Opening Trades

How to open forex positions

Opening triggers; BTO is used to open long STO is used to open short

Opening Long

BTO <base & quote tickers> @ <price> I.e. BTO USDCAD @ 1.395

To open a long forex position, use the trigger BTO followed by the base & quote tickers without separation, then the symbol @ before the price.

Example of opening a long position for USD/CAD, at the current market price of $1.3950

Opening Short

STO <base & quote tickers> @ <price> I.e. STO USDCAD @ 1.395

To open a short forex position, use the trigger STO followed by the base & quote tickers without separation, then the symbol @ before the price.

Example of opening a short position for USD/CAD at the price of $1.395

Final Notes: - Do not use $ with tickers. - Do not separate base & quote tickers with a / slash or any character. - Submit using a specified price, or use CMP or M for submitting at the current market price. - Multiple trades can be submitted in a single message by using 3 back ticks (```) before and after the whole message.

Using Slash Commands

Submitting trades through slash commands has a more user friendly aspect to it but can take some seconds longer than text messages.

Type in /open then select forex.

Type in or select the direction Long or Short.

Input the base and quote currency tickers, do not separate them with a / slash or any character.

Enter in the price or use 0 for the current market price.

Notes can be added and are optional. Trade Styles (swing, scalp, etc.), Risk Factor Flags, and a Take Profit and/or Stop Loss (Setting TP/SL with trade submission) can all be added by using the notes.

Example of opening a long position for USD/CAD at $1.3950, and setting both TP/SL.