LOYEX TRADING STATION

(1)

LOYEX TRADING STATION

USER GUIDE

LOYEX TEAM 1/6/2011

(2)

LOYEX Forex Trading LOYAL BANK LTD. Cedar Hill Crest Villa, Kingstown, St. Vincent and the Grenadines, West Indies

www.myloyex.com www.loyalbank.com Tel:+36 1/383-0853 Fax:+36 1/469-4066 email: [email protected]

WARNING

– Do

NOT

Click

BUY

or

SELL

again …This will open another trade!

(9)

i. You can modify trades directly in the “TERMINAL” window by clicking the “TRADE” tab. ii. Right click your mouse on the ticket number of the trade you want to modify.

iii. The pop‐up screen below will then appear. Select “MODIFY OR DELETE ORDER” Double click on your open

(10)

iv. Next, the following screen will appear. Proceed to modify the fields as desired for your order. The “MODIFY” button will then be highlighted in pink. Click to confirm your changes.

5. How to Place a Pending Order Trade

i. Double‐click on the desired currency pair in the Market Watch window

Indicate stop loss level Type in new Take profit level

(11)

ii. An “ORDER” screen will appear. Next, select “PENDING ORDER” in the “TYPE” field.

iii. The “ORDER” screen will then display “PENDING ORDER” fields. Choose the “TYPE” of pending order you require via the drop‐down menu.

Select pending order

(12)

iv. You can choose from the following “PENDING ORDERS” types:

a) BUY STOP ‐The order will be executed if the future ‘ASK’ price is equal to the pre-defined value. When the pending order is entered, the current price level is lower than the value of the placed order. Orders of this type are usually placed in the anticipation that the price, having reached a certain level, will keep on increasing.

b) BUY LIMIT ‐The order will be executed if the future ‘ASK’ price is equal to the pre‐defined value. When the pending order is entered, the current price level is higher than the value of the placed order. Orders of this type are usually placed in the anticipation that the price, having fallen to a certain level, will increase.

c) SELL LIMIT ‐The order will be executed if the future ‘BID’ price is equal to the pre¬defined value. When the pending order is entered, the current price level is lower than the value of the placed order. Orders of this type are usually placed in the anticipation that the price, having increased to a certain level, will fall again.

(13)

v. Before executing the order, complete the following fields for your

“PENDING ORDER”: “SYMBOL” – ensure the currency is correct, “VOLUME” – number of lots, “STOP LOSS” – define your stop loss level, “TAKE PROFIT” – define your trailing stop level as desired, “AT PRICE” – enter entry price, “EXPIRY” – enter a date you wish the order to expire if desired. Complete the order by selecting “PLACE”.

vi. Once you have placed the “PENDING ORDER”, an “ORDER” confirmation screen will appear. Click “OK” to close the window.

Confirm your pending order Enter price Add Stop Loss level No of Lots Ensure correct currency Set Take Profit level

Set expiration date of your pending order

(14)

6. How to add a Trailing Stop

i. Right‐click the “TRADE TICKET NUMBER” of the desired order in the “TERMINAL” window

ii. A pop‐up screen will appear. Select “TRAILING STOP” iii. Next, select the number of desired “PIPS”

Please note: You can only enter the “TRAILING STOP” once you are making a minimum profit of 25 pips.

(15)

ADDITIONAL REFERENCE:

We strongly recommend that you read the User Guide available in the LOYEX Trading Station. Simply go to the “HELP” menu and select “HELP TOPICS”. Or type in “USER GUIDE” in the “HELP” menu “SEARCH” function to access a comprehensive explanation of the platform.

For more information send an email to [email protected] or call us at +(361) 383 0853. You can also send use a fax: +(361) 469 4066 or reach us on skype. Please find our skype details on

www.myloyex.com

LOYEX TRADING STATION