Download FxPro WebTrader - User

User Guide
Ver 3.0
Disclaimer
Trading Contracts for Difference on margin involves a high degree of risk and may not be
suitable for all investors.
The leverage created by trading on margin can work against you as well as for you. Therefore,
the Firm cannot guarantee the performance and/or results of the System. Prior to opening an
account with FxPro, running the System, trading on derivative products offered by and entering
into any transaction with, FxPro, you should carefully consider any risks including but not limited
to those involved in trading Contracts for Difference, your financial situation, needs, your objectives, and your level of experience.
By using the System you understand and accept that there is no system free from any errors
and you accept the existence of the possibility to lose a part or even the entire initial investment.
You should take steps to ensure that you understand the products offered for trading and the
functioning of the transaction. You should also consider seeking advice from your own independent financial advisors in making this assessment.
Any opinions, analyses, prices, research, statistics or other information contained is provided as
general market commentary, and does not constitute investment advice.
FxPro has taken reasonable measures to ensure the accuracy of this information, however,
does not warrant the performance or fitness of the System for a particular purpose of its accuracy.
Under no circumstances shall FxPro be held responsible and will not accept any liability for any
trading or other losses or damages, including and without limitation to, any loss of profit, which
may incur directly or indirectly as a result of using the System.
Further, FxPro does not accept any responsibility for any loss, disruption or damage to your
data or your computer system which may occur whilst using data described in this content.
FxPro does not warrant that the functions contained herein will be uninterrupted or error free.
Also, FxPro does not guarantee that defects will be corrected or that these functions will be
updated.
You agree to hold harmless FxPro, its officers, directors, employees, advisors, consultants or
other partners for any act or omission in the course of or in connection with the System.
It is the responsibility of the recipient of this manual to ascertain the terms of and comply with
any local law or regulation to which they are subject.
The provision by FxPro of any products or services shall be expressly subject to the terms and
conditions as contained in the contract for the supply of such products or services.
WebTrader is accessible via https://webtrader.fxpro.com and requires no additional software
download. All that is required to use the web application is the creation of an FxPro real or demo
MT4 trading account.
To login to the WebTrader application simply enter your Direct credentials – email address and
password used when creating your Direct profile during the registration process.
FxPro MT4 WebTrader now supports single sign-on authentication with FxPro SuperTrader
and FxPro Analytics (for the partners who have access to this tool). This means that if you
are already authenticated on FxPro SuperTrader, and select to open FxPro WebTrader (or
the other way around) on a new tab, then the application will not ask you to re-enter your
FxPro Direct credentials.
First Impressions
Once logged in, the application will load and you will be presented with 4 main areas: market
watch, chart, menu bar and trade details.
The chart area and trading statistics area can be increased or decreased by dragging the bar
between them either up or down.
Account Switcher
At the top left of the screen you will find the
account switcher area, this lets you change
between all the real and demo accounts
you have associated with your Direct
profile. Your account number, server and
account equity is visible here.
Use your FxPro Direct account to access all of your MT4 trading accounts from a single
platform. You can quickly switch between active trading and demo accounts from the
account switcher without the need to re-authenticate or refresh/reload the MT4 WebTrader
web application.
Market Watch
The market watch section presents you with
all of our available instruments by category
and symbol, grouped appropriately for ease
of use. From here you can also search for
individual symbols and add them to your
own favourites section.
Beside each symbol you will find information
on the change in pips from the market open
price, change in % from market open, Bid,
Ask, high, low and live spread. From here
you can open a chart for the symbol you are
viewing, select a lot size, create new order,
and add it to your favourites.
The Favourites tab allows you to list each
favourite in your preferred order using the
up down arrows. You can add a favourite by
pressing the star before each symbol in the
market watch window. You can remove a
favourite in the same way, or by pressing on
the star located on the top right-hand side of
the symbol in the Favourites tab.
When you right click on any of the symbols a new menu provides you with the following functionality: create position, show the specific symbol on a chart, add/remove the symbol from your
favourites and show/hide the daily change figures of all symbols.
One-click Trading
The first time you attempt to place an order either by clicking a live price in the market watch
window, or at the top of the chart, you will be prompted to either enable or disable one click
trading. Clicking Enable will allow you to open positions using the price buttons below.
One-click trading applies to order submission as a one step process and works in the following
scenarios:
Market watch Sell and Buy; single click to open an instant order.
The Buy and Sell panel above the chart; single click to open an order.
Close by all and close all open positions in the Trade Details section.
When one-click trading is enabled you can instantly place buy or sell orders by pressing on the
Buy or Sell prices shown in Market Watch or at the top of each chart.
If you opt to disable this function you will have to open orders using the Create Position function.
Opening a New Order
When creating a new order (one-click
option disabled) the following popup
appears allowing you to place an instant
or pending order. Instant execution lets
you change your symbol, set the
volume, apply a stop loss and/or take
profit, add a comment and choose to
either place a buy or sell order.
The second tab allows you to create a pending order, providing you with the following options:
select the symbol, choose the order type; buy/sell limit or buy/sell stop, volume allocation, price
to place your order, set a stop loss or take profit if you wish, add a comment and add an expiration date/time for the order.
The Menu Bar
The menu bar displays your account and trading statistics, which include: Balance, Equity,
Margin, Free Margin, Margin Level %, Unrealised PnL, Total Realised PnL and Total Net PnL.
Balance – Account Balance.
Equity – Balance + Unrealised PnL.
Margin – Based on your account’s Leverage; margin is the amount of equity required to guarantee your open position(s).
Free Margin – Free Margin is the difference between your account equity and the margin being
used by your open positions. (Equity – Margin)
Margin Level %– Is the ratio of equity to margin (Equity / Margin) x 100
Unrealised PnL – The PnL resulting from your open positions.
Total Realised PnL - The PnL resulting from your closed positions.
Total Net PnL – The Net Unrealised PnL + Net Realised PnL from your Open Positions
(Net Realised PnL = Realised PnL + Commissions + Swap, Net Unrealised PnL = UnRealised
PnL + Commissions + Swap).
Platform Tools
FxPro MT4 WebTrader offers you a variety of tools that allow you to modify the way you interact
with the platform. At the top right-hand side of the platform you will find a number of general
tools, which allow you to change your language preference, enable or disable one-click trading,
view the FxPro blog, view the FxPro economic calendar, change account and chart settings,
send us feedback and logout.
When WebTrader is accessed via smaller resolution screens any additional top menu icons
including the logout icon drop to the next line. This ensures that there are no issues with
accessing all icons.
The Account Settings button (cog icon) brings up the following menu. The Order Execution tab
allows you to set the default volume size, quick trade execution, SL/TP in pips and enable
one-click trading.
The Chart tab allows you to set if the following options are shown/hidden: Trade levels, volume
bars, horizontal lines and chart period.
User Settings and last user session state are stored on our FxPro cloud data store services
without any extra charge and without the need of connecting or creating additional accounts
or various other 3rd party cloud services. This means you always find your trading platform
the way you left it when you last logged out.
Risk Statistics
FxPro MT4 WebTrader also features a Risk Statistics tab. This section is only available to real
account holders, and can be accessed by pressing on the blue Risk Stats button at the top
right-hand corner of the platform. Real account holders are provided with the following information:
Intraday, 7 days, 30 days and since started durations.
You can view the real time % performance of your trading account at all of the above time
frames.
Actual Leverage
This is the amount of leverage you are currently employing. The number appears in red as a
warning when your account is being over-leveraged.
Max DD
This is the maximum % drop in equity that your account has undergone. It can be viewed at all
of the durations listed above.
Risk Adjusted Return
This metric provides you a measure of how much risk your account is taking relative to the
returns it has been able to secure.
Open Positions
This is the combined value of all the positions you currently have open.
Volatility of Return
This shows the standard deviation of the volatility of returns over a given period of time.
To switch back to the chart simply press the blue
Trading Chart button located at the top right-hand
corner of the platform.
Chart Tools
FxPro WebTrader offers powerful drawing tools and an abundance of indicators, as well as
the ability to add multiple tab-separated Symbol Charts and quickly switch between them.
At the top left of the chart window you can
see a tab with your currently open charts
along with the choice to open additional
ones via the + (plus) symbol. You can also
filter which chart you would like to open via
the search box.
By default the chart type is set to Candle, with the tick volume displayed at the bottom and a
chart scale at the top right.
There are various options that allow you to change the look and feel of your charts, these
include: zoom in or out, period change, chart type, indicators, custom themes and time zone
options. You also have the ability to open positions and set the lot size of the specific chart
directly from this area.
The indicators are split into 5 main categories, Oscillators, Trend, Volatility, Volume and Other.
Each has several options to apply to the chart with separate settings.
The indicators are split into 5 main
categories, Oscillators, Trend, Volatility,
Volume and Other. Each has several
options to apply to the chart with separate
settings.
Drawing Tools
There are also a number of available chart
drawing tools, allowing you to add information
on top of the charts you are monitoring. These
are located on the right-hand side of your chart,
and include: Cursor, Single Chart, Multiple
Charts, Crosshairs, Pip Measure, Market Snapshot, Fibonacci, Vertical Line, Line, Horizontal
Line, Ray, Continuous, Rectangle, Ellipse, Add
Text, Segment, Clear Drawings.
Cursor
Single Chart
Multiple Charts
Crosshairs
Pip Measure
Market Snapshot
Fibonacci
Vertical
Line
Horizontal
Ray
Continuous
Rectangle
Ellipse
Add Text
Segment
Clear Drawing
Cursor
The Cursor button replaces whatever drawing tool you are currently using with your original
cursor.
Crosshair
Market Snapshot
The crosshair tool shows you the
exact time and market price of
any point on the chart.
Mouse over any point on the chart to
display the following details: Time, Price,
OHLC (Open, High, Low, Close)
Fibonacci
Text Tool
The Fibonacci tool is used to plot Fibonacci intervals over a chart, thus indicating potential retracements.
The text tool allows you to place
comments on any part of the
chart for future reference.
Pip Measure Tool
The pip measure tool allows you to
measure the pip difference between 2
prices on the chart by clicking at one
point of the chart and then moving the
cursor to a second point.
Horizontal Line
Vertical Line
The horizontal line is used to mark specific
areas on the chart, such as support and
resistance levels. It is fully customisable,
allowing you to drag to your desired price
level or right click to change the settings.
The vertical line is used to mark specific
areas on the chart, separating one part
from another, for example separating one
day or trading session from another.
Trend Line
Rectangle
The trend line tool is used to mark and
analyse market trends by connecting two
or more low or high points (depending on
whether it is an uptrend or a downtrend).
Rectangle allows you to place an area of
the chart that is of particular interest to you
inside a rectangle. To draw a rectangle
simply select the tool from the right-hand
side menu, click on any point of the chart
and then drag.
Continuous line
Ray
The continuous line tool allows you to track
the general direction of a symbol’s price
action by drawing a continuous line
between different points.
Similar to the Trend Line tool, the Ray
allows you to draw a line from any point on
the chart, which extends from that point to
the very edge of the chart window.
Segment
Ellipse
The segment tool allows you to draw a line
between two points on the chart. It will then
display the number of bars between those
points, as well as the price change both in
pips and as a percentage.
Similar to the rectangle tool, the ellipse
allows you to place an area of the chart
inside an ellipse. To draw an ellipse, select
the tool from the right-hand side menu,
click on any point of the chart then drag.
Clear all Drawings
Pressing this button removes all drawing tools you have used on the chart.
Chart Functions
When you right click on a chart you have the capability
to perform certain functions. These include: create new
order, pending orders for buy/sell limits and buy/sell
stop orders (depending where you are on the chart).
In addition you can open a new chart via the symbol dropdown side menu, change the chart
type or set a different period.
From the above menu you have the option to create a pending order.
When a pending or instant order is placed this also reflects on the chart in the form of a position
line. The position line displays the ticket ID, lot size, profit and PnL in pips.
You can also modify and close the order as well as manually setting the take profit and stop loss
points by simply dragging the greyed TP/SL lines above and below the order.
When activated these lines will change to blue and display the pip value. These can be changed
as many times (providing the order is still open/valid) and completely removed via the cross (X)
located next to the line.
In addition you can open a new chart via the symbol
dropdown side menu, change the chart type or set a
different period.
Multicharts
Multicharts allows you to open up to 4 consecutive charts at once in a tile view or up to 10 charts
in the standard tab view.
Tab View
To switch between the views when more than one chart is open simply
use the square icons located at the top right of the chart. The double
square icon represents tile view and the single square icon represents
the tab view. The add new chart option will appear in both views via the
plus (+). Charts can be closed as normal via the cross (X) either directly
on the chart or via the a tab.
The multicharts tile view and tab view icon options are also available in
the drawing tools.
You can open and close orders directly on any of the charts as each is considered a separate unit.
User Settings
In the following scenarios settings are saved for each individual chart. When a user logs out or
changes their account from the switcher these settings will be remembered for when the user
returns:
Charts of the same currency
Charts opened with different timeframes
Chart type
Charts of a different currency
Charts with drawing tools applied
Charts with indicators applied
Orders created per chart and the position line displaying the TP/SL, ticket ID, lot size, profit and
PnL in pips
The clear drawing tool has replaced the themes icon as themes can no longer be applied. This
can be used on each individual chart.
Account settings will continue to be applied on a global account level and not per chart.
News
The news can be accessed on the price
ticker and is an additional tab next to
favourites.
Trade Details
The bottom section of FxPro WebTrader is where you can locate all of your open positions,
aggregated open positions, pending positions, trade history, transactions and trading statistics.
Your open positions display the ticket ID, pair, lot size, type of position (buy or sell), open time
and date, open price, take profit and stop loss (if set), swap, commission, PnL in Pips, profit and
net profit, along with the options of close by, close by all and close all. You will also see your
total profit, total net profit and have the ability to export all data to a csv file.
Open positions can be searched according to the symbol type you would like displayed. You
also have the option to filter the type of position; all directions, buy or sell.
If your direction is filtered to buy, only buy positons will be
displayed. If at this time you decide to select “Close all” then
only the buy positons will be closed. The same applies if sell
was filtered and then closed.
If you do not apply any filters close all will work with all directions by default.
Close by all is not affected by the filters, it closes positions of
same symbol, size, and direction.
By right-clicking on an order you have the options to close the
position, modify the order or create a new position.
The modify order brings up a popup and lets you select a specific trade, reset the volume, and
apply/alter your stop loss and take profit. You also have the option to close the order if you wish.
Create position brings up the open new order box allowing you to create an instant execution
order or pending order.
The aggregated open positions tab combines your open buy and sell orders of a same symbol
and calculates the lots, profit and VWAP. You have the option to search by symbol, filter the type
of order buy/sell or all and close all positions of that specific symbol.
By right clicking on an aggregated open position you have
the option to create a new position or close all orders
related to that specific symbol. Once this option is selected
all positions will automatically be removed from your open
positions tab.
The pending tab displays all pending orders created providing you with the ticket number, time
the order was created, symbol, lot size, type, entry price set, stop loss and take profit if set and
expiration date/time of the order.
You have the option to delete the order or duplicate it.
If the duplication button is selected automatically the
same order will appear in your pending tab with the
exact same settings.
The Search option and filter options are also available.
By right clicking on a pending order you have the
option to delete the specific order, modify the order,
copy the order or create a new position.
The trade history tab displays all of your closed positons and provides the following information:
ticket ID, pair traded, lot size, type, open time and price, close time and price, stop loss and take
profit, swap, commissions, PnL in Pips, profit, net profit, total profit, and total net profit. You also
have the option to export all of your trade history to a csv file.
The trade history can be filtered by set parameters.
Or you can apply custom dates via the calendar.
The transactions tab shows all deposits and withdrawals with the time, amount and totals.
The trading statistics tab available for both real and demo account holders is a comprehensive
list of stats which include: Total number of trades as well as the number of winning, losing and
break-even trades, winning and losing %, Total Net P/L, the sum of your winning and losing
trades, average win and loss per trade and profit factor.
for serious traders
Should you need any further help with FxPro WebTrader
please contact our customer support team.
Tel.: +44 (0) 203 151 5550 | E-mail: [email protected]