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Forex Board

Forex Board

The Forex Board function is used to be able to execute trades extremely quickly on different currency pairs (or couples) at the same time. Each Forex Board document can contain a maximum of 20 pairs, organized in 4 rows of 5 elements each. In MarvelChart it is possible to open multiple Forex Board documents at the same time.

Command bar

At the top of the Forex Board there is a bar with the main commands to interact with the document.

Forex Board Toolbar

The available commands are:

  1. Add Symbols - Allows you to select and add new FX pairs. If a currency pair is already present in the current document it is never duplicated. The same currency pair for different brokers is allowed. It is possible to select multiple symbols at the same time;

  2. Clear All - Removes all pairs currently present from the document;

  3. Load Symbols - Loads the symbol list of the pairs to be displayed on the current document from a file. Any pairs already present in the document are removed;

  4. Save Symbols - Saves the symbol list of the pairs currently present in the document to a file.

Pairs

Forex Pair

Each FX pair within a Forex Board document is represented by a card made up of different elements:

  1. Symbol - Drop-down box where you can choose the symbol of the currency pair to be displayed on the card. The Broker to which the symbol refers is also highlighted;

  2. Amount - Field in which to enter the value of the orders you want to send on the specific pair. Generally the Amount is expressed in the currency of the pair's quote. For example, for the EUR.USD pair, the quote is expressed in USD, and consequently the order value is also expressed in USD;

  3. Order Type - Type of orders that you want to send on the specific pair. The available order types are:

  • Market - Specifies that the orders to be sent to the market will be of the "At Best" type;

  • Limit - Specifies that the orders to be sent to the market will be of the Limit type;

  • Stop - Specifies that the orders to be sent to the market will be of the Stop type;

  1. Graphic button - Opens the graph related to the currency pair symbol;

  2. Close button - Deletes the pair from the current document;

  3. Bid - Section dedicated to displaying the Best Bid quote of the specific pair, with the relative size available on the market. Price variations are highlighted by the text color, green when the price is rising, red when the price is falling;

  4. Ask - Section dedicated to displaying the Best Ask price of the specific pair, with the relative size available on the market. Price variations are highlighted by the text color, green when the price is rising, red when the price is falling;

  5. Avg. open price - Load price of the possible Open Position on the specific pair;

  6. Quantity - Quantity of the possible Open Position on the specific pair;

  7. Profit / Loss - Profit / Loss of the possible Open Position on the specific pair.

Sending purchase orders

Forex Pair - Buy

Moving the mouse pointer over the section dedicated to displaying the Best Ask price of each pair, the background of the section will turn green, and the word "Buy" will appear at the top. Left-clicking in the Best Ask section generates a new purchase order, whose characteristics of value and type of order are defined by the boxes at the top of the specific pair tab.

Sending sell orders

Forex Pair - Sell

Moving the mouse pointer over the section dedicated to displaying the Best Bid price of each pair will cause the background of the section to turn red, and the word "Sell" will appear at the top. Left-clicking in the Best Bid section generates a new sales order, whose characteristics of value and type of order are defined by the boxes at the top of the specific pair tab.

Last modified: 13 December 2024