How to Place Trades from a Chart?
To enable it, click the gear icon in the upper right corner of your chart module and toggle on Trade Mode.
Published
Topic
Orders & Positions
Trading from Chart modules in the KGI Crusoe platform is designed to be streamlined, using a combination of theTrade Mode buttons at the top of the module and left-clicking directly on specific price levels within the chart.
Table of Contents
Enabling Trade Mode
Placing an Order
Modifying an Order
Canceling an Order
Enabling Trade Mode
Trade Mode allows users to place trades directly from a Chart module. To enable it, click the gear icon in the upper right corner of your chart module and toggle on Trade Mode.
Please note that Trade Mode is enabled by default on new Chart Modules. Disabling Trade Mode will prevent you from placing new orders, but it will not cancel or modify any existing orders or open positions.
Placing an Order
Once Trade Mode is enabled, various order entry buttons will appear at the top of the Chart Module.
Buy Mkt and Sell Mkt send market orders to buy or sell at the current market price. Buy Bid places a buy limit order at the current bid price, while Sell Ask places a sell limit order at the current ask price.
Clicking a specific price level directly on the chart allows you to place either a Limit or Stop order at that level. Keep in mind:
Buy Limit orders can only be placed below the market price. Sell Limit orders can only be placed above the market price.
Sell Stop orders can only be placed below the market. Buy Stop orders can only be placed above the market.
If you accidentally click on the chart and trigger the order entry options, simply click anywhere else within the chart to close the menu and avoid placing an order.
Stop Types
The default stop order type is Stop Market.
To change this, click the cog wheel at the top-right of the module, then select Stop Type to choose from the available types: Stop Market, Stop Limit, Trailing Stop, or Trailing Stop Limit.
Modifying an Order
The dropdown next to the Sell Mkt button lets you customize the order quantity before submitting it. To modify the quantity of an existing order, right-click on the order within the Orders Module and select Modify Order.
The ATM Strategy dropdown and settings module can be used to create custom exit strategy bracket orders that are submitted immediately after your entry order has been filled. Learn more about how to configure custom exit strategies here: ATM Strategies
The DAY/GTC buttons and the associated settings module let you define an order’s time-in-force before submission. This setting determines how long the order will remain active before it’s automatically canceled, if it hasn't already been filled or manually canceled. Learn more here: Modifying Order Flags
To modify the price of a working order, click and drag its order flag along the Price Scale (Y-axis) of your chart to the desired price level.
Canceling an Order
To cancel a working order in the Chart module, click the X next to its price on the Y-axis.
Please note that canceling an order this way does not close or modify any open positions.
To flatten an open position and cancel all working orders with a single click, use the Close button at the top of the Chart module in the Trade Controls section.
To cancel all orders in the Chart with a single click, select Cancel All, Cancel Sell Orders, or Cancel Buy Orders from the dropdown menu next to the Close button. Learn more here: Close, Reverse, & Cancel Buttons
