Here you can find out what are the possibilities for manual trading in Quantower directly from the chart.
Placing orders on the Quantower platform can be done via different panels like Order Entry, DOM Trader, Chart. In this guide, we will show you how to place orders via Chart using the sidebar trading toolbar and mouse mode.
To activate the quick trading toolbar, click on the button in the upper right corner.
The general view of Chart Trading Toolbar may differ depending on the available functions for each trade connection.
This panel will be slightly different for crypto connections, as well as for those that do not allow to create Brackets or server-side Stop Loss / Take Profit orders. For more details about available order types for each connection, please check the Order Types section
How to manage Quick Order Quantity buttons
Quick Order Quantity buttons will help you change the specified volume in one click, based on your trading strategy. You can set by default any parameters that you need to quickly change the values. Moreover, the buttons can change not only the specified position volume, but also apply any (!!!) formulas to calculate the order volume. To set your personal values for a quick change of the order, you need to go to the settings of the chart in the menu section "Order entry" and find the field "OE buttons"
You can set standard values of the order amount, which corresponds to your risks. This is very convenient for manual trading.
Buttons can change not only to a given amount of position, but also apply any formulas
Default volume setting
By right-clicking you can save the default order entry settings for all symbols
Slider to enter the volume of the position in dollars
There are two ways to enter the quantity of a position
Entering an order in lots of a traded symbol or coin - this was described above
Entering the amount of money planned to purchase that asset.
It is important to remember that if you use margin trading, the result is counted taking into account the leverage.
This example is for crypto markets
For example, at the moment you have $82 on your account and 10 leverage is set. It means that you have $820 available balance for trade. This is what you can see in the example.
How to set up Profit and Stop orders
Then you can set automatic stop loss and profit in pips. It's very convenient to set the lot size and protect it. Specify your values in the appropriate fields.
Some brokers such as Binance do not allow stop orders for limit orders. (Until the position is NOT open) In this case, use limit orders of the opposite direction
Use the Qquick Ttrade toolbar
Set your values for stop loss or profit. You can also use any one parameter only.
Use the button to activate the trade with the mouse to set a limit order
If you execute an order at market, the specified stop parameters will retain their values and will be set immediately.
How to set up several Take profit and Stop Loss orders for one position
This example is for connecting a CQG/AMP
To set multiple stop orders for a single position, do the following Switch the bracket (stop) settings to multi mode
Enter data for setting the first limit orders and how many lots or coins should be closed
For the next stops, enter similar data on the next line.
You can set orders in multiples of your total volume
A set of buttons for quick order and position management
Next comes a block of buttons for quickly placing an order into the betting slots at the appropriate price.
2. Next comes a large block of functions for managing the current position. You can delete or limit orders or stops. You can also reverse your position with one button or set it to no loss. These are very functional buttons, do not miss them.
Quick order entry
How to open Quick order entry
To access the quick trade toolbar, click the button in the upper right corner.
Allows you to set limit and stop limit orders directly on the chart. To activate this function, click on the button in the upper right corner of the panel with the image of a mouse icon
To place several orders in a row hold down CTRL
If the mouse position is higher than the current price then
right click of the mouse will set a limit order
left click of the mouse will set a Buy stop market order
If position of the mouse is under the current price then
right click of the mouse will set Sell stop market
right click of the mouse will set Buy limit order
How to activate trading with hot keys
To access the quick trade toolbar, click the button in the upper right corner. If you don't see this button, turn it on in the settings
You can set your own values for the hot buttons in the chart settings