Using the Advanced Trader

The "Advanced Trader" tool allows you to enable market dynamics and trade with our customized "One-Click Trading" technology. To access the "Advanced Trader" tool, either click within the "Trading Matrix" window or select the "Advanced Trader" option within the "Trading" menu on the Main Menu, as shown in the following illustration.

The "Advanced Trader" dialog, illustrated below, is displayed.

Advanced Trader Features

You can get quotes, watch market movement, trade, and view your positions for individual markets from the "Advanced Trader" window. 

Generic Trader Professional's technological advances are encompassed in the "Advanced Trader" window.

Note:   The Advanced Trader incorporates One-Click Trading Features.  Please confirm that One-Click Trading is disabled before educating yourself on the "Order Entry" process.  See General Settings for more information.

To Trade with "One Click", you must first Enable "One-Click Trading" from the "Settings" panel on the Main Menu.  By default, the One-Click Trading is disabled.  It is recommended that you only enable it when you are familiar with how the Advanced Trader and the rest of the Generic Trader Professional windows work.  You can double-check this setting by going to the "Settings" Main menu, select the "Settings" panel, and confirming that "Enable One Click Trading" is un-checked on the General Settings tab.

To Place Orders On The Advanced Trader:

• Click the first level of the "Bid Price" to place a "SELL" order at the "Bid Price," or click the first level of the "Ask Price" to place a "BUY" order at the "Ask Price."
• Hold the "Shift" key, and click on any price on the "Bid" side, and you represent that you want to place a "BUY LIMIT" order.  Hold the "Shift" key, and click on any price on the "Ask" side, and you represent that you desire to place a "SELL LIMIT" order.
• Hold the "Ctrl" key and by default, it will place a "STOP" order.
• The default order quantity can be selected directly from the "Advanced Trader" window.

If you place an order, the order will show up automatically in the "Orders" column of the Advanced Trader.  This column will represent "LIMIT," "STOP" and "WAITING" orders.  To determine if the order is a limit or stop:

"BLUE" quantities in the "Order" column represent "BUYs."  "RED" quantities represent "SELLs."  "YELLOW" cells represent "WAITING" orders (the quantity will be colored in "BLUE" or "RED" to indicate a "WAITING BUY" or a "WAITING SELL").

Therefore, it is generally logical to assume that if the "BLUE" quantity is at a price that is at or below the market, it is a "BUY LIMIT."  If it is above the market price, then it is generally a "BUY STOP."    You should always refer to the "Order Book" if you have any questions on the specific order that you  have placed.

Managing Orders from the Advanced Trader

Once you have an order "WORKING" and the order is represented in the "Orders" column, you can click, hold the click button, and drag the order up and down the "Advanced Trader" column.  Let's say, for example, you have a buy order for 3 contracts at 1.5824 on the Euro Currency and an order to buy 5 at 1.5826:

You can drag the quantity of 3 buys at 1.5824 to 1.5826 and the "Orders" column will update to represent that you now have 8 contracts working.  You can move your orders up and down the Advanced Trader to modify their prices.  To add more quantity, simply trade at that price.  If we wanted to add 5 more contracts to 1.5826, we could hold the "Shift" key and click the "Price" field of 1.5826.

To cancel an order, double-click the Order that is represented in the "Orders" column.