Pepperstone cTrader Web – Chart Trading
Posted on: 03 July 2014 , by: Pepperstone Support , category: cTrader
Chart trading is a fast and easy way to keep track of, and manage your open positions and pending orders. To use chart trading, you need to first make sure, that the positions and order options are selected from the chart view options.
When you open a market order, the position line for that order will appear at your entry level on the corresponding chart; hovering over, or clicking on the line will show you additional information for the position. The first number you’ll see shows you the volume or the amount you are trading and the arrows tells you whether the order is buy or sell order. You’ll also see the current profit or loss for the position in pips, and next to that, the profit or loss in your base currency.
The TP and SL bars that you see directly above and below the position line are your stop loss and take profit, which are freely movable to change your order. To modify your stop loss and take profit levels, simply click on the left side of the TP or SL and drag upwards or downwards. Once set, the SL and TP bars will show you the potential profit and loss in pips and your base currency. For limit orders, and stop orders you are also able to move the order entry point to a different level – you can move this line up or down to set it to that new price.
Moving the mouse cursor away will hide most of the information on the position line. To keep this information showing just click once in a line and the information was still be apparent even after moving a mouse away. Clicking on or hovering over the line, will also highlight the corresponding position in trade watch, this also works in other way around, so moving your mouse a position in trade watch also highlights a corresponding line in the charts. To close a position line or limit order in the chart, just click “x” on the position or order line.