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This window shows an equity chart for the day. Equity always starts at 0 and the chart is updated each time the closed P/L is adjusted. On the right are the equity OHLC values, with the draw down (DD). The draw down value is the biggest fall in equity from peak to trough. If you do only two trades in the day and the first trade nets you 1000, and the second trade losses you 400, you will end the day with a 600 profit and your DD will be 400. Keeping your DD low in relation to your final profit is an indication of successful and controlled trading. Loading Data In the top left hand corner of the screen you will see an open file icon, click on this and navigate to you data files. Double click your chosen file and it will be loaded. At this point the screen will go blank. You can now (before the market has opened) place orders. When you click the Next bar button in the top left hand corner (you can also press 'Alt' + b) the chart will advance to the first (or next) bar. Any orders that are triggered during that bar are filled and you current status window is updated accordingly. You can continue to place orders in advance of each subsequent bar and they will be filled as and when the conditions of the order are met. The Next fill button, next to the Next bar button, can be used to move the chart forward to the next trade. It is only active when there is an order in the active order window. When you reach the last bar of the day any open position will automatically be closed at the close price of the last bar. A prompt will appear asking if you would like to save a report of your day's trading. Give the file a name and save it in an appropriate folder. 86 Creating Market Master Data Files |
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