With a single click of the mouse, you can now close part or all of a position that is open, this is perfect for scalping or where you want to quickly close a position without having to open any windows or attempting to close it with the chart. This is the faster method to manage to close a position with a partial order where you can choose pre-selected % of the total volume to close and it will close all the positions at the same time.
Submit, Close & Manage Orders With A Single Click
"Fast Direct Order Execution Via The Platform API"
Launching the Dashboard
When you launch the dashboard from the chart, the Scalping Tool icon will open a single instance of the widget for the symbol, if you wish to open multiple widgets just run another cBot from another chart with a different symbol.
Advanced Forex Scalping Tool
This tool will allow you to open positions based on your account leverage and balance and then close them with a single click, this is a more advanced version of the basic scalping tool explained above, but for the more advanced user.
Example Calculation for Submitting an Order
Max Position Size = Leverage (1:50) x Balance (£1000.00)
MPS = (50 x 1000) = 50,000 (50K)
5% x 50,000 = 2,500 units (2.5K)
The units are normalized for cTrader and rounded up to 3K
When the button is clicked a BUY order is executed at 5% x 50K = 3K Volume
Take Profit Partial Close of a Position
You can close a % of the volume from a winning position to lock in profits with a single click of the mouse, there are pre-set buttons to make this as fast as possible. Also, we have given you the option to set your own % value and to use the Close button.
Reverse All Open Positions
This feature is very useful for scalpers when you see the trend change quickly and you have many open positions, you can click on the button and all your open positions will close and new ones submitted in the opposite direction with the same volume, all this happens asynchronously. This will happen with very little delay in submitting the orders to the broker.
Please note that any risk management you have with the positions, like a stop loss and take profit will not be attached to the new positions, it is just an emergency feature to help prevent losses.
MOVES STOP LOSS & TAKE PROFIT TO BREAK-EVEN
You can move the stop loss to a financial break-even for winning trades where the stop loss is moved to the entry price plus a bit more to cover your two-way commissions, swap and spread, so you get out with no financial loss.
You can move the Take Profit to a financial break-even for losing trades where the take profit is moved to the entry price plus a bit more to cover your two-way commissions, swap and spread, so you get out with no financial loss.
Basic Scalping Tool
Single click position management is crucial when reacting to a fast market.
"When you click on any of the close buttons, ALL positions that are open for that symbol will close"
Monitor Your Account Information for Individual Symbols
The dashboard widget contains all the information you need to monitor the account information of an instrument, it is graphically simple to allow you to see what is going on with a glance. If you wish to see the complete account information please take a look at the cTrader Alarm Manager Dashboard
"All the account information relate to the symbol shown at the top of the widget"
"Position the Dashboard Anywhere On or Off the Charts"
"All positions that are managed relate to a single symbol which is shown on the widget"
Watch a Video Tutorial
The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD.
How To Install
First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install it onto the platform.
Instant Chat Support
If you want a speedy reply to your questions just post your questions on our Telegram chat group.