Trading Settings

Brief

The article explains how to set trading modes and relating settings.

Details

The trading modes can be Default(Click and Confirm), One-Click, and Double-Click. The Default(Click and Confirm) mode requires confirming of your choices in a dialog box. The other two do not, but may require specifying certain parameters and settings prior to being able to use them.

To set a trading mode

1. Do one of the following:

• On the toolbar, click Trading Settings.
• On the toolbar, click Trading, in the menu that appears, point to Dealing Rates, and then click Trading Settings.
• If a chart is opened in the Trading Station, on the toolbar, click Chart, in the menu that appears, point to Trading, and then click Trading Settings.
2. The Trading Settings dialog box appears.
   
   
   
   
3. Under the Mode heading, click a trading mode of your choice.
4. In the Order Type box, click an order type of your choice. If you click Market Range, in the box to the right, type or select a range value of your choice.
5. In the Market Orders Time In Force box, click a time-in-force option of your choice.
6. To add a stop or limit order to future market orders, select an appropriate Stop or Limit check box, and then, in the Stop or Limit distance box, type or select a value of your choice in pips to calculate the stop/limit order values.
   A stop order can be set as trailing: in the Trailing box, click an option of your choice. If you click Fixed, in the box to the right, type or select the step size in pips.
7. Click OK.
8. The Disclaimer dialog box appears.
   
   
9. Read and then select the I accept the terms of this agreement check box to confirm that you accept the conditions of trading in one-click or double-click trading mode.
10. Click OK.
    
    

Once you set the trading mode to One-click or Double-click, a red (with 1 on it) or blue (with 2 on it) square label respectively appears in the title bar and in the Dealing Rates, Accounts, Open positions, and Summary windows.