User Manual
Online Mini Share Trading
Euro Denominated Account
Trading and Contract Specifications
Margin
Requirement: Approximately 2% for individual shares, ˆ 50 per lot
for other products. Click
here for
margin requirements by product.
Overnight Interest:
Generally ˆ 0.0 to
ˆ 1.50 per day per lot charged on positions held past 5PM EST.
These amounts are indicated in the "Reference Prices" window as a
percentage of the notional value of the contract.
Minimum Initial Deposit:
ˆ 2000 to open an account
Margin
Call Procedure: When a client has less than ˆ
50 of equity per open
lot, some or all of the clients open positions will be automatically
closed. Clients are encouraged to avoid margin calls through the use of
stops and/or adequately funded accounts.
Trading Hours and Tick
Values: Click
here for
trading hours and tick values by product.
Login screen appears when ICTS System starts:
Enter your UserName, Password, and press OK. The Trading System will appear:
Dealer’s Rates window displays live dealing rates. The following functionality is available on the Dealer’s Rates window:
Market Order
This allows the trader to trade "at the market." Click on the rate (Sell or Buy) field within the order record or right click anywhere within the order record and then choose Market order command from pop-up menu. The Amount input screen will appear:
Enter desired amount measured in lots and press
OK. New order marked with letter ‘I’ (Initiate) will appear on the Trader’s
Orders window. Market orders will always be confirmed and
executed immediately at the best available price.
Entry Order (Entry Stop or Entry Limit)
This function allows you to initiate a position with a Stop or Limit order. Right click anywhere within the order record and then choose Entry order command from pop-up menu. The Amount input screen will appear:
Enter desired amount measured in lots, adjust the price and press OK. New order marked with letter ‘E’ (Entry) will appear on the Trader’s Orders window. It will be executed by Dealer at the time when the market price reaches the Entry order.
Sort records
Click on the column
title.
All records will be sorted by that column.
Hedging
Positions
Placing trades from the Dealer's Rates window will never
offset your open positions, but will always open a new position. Open
positions can therefore be "hedged" by placing trades in the opposite
direction of an open position from the Dealer's Rates window. The only
way an open position can be closed is by right-clicking on that position in
the "Open Positions" window and selecting "Close Position", or selecting a
"Stop" or "Limit", which will then close the position if it is filled.
Add/Remove Products
You can add or remove products (shares, indices, or currencies) from
the Dealing Prices window. To add a product, find the Share, Index or
Currency you wish to add in the "Reference Prices" window
and Right-click on it. Select "Add into Dealing Rates" from the
pop-up menu.
To remove or rearrange products
from the Dealing Prices window, right click on the product in the Dealing
Prices window, and select from the pop-up menu. When you have your
Dealing Prices window customized as desired, be sure to select "File",
"Save Settings" before you exit.
Click
here for detailed visual instructions on adding and removing products
from the Dealing Prices window.
"Trader’s Orders" window
Trader’s Orders window displays your own Entry and OCO orders. It also allows Trader to operate with Initiate, Reject, Close, and Terminate order records (those operations have been already discussed above). The following functionality is available on the Trader’s Orders window:
Place order
Right click within the order record and then select Place order command from the pop-up menu. Selected order will be sent to Dealer. This operation is used with Initiate, Reject, Close, and Terminate order recordsRemove order
Right click within the order record and then select Remove order command from the pop-up menu. Selected order will be removed.Change price
Click on the rate field within the Entry order record or right click anywhere within the record and then choose Change Price command from pop up menu. The Entry Change Price input box will appear:
Enter desired price and press OK. The price on the order will change.
Hedging: As with the "Dealer's Rates" window, any orders filled from the "Trader's Orders" window will not offset open positions.
Open Positions window displays all open positions and allows placing Stop, Trailing Stops, and Limit orders, as well as closing the position at the market price. Any executed orders that are entered from the "Open Positions" window will serve to close out part or all of that position. The following functionality is available on the Open Positions window:
This is a conventional "stop" or "stop loss" order. From the "Open Positions" window, right click within the position row and choose "Stop" from the pop-up menu. The Stop dialog box will appear:
Enter desired Stop rate in the top field and click "Submit" (other parameters in this dialogue box are for a "Trailing Stop" and can be ignored). The Stop order has now been placed and the Stop price will appear in the "Stop" column in the "Open Positions" window.
A Trailing Stop will remain at a specified distance as the market moves in your position's favor (following or "trailing" the market), but will remain fixed if the market moves against the position, acting like a one-way ratchet. To place a Trailing Stop, go to the "Open Positions" window, right click within the position row and choose "Trailing Stop" from the pop-up menu. The Stop dialog box will appear with the "Set Trailing Stop Distance" checked:
Enter the distance in pips/ticks in the bottom field and click "Submit". The Trailing Stop order has now been placed and the specified "Distance" will appear in the "TrailD" column in the "Open Positions" window, and the resulting stop price will appear in the "Stop" column.
From the "Open Positions" window, right click within the position row and choose "Limit" from the pop-up menu. The Limit dialog box will appear:
Enter desired Limit rate and click "Submit". The Limit rate will appear in the "Limit" column in the "Open Positions" window.
From the "Open Positions" window, right click within the position row and select "Close position" from the pop-up menu. The Close position confirmation box will appear:
The "Amount (Lots)" field will default to the entire position size. If you wish to close out only part of the position, change this field to the amount of Lots you wish to close. Click "OK". The position will now be closed at the current market.
Change price on Stops and Limits
Click on the rate (Stop or Limit) field within the position record or right click anywhere within the position record and then choose Change Stop or Change Limit command from pop up menu. The Stop or Limit dialog box will appear. Enter desired Stop or Limit price and press OK.Remove Stops and Limits
Right click anywhere within the position record and then choose Remove Stop or Remove Limit command from pop up menu. The Stop or Limit will be removed.
This window displays all price information including the High and Low of the day for each currency and Interest Rate differentials ("Prm Buy" and "Prm Sell").
"Prm Buy" and "Prm Sell" indicate the amount, in US Dollars per lot, that will be debited to credit to each open position held past 5PM New York time.
The following functionality is available on the "Reference Prices" window:
Sort records
Click on the column title.
All records will be sorted by that column.Reorder records
Right click within the currency record and then select Move Up, Move Down, Move Top, or Move Bottom command from the pop-up menu. Selected record will move accordingly.
(top of
page)
"Account Information"
window
Account Information window displays values representing the status of your account(s). Account information normally refreshes every 30 seconds or as a result of any Trader's action. The following functionality is available on the Account Information window.
Refresh information
Right click within the account record and then select Refresh Account Data command from the pop-up menu. Account Information will be renewed.Generate reports
Right click within the account record and then choose desired report from the pop-up menu: Current, Daily, Weekly, Monthly or Yearly report page will be generated. You could print it out for your reference.Enter Default Amount
Default Amount is used to allow Trader to predefine the default amount of Lots to be used when opening a position on the particular account. This is a key feature primarily used by those who manage several accounts.
Click on DA field within the account record. The Default Amount dialog box will appear:
Enter desired amount and press OK.
Enter Group name
Group name is used to allow Trader to group accounts.
Click on Group field within the account record. The Group dialog box will appear:
Enter desired Group name and press OK.
Save Group information
Group names and Trading Ratio values for accounts could be saved for later use.
Right click within the account record and then select Save Group information command from the pop-up menu. Group information will be saved.
"Summary
by all accounts"
window
The "Summary by all accounts" window is similar to the "Open Positions" window, except that all currency positions are summarized. For example, if you have three separate open buy positions of one lot each in USDJPY, the "Summary by all accounts" window will just show one position of 3 lots, with the average open price in the "AvOpen" column. If you have three separate open buy positions of one lot each in USDJPY, and one short position of one lot in USDJPY, the "Summary by all accounts" window will show the buy position as one position of 3 lots, and the sell position as one position of one lot, and the NH ("not hedged") column will show a "2", indicating that you have a net buy exposure of two lots.
This window is also useful when trading multiple accounts. It will summarize whichever account is selected in the "Account Information window. In addition, if you right-click on the gray heading and select "summary by all accounts", it will summarize the positions of all accounts in your login as if they were a single account.
Trading History
and Statements
To generate a simple online report of your most recent round-turn transactions, right-click on the relevant account in the "Account Information" window, and select "Trading history report".
To Generate a more comprehensive report, including open positions, click on
the "Reports" Selection from the "File" menu.
You can then select any time period and run the report.
The Internet Currency Trading System is designed to facilitate trading and managing multiple accounts from a single login window. Clients who have their platform configured for multiple account trading will see each account in the "Account Information" window:
Each action will be performed on the account which is currently highlighted (dealing, account history, view reports, etc.) just as if the trader was managing a single account.
Block trades and orders can also be placed which will automatically be distributed among the accounts as per the trader's instructions. Indicate how many lots each account is to receive by clicking on the cell in the "DA" column ('Default Amount'). In order to save this information, apply a group name to each row by left-clicking the appropriate row in the "Group" column. When finished, right-click on each row and select "Save group information". So for three sub accounts, you will have to do this three times.
Multiple accounts can then be selected by holding down the "Ctrl" key and clicking on each account (note that clicking and dragging will not properly select the accounts). Once the desired accounts are selected, the trader can then trade from the "Dealer's Rates" window. The default number of lots for each trade will now be the sum total of the "DA" entry for each selected account. When the trade is executed, each account will have the corresponding number of lots automatically placed in it.
Note: Block trading for multiple accounts is currently possible only in the web-based login, NOT the ICTS-FX login.
Java-based charts are accessed from the "View" menu. Clients can select the currency and time frame they wish. CFD charts also provide an array of analysis tools and technical studies ("indicators").
Charts can be printed as follows:
Finding and Sorting Instruments
All tradable instruments are listed in the "Dealing Prices" window. The CFD trading system has features to make it easier to find the instrument you wish to trade.
By left-clicking on the "Market" column heading, you will sort all instruments alphabetically. Left-click again, and you will sort them in reverse alphabetical order
Right-click on the "Market" column heading, and you can then select "sort" from the pop-up menu. Choose "default", and you will revert back to the default arrangement: Equity indices grouped at the top, then major commodities, then major U.S. shares, and finally major international shares grouped at the bottom.
Account
Statements / Back Office Reports
Your CFD Account has built in real-time account statements. This means that the statements are updated online the second a trade is executed or a deposit or withdrawal is made.
To access these reports, login to the trading software using the User Name and Password that you have been supplied with. Then select "Reports" from the "File" menu.
You can then select any time period and run the report.
OCO (One Cancels the Other) Entry conditional orders can be place in the WinTrader Software: http://www.gcitrading.com/download.htm.
An OCO order (One Cancels the Other) is actually two Entry conditional orders (one Entry-Limit and one Entry-Stop) bound together by an OCO link. When either of the orders is executed, the other order is automatically removed by the system.
OCO orders must be placed:
Creating OCO orders
Right-click the Buy or Sell rate in the Dealing Rates window, Instruments window, or the Dealing Rates Table window, and select Entry OCO from the menu.
The “Entry OCO Order” dialog box will appear:
Set the rate for the Entry Stop order and the rate for the Entry Limit order. Click OK to create both orders.
If you want an OCO pair to have different numbers of lots, you must create the orders separately and bind them later.
Creating a new Entry order as an OCO to an existing Entry order
There are two ways to create a new Entry order to bind to an existing Entry order.
Create a new Entry order and then select an existing Entry order to link it with.
Select an existing Entry order and set an OCO link to a new order from the right-click menu.
Method 1: Create an Entry Stop or Entry Limit. The “Entry Order” dialog box will appear:
Check the “Create as OCO for order” check box. If there are OCO linkable Entry orders already open, they will be listed in the drop-down box. You can also type in an order number.
Method 2: Right-click on an existing Entry order in the Orders window, select OCO Link, and then select Set To New Order.
The Entry Order dialog box will appear:
The “Create as OCO for order” check box will be checked. The order on which you clicked will be automatically selected. All other orders which can be OCO pairs with the new order are also available in the drop-down box.
Binding two existing Entry orders into an OCO pair
Right-click on an Entry order in the Orders window, select OCO Link, and then select Set To Existing Order.
The dialog box will appear:
If there are existing OCO linkable orders, they will be listed in the drop-down box.
Unbinding OCO orders
To unbind an OCO pair, right-click on one of the OCO orders in the Orders window, select OCO Link, and then select Unbind OCO.
