Trading Off Charts
GoCharting allows you to trade off our charts. There are multiple ways to perform the following key trading functions:
- Order Placement
- Order Modification
- Order Cancellation
- Position Cancellation
- Position Reversal
Order Placement
Order can be placed on the exchange and seen on the chart using the following:
Trading Options
- One-Click Trade: Place market orders with a single click. This method does not support limit orders.
- Chart Context Menu/Plus Button: Right-clicking on the chart at a specific price level allows you to initiate buy or sell orders based on that price. You can also use the plus button on the price axis. If the plus button is not visible, enable it from the axis settings in the settings menu.
- Trading Panel: This provides a detailed panel for placing buy and sell orders. You can specify the order type (limit, market, stop, stop-limit), product type, disclosed quantity, iceberg, and offline orders.
- Hotkeys: To view GoCharting Shortcuts, Press F1
Chart Context Menu Order Placement:
When you right click on the chart a Context Menu will appear. The menu will have smart options on trading to choose from:
- Buy/Sell Limit Order
- Buy/Sell Market Order
- Buy/Sell Stop Order
The algorithm is smart enough to decipher whether the possible order will be a BUY or SELL depending on the position of the mouse relative to the Last Trade Price. For example if the LTP is INR 2064.35 and you have placed the mouse at INR 1991.56, the algo determines that the mouse is positioned below the LTP and will sccordingly provide the below intelligent options to choose from:
- Buy LMT @1991.56
- Buy MKT
- Sell STOP @1991.56
Order Modification
GoCharting allows modification of all open orders (subject to broker restrictions) drectly off the charts by moving the Open Order line with the mouse
Order Cancellation
GoCharting allows cancel open orders (subject to broker restrictions) drectly off the charts by clicking the “X” on the Open Order line
Closing/Reversing Positions
GoCharting allows users to close and reverse their existing open positions directly from the chart