How to Trade on R StocksTrader Platform: Trader’s Guide
This overview is devoted to the basics of trading on the R StocksTrader platform. This is a unique multimarket web platform of the RoboForex company that gives traders access to a variety of groups of market assets and thousands of instruments.
In the article, only the desktop version is discussed, yet it has an application for iOS and Android that suits those traders who prefer controlling their positions from any point of the globe.
What are the advantages of R StocksTrader?
The platform also features a constructor of trading strategies that lets you create your own automatic trading systems.
Find more details about the R StocksTrader platform in the previous article:
Opening a trading account
To get started on R StocksTrader, you need to open an account. First thing, register a Personal Member Area on the RoboForex website and choose R StocksTrader at the “Open account” page.
In the account opening window you can customize the following parameters:
- Real or demo (virtual money) account;
- A hedging track system: Yes or No (it allows opening several positions, including in one asset and different directions).
- Account currency: USD or EUR
- Leverage: from 1:1 to 1:20
R StocksTrader interface
To enter the platform, go to https://stockstrader.roboforex.com. You can study the interface and main functions without registering an account via the View as Guest option.
Top menu of the platform
In the top menu bar of the platform, there are two active buttons and your current account info.
- Button 1 opens the trading accounts menu (where you can sell various chart and indicator settings). Via this menu, you can switch from one account to another and between preset desktops. At the bottom of the menu, there is the escape button.
- Button 2 is the support button. Clicking the button, you open the platform support page that provides you with the necessary information on the functions of the platform.
Working with charts
The central part of the desktop is taken up by charts. Setup and edit buttons are at their top.
- Use one asset on all charts
- Search for and choose instruments
- Choose the number and position of chart windows
- Choose a timeframe
- Chart type (candlesticks, bars, lines, areas, Heiken Ashi)
- Add new instrument to the current chart to compare dynamics
- Add a technical indicator to the chart
- Choose or delete objects on a price chart
- Expand the chart to full screen
- Set up chart view
- Cursor, ruler, or crossing. Click on a small triangle in the lower right corner of the button to choose.
- Lines. Click on a small triangle in the lower right corner of the button to choose.
- Channels. Click on a small triangle in the lower right corner of the button to choose.
- Fibonacci instruments. Click on a small triangle in the lower right corner of the button to choose.
- Waves. Click on a small triangle in the lower right corner of the button to choose.
- Geometric figures. Click on a small triangle in the lower right corner of the button to choose.
- Arrows and price footnote. Click on a small triangle in the lower right corner of the button to choose.
- Insert text
- Choose color of lines, figures, text
Also, in the upper left corner of the chart, there is a small square. Click it to expand/fold in price parameters (open. high, low, close) and indicator values. Right-click the chart in any place to open a window with some functions from the upper board.
The right part of the desktop is the trading panel with watchlists of instruments. It has three pages (1, 2, 3) and a fold in/expand button in the middle of the left part (marked as 0 in the picture below).
Page 1 – the name of the instrument and its current quotation. There are three buttons near it that open windows for trading operations:
- Market – open a position at the current market price
- Limit – place a pending limit order
- Stop – place a pending Stop order
Below, there are two customizable watchlists. For example, in the first watchlist, you can choose from a system set of instruments from an unfolding menu: Top Gainers/Top Losers/Top stock market volumes of the USA, Great Britain, and Germany.
In the second case, you can set up your own watchlist, adding instruments via the Add Symbol window.
Page 2 – extended trading panel with active Sell and Buy buttons that shows current purchase/selling prices. These buttons open positions at once. To the right from the buttons, you can set up trade volume; below you can find Expenses (commission fees) and Guarantee (margin). There are two lists of instruments as well.
Page 3 – it opens market depth where you can trade directly. Below, there is the Trade Feed window that shows the price, volume, and time of trades with the instrument in the exchange.
Window of current positions
At the bottom of the desktop, there is a window demonstrating open positions and active pending orders.
The window has several pages:
- Positions – all open positions reflected.
- Active orders – all active pending orders reflected.
- History – demonstrates trading history for a certain period.
- Trade blotter (order log) – all executed and cancelled orders reflected.
- Strategies (constructor) – demonstrates built-in popular automatic strategies and allows creating your own. Find more details about writing your own expert advisors in R StocksTrader in a corresponding article.
- Corporate events - demonstrates the list of past and planned important corporate events: annual reports, dividends, splits.
- Data representation menu.
How to choose a trading instrument in R StocksTrader
There are several ways of choosing an instrument on the platform:
- Use the search window on the upper instrument bar. You can either enter the ticker of the asset in the window or click the search sign, check the whole list of available instruments, and choose the one you need.
- Use on of the system watchlists: Top Gainers/Top Losers/Top stock market volumes/Popular.
- Use your own watchlist. Set it up via the Add window that works like the search window from the upper panel does.
How to trade in R StocksTrader
Let us take a closer look at making trades on the platform.
- The easiest way to open a position is to click the Sell or Buy buttons on the second page on the trading panel. Choose the trade volume and click the button; a position will open at once.
- You can use the trading window opened by the Market, Limit, and Stop buttons on the trading panel. In this window, choose the type of order, the Buy or Sell direction, place a Stop Loss and Take Profit, if necessary, and click the button at the bottom of the window.
- Use market depth on Page 3 of the trading panel. At the bottom of market depth, there are active Buy and Sell buttons that open trades at the current market price at once.
- Choose an open position in the Current position window and click the active field in the Profit column – it shows the current size of profit/loss. The closing window will appear: click Close Trade.
- In the asset chart window, if you have an open position there, a small icon appears near the opening price level that shows your current profit/loss. Click a cross in the right pat of the icon, and the position will close at the current market price.
- If there is a netting system of accounting positions on your account, you can close an open position by opening another one with the same volume but in the opposite direction.
Placing pending orders
- You can place pending orders by Limit and Stop buttons on the trading panel. In the window that unfolds, choose the type of your order, trading direction, price, and volume.
- An even easier way is put the cursor on the desired quotation on the price scale of the asset and click the “+” symbol that appears. If the quotation is above the current price, the program will suggest you Buy Stop and Sell Limit orders to choose. If the quotation is below the current price, choose between Sell Stop and Buy Limit.
- Pending closing orders – Stop Loss and Take Profit – can be placed in the trading window from the start or added later in the current position window in T/P and S/L columns by the SET button.
The R StocksTrader platform combines modern technology and a classical and user-friendly design. Via it, the trader accesses a vast variety of trading instruments. One does not need much time to master the platform; it is intuitive and easy to use. Check out detailed trading conditions on the RoboForex website.