it is automatically cancelled The following durations are allowed m one week Default m one hour m one day m one month Mouse actions e Clicking on the scroll buttons will cause the table to scroll up or down e Positioning the cursor over a particular row will highlight that row for ease of reference e Clicking on a column header will sort the table so that the contents of the column are displayed in increasing or decreasing order e Clicking on a row with an order will cause a pop up window to appear offering two operations Cancel order 2 Modify order This is used to modify the exchange rate threshold at which the trade is to be executed the duration the order is to remain open or the S L or T P limits Positions Table The Position Table displays a list of your open positions It is similar to the Open Trades table except that all trades of the same currency pair are aggregated into one line C CURR f UNITS AWS PRICE MARKET PROFIT B EURUSD 500 0 9075 0 9043 0 0032 The Position Table has 5 columns described from left to right Nn BW Bought Sold Indicates whether the position is short or long Currency pair the pair of currencies the position refers to The first currency of the pair is referred to as the base currency while the second one is referred to as t2. EXPOSURE Orders Positions Activity Log EE CURRENCY E UNITS Long EUR S500 Short 453 75 The Exposures Table has 3 columns described from left to right 1 Short Long Indicates whether the position is short or long Nil indicates that the net effect of positions has created a zero or nil effect on a specific currency exposure For instance if you are short 10 000 EUR JPY and long 10 000 EUR USD your EUR exposure will be nil Currency the particular currency the position refers to Units the number of units held in this exposure ues Log Table The Activity Log Table shows a list of the most recent transaction on the account For access to a full list of past transactions select Transaction History in the Account pull down menu Activity Los Trades Ordes Positions Exposure Activity Log TICKET TYPE CURR UNITS PRICE BALANCE DATETIME Modify Trade EURUSD Mar 18 2001 Interest EURUSD iar 18 2001 Interest USD Mar 19 2001 Interest EUROS O Mar 18 2004 Interest USD Mar 18 2001 The Activity Log Table has 6 columns described from left to right Ticket Number uniquely identifies the transaction Type identifies the type of transaction Currency pair the pair of currencies associated with the transaction Units the number of units traded in the transaction expressed in the base currency Price the currency exchange rate applied when buying or selling a currency pair B
3. currency pair crosses the pre set rate For a buy a trade will occur if the exchange LAAIE a E rate goes above this value while a sell will occur if the exchange rate goes I Lower Bound 0 8992 a below v Upper Bound 0 2988 a Duration this option is used to limit the amount of time an outstanding order will B curse hd remain effective By default the order v Take Profit a has a 1 week duration the clock starts from the time you submit the order However the duration can be changed to Ea 1 hour 1 day or 1 month by using the fou are buying EUR and selling USD scroll down arrow This order will expire Mar 26 19 32 Stop Loss setting a stop loss limit protects against the possibility of a position running away from you By default no stop loss limit is selected If Warning Applet Window checked then the field is automatically populated with an initial value This value however can be changed and should be changed to reflect your desired threshold either by modifying it directly or by using the buttons to increase or decrease its value respectively Utilizing this feature serves as insurance if the market suffers a downtown at a time when you are experiencing computer problems or are away from your trading screen Take Profit setting a take profit limit closes a position at a specified level thereby locking in profits By default no take profit l
4. into the account A summary of your account status Unrealized P L the amount of profit or loss that you hold with your current open positions If you clear all your open positions then this amount would be added to the Realized P L amount Margin Used the amount of your account balance and unrealized P L tied up for margin purposes See Margin Rules for more information on how margin works Margin Available the amount of your account balance and unrealized P L available as margin for new trading transactions See Understanding FXTrade s Margin Rules for more information on how margin works in FXTrade Platform This information is continuously updated in real time to take current market conditions into account Moreover the information is always shown in the account s home currency a Print This Page The table area of the FXTrade Platform shows different information depending on the selected tab It can include e Trades displays a list of current open trades e Orders displays all limit orders waiting to be executed open orders Note this does not include any stop loss or profit take limit orders e Positions displays aggregated positions by currency pair For instance if you have made three trades in USD YEN the Positions Table will aggregate these separate trades into one aggregated USD YEN position e Exposure displays aggregated positions by currency e Activity Log Recent Shows the last 50 transactions an
5. Account FX Resources rapt Change Password Full Transaction History Interest Rates Deposit Funds Withdraw Funds 3 FX Resources OIS Analysis Tools connects to value added quantitative tools accessible via a separate browser window Market News displays recent currency market news in a separate browser window Trading Forums provides interactive forum bulletin board environment to share and learn from other currency traders FXDaily tabular currency exchange rates of one to many currencies FXGraph graphical display of daily currency exchange rates since 1990 FXHistory historical exchange rates since 1990 for over 164 world currencies FX Map the world map colored based on the strength and weakness of world currencies FXTrends currency trends for the major currencies FX Price Forecast FX Timing Forecast FX Volatility Forecast 4 Gaph provides list of currency pairs along with time interval options clicking on the desired options results in the graph being refreshed to display your request FX Resources raph Help O1S Analysis tools Market News Trading Forums F Daily FxGraph FxHistory FxMap FXTrends FX Price Forecast Fx Timing Forecast Fe Volatility Forecast raph Help EUR USD EUR SBP EUR JPY ELUR CHF USD JPY USD CHF USD CAD GBP USD GBP JP Y T F F0 F px F F F F 5 Help e Currency Trading Documentation and Help opens FXTrade s Help section This section provides
6. Displays continuously updated currency exchange rates in real time e Displays all pertinent information in one window e All interaction with the server occurs over fully encrypted Internet connections Although the Platform is intuitive to use and does not require a manual per se specific descriptions of its capabilities are described here as are some of the more salient details that may be of use to more advanced users of the Platform Note that this is a reference manual organized for easy lookup not necessarily serial read through It is assumed that the reader has some familiarity with the currency markets and currency trading terminology A collection of documentation on currency trading are available through the Help section of FXTrade Web site may be useful for obtaining additional information System Requirements The FXTrade Platform is implemented in Java and runs on any browser with JDK1 1 support which includes all Netscape Navigators versions 4 04 and up as well as Microsoft s Internet Explorer versions 4 0 and up If you do not have one of these browsers then you may freely download them from Netscape or Microsoft The FXTrade Platform is supported for Windows 95 Windows 98 Windows 2000 Windows NT Linux Sun Solaris and other Unix based operating systems If operated from behind a firewall the FXTrade Platform will operate properly only if the firewall allows HTTP requests to Port 80 If the Platform is repeatedly unabl
7. e Clicking on the bid or ask price in the Currency Rates Table or by MARKET ORDER Linit OrceErR e Clicking on an existing trade position or ie ACTION BUY order in the Table area sud umeey eme The fields of the Buy Sell window will be pre initialized depending on how the window UNITS was raised QUOTE 0 5996 Two types of orders are supported 1 Market Orders are orders that are V Lower Bound a transacted immediately based on market exchange rates I Upper Bound a z 2 Limit Orders are orders that are w Stop Loss 0 8953 executed when the exchange rate crosses M F 0 8983 a specified threshold v Take Profit 0 9009 a I The type of order can be selected by clicking on You are buying EUR and selling USD the appropriate tab in the Buy Sell Window Tiete Sata i osos bausen baumii Market order comes up as the default type of aia iS order Warning Applet Window Issuing a Market Order To issue a market order with the Market Order Buy Sell Window and the Market Tab selected a number of fields must be filled out most of the fields are pre initialized with reasonable values e Action choose between buy and sell e Currency choose the currency pair you wish to buy or sell By default this field will be initialized as follows O If the Buy Sell button was used to obtain the window the currency pair currently shown in the graph O If the bid or ask price was clicked to ob
8. extensive documentation help and resources on currency trading Help and the FXMarket Currency Trading Documentation and Help e About OANDA brief history of OANDA About Ganda Corporation Cer S ES e Contact Us e About This Program e Open Debug Window if you encounter Open Debug Window problems while on line with FXTrade use this menu option Copy and paste the content of the window and send it to OANDA s Technical Support 4bout This Program Full Transaction History SP Print This Page Accessed via the Account pull down menu or the History action button this feature allows you to view your transaction history beginning with your very first trade Within this feature you are able to specify the time horizon Beg of week Last 7 days First of month Beg of year or range of dates you wish to view The Full Transaction History can be printed out so that you can review file hard copy records of your account status TRANSACTION HH reTOR OANDA FXTrade TRANSACTION HISTORT DATE March 21 200 r select a time horizon SEMT dma m ene datt dde yy Subreit Cancel r amp alect 2 range of des Full Transaction History Menu Page The Full Transaction History Report has 9 columns described from left to right Ls 2 3 eU cd ctm we um Date the date and time of the transaction Ticket uniquely identifies the transaction Ticket Link provides ticket number that links
9. in the base currency 5 S L your stop loss for this trade This trade will be closed automatically as soon as the exchange rate for this currency pair crosses the S L value A stop loss limit is used to limit the loss you may incur with this trade 6 T P your take profit for this trade This trade will be closed automatically as soon as the exchange rate for this currency pair crosses the T P value A take profit limit is used to realize your profit as soon as it reaches the T P value 7 Price the exchange rate obtained when the trade was executed 8 Market the current exchange rate for this currency pair 9 Profit the unrealized profit when positive or loss when negative expressed in base currency and on a per unit basis This profit loss value is reflected in the unrealized P L of the Account Summary and is continuously updated to account for the latest exchange rates If this trade is closed the unrealized profit or loss becomes realized and added to or subtracted from your account balance Mouse actions e Clicking on the scroll buttons will cause the table to scroll up or down e Positioning the cursor over a particular row will highlight that row for ease of reference e Clicking on a column header will sort the table so that the contents of the column are displayed in increasing or decreasing order e Clicking on a row with an open trade will cause a pop up window to appear offering two operations Close t
10. the corresponding check box If checked then the field is automatically initialized with a reasonable value however the value can be changed either by modifying it directly or by using the buttons to increase or decrease its value respectively Take Profit if the order results in a trade then the stop loss value given will be associated with the trade By default no take profit limit is selected but one can be set by checking the corresponding check box If checked then the field is automatically initialized with a reasonable value however the value can be changed either by modifying it directly or by using the buttons to increase or decrease its value respectively The rate field is set by the FXTrade Platform and corresponds to the most recent exchange rate for the selected currency pair To issue the order the Submit Button must be selected If the order is successful and a trade occurs then an acknowledgement window pops up with a Transaction Id that can be used for future references Moreover the Trades Table and the Activity Log Table The aggregated effects of this specific trade will also be recorded in the Positions and Exposures Table tf Market Order ler Unsigned Java Applet Window Important Points to Note 1 If an order is successful and a trade occurs then the exchange rate obtained for the trade will correspond to the most current exchange rate maintained at the OANDA FXTrade servers and not necess
11. to the original transaction For instance the ticket number for an limit order in one row of the history report will appear in the ticket link column of another row describing any activity on the original limit order 1 e Modify Order Order Fulfilled Order Expired etc Type identifies the type of transaction Refer to Types definitions in Recent History Table Currency Pair the pair of currencies associated with the transaction Units the number of units traded in the transaction expressed in the base currency Price the currency exchange rate applied when buying or selling a currency pair Amount the value of each specific transaction Account Balance shows account balance after transaction has been netted DANDA FXTrade TRANSACTION Bek on an ami or the tile link to Sort he columnis of the lable i 1 8 ds bie Wed Mar 211000 2008 4433 Witerezt Earned us 0 0745 107 71 Wed Mari 18 24 55 2001 4527 2880 Changeornder EURUSD 1000 0350H 0 00 107 71 Wed Mar zi 12250 2001 4323 Buy Market GBeLIZD 300 14238 71435 107 71 Wed Mar H 18 26 12 2000 4524 4523 Modify Order GBPLISD 00 14239 000 107 4 Wed Mar 21182563320 4525 4523 Take Pratt cBeAIED S0 14303 71515 107 3H Wed Mor H 18 5x40 2000 4826 Bury Market EURUSD 500 08959 44735 i07 i Wied Mar 2118540220 4527 4526 Modify Order EURUSD S00 08555 0 00 107 3H Wed Mor H dag 21 123 2000 4528 Bary Market EURUSD 500 08947 44735 107 SH Wed Mar 21125 4
12. 5022008 4530 4528 Take Proft EuRAISD 200 08551 44755 106 11 Wed Mor 19 45 02 2001 4530 4528 interest Payment EURAISD 50 0 0001 10811 Wed Mar 2121070720 4557 Bun Market EUuRUPY S00 11063 44773 10811 Wied Marl 2 0802 2001 4558 4557 Modify Order BURA 500 11053 000 10811 Wed Mar 231 210012200 42358 4357 Modify Order BURLY 300 11053 0 00 106 11 Wed Mar 21 0941 2001 4550 4557 Modify Order EURARY 500 11053 000 10811 Wed Mar A1 21 11 33 20 4561 4557 Take Proft BURP Y 300 11072 44761 108 47 Wed Mar H 21 11 32 2001 4864 4557 interest nened EuRuPY 00 ag 10g 4T Wed Mar 2i 2112z08520 4562 Sell Market EURUPY 300 11073 447 BE 108 47 Wed Mar 2112382001 4553 4552 Modify Order BURY 500 T1073 O0 105 47 Wed Mar 212118402001 4564 Zell Market EUuRUPY 300 11071 447684 108 47 Wed Mar 21 17 20 200 45565 4564 Modify Order BURA 500 11071 0 00 108 47 Full Transaction History Sample Report Page Account Summary The account summary is a small table giving a summary of your SP Print This Page account status It shows ACCOUNT SUMMARY USB Account Balance the amount of your cash holding in your E 118 541 05 account Realized P amp L 974 89 Realized P L the amount of profit or loss you have incurred aU a ee ze with your trading activity to date It is equal to the value in Margin Used ee Margin Available 110 354 73 your balance minus the amount of funds you have transferred as igure 2
13. Interface The FXTrade Platform is partitioned into a number of components that each serve a different purpose A Action buttons a vertical panel located on the left hand side of the Platform contains a set of action buttons that allow you to perform operations or access additional information B Pull Down Menus a set of pull down menus across the top allow you to invoke additional operations C Account summary an area in the middle of the Trading Station that gives a summary of your account D Table an area located across the top of the FXTrade Platform that is used to display various information in tabular format The information displayed depends on the most recently clicked tab along the top of the table It might display currently held instruments current open positions or the list of recent activities E Currency rates an area at the bottom left that displays various currency rates These rates are continuously updated in real time F Graph located at the bottom right corner graphs display currency rates over time The graphs are also updated in real time as new rates become available Subsequent sections describe each of these components in detail Action Buttons SP Print This Page The Trading Station currently has the following action buttons displayed in a panel on the left side Clicking one will invoke the described operation Pops up a Buy Sell window from which you can issue trade requests Buy Sell Se
14. Platform will operate properly only if the firewall allows HTTP requests to Port 80 If the Platform is repeatedly unable to connect to the FX Trade Server then you should contact your system administrator OANDA FXTrade Platform User Interface Reference Manual 7a DANDA FXTrade FXETRADE Connection Account FX Resouces Graph Hel OFEN TRADES Trades i Orders i Positions Exposure Activity Log Log TICKET CURR UNITS PRICE MARKET l FROFIT l B 2745 EURUSD 500 Tum 0 9075 agez 4 0083 ACCOUNT SUMMARY USO ELUR LIBD Mar 19 2001 A i Balance a 107 56 15 5 17 00 17 05 17 10 Realized P amp L 7 41 Unrealized F amp L 15 htargin Used 22 48 Margin Available 80 83 CURRENT RATER EUR USD 0 8Boz 84 EURJGEP 085318 20 BURY JP Y 110 55 58 EURJCHF 15337 39 USD Je r _ 122 92 95 ED m LL Aes Currency EURJUSD interwal 5 secs Warning Applet Window This reference manual describes the User Interface of OANDA s FXTrade Platform The User Interface is called FXTrade Platform and is used for all interaction with the FXTrade System such as analyzing changes in currency exchange rates reviewing current currency positions reviewing past transactions or issuing buy and sell requests The key features of the FXTrade Platform are e Runs on any of the popular Web browsers connected to the Internet e
15. User Manual Home Login Logout Procedure FX Platform Main Window Action Buttons Pull down Menus Transaction History Account Summary Tables Trades Orders Positions Orders Exposure Activity Log Currency Rates Currency Graphs Buy Sell Window Modifying Trades Closing Trades Print Friendly Version OANDA FXTrade Platform User Interface Reference Manual 7 OANDA FXTrade FXTRADE OANDA Connection Account FX Resources Graph Help c ey OPEN TRADES Trades Orders Positions Exposure _ Activity Log TICKET CURR UNITS S L T P PRICE MARKET PROFIT 2745 EUR USD 500 0 9079 0 9075 0 8992 0 0083 F vo Analysis n News ACCOUNT SUMMARY USD BUS MAR 19 2001 4 Balance 107 56 Realized P amp L 7 41 D rens Unrealized P amp L 4 15 m Margin Used 22 48 Margin Available 20 93 CURRENT RATES 1 EUR USD 0 8992 94 EUR GBP 0 6318 20 EUR JPY 110 55 59 EUR CHF 1 5337 39 USD JP Y 122 92 95 USD CHF 4 7054 57 Currency EUR USD v Interval 5 secs bd ue Connected Warming Applet Window This reference manual describes the User Interface of OANDA s FXTrade Platform The User Interface is called FXTrade Platform and is used for all interaction with the FXTrade System such as analyzing changes in currency exchange rates reviewing current currency positions reviewing past transactions o
16. alance the account balance at the time of each activity logged Date Time the date and time of the transaction Types of Transactions Listed under Type column User Activity Buy Market indicates a buy long position execution of a market order Sell Market indicates a sell short position execution of a market order Buy Order indicates a limit order for a buy long position has been requested Sell Order indicates a limit order for a sell short position has been requested Modify Trade indicates changes to stop loss and or take profit limits on market order Modify Order indicates changes to stop loss and or take profit limits on limit order Close Trade indicates an open trade has been closed Cancel Order indicates stop loss and or take profit has been cancelled Close Position indicates an open position has been closed Server Activity Order Expired indicates a limit order has expired Stop Loss indicates stop loss limit has been executed Take Profit indicates take profit limit has been executed Margin Call indicates that margin account reached threshold and system therefore closed all open positions Each trade resulting from a Margin Call will be indicated Interest daily interest overnight rollover interest payment Interest Earned from a buy or sell trade specific interest rate differential Interest Payment from a buy or sell trade specific interest rate differential O
17. arily the rate displayed in the Buy Sell Market Order window This is because the rate may change during order confirmation 2 Lower and upper bounds are not required for making a trade 3 An order with Lower and Upper Limits set will result in a trade if and only if the exchange rate for the potential trade lies between the two limits Issuing a Limit Order To issue a Limit Order with the Buy Sell Window and the Entry Tab selected a number of fields must be filled out most of the fields are pre initialized with reasonable values e Action choose between buy and sell e Currency choose the currency pair you to trade By default this field will be initialized as follows O If the Buy Sell button is used to obtain the window the currency pair currently shown in the graph o If the bid or ask price within the Current Rates Table is clicked to obtain the window the currency pair whose price was clicked The pull down menu can be used to select another currency pair e Units the number of units of the currency pair you wish to buy or sell expressed in terms of the base currency Users can use the following shortcuts m million i e Limit Order 1m 1 000 000 and k thousand i e FXTRADE 10k 10 000 Do NOT use commas The system will Hunc IEEE EMI NOT process orders formatted with i commas ACTION BUY Quote the order will result in a trade as Ea soon as the exchange rate for the selected UNITS 100
18. d or account updates The default is open positions Mouse Actions How the information in the table is displayed can be controlled in two ways 1 Scroll bars are used to scroll the table up or down allowing you to see information that is hidden from view 2 Sorting can be achieved by clicking on a column header which causes the table to be sorted in either increasing or decreasing order Clicking once sorts the column in increasing order clicking again sorts it in decreasing order For all tables except Transaction History clicking on a row of the table will cause a pop up window to appear offering further actions for that open trade position or order Trades Table The open trades table shows a list of your currently open trades TICKET CURR UNITS PRICE MARKET PROFIT B 2 45 EUR USD 500 0 89077 0 9075 0 9046 0 0029 The table has 9 columns described from left to right 1 Bought Sold Indicates whether the position is bought long or sold short 2 Ticket Number a number that uniquely identifies an open trade You can use this number as a reference for inquiries to OANDA or to search for particular entries in the transaction history table 3 Currency pair the pair of currencies involved in this trade The first currency of the pair is referred to as the base currency while the second one is referred to as the quote currency 4 Units the number of transacted units for this trade expressed
19. e Buy Sell window for more information Pops up a new browser window with access to a number of analytical tools that might J Analysis help in making trading decisions Er up a new browser window with the latest currency news Hi Pops up a new browser window that allows users to choose date ranges for IStOry Transaction History ida and currency trading experts Pull down Menus SP Print This Page There are 5 pull down menus each offering different operations or services 1 Connection Connect connects the FXTrade Platform to the server Currency rates start being displayed in real time and transactions are possible Disconnect disconnects the FXTrade Platform from the OANDA Trading Server The FXTrade Platform will remain open but currency rates will no longer be updated and transactions will not be possible Quit quit and exit the FXTrade Platform 2 Account Change Password allows you to change your password Full Transaction History opens a new browser window to display an extensive list of all transactions that have occurred in your account See Full Transaction History for more details on this window Interest Rates retrieves the daily interest rate table used by OANDA to calculate the intra day and or daily interest Deposit Funds provides instructions regarding adding funds to your account Withdraw Funds provides instructions regarding withdrawal of funds from your account
20. e to connect to the FX Trade Server then you should contact your system administrator Log In Procedure Print This Page In order to log in you must be a registered user Registering is free and can be accomplished by clicking on the Open FXTrade Account link on FXTrade home page http fxtrade oanda com Logging in requires you to provide a user id and password Both the user id and password are case sensitive If you forget your password click on the Forgot Retrieve Password link and fill in the information requested your password will be then be emailed to you If the user id and password are entered correctly a small window appears indicating that the FXTrade Platform is being loaded After a short time a larger window appears with the FXTrade Platform s Graphical User Interface Once the Platform is fully loaded the contents of the small window will change to include a number of useful links It is important that this small window not be closed while the Trading Station is to remain operation although it may be minimized so as not to be in your way This small window is necessary due to the limitations of typical Java implementations on most browsers that would otherwise not allow you to continue browsing the Web while the User Interface is active Log Out Procedure To log out of FXTrade you must either click on Disconnect from FXTrade s Connect menu option which will disconnect you from the server but leave the In
21. he quote currency Units the number of units held in this position expressed in the base currency Avgerage Rate the weighted average exchange rate obtained for the trades in this position Market the current exchange rate for this currency pair Profit the unrealized profit when positive or loss when negative expressed in base currency and on a per unit basis This profit loss value is reflected in the unrealized P L of the Account Summary and is continuously updated to account for the latest exchange rates If this trade is cleared the unrealized profit or loss becomes realized and added to or subtracted from your account balance Mouse actions Clicking on the scroll buttons will cause the table to scroll up or down Positioning the cursor over a particular row will highlight that row for ease of reference Clicking on a column header will sort the table so that the contents of the column are displayed in increasing or decreasing order Clicking on a row with an open position will cause a pop up window to appear offering the option to close the position Exposure Table The Exposure Table displays the aggregated position of a particular currency not currency pair It is similar to the Positions Table except that all positions of each currency are aggregated into a single line for each currency offered In other words the table displays the net of all long and short positions within a single currency
22. imit is selected If checked then the field is automatically populated with an initial value This value however can be changed and should be changed to reflect your desired threshold either by modifying it directly or by using the buttons to increase or decrease its value respectively To issue the order the Submit Button must be clicked An acknowledgement window will pop up with a Ticket number that can be used for future references Moreover the Open Orders Table will be updated to reflect the new order Note You can modify the parameters of an open order including the rate representing the trade threshold or the S L and T P by clicking on the order in the Open Orders Table Note The user must manually close a position Closing the browser or disconnecting from the system will not close a position Modifying Trades a Print This Page Modifying a Market Order You can modify the stop loss take profit parameters of a specific trade by clicking on that trade in the Trades Table The market order ticket populated with appropriate trade information will pop up By selecting Modify within the Action Field you can cancel or modify your limit order parameters Modifying a Limit Order You can cancel or modify the stop loss take profit parameters of a specific trade by clicking on that trade in the Order Table The limit order ticket populated with the appropriate trade information will pop up By selecting Modify within
23. ividual trades in that pair For example closing a GBP USD position closes ALL GBP USD transactions within the Trades Table as well Exposure Clicking on the specific currency in the Exposure Table will bring up a window with the following question Are you sure you want to close GBP or whichever currency you are trying to close Click OK to close your exposure Because an exposure is the aggregate of all positions or trades that contain a specific currency closing your exposure will simultaneously close all positions and individual trades involving that currency For example closing your GBP exposure closes ALL transactions with GBP as the base or quote currency Note By closing the application you are NOT automatically closing out of any open transactions
24. r issuing buy and sell requests The key features of the FX Trade Platform are e Runs on any of the popular Web browsers connected to the Internet e Displays continuously updated currency exchange rates in real time e Displays all pertinent information in one window e All interaction with the server occurs over fully encrypted Internet connections Although the Platform is intuitive to use and does not require a manual per se specific descriptions of its capabilities are described here as are some of the more salient details that may be of use to more advanced users of the Platform Note that this is a reference manual organized for easy lookup not necessarily serial read through It is assumed that the reader has some familiarity with the currency markets and currency trading terminology A collection of are available through the Help section of FXTrade Web site may be useful for obtaining additional information System Requirements The FXTrade Platform is implemented in Java and runs on any browser with JDK1 1 support which includes all Netscape Navigators versions 4 04 and up as well as Microsoft s Internet Explorer versions 4 0 and up If you do not have one of these browsers then you may freely download them from Netscape or Microsoft The FXTrade Platform is supported for Windows 95 Windows 98 Windows 2000 Windows NT Linux Sun Solaris and other Unix based operating systems If operated from behind a firewall the FXTrade
25. rade 2 Modify trade This is used to modify the S L or the T P limits Orders Table The Open Orders Table shows a list of your currently open orders An open order is a request that a trade should be made automatically when the exchange rate of the specified currency pair crosses a specified threshold i TICKET CURR UNITS PRICE MARKET EXPIRY B 2350 EUR USD 1000 0 8722 0 8409 O 8046 hares 14 09 The table has 9 columns described from left to right 1 Buy Sell Indicates whether the order is a buy going long or a sell going short 2 Ticket Number a number that uniquely identifies the order You can use this number as a reference for inquiries to OANDA 3 Currency pair the pair of currencies to be traded 4 Units the number of units to be traded expressed in the base currency 5 S L the stop loss for this trade This trade once executed will be closed automatically as soon as the exchange rate for this currency pair crosses the S L value A stop loss limit is used to limit the loss you may incur with this trade 6 T P your take profit for this trade This trade once executed will be closed automatically as soon as the exchange rate for this currency pair crosses the T P value A take profit limit is used to realize your profit as soon as it reaches the T P value 7 Price specifies that the trade should be executed as soon as the exchange rate for the specified currency pair crosses this value
26. rder Fulfilled indicates that a limit order was executed Order Cancel NSF occurs if an order is triggered but the user does not have enough funds to cover the order Funds Added indicates money has been added to you account Mouse actions e Clicking on the scroll buttons will cause the table to scroll up or down e Positioning the cursor over a particular row will highlight that row for ease of reference e Clicking on a column header will sort the table so that sthe contents of the column are displayed in increasing or decreasing order Currency Rates Se Print This Page The Currency Rates Table shows the current OANDA exchange rate for the currency CURRENT FEA TEB pairs supported by the FXTrade Platform EUR USD EJ 9 9005 4 07 They are updated in real time EUR EJ 0 6313 15 f EUR JF r PD 110 44 48 approximately every 5 seconds When there EUF CHF A5333 7 35 is significant exchange rate movement for a USDZJP Y 422 67 70 currency pair up down indicators show the USD CHF 47038 41 direction of change in order to alert you USD CAD 15845 48 should you not currently have the currency GBP USD ES 1261 64 pair displayed in the graph GBP JP Y EJ 17484 02 Mouse actions e Clicking on the scroll buttons will cause the table to scroll up or down e Clicking on a currency pair s ask price will pop up a buy window for that currency pair e Clicking on a currency pair s bid price will pop up a sell
27. s limit threshold for open Market Order Green Line across graph Take Profit limit threshold for open Market Order You can adjust what is shown in the graph e The Currency pair displayed is selected using the pull down menu at the bottom left or by selecting a currency pair in the rate table e The granularity of the graph is selected using the pull down menu at the bottom right of the graph Selecting a fine granularity such as 5 seconds where each point on the horizontal axis represents 5 seconds of time will display a relatively short time interval less than an hour in this case Selecting a larger granularity such as one day will display longer term trends 9 months of exchange rate information in this case Mouse Actions e Scroll buttons at the top right of the graph area allow you to shift the time interval shown to the left or to the right backward or forward in time e Clicking on the graph with the mouse will hide the Buy Sell Indicators Clicking again will cause them to re appear e Positioning the mouse at a certain point in time causes the exchange rate information for the target currency pair at that time to be displayed in a sub area of the graph e Positioning the mouse over an indicator provides more information about the corresponding transaction Market Order Buy Sell Window SP Print This Page hable nd ana cas issue buy sell orders It can be raised by e Clicking on the Buy Sell action button
28. tain the window the currency pair whose price was clicked o Ifa trade or position was clicked in the Table area the currency pair corresponding to the trade or position The pull down menu can be used to select another currency pair Units the number of units of the currency pair you wish to buy or sell expressed in terms of the base currency Lower limit the order will result in a trade only if a price is obtained from the OANDA FXTrade servers that is higher than or equal to this limit By default no limit is specified but one can be set by checking the corresponding check box If checked then the field is automatically initialized with a reasonable value however the value can be changed either by modifying it directly or by using the buttons to increase or decrease its value respectively Upper limit the order will result in a trade only if a price is obtained from the OANDA FXTrade servers that is lower than or equal to this limit By default no limit is specified but one can be set by checking the corresponding check box If checked then the field is automatically initialized with a reasonable value however the value can be changed either by modifying it directly or by using the buttons to increase or decrease its value respectively Stop Loss if the order results in a trade then the stop loss value given will be associated with the trade By default no stop loss limit is selected but one can be set by checking
29. terface browser open or click on the Quit button from Connect menu option of FXTrade which will disconnect you from the server and close the application all together Both options are located under the Connection pull down menu Main Window of FXTrade Platform SP Print This Page The FXTrade user interface is shown in Figure 1 It can be resized using the standard mechanisms supported by your operating system s windowing system Action Buttons Current Currency Rates Real Time Graph Pull Down Menus Account Summary Tables FRTR4ADE DANDA zw Activity Lom frades Orders Positions Bepesueg Oe Ay Sell a Sbon minaaa nixa TICKET TYPE CURR MTS PRICE Mb DATE TIME mm 7 EURUSD 500 0075 Mar 18 2004 17 32 3430 interest EuR UsSD 1 0 00e2 wiar 18 2007 16 00 3529 1 00145 407 57 Mar 19 2004 18 00 x3na Interest EURUSD i 00037 4107 S45 Mar 18 2001 18 00 Inte rest Usb 1 00145 407 56 Mar 18 2004 16 00 ACCOUNT SUmMaryY USD EUR USD Ju 21 2000 Ja E 2 d Balance 107 86 Sep Now Lan 2i Realized P amp L Lm 7 41 0 9721 Tu Unrealized P amp L 415 y Margin Used 22 48 PES Margin Available 80 93 CURRENT RATES OMY EUR AISO EUR GBP EUR JPY EURACHF UED JP T LED CHF Baiil Warning Applet Window Figure 1 FXTrade Platform User
30. the Action Field you can cancel or modify your limit order parameters gt OANDA FXTrade FXTRADE 2 Cancel Ticket 2880 nm n TICKET CURR Commas tec Auecount B 20 EURUSD ACTION CLOSE E Analysit CURRENCY gus JJ UNITS QUOTE IPIE ACCOUNT SUMMARY LIE eee L Balance L r 1 CT Ureealized PAL Upper Bound mE inl Margin Used oF zm Margin Awalable 1 Step tes CURRENT RATES EUR USD EJ oco v Take Profit EUR OBP CEN EUR JP Y IE 3 1103 Buration One Week EURICHF 1523 e Stu IP 122 7 This eal ciiil vens order USD CHF t705 USD CAD ES 1564 SEPIUS o am GBPIJPY 1750 Modifying a Limit Order Closing a Trade Position or Exposure a Print This Page Trade Clicking on the specific trade in the Trades Table will bring up the trade ticket populated with the appropriate trade details Select Close within the Action Field to close this trade Position Clicking on the specific currency pair position in the Positions Table will bring up a window with the following question Are you sure you want to close out of GBP USD or whichever currency pair you are trying to close Click OK to close the position Because a position is the aggregate of all trades of a specified currency pair closing your position will simultaneously close all the ind
31. window for that currency pair e Clicking on a currency pair will change the graph to display that currency pair Graphs show how currency exchange rates change over a period of time ranging from minutes to months All graphs are updated in real time as new currency rates arrive 7a USDSIPY Sold 5000000 units 122 87 The width of the curve in the graph represents the spread Thus the upper AN boundary of the graph represents the ask zd price while the lower boundary represents the bid price Note that the spread may vary over time depending on market conditions As the mouse is moved over the graph a sub area in the graph shows precise exchange rate information for the target Sex a 122 87 90 currency pair corresponding to the point in time represented by the position of the Currency USD JPY w Interval 30 min mouse warming Applet Window The graph may also display Buy or Sell Indicators that designate at which point in time you bought or sold a currency pair Downward pointing red arrows indicate a sold currency pair and upward pointing green arrows indicate a bought currency pair If the mouse is located over one of these indicators then more detailed information is displayed in a sub window The available Buy or Sell Indicators are iA Buy Market Sell Market Buy Limit Sell Limit ll Stop Loss order and or Margin Call ll Take Profit order Red Line across graph Stop Los
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