Chart Trader for cryptocurrency markets

This guide will help you get acquainted with the Chart Trader module for cryptocurrency markets.

To open the trading module, click on the Chart Trader panel at the bottom right of the chart window (0) or press T, after that the Chart Trader module will appear on the right side of the chart.

Please note that this Chart Trader mode works for the Binance and Bybit exchanges.

1. Account selection menu

If no trading account is selected, you will see a prompt on the Chart Trader panel to open the Connections window to connect your account, it will also provide a link to connection instructions.

2. Margin type setting

3. Menu for placing orders. There are three tabs for different types of orders:

• Limit orders

• Market orders

• A tab for additional orders (it depends on the specific exchange)

You can choose currency equivalents for setting the volume, it is also possible to set the order volume as a percentage of the account size.

• TIF: 

• DAY - until the end of the trading session, 

• GTC (Good Till Cancel)  - until manually canceled,

• FOK (Fill or kill) - the order will be executed immediately or get canceled.

• OCO (One Cancel Other). When one of the orders included in the OCO group is executed, the second one is canceled automatically. When placing one of the orders, at first you will see the price at which it will be placed, i.e. the order is not actually placed and is displayed in yellow. When the second order is placed at the specified price, the OCO option is triggered and both orders are placed automatically at the specified prices (in this case, the orders have already been placed and are displayed in the color corresponding to the order type).

4. Trading buttons

• Buy/Long - a market buy.

• Sell/Short - a market sell.

• Buy Ask  - place a buy limit for the BestAsk. 

• Sell Ask - place a sell limit for the BestAsk.

• Buy Bid - place a buy limit for the BestBid.

• Sell Bid - place a sell limit for the BestBid.

• Cancel Bid - delete pending buy limits. 

• Cancel Ask - delete pending sell limits.

• Cancel All - delete all pending orders. 

• Reverse - reverse the current position, i.e. close the existing position and open an opposite one of the same size by sending an opposite order of double size.

• Close - close the current position and delete all pending orders.

All of the trading functions listed above can be configured using hot keys, you can find more information on setting up hot keys in the article Hot Key Manager.

5. Information

PnL - the result of the open position.

You can change the PnL display type. To do this, left-click on the PnL area. Available modes: 

• PnL in currency 

• percentage

• ticks 

• do not display

FLAT - the size of the open position in contracts/lots. The sign shows the direction of the open position:

• +Long

• -Short

Entry - the price of the open position (it can be averaged if the position has been entered several times).

PnL, FLAT, Entry data are displayed only after opening a position and only for a specific instrument and account!

6. Exit Strategies

You can find out more about exit strategies here: Exit Strategy.

7. Trading from the chart mode.

To trade from the chart, you need to switch the toggle to the ON position.

You can do it by left-clicking once on the Trading from the chart switch or by pressing and holding down the SPACE BAR on the keyboard (this key is configured in the platform by default, but you can configure it as you wish in the window: Hot Key Manager).

There are two modes of trading from the chart, they are responsible for the logic of identifying the type of order and its direction:

• Auto detection (set by default)

• Lclick: buy Rclick:sell.

You can find out more about trading from the chart modes here: Chart Trader.