QB TradeManager for MT5 Documentation
Positions Open is used for open positions in the market (Instant Execution). The advantage of the interface is that after setting the desired criteria, the position can be open with one click.
The window is divided into 3 zones that are marked in the picture below:
From area 1 can be selected the symbol that we wish to open the position on, but also the volume.
The available symbols are the the ones in market watch , so if you want to see a certain symbol in the symbol selection field, it has to be added in the Market Watch window of the MetaTrader.
The spread is taken from the platform.
Also in area 1 you can see the two buttons, Buy and Sell, that open the position in one click.
The command to Buy or Sell must be executed only after you checked that all specified parameters are correct.
After pressing any of the buttons you will receive a message that announces you the success or the error, if any.
Area 2 is destined for setting the money management parameters, like the Stop Loss and Take Profit levels, as well as the lot size. Each parameter that is to be calculated has to be have a checkmark in the front.
Setting up the lot size can be done in multiple ways. One if these is to establish a percentage from the Balance or Equity or choosing an amount of money so that the margin corresponding to the calculated lot won’t exceed the specified amount.
Setting up the Stop Loss
The Stop Loss level can be calculated as a percentage from the Balance or Equity, or in money but also in pints.
Setting up the Risk Reward
By choosing a value for this one the Take Profit will be automatically calculated by multiplying the Stop Loss with the specified value.
Setting up the Take Profit
Can be done the same way as for the Stop Loss.
There are two more buttons visible in area 2 : Calculate Values and Auto Calculate.
Calculate Values calculates instantly the values of the Stop Loss, Take Profit and volume if the user desired this by checking the box in the font of these options. This button is useful when Auto Calculate is Off.
When Auto Calculate is on , the Stop Loss and Take Profit are being updated each second.
This area is used to display the prices where are the Stop Loss and Take Profit levels, but also these levels in points. If Auto Calculate is off, then these fields are available for manual editing.
The Positions Modify interface is used to alter the Stop Loss and Take Profit levels for existing positions.
The interface is divided in 4 areas that are framed in rectangles and numbered.
Area 1 displays open positions.
Area 2 is complementary to area 1. This area will display the time, the type and the volume, the parameters defining the position.
Within area 3 the user can set manually the Stop Loss and Take Profit. These fields will be automatically filled in the case that Move SL or Move TP from are 4 are checked.
Within area 4 the user can set the Stop Loss and Take Profit the same way as in the Positions Open interface.
After all desired changes are input, press Execute. Upon pushing Execute, you will get a message that will inform you if the modification of the position was made successfully or there was an error that appeared.
Position Close is used to close any active position.
The interface is divided in 3 areas.
Area 1 displays the open positions. You have to select the position you wish to close.
Area 2 gives data about the position (time, type, volume). This interface gives you control over the volume field, so that you can perform a partial close.
Area 3 includes two execution buttons, Close and Close and Reverse. Using the Close button the position is closed for the selected volume. Close and Reverse will fully close the position and then reopen it in the opposite direction, keeping the initial volume.
The Orders Open window is used to open orders and is divided in two areas.
Area 1 is for manually setting the specific parameters of the order, and also for opening the order buy pushing the Place Order button
Area 2 is for setting the money management parameters used to calculate the size of the lot, the stop loss and take profit , which are displayed in their corresponding fields from area 1.
These values are automatically calculated after the user sets a value in the edit field, when selecting other values in the drop-down lists from area 2, but also when the Symbol and Type from area 1 are changed.
The order is placed in the market by pushing the Place Order button from area 1; then the user receives a message telling if the order was launched or not.
The Orders Modify window is for modifying orders and is divided in 3 areas.
Area 1 contains the order ticket list , where we have to select the order which we want to modify.
Area 2 contains identification data for the order, but also here we can modify some of the parameters.
Area 3 is used for the calculation of Stop Loss and Take Profit.
When all parameters are set, the user has to press Modify Order in area 2 ; the user will receive a confirmation message.
The Orders Delete interface is used for deleting orders. The windows is divided in 2 areas.
Area 1 is used to select which order we want to delete.
Area 2 contains the order parameters, but also the Delete Order Button.
After pressing the Delete Order button the user will get a confirmation message.
The Risk Info interface has to show the risk, in money or in percentages for orders or positions.
The window is didived in 3 areas.
In area 1 we can can select what we wish to see in area 3, therefore we can select the Positions, Orders or All.
In area 2 we select the calculation mode for the margin, risk and target, either as Percent or in Money.
In area 3 we see the orders and/or positions according to the settings in areas 1 and 2.