PitView™ Trade Ticket OverView

The PitView™ Trade Ticket has three main views with options:

  • Market Order
    • With Auto Adjust Active
    • Without Auto Adjust Active
  • Pending Order
    • With Auto Adjust Active
    • Without Auto Adjust Active
  • Settings
    • Trade Ticket Defaults
    • Trade Ticket Colors

 

Market Order View

The Market Order View is what you see when you open the Order Ticket. It allows you to easily create positions with the appropriate stops in place and can automatically adjust the position size based on your specific risk and reward needs.

Enabling the Auto Adjust feature adds a small window to the center of the Trade Ticket.  This window shows your stops adjusted for the Bid / Ask spread and what your actual risk and reward is based on these adjustments.  This feature automatically adds the current spread into you orders to keep you Risk to Reward ratio consistent.  This functions the same in both Market and Pending mode.

Auto Adjust

The displayed fields are Risk, Reward, Adj SL and Adj TP.  They stand for:

  • Risk  - The calculated Risk amount for the current trade setup, in your trading currency, based on the Adj SL
  • Reward - The calculated Reward amount for the current trade setup, in your trading currency, based on the Adj TP
  • Adj SL - Adjusted Stop Loss - The Stop Loss in Pips, adjusted for the current Bid / Ask Spread.  In this case, it is 51.5 Pips = Stop Loss of 50 + Spread of 1.5
  • Adj TP - Adjusted Take Profit - The Take Profit level, adjusted for the current Bid / Ask Spread.  In this case, it is 103 Pips = Take Profit of 100 + 2X Current Spread of 1.5

 

 

Pending Order View

The Pending Order View is visible when you select the Pending Order radio button, changing the options on the execution section of the ticket.  This allows you to easily select the option for your orders and submit them for future execution

Settings View

This is where you would set all of your trading defaults.  It has two tabs, the Defaults and Colors. It is accessible by selecting the blue Settings button on the order ticket and then you can select the tab you would like to use.  First is the Defaults tab.  From here you can set up all of your trading defaults like Lot Size, Risk, Stops and Profit levels:

 

 

 

 

 

Why the PitView™ Toolset?
Because it is all about Trading With Confidence.

Follow along to learn more…