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Market depth trading strategy

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market depth trading strategy

The Depth of Market DOM displays bids and asks for a particular instrument at the currently best prices closest to the market. The depth of market is available for the symbols traded in the exchange execution mode, where trade operations are sent to an external trading system exchangeas well as for non-exchange symbols. For the exchange symbols, the depth of market window displays real volumes and prices of trade requests. For the non-exchange symbols, the depth of market is a scalping tool that allows placing market and pending orders in a single click. To open the depth of market of a financial instrument, click " Depth of Market" in the context menu of the Market Watch. The number of bids and offers displayed in the DOM is determined by the symbol parameters set by the broker. Operations of two types are performed from the depth of market: Execute a market operation from the depth of market. Click on the appropriate trade command in the depth of market of the appropriate symbol specifying the required amount. If "One Click Trading" is enabled, this request is immediately sent to the server without specifying any extra conditions trading dialog is not displayed. Suppose we have executed a lot buy operation, while the following offers are currently available in the market: Since we have strategy 20 lots with the Fill or Kill condition at the market price, the required volume will be made up of the nearest market bids. If the order contained a certain price, then it would be executed only at this specified price and only in the specified volume. You can view the history of order execution in the "History" tab of the "Toolbox" window: You market here that the final volume of 20 lots was received from a few offers closest to the market. Trading corresponding offers disappear from the depth of market. Depending on how requests are processed on the server, they can be displayed directly in depth of market mostly limit requests trading wait for execution on the broker's side mostly stop or stop trading requests and then be converted into a market order. Here is an example of placing a limit request to buy 3 lots of the futures contract RTS Specify the required volume in the "vol" field and click on in the Bid price area for the Buy Limit order or in the Ask price area for the Sell Limit order in the "Trade" column in the line of the price, at which you wish to place an order. Examine "Quick trading" section to learn how to quickly manage orders in the depth of market. When placed successfully, the request appears in the depth of market: The newly placed order is displayed in the "Trade" column — BLIM 3 Buy Limit order of 3 lots. As soon as there is a market participant ready to sell the financial instrument at the specified price, the order will be filled and will turn into a position. Usually, Stop and Stop Limit Orders Buy Stop, Sell Stop, Buy Stop Limit and Sell Stop Limit are not sent to an external trading system exchange directly as opposed to limit orders. Until reaching the stop pricethese orders are processed within the MetaTrader 5 platform. The depth of market allows users to quickly manage stop levels Stop Loss and Take Profit and pending orders of open positions. This option is only available with the "One Click Trading" option enabled in the trading platform settings. Trade requests are sent from the depth of market instantly without showing a trading dialog. Stop levels of open positions are displayed in the "Trade" column as TP Take Profit and SL Stop Loss. These levels can be moved by mouse: Move a level to the line with the required price, and it will be modified instantly. Hover the mouse cursor over the button or to the right or to the left from the level and click Shift. The button will change its view to. Depth the button to delete the level. Pending orders are placed using buttons or next to the desired price: After that, an order is placed at the specified price. It has the volume set in the "vol" field, as well as Stop Loss and Take Profit levels specified in "sl" and "tp" fields, respectively. The depth of market allows users to easily change prices of previously set orders. Move the pending order to the necessary price line. The order price changes instantly. If the Stop Loss and Take Profit levels are set for the order, they are moved by the same distance as the price. If several same price orders are placed, they cannot be moved in the depth of market. To delete an order from the depth of market, hover the mouse cursor over or to the right and click Shift. Click the button to delete the order. If several same price orders are placed, the oldest one is removed first. Time and sales and a tick chart of exchange instruments with real transaction prices is displayed in the Depth of Market. Information on every trade includes the time when the trade was executed, its direction buying or sellingas well as the price and volume of the trade. For easy visual analysis, different colors are used to indicate different trade directions: Trade volumes are additionally displayed in a histogram. The trade direction suggests who has initiated the trade: The volume of trades allows traders to market the behavior of market participants: The trade execution speed and the volume of trades on various price levels help traders to estimate the importance of the levels. In addition to the visual analysis of the strategy, you can save market details of trades to a CSV file. Further, they can be analyzed using any other software, such as MS Excel. The file contains comma-separated data: If you want to save data to a file, open the context menu and select "Export Ticks to CSV". Trades will be filtered, and the current filter value will appear in the volume column header. All transactions conducted on the Exchange are plotted on this chart: The larger the circle, the greater strategy volume of the transaction. Transaction volumes are also shown as a histogram below the tick chart. At the top and bottom of the histogram, the total volumes of the current Buy and Sell offers are shown. To customize the appearance of the depth of market, use the toolbar at the top of the window: The context depth of the scalping Depth of Market for non-exchange instruments also allows switching between the volume in lots and units. Trading Platform MetaTrader 5 Download Forex and Stock Markets Trading Charts Technical Analysis Fundamental Analysis Alerts Virtual Hosting VPS Web Trading Comparison with MetaTrader 4 MetaTrader 5 Help Release Notes News Automated Trading MQL5 IDE Robots and Indicators MQL5 Programming Language MQL5 Wizard MetaEditor MetaEditor Help Strategy Tester MQL5. Basic Principles Depth of Market Market Watch Executing Trades One Click Trading For Advanced Users. Depth of Market The Depth of Market DOM displays bids and asks for a particular instrument at the currently best prices closest to the market. Trading Platform Mobile Trading Depth Signals Automated Trading Download For Brokers About CopyrightMetaQuotes Software Corp. market depth trading strategy

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