ACM Advanced Flash Trader User Guide

A. NAVBAR: Application menu
B. STAGE: Application desktop

1. WYCIWYG Trading Boxes: one box for each currency pair. View real time bid/ask rates. Click on the BUY or SELL to execute a trade.
2. Application message: Live information about orders, news, application events.
3. Position List (detail): Real time summary view of all open positions. Place orders linked to the selected position or close selected position.
4. Order book & Trade log: View real time information of all open trades, as well as trades that have been closed out during the selected period. Cancel or modify orders.
5. Order box: The control which manages orders execution.
6. Market News: The control containing the latest news published.
7. Account Summary: Real time account Information.

1. Layouts: Save, update or delete custom layout.
2. Trading Floor: Orders, Positions and Quotes.
3. Instruments: Available Instruments.
4. Others: Log, Account summary, News, Charts, Econoday, Settings
5. Reportings: Account reports, transaction summary.
6. Alerts: Settings for message show (bottom right Alerts).

PS: - All rounded icons can be dragged from the Navbar into the Stage.

The control made to place a market order (Spot).

Display positions details:

Display positions group by Asset (Instrument).

Display pending orders.

Display discarded orders.

Display Executed orders.

Where the client create Orders
(Stop, Limit, Trail, OCO, If Done, If Done OCO, Advanced Order)

Live trading quotes

Your account details:

1. Account Balance: The quantity of money resulting from the sum of all deposits and realized gains less all withdrawals, realized losses, costs and fees which have been booked on the money account.
2. Open Profit & Loss: The net P&L of all open positions, calculated at the current rate. This amount changes as the rates fluctuate.
3. Available Equity: Represents Account Balance plus the sum total of current unrealized gains/losses.
4. Max. Deal Available: The maximum position expressed in the reference currency of the client that the margin balance will allow to trade. At 1% margin, this represents 100x the current margin balance, if no position is open.
5. Margin Level: The available margin represents the ratio between the Available Equity and absolute sum of all open position. This ratio is expressed in percent.
6. Open positions: Quantity of open positions.
7. Number of open orders: currently number of open orders

History of platform log.

Windows for charts management.

This control is composed of a folder containing the latest published news.

Forex economic calendar

A market order (Spot) is an order to buy or sell at the current market best. Customers using Flash's online trading platform click on the buy or sell button after having specified their deal size. The execution of the order is instantaneous; this means that the price seen at the exact time of the click will be given to the customer.

The most common way to place a market order (Spot) is to use the WYCIWYG box. The real time bid/ask prices appear in the trading box for each currency-pair. A client has just to click on the current bid or ask offer for executing the trade.

WYCIWYG (What you click is what you get) embodies the concept of total price transparency and permits the retail fx trader to shed the large hidden costs which the great majority of forex dealerships charge their customers in the form of slippage. “What you click is what you get” means that when a customer clicks on a price, that price is “captured” as the execution price and therefore even if the market moves subsequently, the customer still gets the price he chose, always. WYCIWYG execution erases all slippage from trading activities.

A Message Alert confirms the deal was executed or refused, and contains the reason for which the trade has not been executed.

The client chooses the desired type of order in the Order Box Control.

A limit order is an order placed to buy or sell at a certain price. The order essentially contains two variables, price and duration. The trader specifies the price at which he wishes to buy/sell a certain currency pair and also specifies the Expiration Type that the order should remain active.

GTC (Good till cancelled): A GTC order remains active in the market until the trader decides to cancel it. The dealer will not cancel the order at any time therefore it is the customer's responsibility to remember that he possesses the order.

GFD (Good for the day): A GFD order remains active in the market until the end of the trading day. Since foreign exchange is an ongoing market the end of day must be a set hour. The end of the trading day occurs at exactly 23:00 CET or 22:00 GMT.

Placing trailing stop orders is similar to a normal stop order with the difference that additional order parameters are prompted to specify Trailing Points, which is the number of pips from the current rate at which you want the stop loss order to be executed. The advantage of a trailing stop is that the order automatically “trails” the rate if the position moves in your favor, offering the potential for greater gains while still guarding against price declines.

Technically speaking, the only difference with a normal stop order, is that the stop price changes as the rates moves in your favor.

We have an internal policy which rejects all orders which are not placed at minimum distance of 4 times the spread relative to the actual price.

At this level, we will present the use of related trade orders to link orders together to create more complex trading strategies. OCO (order cancels others) and IF DONE orders (also known as slave orders) are typically used in that context.

An OCO order is a mixture of one limit- and one stop order. 2 orders with price and duration variable are placed above and below the current price. When one of the orders is executed the other order is cancelled.

We have an internal policy which rejects all limit/stop orders which are not placed at minimum distance of 4 times the spread relative to the actual price.

Two-legged order whereby the second single order is placed only upon execution of the first single order.

This kind of order allows the trader to execute its strategy without being all the time behind his computer.

We have an internal policy which rejects all limit/stop orders which are not at minimum distance of 4 times the spread. In the case of an IF DONE order, the check in the DONE section is made relative to the price in the IF section.

This is a variation of the IF DONE order whereby an OCO is placed after the order in the IF section has been successfully executed.

Each pending order can be canceled or edited in order to modify some parameters. From the view "Order book & Trade Log", right click on the order and select the appropriate action.

1. Modify order: All the information are sent to the Order box control.
2. Cancel order: click to cancel the order.

Or the Client can drag the order into the Order box control ant then modify it.

A position is called "open" if it has not been offset by an equal and opposite deal. An open position is defined primary by quantity of the underlying instrument (or asset) and the price at which it was opened.

An open position can be long if the trader bought the underlying asset or short if he sold that position. Note that, an asset can be sold before being bought.

A long or short position can be closed or reduced but not increased. If a client wants to increase its exposure on an instrument, a new position will be created.

Each open position is displayed with corresponding unrealized Profit & Loss (or open P&L).

Normally, all positions on a specific instrument are opened in the same direction (long or short). For example a client can only have long positions on EURUSD, but not simultaneously long and short positions. If the client decides to place a trade in the opposite direction than the actual exposure, some open positions are getting closed or reduced. If no instruction has been given, the oldest open positions are getting closed first, following the FIFO (First In First Out) rule.

FIFO rule is not followed when an order is linked to a given open position. When a linked order is executed, its linked position will be closes or reduced.

One of the specificity of the Flash Trading Platform is the possibility to manage many open positions in the same currency pair.

1. Close position: click to close the position.
2. Select or Multi select: ctrl + click or shift + click.
       Select All: ctrl + A
3. Close positions: close all selected positions.

A new (open) position is created when the execution of an order increases the exposure on the traded currency pair. In the example above, many buy orders have been executed on the GBPUSD. Each of these orders has generated a new position. The calculation of the P&L is specific to each position and is relative to the entry-price of that position.

When the execution of an order reduces the exposure on the traded currency-pair; the FIFO (First In First Out) rule will apply, and the oldest position on the traded currency-pair is closed or reduced. If the amount of the order is bigger than the amount of the closed position, the next older position is reduced or closed. This process will continue as long as the entire amount of the order has not been booked. If all positions are closed and there is still an available amount which has not been booked; it means that the order reverses the exposure from long to short (or from short to long), a new position with the residual amount will be created in the opposite direction.

The section Linked order describes how to close a specific position among all positions listed in this view.

A consolidated view of all positions can be displayed by selecting the menu-item 'Open Positions (summary)' in the 'Forex View' menu. This view shows exactly one entry for each currency-pair. The average open price and the p&l (profit and loss) are calculated for each consolidated position.

1. Close position: click to close the position.

Orders linked to an open position are called Linked orders. It means that the execution of linked orders will only affect the linked position by closing it. Linked orders are easily configured by the client. The client just has to select a position in the list of all open positions by right-clicking on it and selecting the appropriate order type to close that position.

Or the Client can drag the position into the Order box control and then choose which order he wants to place.

1. Create layout: Enter a name in the input text field and click the save button.
2. Load layout: Click to load the layout.
3. Update layout: Click to update with the current layout.
4. Delete layout: Click to delete the layout.