1. Market Watch (Pair)
it's same as Product that you want to buy or sell.
Pair is a Country's currency
ex:USD (US), AUD (Australia), GBP (Great Britain), JPY (Japan), EUR (Euro), CHF (Swiss), CAD (Canada), ETC.
2. Time Frame
Time Frame is a place where the candle stick is made. If you choose
M1 : Every 1 minute candle is made
M5 : Every 5 minute candle is made
M15 : Every 15 minute candle is made
H1 : Every 1 HOUR candle is made
H4 : Every 4 HOUR candle is made
D1 : Every 1 DAY candle is made
W1 : Every 1 WEEK candle is made
M1 : Every 1 MONTH candle is made
3. Window Chart
Window Chart is a place for selected pair you want to play. how it work, just klik left mouse on selected pair, then hold and drag it to the right.
4. Terminal
on here there are a lot explanation here
Leverage: Is the bonus you receive from the broker to become able to trade large amounts with having a small amount of money in your account. When the leverage is 100:1, it means you can trade 100 times more than the money you have in your account.
Margin: Is the money that will be placed and engaged in the positions that you take. For example to buy $1000 with the leverage of 100:1, $10 from your account will be engaged in the position ($1000 / 100 = $10). You can not use this $10 to take any other positions, as long as the position is still open. If you close the position, the $10 margin will be released.
Balance: Is the total amount of the money you have in your account before taking any position. When you have an open position and its profit/loss goes up and down as the market moves, your account balance is still the same as it was before taking the position. If you close the position, the profit/loss of the position will be added/subtracted to your account balance and the new account balance will be displayed.
Equity: Equity is your account balance plus the floating profit/loss of your open positions. For example when you have an open position which is $500 in profit while your account balance is $5000, then your account equity is $5,500. If you close this position, the $500 profit will be added to your account balance and so your account balance will become $5,500. If it was a losing position with -$500 loss, then while it was opened, your account equity would be $4,500 and if you closed it, $500 would be deducted from your account balance and so your account balance would be $4,500. When you have no open position, your account equity will be the same as your account balance.
Free Margin: Free margin is the money that is not engaged in any trade and you can use it to take more positions. You remember what the margin was, right? Free margin is the difference of the equity and margin. At the above example, your position margin is $10. Lets say the equity is $1000. Therefore, your free margin will be $990 ($1000 – $10). If your open positions make money, the more they go to profit, the greater equity you will have, and so you will have more free margin.
Margin Level: Margin level is the ratio (%) of equity to margin. For example when the equity is $1000 and the margin is also $1000, margin level will be $1000 / $1000 = 1 or in fact 100%. if the equity was $2000, then the margin level would be 200%.
Margin Call Level: Is the level that if your margin level goes below it, you will not be able to take any new position. Margin call level is determined by the broker. When it is set to 100%, you will not be able to take any new position if your margin level reaches 100%. When you have losing positions, your margin level goes down and becomes close to the margin call level. When you have winning positions, your margin level goes up.
Stop Out Level: Is the level that if your margin level goes below it, the system starts closing your losing positions. It will close the biggest losing position first. If this helps that the margin level goes above the stop out level, no more position will be closed. Then if your other losing positions keep on losing and the margin level goes below the stop out level again, the system closes another losing position which is the biggest one.
5. Template
Template is a system that you have save, so you don't have to do it again step by step if you want to apply to another pair you want. how it work, 1st you got go add several indicator, then just save it on template BAR, after that every time you want to use it, just call it at template
6. Navigator
Navigator is consist of your current log in account, script, expert advisor, also indicator (same as on the insert TAB on the above). here is the place you want to add your EA/ROBOT
i guess that's enough for lesson 3
No comments:
Post a Comment