MetaTrader Trading Platform
What trading platform is used by Danpac Futures?
PT. Danpac Futures use Metatrader 4(MT4) trading platform. MetaTrader 4 trading platform has been created to provide trade operations and technical analysis in real time mode. A wide range of orders allows flexible management of trading activities. There are over 50 analytical tools that can be used to forecast financial markets, consisting of many technical indicators and line studies.
Where can I download the platform?
Platform can be downloaded from Danpac Futures website.
Can I open a Demo Account?
Yes; A good place to start is by registering and downloading our Danpac Futures Trader demo trading platform. This demo allows you to trade on live streaming prices, just like the live trade. You can also set the amount of virtual money to be allocated in your demo trading accounts. With this risk-free demo account, you can test out your various trading strategies before committing to the live trading
How do I open a Demo Account?
After downloading Danpac Futures Trader platform, go to "Navigator" window and right-click on "Accounts" then choose "Open An Account"
What is expert advisor?
Expert Advisors are built-in programs in the platform that have been developed and used for automation of analytical and trading processes. Expert Advisors will allow you to forget about long hours of watching the financial markets. It can analyze the situation on the market, make decisions, put pending orders, and open positions in on-line mode without trader's participation. Custom Indicators, just like technical ones, can analyze the situation on the market and generate various signals.
How To Open A Position?
Opening of a position, or entering the market, is the first buying or selling of a certain amount of the security traded. Position can be opened either by execution of a market order or by automatic triggering of a pending order.
How To Open A Position Using Market Order?
To open a position using a market order, one has to execute the Tools — New Order menu command, or press the button of the Standard toolbar, or press F9, or double-click on the symbol name in the Market Watch window. After that, the Order window will open, that is used for managing trade positions. When opening a position, the following fields will come up:
1. Symbol - select instrument symbol for which the position is to be opened;
2. Volume - specify the trade volume (amount of lots);
3. Stop Loss - set the Stop Loss level (optional);
4. Take Profit - set the Take Profit level (optional);
Note: Zero values of Stop Loss/Take Profit orders mean that the orders have not been placed at all.
5. Comment - write a comment (optionally);
6. Enable maximum deviation from quoted price - enable/disable the use of deviation. If a broker requotes the price of order execution, the deviation of the new price from the quoted before will be calculated. At that, if the deviation is below or equal to the specified parameter, the order will be excuted at the new price without any additional notifying. Otherwise, the broker returns new prices at which the order can be executed;
7. Maximum deviation: - the value of maximum permissible deviation in pips.
Note: Price deviation at placing of orders is used only in the instant execution mode.
After all necessary data have been specified, one has to press the Sell or Buy button. At that, the order for opening of a short or long position, respectively, will be sent to the broker.
How To Open A Position Using Pending Orders?
To open a position with a pending order, one has to place it first. If the current prices meet its provisions, the pending order will be executed automatically, i.e., a new trade position will be opened. To place a pending order, one has to open the Order window. This can be done by the Tools — New Order menu command, or the button of the Standard toolbar, or by pressing of F9, or by the New Order command of the Market Watch and Terminal — Trade window context menus, as well as by double-clicking on the symbol name in the Market Watch window. Pending Order must be selected in the Type field of this window.
Further, a security (symbol) must be selected, the volume and values of Stop Loss and Take Profit orders must be specified. In the Pending Order fields one has to fill in:
• Type - select a type of pending order: Buy Limit, Buy Stop, Sell Limit, or Sell Stop;
• at price - set the price level at which the order must trigger;
• Expiry - set the expiry time of the order. If the order has not triggered by this time, it will be deleted automatically.
The Place button will send the order to be executed. Upon doing that, a line containing the number and status of the pending order will appear in the Terminal — Trade tab. The levels of the placed pending order (including levels of Stop Loss and Take Profit) will be shown in the chart too.
How To Modify A Position?
To modify a position, one has to execute the Modify or Delete Order command of the opened position context menu or double-click with the left mouse button in the fields of Stop Loss or Take Profit of the opened position line in the Terminal window. Then, one has to set new values of Stop Loss or Take Profit and press the Modify button. If Stop Loss or Take Profit level is too close to the current price, the Modify button will be locked.
Note: Zero values in the fields of Stop Loss and Take Profit mean that these orders were not placed.
How To Close A Position?
An open trade position will be closed automatically if prices equal to values of Stop Loss or Take Profit. When a long position is being closed, the Bid price must equal to the value of Stop Loss or Take Profit, and Ask price must do for short positions. To close a position manually, one has to execute the opened position context menu command of the Terminal — Trade window or double-click with the left mouse button on this position.
Client terminal allows to clients close positions partially. To do so, one has to specify the amount of lots less than that given for the opened position in the Volume field before pressing of the Close... button.
Can I place a Trailing Stop Order on Danpac Futures Trader?
Yes; Stop Order is intended to reduce losses when price moves against your position. If prices move in your direction, your position becomes profitable and stop order can be shifted. An automatic process of shifting this stop order can be done by using Trailing Stop Orders.
How To Place A Trailing Stop?
Trailing Stop is always attached to an open position. To set the trailing stop, one has to right-click on the open position context in the Terminal window and choose Trailing Stop. Then one has to select the desirable value of distance between the Stop Loss level and the current price in the list opened. Only one trailing stop can be set for each open position.
Is there an online manual?
Yes; An online manual can accessed from Danpac Futures Trader platform under "Help" menu