By // icefx.eu
Quick Position Management
The software can be used to manage position(s) easily. For example if you want to open or close a
position, you can do it all with IceFX’s TraderAgent with only just one mouse click. Say goodbye to Metatrader’s Order Window!
Risk-based lot calculation
You can specify the maximum risk you want to take and TraderAgent will calculate the trading
volume (LOT) of the position based on your preset.
When you have open position(s) and the market direction is going into your planned profit area, you may want to pull StopLoss to the opened position’s price (you’re passing breakeven point with 0 profit & 0 loss). All this process could be delivered by TraderAgent with your one single click.
When you’re trading and you may think the market could turn opposite to your trading plans, with one click the existing position will be immediately closed and open a new, contrary position with the same LOT size. With this option TraderAgent can reverse the last trade.
Close all function
If you have more than one position open (for example you’re in building positions or because of grid strategy), and at the same time you want to close all positions, you can simple close all with one click on “Close all” button on the control panel.
Main Window of TraderAgent :
1. Main window
Buy: opening long position(s) with the LOT quantity displayed in the “Buy” box.
Sell: opening short position(s) with the LOT quantity displayed in the “Sell” box.
Partial: Part-closure is performed on the last position.
Close all: Closes all open position(s) at once.
Breakeven: If it’s possible pull the latest position(s) StopLoss (SL) to zero.
Reverse: It reverses the last open position. This option closes the current position and opens an
inverse position in the same size.
2. Dashboard window
Displays the current bid and ask prices, the current spread, the daily movement, MA, CCI, RSI,
Stochastic indicators signs and the strength of currencies in any time frame.
3. Profit info window
Displays the daily/weekly/monthly/yearly profit in pips and in main currency.
4. Account info window
Displays the current balance, margin and drawdown. In addition it shows the current opened
position(s) & current profit(s). The average price of multiple open positions is displayed in the “Avg” line.
5. Order list window
In this window you can check the open position(s). Usually the last opened is always on the top.
With the red “X” in on the front of every row the desired position could immediately close. Also
when a row is highlighted & you click the “Order Properties” window you’ll get the details of chosen position.
6. Order Properties window
This window displays details of the selected position. On the right there are function keys for
managing the particular position. With “Breakeven” you can drag the position to zero for keeping
the profit. “Partial close” is for partial closing of the particular position. With “Reverse” you can close the current position and open a new one in the opposite direction. “Close” button is for closing the position. With TraderAgent Pro version you can open a hedge position with “Hedge” button. With “Grid Off / On” you can turn on the “Grid Mode” function on the selected position. The “X” button (displayed in the upper right-hand corner) closes the actual window.
Guide(line)s are for StopLoss, TakeProfit, Breakeven and Partial-closing adjustment. Just doubleclick the selection, and then “drag-n-drop” to move the line to the desired value.
8. Remaining time to next candle shift
Remaining time to next candle shift (in hours:minutes:seconds format)
9. Pivot lines
IceFX’s TraderAgent displays the pivot levels. The display can be switched off in the settings.
You can use some settings with one single mouse click through this toolbar.