Trading Preferences

This page serves to choose your trading style and configure the trading parameters.

Functions of the control elements

Quick Settings

Trading Style selects the default preferences according to your preferred trading style: the deals displaying in the open positions list, an option to allow the open opposite deals, and the kind of the order operations offered after the trade execution. All the preferences mentioned can be changed individually according to your needs.

Open positions

This group of the options is to configure the display of the Open Positions list.

Display deals is responsible for the display of the deals in the open positions list. If the option is enabled, there is a mark opposite each instrument a trade has been recently executed on. When you click this marker, the row is expanded, and the list of the deals on this instrument appears below it. Herewith you can close the deals separately, in any order.

Including closed deals allows displaying the closed deals in the open positions list. The closed deals are displayed with the open ones only, so this option is ignored if the Display deals option is disabled.

Close deals when position is zeroed – if the option is enabled, the position and all deals on the instrument are closed when a trade zeroing the position is executed.

If the option is disabled, the opposite deals do not close each other but remain open until closed explicitly. This allows hedging deals without fixing the resulting profit or loss. You can close the position on the instrument also explicitly only, by clicking on the x marker opposite this position or with a context menu command. When a position is closed, all open deals are closed as well.

Display with enhanced precision sets the display of the open position average rate, the difference in points between the current rate and the average one, and the current profit or loss, with the increased precision. The average rate is always calculated with a maximum precision, and the increased display precision allows for a better control of the Profit calculation.

Forex deals

This is a preferences group for the Forex trading.

Offer order operations – after a Forex trade is executed, the TradeRoom system can offer you to place the orders for the deal or for an open position as well as to cancel the orders for the instrument. The following settings are available:

• Do not offer: no order operations will be offered.
• For the open position: after opening a position you are offered to place the orders for closing that position. The amounts of the closing orders are automatically adjusted to the size of the open position at the subsequent position changes. This option corresponds to the TradeRoom Classic trading style. It is activated automatically when you select this style in the Quick Settings section.
• For the open deal: after executing a trade you are offered to place the orders for closing that deal. This option corresponds to the Advanced style. It is activated automatically when you select this style in the Quick Settings section.

Activate Stop orders trailing controls a trailing activation for the Stop orders offered after a Forex trade is executed. If the option is on, trailing will be activated for the offered Stop order by default. If the option is off, trailing is deactivated. You can always activate or deactivate trailing for the offered Stop order before you place it.

Request trade confirmation controls the confirmation request at the trade execution. If the option is on, the confirmation request will be displayed after you press the Buy, or the Sell, button. This prevents the trade execution by occasionally pressing a button. If the option is off, no confirmation will be requested. This setting can also be changed on the trade execution page by means of the Request trade confirmation option.

Standard amounts – use this option to set standard trade amounts offered at the Forex trade execution as well as at the order placement (you can also type in the required amount manually). The list should contain a set of numerical values separated by a semicolon (;). The values must comply with the format specified in the TradeRoom system preferences with optional thousand separators.

Conversion deals

This group contains the conversion preferences. It includes the following controls:

Standard amounts – use this option to set standard trade amounts offered for the conversion as well as for the order placement (you can also type in the required amount). The list should contain a set of numerical values separated by a semicolon (;). The values must comply with the format specified in the system preferences with optional thousand separators.

Request trade confirmation controls the confirmation request at the conversion execution. If the option is on, the confirmation request will be displayed after you press the Buy, or the Sell, button. This prevents the trade execution by occasionally pressing a button. If the option is off, no confirmation will be requested. This setting may also be changed on the trade execution page by means of the Request conversion confirmation option.

Selected instruments

These options limit a set of the instruments used for a Forex trade execution and for an order placement. The list of the instruments available will include the selected instruments only. This makes it easy to find a needed instrument in the list.

Note: The instruments list is limited for Forex deals only. For conversion, all instruments are available to avoid setting limits on the conversion into any currencies.

Enable all instruments for charts – enable this option if you need to view the charts for the instruments you haven't selected. When this option is enabled, all traded instruments are available in the chart instruments list. When it is disabled, only the instruments you have selected for the trading are available for the chart.

Save – use to save the settings changed.

Cancel – use to exit the preferences page without saving the changes.