The Market Manager does four main things:
It shows a “watch list” of both
symbol prices and open positions, with facilities for closing positions and opening new ones
It shows headline information
about the account, such as equity, balance, and margin usage.
It shows a list of all open
tickets, i.e. all open positions and pending orders, with the ability to open each ticket as
a separate window, and then modify or close the position or order.
It provides a concise summary of
recent price activity on a symbol
1.1 Choosing the symbols to display
On MT4 and MT5, the list of symbols in the Market Manager
synchronises with the MT4/MT5 market watch. You configure the symbols in the Market Manager by
configuring the MT4/MT5 market watch.
On other platforms, you control which symbols are displayed using the
app’s Symbols menu. You can use this Symbols menu to do a number of things:
Quickly switch between
currency-pairs for a particular currency, e.g. all USD pairs such as EURUSD, USDJPY etc
Create a bespoke list of symbols
Save a list of symbols as a
“set”, and then quickly re-load a set.
1.2 Trading from the Market Manager
1.2.1 Placing orders
Clicking on the bid or ask price for a symbol opens a dealing form
with the order-type preset to “buy” or “sell”.
This is the same dealing form used in FXBlue’s very popular Trade
Terminal and Mini Terminal apps. It can be used to load trading templates created in other modules
of the software, or to create new templates.
1.2.2 Quick trade-entry from templates
The Market Manager shares templates with FXBlue’s Trade Terminal and
Mini Terminal apps. You can quickly execute a template by holding down the Ctrl key while clicking
on the bid or ask price for a symbol, and then clicking on the template name:
Please note: templates have an order-type stored as part of their
definition. In this context, the order-type is replaced by “buy” or “sell” depending on whether you
have clicked on the bid price or the ask price.
1.2.3 Closing the entire position for a
You can quickly close all the orders for a symbol by clicking on the
position size. While the mouse is over the column, an icon appears next to the volume to indicate
If there are multiple tickets which make up a position, you can close
individual tickets using the order list.
1.3 Account information
You view information about your account and profitability by choosing
the “Account info” option from the drop-down menu. This displays headline values about the account
such as balance and free margin, and also shows a choice of three key metrics in graphical form
(margin usage, floating P/L, or pips profit).
1.4 Order list
The “open and pending orders” option in the drop-down menu displays a
list of each open ticket on the account, i.e. all open positions and pending orders.
You can close a position or pending order by clicking on its volume,
or you can inspect and order and change its details by clicking on the action such as “Buy” or
“Sell”. This opens an order window as discussed in the next section.
1.5 Order windows
Clicking on a ticket’s action in the order list opens a pop-up window
for that order. You can have any number of these pop-up windows visible at once.
1.5.1 Information about s/l and t/p
The information shown about the s/l and t/p includes not only the
price, but also the distance in pips from the current ask/bid price, and the cash effect on the
balance if the s/l or t/p is hit. (In the example above, the order is substantially in profit and
the s/l is in positive territory, i.e. the worst-case result for this order is now a profit, not a
Please note: when a s/l or t/p is set to a value in pips, it is
measured from the open/current price. For example, a buy at 1.2345 with a s/l of 10 pips will have
its s/l set to 1.2335. (In other words, when creating a s/l or t/p on an order, pip values are
measured from the ask price.) However, the information in the pop-up order window shows how close
the s/l and t/p are to being hit; the figures are measured from the other side of the spread.
1.5.2 Changing stop-losses etc.
The order window lets you change the s/l, t/p or trailing stop as
well as just viewing this information. The s/l and t/p can be set using all the same options which
are available when opening an order, not just a fixed price or a number of pips. (For example, the
stop-loss can be set to a price corresponding to a cash risk of USD 50.)
1.6 Pop-up symbol windows
Symbol names in the Market Manager act as links for opening a pop-up
window showing recent price movements on that symbol. You can open any number any number of these
popup symbol windows.
1.6.1 Symbol information
The pop-up symbol window shows the following information.
Current price versus the high-low
range over the last 60 minutes, 24 hours, and 5 days.
Recent H1, M15 and M5 candles.
The current volume and
profitability of any open position in the symbol.
This is drawn from the data in your trading platform,
and there can be a short delay before all the information appears if the historic data needs to be
downloaded from the broker’s servers.
Please note that the gauge for the last 60 minutes is not the same as
the current H1 candle. The former runs from e.g. 10.23am to 11.22am whereas the current H1 candle
runs from e.g. 11.00am to 11.22am.
The symbol window can be switched so that it shows very recent price
activity instead of the candles, using the button highlighted in the following screenshot. This is
not a tick chart; it is a 500-millisecond chart which continues updating even if there is no market
1.6.2 Trading from the pop-up symbol window
You can carry out three trading actions from the symbol window:
Close an open position (if any)
by clicking on the volume.
Open the standard dealing form by
clicking on the Buy and Sell buttons in the top-left and top-right corners
Quickly execute a saved template
by holding down Ctrl while clicking on the Buy or Sell buttons.
1.7 Pop-up menu for symbols
As well as clicking on any symbol name in the Market Manager, you can
also hold down the Ctrl key while clicking. This displays a pop-up menu with the following options:
1.7.1 New-chart option on MT4
On MT4 only, the pop-up menu contains a “New chart” option which
opens a new chart for the selected symbol. If there is a template in MT4 called “Marketwatch” then
this is automatically applied to the new chart. (If not, the default template will be used.)