Met a Trader User Guide

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ProFXBroker DirectUSER GUIDE

FOR METATRADER 3.83

www.profxbroker.com

for more information please email:[email protected]

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CONTENTS

page

Opening an account .................................................................................. 3

Server and account settings ....................................................................... 5

Changing password ................................................................................... 5

Events setup .............................................................................................. 6

Authorisation .............................................................................................. 6

Market Watch .............................................................................................. 7

Navigator ........................... ........................................................................ 8

Terminal ..................................................................................................10

Charts ..........................................................................................................13

Graphical instruments ................................................................................ 16

Indicators ................................................................................................... 17

Trading - open positions and pending orders ............................................ 19

Closing positions and deleting pending orders .......................................... 21

Setting, editing and deleting Stop Loss and Take Profit orders ................ 22


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Opening an account

Download PROFXBROKER DIRECT from our site, www.profxbroker.com on the Online TradingSystem page and follow the Download Instructions. Once the download is completed go to thefolder in which you saved the file and double click on the setup icon and follow the on-screeninstructions. When the setup is completed a shortcut will be installed on your desktop, just doubleclick on this new icon and you will be asked to register for a demo account.

When filling in the form you can choose the value of the Leverage and your initial Deposit . Thedefault amount of money allocated is $5000, however, you can change this amount when you firstregister your account. If, at any time after registration, you wish to add more money to youraccount you can do so by emailing [email protected] , stating your account number and theamount of money you wish to add.

You can choose the Account Type :

forex only miniforex only

You also must tick the I accept to subscribe into your news letters .

Please fill out all the fields marked * and click register - you can set up an unlimited number of

demo accounts. A new window will then pop up giving you your account number and password(please keep these for future reference).

PLEASE NOTE: You will need to provide a valid email address to open a ProFXBroker DirectDemo account.

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If a new demo account was not registered successfully, the message Can not allocate anaccount! will appear.

In this case, it is recommended that you check your Internet connection, your firewallconfiguration and/or the client terminal options.

You can also open a demo account by selecting the ' Tools - Options ' menu, by key combination'Ctrl-O ' or by clicking the button : .

The following window will appear:

Select Open an Account and fill out the details as mentioned above. You can open an accountfrom the Navigator window by selecting Accounts , by right clicking the mouse or by selectingOpen an Account from the scroll-down menu.

PLEASE NOTE The demo account will allow you to trade for two months. While the demo allowsyou full access to instruments and trading procedures as if you were already a customer with us,this account is for demonstration purposes only.

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Server and account settings

To set up PROFXBROKER DIRECT you should select Tools - Options or use the keycombination

Ctrl - O or click the button: . The following window will appear:

To connect to ProFXBroker Direct, in the server box you must enter the IP address66.151.194.180:1950 (as shown above).

When you check Enable DDE the quotes coming to PROFXBROKER DIRECT can be used in anexternal programme using the dynamic data exchange protocol.

Your account number (or login) and the password allocated to you when you register for anaccount should be entered in the account settings. This information will be saved when you checkKeep personal settings and data option.

Changing Password

You can change your password by selecting from the server settings window the Change thePassword button.

You should enter the existing password and then your new password twice and keep the detailsof the new password.

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Events setup

The event setting allows you to allocate a specific sound to each event (this can be any .wav fileon your system). To disable the sounds uncheck the Play events box.

Play events - sounds on or off

Select - select the .wav file for each event for which you wish to allocate a sound

Play - play the chosen sound

AuthorisationAuthorisation, i.e. password access to the account, will be automatic if the Keep personalsettings and data option was checked. In this case, when you next sign in to ProFXBroker Directthe following window will pop up, allowing you to connect to the account on which you wereworking the last time you signed into ProFXBroker Direct. If you have not checked the Keeppersonal settings and data you will be prompted to enter the login and password and will haveto do so for each account you wish to access.

Authorisation can also be performed from the Navigator window under the Accounts groupmenu, thereby allowing you to switch from one account to another.

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Market Watch

Market watch can be enabled/disabled by pushing the key combination Ctrl - M , from the mainmenu View - Market Watch or by clicking the button in the top toolbar.

The list of the instruments selected is placed in the Market Watch window. To change theinstruments that you wish to view, click with the right mouse button in the area of this list and anew window will appear as below:

Here you can either select Show All Symbols enabling you to view all accessible instruments oryou can select Show Symbol and choose which instruments you wish to view - these areseparated into categories such as Futures , CFDs , etc. Aside from the bid/ask price you can also

select what other information you wish to view, i.e., high/low or time (of the last update of theprice). You can also exclude some instruments from your Market Watch by selecting HideSymbol or by clicking the Delete button. In this case, the prices will show only for the instrumentsselected. You can change the order of the quotes window view by selecting the instrument youwish to move and dragging it to where you wish it to be.

You can trade from within the Market Watch by double clicking on the instrument you wish totrade, which will bring up the order window for the instrument requested, or by right clicking andselecting New Order or pressing F9 , both of which will bring up the order window where you willneed to select the instrument for which you wish to get a quote.

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You can view the Popup Prices by right clicking in Market Watch or by pressing F10 . You areunable to trade in this view, however, it will enable you to set your viewing preferences when justmonitoring the prices by right clicking anywhere in the window and selecting Properties .

Navigator

The Navigator window can be enabled/disabled by using the key combination Ctrl - N from themain menu, View - Navigator or by clicking the button on the toolbar.

The Navigator section consists of 3 parts: Accounts , Indicators and Expert Advisors all ofwhich can be opened by clicking on the + sign next the corresponding group.

The Accounts section shows all the accounts being used in ProFXBroker Direct. Double clickingon one of the accessible accounts will allow you to switch from one account to another. You canalso switch between accounts by right clicking on an already available account and selectingLogin , where you will need to input the relevant login and password. You can delete an accountby selecting it and clicking Delete .

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There is a list of technical indicators available in the Indicators group. By double clicking on theselected indicator you can add it to the current chart. You can also insert or delete indicators fromthe main menu ( Insert - Indicators ).

You can use the custom indicators to make customised indicators according to your own rules.

Expert Advisors can be used to make the trading process automatic thus freeing up the traderfrom continuously watching the market. Expert Advisors allow you to connect signals generatedby trading systems to your account enabling you to manage your open positions, orders and stopsby using the Expert Advisors.

Please note: ProFXBroker Brokers Ltd offers technical support in the use of expert advisors.

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Terminal

The terminal window can be enabled/disabled from the main menu ( View - Terminal ), by pushingthe key combination Ctrl - T or by clicking the button of the toolbar.

The information shown in the terminal is grouped into several sections:

Trade

In the Trade section, you can find the information on the current status of your account and thelist of any open positions and/or pending orders.

The following options are available:

New order - option to place orders.

Modify or Delete Order - modify the levels of Stop Loss or Take Profit orders, change the levelof a Pending Order or delete a pending order.

Auto Arrange - automatic setting of the columns when changing the trading terminal windowsize.

Profit as Points - show the profit/loss in pips or in dollars.

Show on the Charts - show/hide levels of the open positions, pending orders, etc. on thecharts.

Comments - show/hide the Comments column.

Grid - show/hide the grid to separate the columns from each other.

News

The news section is currently enabled in ProFXBroker Direct.

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Account History

The list of the deals made on the current account is placed In the Account history section. Byright clicking a window will pop up and you can select which time scale you wish to view.

All History

Last 3 Month

Last Month

Last Week

or only Today 's history can be shown

The selection you choose can be stored on the hard disk as a report in HTML format by selectingSave as Report . Once you have saved the report in your chosen folder, the report will open onyour screen automatically.

Auto Arrange - automatic arrangement of the columns when the trading terminal window size ischanged.

Comments - show/hide the Comments column.

Grid - show/hide the grid to separate columns from each other.

Alerts

The list of the defined signals is in the Alerts section. Having set an alert ProFXBroker Direct willalert the trader by giving out a sound signal when the chosen condition is fulfilled.

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The following options are available by right clicking in the Alerts in the alerts menu:

Create a new Alert

Modify already existing alert (same as double clicking on alert)

Delete existing alert

Freeze/Unfreeze - the same as switching on or off an alert

Auto Arrange - automatic arrangement of the column width

Grid - show/hide the grid to separate columns from each other.

You can set any file type (.wav, .exe, etc.) to run when the alert conditions are met.

Symbol - instrument

Condition - (time, bid, ask)

Value - relates to the condition

Event - event that will occur when the conditions of the alert are met

Enable - enable/disable the alert.

Mailbox

The list of all messages that are sent by ProFXBroker are stored in the Mailbox section. Thecontent of the message can be viewed ( View ) or the email can be deleted ( Delete ). You can alsoview the content of the message by double clicking on the selected message.

Journal

The list of users and any actions performed in ProFXBroker Direct during the current session canbe viewed in the Journal section. Deals, the used advisor experts, information on their operation,information on the operation of the client terminal are all stored here.

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Charts

By right clicking on any of the charts the following window will appear:

Indicators - opens the indicators window

Periodicity - selecting the time period for the charts

Template - a sub menu will appear where you can load a pre-saved chart template (settings and

indicators) by selecting Open Template or save the current chart settings as a template byselecting Save Template

Refresh - you can refresh the chart by selecting Refresh or, by selecting Erase & Refresh , youcan erase the local quotes base and automatically download any new/amended quotesbase/history from the server.

Auto Arrange - arrange indicators in the chart

Grid - show/hide the grid in the chart

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Volumes - show/hide the chart of volumes

Zoom In - increase the size of the bars in the chart

Zoom Out - decrease the size of the bars in the chart

Delete Indicator - (active only when the mouse clicked on the indicator shown under the pricechart);

Save as - save the chart in a selected format (*.CSV,*.PRN,*.HTM)

Print Preview - preview before printing

Print - print the chart

Properties - as shown below

Background - the background color

Foreground - the color of time scale and that of price scale

Volume - the color of the volume chart

Grid - the grid color

Graph - price charts color.

Hot keys for the chart window:

Left and Right cursor arrows - scroll the chart to the right and to the left

Home and End allow to move to the beginning and to the end parts of the chart

+ and - - will increase or decrease the size of the bars in the chart

Alt+1 - show the chart as Bars

Alt+2 - show the chart as Candelsticks

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Alt+3 - show the chart as Lines

Ctrl+G - grid on/off

Ctrl+L - volume on/off

Ctrl+A - auto arrangement of indicators

Ctrl+I - open the window of indicator

Ctrl+S - save the chart in your selected format (*.HST,*.CSV,*.PRN,*.HTM)

Ctrl+P - print chart in black and white

Delete - delete the last object added to the chart

Backspace - delete the last object added to the chart

F7 - opens the window of the active expert setting

F8 - opens the window of the chart or indicator setting.

How to work on the chart using your mouse:

you can move the chart in different directions by clicking the left mouse button and moving ithorizontally

you can change the vertical scale of the chart by clicking the left mouse button in the chart pricefield and moving it vertically

you can change the horizontal scale of the chart by clicking the left mouse button in the chart datefield and moving it horizontally

you can select an object by double clicking the left mouse button on it (trend, line, symbol,

fibonacci) you can edit the selected object by clicking the left mouse button on the selected object and then

moving it

you can create a parallel trend line by Ctrl + clicking the left mouse button on the selected trendand dragging the mouse to where you wish to place the parallel trend

You can open the object setting window by right clicking on the selected object

You can also access in the top tool bar the following tools for the charts:

Bar

Candelesticks

Line

Zoom in

Zoom out

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Open template (chart and indicator settings)

Save profile (chart and indicator settings)

By clicking the button after a new quote the chart will be automatically moved to the left

By clicking the button the right margin of the chart is not attached to the right side of thewindow, but it is in the middle of the window

Graphical instruments

You can add different symbols and lines to the chart. You can use the Insert menu or the top toolbar to add lines and symbols. You can delete lines and symbols one by one, starting with thelatest one added, by using the BackSpace button or by the Charts menu. You can also delete allthe lines and symbols using the Charts menu.

You can edit the objects in the following way:

select the object by double clicking on it, right click and select Properties (the selected object canalso be moved and deleted out of turn). You should note that the current selected object will notbe unselected when selecting the next one: it should be unselected by repeated double click,otherwise, when you select the object to edit you will have to fill in the properties of all objectsselected. The selected objects can be moved independently from each other.

the Crosshair allows you to position the mouse cursor exactly in the chart

Vertical Line Horizontal Line Trend Line Andrews Pitchfork Gann Fan

Fibonacci Fan Fibonacci Arcs Fibonacci Retracement Symbols Text To

add a vertical or horizontal line, select the corresponding button and click on the desired place inthe chart.

To add the trend line or Fibonacci retracement select the corresponding button, click the mouseand without releasing it at the first point of the trend (at the start point of the retracement), movethe cursor to the second point of the trend (to the end point of the retracement) and release themouse button.

To make the canal line, push Ctrl + click the left mouse button at the selected trend . Move themouse without releasing the button. A new trend parallel will be created where you place the

cursor. To add the symbol you should click the button . The following menu will appear:

Select the desirable symbol. Then click on the desired place in the chart.

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To add the text in the chart:

click the button

click on the desired place in the chart

double click Text , a text box will appear

right click the mouse above the text box and select the Properties and the following window willpop up:

edit the text properties. Press OK

double click the mouse on the text to unselect it. The outline should disappear.

Indicators

You can add indicators for technical analysis to the chart using the Navigator window, orindicators window (menu Insert - Indicators , Ctrl+I ) or by right clicking on the chart andselecting Indicators . The following window will appear:

All indicators available in ProFXBroker Direct are in the Available group, and those you havechosen to view in the chart are in the Selected group.

To add an indicator to the chart, select it in the Available group and click the button. Theindicator setting window will appear. Set its parameters (if necessary) and click the button.The indicator will appear in the Selected group. After the indicators window has been closed thisindicator will appear in the chart. To delete an indicator from the chart select it in the Selected

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group and click the button. The indicator will disappear from the Selected group. Whenusing the same set of indicators, you can use a Template. Once you have set indicators in onechart, select Template - Save Template in the Charts menu. To use the saved set of indicatorsin another chart, select Template - Open Template .

Indicators available in ProFXBroker Direct: Accumulation/Distribution

ADX

Average True Range

Bollinger Bands

Commodity Channel Index

DeMarker

Elder-rays

Envelopes

Force Index

Ichimoku Kinko Hyo

MACD

Market Facilitation Index

Momentum

Money Flow Index

Moving Average

Moving Average of Oscillator

On Balance Volume

Parabolic SAR

Relative Strenght Index

Relative Vigor Index

Stochastic Oscillator

Williams Percent Range Williams Alligator

Awesome Oscillator

Accelerator/Decelerator Oscillator

Fractals

Gator Oscillator

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Trading - open positions and pending orders

Opening a new position or placing a pending order can be performed in several ways:

Tools - New Order in menu or F9

Double clicking on the price rate in Market Watch

Right clicking on the trade window in the Trade section and selecting New Order in the windowthat pops up.

You can select an instrument (the Symbol field) or a number of lots (the Lots field). Whenclicking the Request button you will be given a quote:

The Buy and Sell buttons will become active enabling you to Buy or Sell as desired. The price isavailable for approximately 5 seconds (the timescale is shown next to Market Order above thequoted price). If you do not Buy or Sell within this time period the Buy and Sell buttons will beinactive and you will have to make a new request. After making a trade you will see the open

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Closing positions and deleting Pending Orders

To close a position, you should double click on the open position in the Trade tab of the Terminalsection. The following window will appear:

If you just want to close a position at the current price click the Request button. A price willappear for you to close your position (either fully or partly by selecting the number of lots you wishto close):

If the price is as desired, click Close #... .. at ... (in our example: Close #345960 buy 1 EURUSDat 1.0987 ). The proposed quote will be valid for approximately 7 seconds (shown next to theMarket Order above the price quoted), after which time the Close ... .. at ... button will becomeinactive.

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You can delete a pending order in the following way:

double click the mouse on the pending order in the Trade tab of the Terminal section

select a pending order in the Trade tab of the Terminal section and right click. Select Modify or Delete Order in the window that pops up.

After performing any of these actions you will see the following window:

To delete a pending order click the Delete button.

Setting, editing and deleting Stop Loss and Take Profit orders

S elect an open position in the Terminal window, right click and select Modify or Delete Order inthe window that pops up. The following window will appear:

Set the necessary order level in the Stop Loss and Take Profit fields and click Modify . If youreceive a message Invalid stops when setting an order it means, either you were trying to set theorder too close to the current price (closer than 10 pips), or you used the comma to separate thewhole and the fractional parts of the number (where you should use a full stop), or you confusedplacing Stop and Take Profit.

Documents

Met a Trader User Guide