In Overcharts you can trade directly from chart and then:
To enable chart trading you also need to activate Trading in the Workspace by pressing TRADING button at the top right of Workspace window
Once trading is activated in the Workspace, enable chart trading in one of the following ways:
When chart trading is enabled, Bid/Ask columns (blue and red in the image below) are shown in the chart window to be used for placing orders, and Trading Panel (where you can set all parameters of the order to be placed):
You can trade ONLY the window main chart, i.e. the one identified by symbol at the top left of chart window. In other words, if in the same chart window there are multiple overlapping charts (even of the same instrument), you will be able to trade ONLY the main chart.
Chart Trading uses Trading-Panel to place an order. Trading-Panel contains all order information: Type, Quantity, TIF etc. Trading-Panel also displays information on account/instrument current position and allows to close or reverse the position, cancel all orders of a specific instrument, and many other functions. For more info on Trading-Panel, see the page: Trading Panel
To place an order, please follow these steps:
1. Set order type corresponding to the mouse left and/or right click according to the order to be placed. In Overcharts there are 2 macro categories of orders: LIMIT ORDERS (which include limit, iceberg, market if touched etc. orders) and STOP ORDERS (which include stop, stop limit, trailing stop, trailing stop limit etc. orders).
Available order types may change depending on data feed
To place a LIMIT order, select “LMT [Limit]” order type in the combo-box associated with mouse left click.
To place a STOP order, select “STP [Stop]” order type in the combo-box associated with mouse right click.
Then define whether it is a Single, OCO, OSO or Bracket order (for more information see Trading-Panel page).
2. Set order quantity, and TIF (Time in force)
3. If the order is a buy order, go over the BID column (blue in the image), then:
If the order is a sell order, go over the ASK column (red in the image), then:
If with left mouse button (limit order) you click on areas highlighted in yellow, the limit order will most likely be executed immediately. For some traders this could be an inconvenience. To prevent placing limit orders by clicking on areas highlighted in yellow, deselect ‘Allow Left Click Above/Below market‘ property in Chart Trading Settings window (see below for a detailed description).
Once placed, the order is displayed on chart with a label:
Working orders are displayed on chart ONLY if chart trading is enabled! If trading is disabled in the chart or workspace, working orders are NOT displayed
You can modify a working order price, in one of the following ways:
You can modify a working order quantity (if allowed), in one of the following ways:
You can cancel an order, in one of the following ways:
To cancel all orders in the Chart or just buy/sell orders, press corresponding buttons on Trading-Panel. For more information see Trading-Panel page.
You can place a MARKET order, i.e. an order to be executed immediately at the current Bid or Ask price depending on whether it is a sell or buy order respectively, in one of the following ways:
You can close or reverse current position:
Both functions also cancel ALL working orders of instrument/account. For more information, see Trading-Panel page.
You can display filled orders on chart in the form of arrows indicating bar and execution price. You can also choose the arrow style and whether to display only buy or sell orders (see chart trading settings below).
To display filled orders you need to enable trading both in the chart and workspace
To show/hide all filled orders:
To disable trading on a chart:
To disable trading in the Workspace, press TRADING button at the top right of Workspace window.
You can customize chart trading using properties available in Chart Trading menu (top right of chart window) > Settings.