All trading through the Tick Chart Trader app is on a FIFO basis. For example, if you place a buy order and then a sell order, then the sell closes the previous buy even if you are using a trading platform such as MT4 which allows “hedged” orders. The trading functionality in the
Tick Chart Trader app is designed for people who want quick entry and exit from a single position in each symbol.
3.1 Placing orders with the mouse
You can place buy and sell orders by clicking on the bid and ask prices in the bottom-right of the app. This displays a pop-up panel with buy or sell pre-selected depending on whether you clicked on the ask price or bid price. The trade size from the field in the footer is copied into the pop-up panel.
You can close an open position by clicking on the position/profit marker in the top-right of the app. This pre-fills the dealing panel with an order which closes your position. For example, if you are long 0.30 lots, then the panel will be pre-filled with a sell order for 0.30.
However, you can change the contents of the dealing panel before placing the order. For example, you can click on the bid price, pre-filling the dealing panel with a sell order, but then change that to a buy order before placing the trade.
You can close the panel without placing a trade by clicking anywhere outside it.
3.2 Placing orders with the keyboard
You can trade with the keyboard using the B, S, and C keys.
B has the same effect as clicking on the ask price: it pre-fills the dealing panel for a buy order. S is equivalent to clicking on the bid price; it pre-fills the panel for a sell order. C has the same effect as clicking on the position/profit marker.
After pressing one of these keys you can then either amend the order details, or simply press the spacebar rather than having to click on the “Place order” button. (You can move from the “Place order” button to the volume field using the standard keyboard shortcut Shift+Tab.)
You can close the panel without placing a trade by pressing the Esc key.
3.3 Placing quick orders using the Ctrl key
For extra-fast order entry, you can use the Ctrl key. You need to turn this option by using any of the above facilities for opening the dealing panel. (You do not need to place a trade; you can turn on the Ctrl option and then cancel the dealing panel.)
Using the Ctrl key is then equivalent to opening the trading panel (using either mouse or keyboard) and then clicking on the “Place order” button without changing the pre-filled settings.
In other words:
• Ctrl+C, or holding down Ctrl while clicking on the position/profit marker, closes your current open position.
• Ctrl+B, or holding down Ctrl while clicking on the ask price, places a new buy order using the trade size shown in the footer.
• Ctrl+S, or holding down Ctrl while clicking on the bid price, places a new sell order using the trade size shown in the footer.