Opening an order is simple and can be done from either the Rates section or the Favorites section of the Android Trader. A new order can be placed by selecting a trading instrument of your choice from the main screens of both the Favorites and Rates sections. Clicking on your desired instrument will bring you to a popup bar. Alternatively, you are able to switch between an Instant and pending order by selecting the menu button of your device.
Choose ‘Instant’ or ‘Market’ (depending on execution type of the instrument) to open a new open position.
For instant orders you can select and change the volume (vol ), set a stop loss (S/L) or take profit (T/P), then you must choose whether to ‘Buy’ or ‘Sell’ by clicking the corresponding button.
For Market orders, you can select and change the volume (vol) then you must choose whether to ‘Buy’ or ‘Sell’ by clicking the corresponding button and your request to open a new position will be sent. A confirmation screen should appear shortly after the request is approved.
To create a Pending order you may either select the ‘Pending’ button from the pop up bar or alternatively select the menu button from the instant order screen. The window for creating a pending order will appear.
Again, you have the volume (Vol), stop loss (S/L), and take profit (T/P). With the pending order, you set the price that you want the order to activate. By selecting the ‘price’ option, you will be presented with a scrolling ‘Price picker’. Once you have chosen your price, click ok followed by your desired type of the order: Buy Limit, Sell Limit, Buy Stop, and Sell Stop. A confirmation screen should appear shortly.
You can easily switch to chart window either from ‘Instant (Market) Order’ or from ‘Pending Order’ window by clicking on ‘Chart’ button below.
Clicking on an Open position will give you details of that order. From here, you can: Update / Close. If you change or set a Stop Loss (S/L) or Take Profit (T/P) on an open position you must simply click on the ’Update’ button to confirm the changes. A confirmation screen should appear shortly after updating the order. If you decide to close an open position tap ’Close’ and your request will be sent. A confirmation screen should appear shortly after the request was approved.
If you select a pending order from the Trades area, you have the option to Update / Delete the pending order. You can change or adjust the open price, the Stop Loss (S/L) and the Take Profit (T/P), remember after making such changes to click on ‘Update’. Again, a confirmation should appear shortly after ‘Update’ or ‘Delete’ the order.
The partial close option allows you to close part of your trade, leaving the remaining Volume open. In order to partially close your trade, the Volume must be changed within the Volume box. Once making your desired changes you must then click “Close” button. When successfully updated you should receive a confirmation screen.
Tapping into the chart button in the popup bar will bring you to the chart of the instrument. You have the ability to scroll back on the chart, by moving your finger horizontally, and to zoom in and out by clicking the ‘menu’ button of your smartphone and choosing the desired zoom option. If you turn your smartphone horizontally, the chart will open to a wider view.
Within the charts area, you have access to technical analysis. All analysis options can be found along the top of your chart, in both vertical and horizontal views.
|This icon shows your basic drawing options. When adding lines or additions to your chart, please select this button to fix your lines in place|
|Allows you to magnify a specific area of your chart using the Loupe tool|
|Provides your charting tools, such as Trend lines and Fibonacci retracements. To add to your chart simply select the line you wish to add and place by moving the blue dot/s with your finger. To fix the line, select the ‘eye’ icon.|
|Allows you to move and edit additions on your chart|
|Remove drawings and lines from your chart|
|Separate your chart|
|Allows you to switch between candle stick, bar or line charts|
|Add or remove indicators to/from your chart|
|Zoom in options allow you to zoom in at x1 or x10|
|5 defaultviews are provided within the customization options|
The customization menu allows you to fully customise your charts and technical analysis. You have the ability to change all chart colours, or alternatively select one of the 5 default colour views provided for you. From within this menu you are able to turn on/off your bid and ask lines, your order levels and also the loupe feature.
Your indicators list can be found by selecting the ‘Add/ Remove indicators’ button located above your chart. You are able to add indicators to the chart by selecting the menu button of your Android and select the ‘Add’ option, or remove indicators using the ‘edit’ option.
Once deciding to send an Instant (Market) order or even when creating a pending, a screen as shown below will appear attempting to send your request through.
You have an option to cancel your request clicking on the ‘Cancel’ button before your order will be processed and it will indicate if your attempt was successful.
If your order was successfully executed you will be shown a message like so.
There is also another possible outcome for instant request – ‘Requote’. In this case, you will receive another message as shown in the picture below. With the ‘Requote’, you can resend your request at the new price or cancel it.
The Android Trader allows you to search for a specific symbol, News article, Mail message and even a specific closed or open trade. The search icon can be found within the top right hand corner of each screen. This will bring up a search box allowing you to specify the item you wish to view.