ThinkTrader – Quick start guide

We know that you are unlikely to be logged into your platform 24 hours a day and not only that, you might trade on different devices. For this reason, we have developed a system that provides you with a cloud-based alerts and triggers to keep you in the loop even when logged out of your account.

Why is this useful? Well, let’s say that you’ve been trading on your ThinkTrader desktop app, you got a feeling that a particular instrument will reach a certain level, but now you need to go out. By setting an alert, you’ll get a notification to all your devices as soon as it happens, even if you are not logged in. This is the beauty of the cloud-based functionality of the app.
 

You can choose from our huge range of instruments, and then select what trigger you wish to apply to set off the alarm. This can include specific prices and values or even indicators. Many traders use indicators as part of their trading strategy, so we’ve added 80+ intelligent indicators for you to choose from, including the classic moving average envelope and even our in house developed TrendRisk Scanner. What is TrendRisk Scanner? Well let’s dive right into that…
 

How to set an alarm

Mobile: Simply tap the More icon within the app, then tap Alarms, then finally tap the + symbol to set your alarm.

Desktop: Setting an alarm within the desktop app is simple. Just right click within any chart and select Add Alarm or by right clicking on an instrument within your Watchlist and selecting Create Alarm.

Monitoring your open positions

Now that you’ve got some open deals, you want to monitor them in case you want to take action. Many traders place stop loss and take profit limits on their deals for effective risk management, but you may wish to close a deal based on makret events. The ThinkTrader app makes this simple.

Mobile: You can switch between Open deals, Orders and Closed deals from within the Positions tab. Focusing on the open deals for now, you can clearly see all the live information about each open deal you have as well as their opening conditions. For ease, multiple deals of the same pair will be grouped together, and you can see their combined profit or loss. This can be useful for making your trading decisions and gives you the ability to close them all at once, a feature so special that it has its own section!

Desktop: You can view all of your open deals within the Active tab of your account summary. From there, a right click will give you a whole host of options including the ability to close or partially close the deal, open a live chart of the specific instrument or even open a new deal on it.