The Order FX was developed to be used with the information from the Main Dashboard or from the Scalping Dashboard. To start using this tool, you need to set it according to your trading style. Once that has been done, the tool will follow your settings of:
- Stop loss,
- Take Profit
- Trailing Stop
- Break Even stops
- Zero Risk and
- Will sell half of your position when it gets to the Break Even you have established (example above)
On the top part of the Expert Adviser, you will adjust the Volume, the Stop Loss, Take Profit, Trailing Stops, Break Even, Zero Risk, and Sell Half according to your Money Management.
On the bottom part of the Expert Adviser you will see the Driver and Passengers, Red, Green and Break Even buttons. You can also chose to close:
- All positions,
- Close only the ones you are Profiting or
- Close only the ones you are Loosing
If the Dashboard shows AUD -7 that indicates the AUD is the Driver. So, you would go to the Expert Adviser panel and will chose the currencies you want to trade with AUD. On the example below we have chosen the CHF, NZD, and EUR as the Passengers. After that, we pressed the red button because the AUD is -7 on the Dashboard. If you chose to do a Basket trade you will need to sort all currencies that will be the passengers and then press the red button.
Click HERE to be redirect to our tools website for more information.
Risk Warning: Trading foreign currencies is a challenging and potentially profitable opportunity for educated and experienced investors. However, before deciding to participate in the Forex market, or using our software, you should carefully consider your investment objectives, level of experience and risk. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any foreign exchange transaction. Any transaction involving currencies involves risks including, but not limited to, the potential for changing political and/or economic conditions that may substantially affect the price or liquidity of a currency. The leveraged nature of Forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin call, your position will be liquidated and you will be responsible for any resulting losses.