One/Double-Click Execution
The Trading Station defaults to a two-step execution mode which minimizes the possibility of accidentally opening an unwanted trade. The one-click and double-click execution options are designed for traders who want to take advantage of fast moves during volatile market conditions.
To specify your preference, click on the “Trading Mode” button at the top of your Trading Station. You will then see a “Choose Mode” window where you will have three choices.
Two Step with Market Order Box (Default Setting)
This option requires left clicking on the buy price to buy the pair, or left clicking on the sell price to sell the pair. An additional step of confirming the order in the Market Order box is required.
- One Click Mode
This option requires that you left-click once on the buy price to buy the pair, or left-click on the sell price to sell the pair. There are no additional steps required to execute the order.
- Double-Click Mode
This option requires that you left-double-click on the buy price if you are buying the pair, or on the sell price if you are selling. There are no additional steps required to execute the order.
When you have chosen your order mode, click “OK.” You will then be prompted to agree to a disclaimer. Click the check box to accept, and then click “OK.” When the one-click or double-click option is enabled, it will be indicated by a “1” or “2” on the Dealing Rates in both Advanced and Simple views of each chosen currency pair (see Rates)
Closing Positions: *
Closing a position in the one-click or double-click mode simply requires that you left-click on the appropriate “Close” price in the Open Positions window.
Selecting Order Size:
The default order sizes are 10,000 units for mini accounts and 100,000 units for 100K accounts. The order size is displayed in a drop down box between each currency pair’s Buy and Sell price.
To select the order size in the one-click or double-click mode, you can either use the drop down box or input the amount desired in increments of 10,000 (expressed as 10) for standardaccounts. When trading in the two-step mode this amount will be grayed out. You will be able to change the order size in the market order box.
