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Your complete IRESS Trader platform guide

How to Log in

How to Log in

To log in to your Live Trading Account, you should visit: https://www.fpmarkets.com/en/iress-login/

  1. Select your Platform type as instructed in your Login email.
  2. As your Username, insert your account number.
  3. Use your allocated password to access the account.

 

Iress Login Screen

Quote & Watchlist

Quote and Watchlist

The Quote function is responsible for displaying live, dynamic pricing information (or quotes) on securities, indices and currencies.

There are three primary uses of the Quote function:

  1. viewing ad-hoc price quotes for companies, indices and foreign exchange
  2. viewing a system generated watchlist of quotes based on the stocks comprising an ASX index
  3. creating and viewing a custom watchlist of quotes.

To view ad-hoc price quotes

  1. Select the menu path at the top of your screen, Pricing > Quote. The Quote command opens.
  2. In the Watchlist/Code box, type the code for the security you would like to view, for example. BHP Billiton Limited, or BHP.Iress Viewpoint Quote example
  3. Click Request to the right of the Watchlist/Code box. Quote details display.Iress Viewpoint Watchlist Code
  4.  In the Watchlist/Code box, replace BHP with another example such as National Australia Bank or NAB and click Request again. A NAB quote is inserted above the BHP quote.
    Repeat step 3, adding quotes for the following codes:
  • TLS (Telstra)
  • WOW (Woolworths)
  • XAO – All Ordinaries Index
  • AUDUSD – Australian Dollar – US Dollar.

You have created a list of ad-hoc quotes detailing live pricing information for the codes entered.

*Please note that the list will be lost when you close the Quote command.

Saving a Watchlist

Saving a Watchlist

Saving a list of codes as a watchlist enables you to return to that list of quotes at any time by simply typing in the watchlist code.

You will use the list of quotes you have already displayed in the Quote command to create a saved custom watchlist.

To save a custom watchlist

  1. Click Watchlists to display the watchlist menu.
  2. Select Save As. The Save Watchlist As dialog box displays.
  3. Type MyWatchlist as your watchlist name.Iress Viewpoint Watchlist
  4. Click OK.

 

The watchlist name appears in the Watchlist/Code box with a $ in front of it. This indicates it is a custom watchlist.

Retrieving a Saved Watchlist

Retrieving a Saved Watchlist

  1. Click System Watchlist to display the watchlist menuIress Viewpoint System Watchlist
  2. The top section of this menu lists the system watchlists available. These represent the following groups of codes:Iress System Watchlist

Tip: Use the vertical scroll bar to view all the quotes.

To re-display a custom watchlist

  1. Click User Watchlist to display the watchlist menu.Iress Viewpoint User Watchlist
  2. Click My Watchlist in the custom watchlists section (the bottom section) of the menu. Your custom list of quotes displays.
Watchlist Code Search

Watchlist Code Search

You can search for watchlist codes in the Navigator command.

To search for a watchlist code

  1. In the Navigator command, click the Watchlist tab.Iress Viewpoint Watchlist Search
  2. Click the arrow in the Watchlist Type box. A list of system watchlist categories displays.
  3. Select type of Watchlist type you want to see (e.g., Equities) and you will see a selection of views available for the Watchlist type chosen.
Security Navigator

Security Navigator

The Navigator helps you to search for codes. You can search for:

  • security codes based on name
  • trading vehicles
  • fund codes
  • watchlists

To open the Navigator

The Navigator icon is on the right of the Code box in all commands that have a Code box. If you open Navigator from within a command, the security you search for defaults into the command in which you started. If you open Navigator from the main menu, you can right-click on the search result and then select the command in which you want to view it.

The navigation button looks like this Iress Viewpoint Navigation Button

Select the menu path Security > Navigator.
In any command, click the “Navigation” button.
The Security Navigator command displays, with the Security tab as the default search function.
The Navigator icon is on the right of the Code box in all commands that have a Code box. If you open Navigator from within a command, the security you search for defaults into the command in which you started. If you open Navigator from the main menu, you can right-click on the search result and then select the command in which you want to view it.

  • Select the menu path Security > Navigator.
  • In any command, click Iress Viewpoint Navigation Button.

The Security Navigator command displays, with the Security tab as the default search function.

Security Code Search

Navigator can be used to search for a security code based on the security name or security type.

Search by Company Name

  1. In the Navigator command, type National Australia in the Security Name box.
  2. Click Search. A list of codes for companies whose names contain the words ‘National Australia’ displays in the lower section of the Navigator command.Iress Viewpoint Company Search
  3. In the list of securities, right-click on the security code NAB.ASX. A pop-up menu provides quick access to other commands.
  4. Select Depth. The Depth command opens and displays information for NAB.

Search for Security Type

  1. In the Security Name box, type NAB.
  2. In the Security Type list, select Options.
  3. Click Search. A list of NAB options displays in the lower section of the Navigator command.
  4. Select a code then drag and drop it into the Quote command.
  5. Release the button. The Quote command updates with price information for that option.
Industry Code Search

Industry Code Search

All stocks traded on the Australian Securities Exchange are members of an industry group as categorised by the Global Industry Classification Standard (GICS). The GICS system has the following levels:

  • Economic sector
  • Industry group
  • Industry
  • Sub industry

The Industry tab of the Navigator command reflects the GICS system. This enables you to quickly access a list of companies that have the same business focus. For example you can produce a list of all companies in the Beverages Industry that are Brewers. Codes found can be easily loaded into other commands.

To search for a code by industry

  1. In the Navigator command, activate the Industry tab. The left side of the command lists the economic sectors in the All Industries group.Iress Viewpoint Industry Search
  2. Click the + next to Consumer Staples. A list of the industry groups in this economic sector displays.
  3.  Click the + next to the Food, Beverage and Tobacco industry group. A list of the industries in the industry group displays.
  4. Click the + next to the Beverages industry group. A list of sub groups in the group displays.
  5. Click the Brewers sub group. A list of securities in the sub-group displays in the right pane of the command.
  6. In the list of security codes, right-click on BEE.ASX The right-click menu displays.
  7. Select Quote. A live quote for BEE is inserted at the top of the list of quotes in the Quote command.Iress Viewpoint Security NavigatorUse the Security Name and Type boxes to enter search criteria to the security. The search results display in the bottom section of the command.
Place a trade

Place a trade

  1. To place your first trade, you should click on the OrdersIOSPlus tab at the top of the screen. From there you should select the ‘Create Buy Order’ Tab.Iress Viewpoint Create Buy Order
  2. This will then bring up an order ticket that will look like this:Iress Viewpoint Create Buy Order
  3. This will then bring up an order ticket that will look like this:Iress Viewpoint Target Value
  4. If you are solely interested in placing your trade on the market, with no risk parameters, then now you would simply hit the ‘Buy’ button. You will then be required to confirm your order, and it will be placed into the markets.
Risk Management

Risk Management

In the same window, you are able to set some Risk Management parameters for your trade to function within.

(Note: if you would like to learn further about risk management, we cover it in detail here – this section is focused on how to place it in Iress)

There are 3 options for your trades to function within:

  1. Stop Loss– Exits your position at an allocated price level, realising the loss. This can be shown as a point distance away from the entry price, or as a set price. The Stop Loss Trigger allocates a price for the order to be inserted into that market. The Stop Loss Limit indicated the price in which you want your position to be closed.
  2. Trailing Stop Loss– Shadows your trade an allocated amount beneath the price. This follows the trade on positive movements whilst locking in any beneficial moves when the market starts to move against the position. This can be represented as a % away from the trading price, alternatively, this can be represented as a price step away from the trading price.
  3. Take Profit– Exits your position at the allocated price level, realising the profit. The Take Profit Trigger allocates a price for the order to be inserted into that market. The Take Profit Limit indicated the price in which you want your position to be closed.

How to place a stop order if the position is already open

  1. To attach a stop loss to a position already active in the market you must create a Contingent Order.Iress Viewpoint Contingent Order
  2. To reach this page, you should click on the OrdersIOSPlus tab, and select the Contingent Order Pad.
  3. You should then be presented with the following screen.Iress Viewpoint Contingent OrderIf we use the same example as before (WOW). As we bought 1000 units previously, we are now looking to attach a stop loss to close the position if the market reaches 2350

 

  1. To start with, the destination should be ‘FIXED CO’
  2. Strategy:
    • Contingency Security should be WOW
    • Fixed Base Price, this should be the ‘Last’ traded price.
    • Condition should be ‘Less than or equal to’ the price that we want to exit the trade.
  3. Security Code: WOW
  4. Volume: 1000
  5. Price: 2350
  6. Advanced: In this option, you can decide if once your price is triggered, you can exit the trade at Market price, however, in this example we have used a limit order.
  7. You can also select the lifetime of the order by selecting the Order Type. This can be customized to a specific date should you wish.Iress Viewpoint Advanced panel
Setting the Chart Frequency

Setting the Chart Frequency

Changing the frequency in a chart enables you to vary the time frame over which you view historical data.

To change the frequency of a chart

  1. In the chart, click the drop-down arrow corresponding to the box labelled Daily. A list of the frequencies displays.Iress Viewpoint Chart Frquency
  2. Select Weekly. The chart updates to display weekly data.
  3. Move your mouse over the chart line. The values in the ToolTips are now at weekly intervals.

To zoom in on a section of the chart

  1. Click and drag the mouse across a small section of the chart. Two vertical yellow lines connected by a double-headed yellow arrow define the area you drag the mouse across. When you release the mouse button, the chart automatically zooms in to show only the selected section of the chart.Iress Viewpoint Chart Zoom
  2. To zoom out and display the whole chart, click the Zoom All icon.

To add a chart indicator

  1. In the chart, click the Add Indicator icon. The Add Indicator dialog box displays a list of the available indicators.